Brief Bio Dr. Martijn Driessen is the founder and CEO of Entrepreneur Scan. His company delivers a SaaS (software as a service) solution to entrepreneur coaches and small business support organizations worldwide. With their proven software, coaches and consultants help business owners grow personally and professionally. Because the firm's person is the most important company's..
Read moreMANAGING YOUR WORKING CAPITAL
In finance, working capital is a metric which shows the operating liquidity, efficiency and short-term financial health of any company. It is the amount of capital readily available to an organisation for its day-to-day trading operations. There are two major components of a working capital; current assets and current liabilities. Current assets -This refers to..
Read moreSTRATEGIES FOR MANAGING INVENTORY
Inventory management is an important aspect of businesses around the globe. Managing and storing inventory can be challenging, expensive and time-consuming. That is why companies are constantly finding new strategies of managing inventory in order to improve operational efficiency, save cost and save time. In business, Inventory refers to all items, materials and goods being..
Read moreGetting Things Done Right – The Essence of Project Management
Everyone talks about management, but nobody stops to explain what it is. What do we really mean when we talk about managing something? We can understand that best if we look at the opposite of management. In a business, if something isn’t under management, then it’s out of control. When a situation is out of..
Read moreHow well do you know your Product?
If you find that your marketing and promotional strategies are not working or achieving desired results, then maybe it’s time to go back to the board. Malcolm McDonald, a marketing academic, said that “the other half of the marketing audit, having considered whom we sell to, is what we sell to them.” An effective marketing..
Read moreHow well do you know your Customer?
You have a good marketing plan. You have a strong strategy team. Your marketing department is devoting a lot of resources to the company’s marketing activities. However, you do not see the impact of these activities on sales. Or maybe, there’s impact but not as much as you had expected. This is no one-size-fits-all solution,..
Read moreDeveloping a Strategy
Are you having problem meeting customer needs or implementing a marketing plan? Perhaps it’s time you constitute a strategy team within the marketing unit or ensure that the organization’s strategy team has representatives from the marketing unit. Whichever you decide will depend on available resources. The strategy team is responsible for developing and overseeing the..
Read moreDeveloping the Business Plan
‘’By failing to plan, you are planning to fail.’’Benjamin Franklin , Inventor and Business man By this time, much of the initial analysis required to write your business plan has been concluded. All that remains is to put together what has been developed into a well-written plan that communicates your intentions to internal and external..
Read moreThe CEO’s Guide to Effective Business Models
“I started the business with a simple question: How can we make the process of buying a computer better?’’- Michael Dell, Founder of Dell Computers A feasibility study should be conducted to determine the likelihood that your business idea will be successful. While it is not a checklist, a good feasibility study tests the different..
Read moreCreate a goal-setting system
“If you want to be happy, set a goal that commands your thoughts, liberates your energy, and inspires your hopes.''—Andrew Carnegie, steel industrialist Successful entrepreneurs are characterised by a high need for achievement. You can’t afford to be complacent and passive if you want to make a success of any entrepreneurial venture. Craft a vision..
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