Business Guide

What is a value proposition? (A simple definition)

What is the definition of a value proposition

Most entrepreneurs that go into business do so for a very specific reason. Setting profit aside, they also believe that the product or service that they offer is something unique. It fills a gap in the market. It meets certain needs and resolves pain points. As such, they’re offering something of value to their target…

What is SEPA – Single Euro Payments Area explained

What is SEPA and why is it needed

You’ve set up your business and are running it in Europe. Given this, you are most likely exchanging goods or services with other companies on the same continent and this means you need to make or receive payments in euros outside your national system. In this case, transfers will be made via SEPA. But what…

What is SWIFT and what is its role in payments?

What is SWIFT and how does it operate

You’re on one side of the world and the person to whom you want to send money, or the company that owes you, is on the other.  No matter where on the globe amounts start their journey and where they’re expected to end it, they sure will make it.  SWIFT is what facilitates the process….

What Is an SME (Small and Medium-Sized Enterprise)

What are SMEs and how do they function

To discuss what SME Small and Medium-Sized Enterprise) is, we first need to talk about business. Apart from generating a profit, its fundamental purpose is to express the inborn human daring to transform one thing into another.  When this new thing, which we’re used to calling a product, serves not only its manufacturer but solves…

How to start your own business – a step-by-step guide

How to easily start a new business

The drive to grow, the ability to identify opportunities, the ambition to be the winner, the courage to take risks, the talent to attract supporters – these and many more comprise the definition of entrepreneurship. Are we born with these qualities or can we gain them? Even scientists have their take on the question. Some…

How to Create a Business Plan in 10 Simple Steps

What is a business plan and how to make one?

Starting your own business can be a truly exciting time of your life, but it does not come without challenges, or at the very least, prior preparation.  One part of such preparation is the creation of a business plan – or the strategic document that will provide a roadmap to your business creation, development, and…

Entrepreneur: What Is It and What Types Are There?

See what an entrepreneur means

There are people who walk among us with a unique vision for life. They are bold and brave. They want to make a change. And they have the grit to withstand all obstacles to make their vision come alive.  Two centuries ago, people bartered and apprenticed for their professions only to stay in them for…

What is click and collect, and how does it work?

What's the meaning of click and collect

Even before the coronavirus pandemic set in during 2020, there was a rise in click and collect orders. Some sources expected a whopping 78% increase from 2019 figures, while other, more modest figures indicated a 32% rise. Needless to say, click and collect orders are expected to double by 2025 and surpass the expected figure…