Carrying out a stock take has many benefits. These benefits include; Analysing gross profit Determining shrinkage Meeting business targets Analysing product performance Finding flaws in pricing strategies   Analysing Gross Profit Knowing your gross profit for each period will provide deeper insights into the positives and negatives. It will also help you to understand and […]

It is generally at the end of the financial year when a stocktake is carried out, but some businesses may conduct a stock take more often than others. So, what is a stock take? Simply put, it is a process that involves taking count of a business inventory at a particular time. Carrying out a stock […]

The staff that you hire are the face of your business. How they work and act can lead to the ultimate success of your business. The success and failures of the business’ performance are contributed to by the efforts of each employee. Staff quality is one of the most important aspects of a business, especially […]

Do you check Facebook or review sites before booking a hotel? If your answer is yes, then you are part of the majority. The internet is the first place a tourist will look before booking a hotel. Internet booking is huge with a growth of over 73% in the last 5 years! In recent times, […]

If you are starting up a B&B business then you need to know how to make it successful and how to professionally manage it. It is a 24/7 business and some people are just not cut out to dedicate that much time to it. It is a business that requires you to be pleasant at all […]