If you think that selling your products or services online needs to be a big affair – possibly something like Amazon – you’re in for a nice surprise. Over the past few years, there’s been a rise in eCommerce, which essentially refers to online sales through secure websites that are fully compliant with international payment…
When running a business, you’d want to do it smoothly and seamlessly. However, it’s unlikely that you’ll be able to take care of all the aspects that come with it, and this is where outsourcing comes in. But what is that, and why should you consider it as a strategy for your business? Perhaps before…
Startups by their very nature are businesses that seek to disrupt the status quo by offering innovative products or services as opposed to businesses that operate under the premise of entrepreneurship and serving their local market. If you’ve had a lightbulb moment and you’ve thought of an idea that may disrupt the marketplace, then you’ll…
It was as early as the last decade, in 2014 to be more precise, when The Economist Intelligence Unit found that 80% of customers “are demanding new consumption models, including subscribing, sharing, and leasing – anything except actually buying a product outright.” And this is where recurring payments have entered the payments landscape to change…
It wouldn’t be an overstatement to say that we’ve all probably purchased something online over the past two and a half decades. After all, with the proliferation of the world wide web, the Internet, and the technologies that go along with these developments, it’s become even easier to shop online. Whether through your smartphone, computer,…
For those of you whose strengths do not lie in numbers, talking about invoices and pro forma invoices could, at the very least, be confusing. However, as a business owner, it’s important to know the meaning of these terms so that you can run your business more effectively. So, what does a pro forma invoice…
Unless you’re a one-man or woman business, the chances are that you have employees working for you. These are going to be your business’s greatest asset, as employees can portray your brand and company culture like no other force out there. Essentially, they’re your greatest brand ambassadors. But what happens when the “honeymoon” phase ends…
In the world of subscriptions and continuous payment authority, the various terms used may sometimes lead to confusion. From recurring payments themselves to standing orders and direct debits, they all share some similarities, but there are some fundamental differences. In this blog post, we explore what is a standing order and the primary differences between…
Imagine a publicly listed company on the stock exchange. Now imagine that this company is divided into hundreds of little pieces which you can own. This is the case even if you don’t run a company. These “little pieces” are “shares” and the person who owns them is known as a shareholder. But looking at…
Bookkeeping and accounting are not everyone’s cup of tea. They involve an in-depth knowledge of numbers and an accurate way of putting each one where it belongs in a firm’s general ledger. While you’re right to think that this profession involves numbers, to make things even more complicated, there is also a specific terminology that’s…
One of the first things you need to do when thinking of starting up your own business is to determine your business structure. Will you be a sole trader or a limited company? This distinction is crucial as it will determine not only what type of profit and income you make but also your debts…
At some point in our lives, most of us have signed up for one subscription or another. Whether a gym membership, a weekly or monthly newspaper, and magazine, utility bills, paying your phone bill every month, and interestingly, you can also sign up for a car service or even have shaving kits delivered to your…
Sending and receiving money across Europe is now easier than you can imagine. All this with a little something called an IBAN number. This number is very specific, though, and it plays some important functions in transferring funds on the continent, and even beyond. Let’s find out what IBAN is and how it works! Table…
Women’s Entrepreneurship Day is celebrated on the 19th of November each year to honour and support female entrepreneurship around the world. With an almost equal ratio between men and women globally, it’s important to ensure that the marginalised gender has support for starting business endeavours. This will help bring it up to par with their…
Our reliance on the Internet and mobile technology today is so high that we can barely imagine living our lives without all that these solutions have to offer. Yet, there are individuals with malicious intent who are keen to exploit your online vulnerabilities with the aim of gaining access to sensitive data. Today, there are…
