organization Archives - Passive Family Income

October 25, 2017

It’s Good to Talk: Developing Good Business Relationships With Suppliers

Every type of business needs a good supply chain to be able to thrive and meet demand which is why it makes a lot of sense to try and craft the best possible relationship with your key suppliers. Here are some ideas and tips on how to create and nurture that mutually beneficial relationship, such as why suppliers are so important to your business, an obvious but vital if you are going to get on, plus a look at why it is also good to listen as well as talk. Good reasons for getting on The way we do business…

October 24, 2017

Out with the Old: Modern Approaches to Business Intelligence

The top business executives today know that cutting corners only leads to disaster. For example, if a company changes its product in order to save a few cents on production, this can have huge implications if customers are dissatisfied with the change. The business world moves so quickly now due to the Internet, misinformed decisions can quickly lead to catastrophe. One area that is paramount to the success of a modern company is business intelligence. Without accurate, real-time data, managers and owners are at a distinct disadvantage against those who are utilizing the best new tools. It’s time to embrace…

July 25, 2017

The Seller and Buyers in Mergers & Acquisitions

M&As (mergers & acquisitions) are daunting processes and many businesses are afraid of them. This is understandable, because companies are literally swallowed up by giants through M&As. Not just that, the financial constructions involved in it are highly complex and require extensive knowledge. However, having a baseline understanding of the role of the seller and the buyer may simplify the entire process to a degree. The Seller The seller can be anyone from a single individual to a huge number of shareholders. Their number is not significant. Rather, it is their collective desire to sell a company that matters. The…

July 11, 2017

Top 5 Ways your Business can Secure its Data

Source Your data is hugely important to you and your company, it is not just company and employee records, but customer information that you need to keep secure. That is why it is vital that you are doing all you can to protect your company from unwanted attacks and accidental destruction of information. If you are not sure whether your data is secure, there are ways you can minimise the risk to your data and recover it in the event of a breach or deletion. Storage The way you store your data and the people you give access to it…

June 21, 2017

What is Involved in Project Management

No matter what type of business you run, once it reaches a certain size, you will need to hire staff or freelancers to help you grow it further. In order to do this, you may find yourself transitioning into a project management position. Project management isn’t something that is easy, although it is something that can be learned through a project and program management degree. To get an idea of what is involved, keep reading. There are five main processes involved in project management, which are initiating, planning, executing, monitoring and controlling, and closing. You will need to apply knowledge,…