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One of the end goals of a business is to grow, Michael Giuffrida notes. Whether it’s adding new branches, services, products, or creating larger spaces for their offices, or acquiring competitors, expansion has always been one of the aims of business owners from the onset (or at least it should be). Image source: Pexels.com Just like any other long-term endeavor a company might undertake, expansion takes careful and extensive planning, perhaps even more careful and extensive than most other projects. The board, as well as management, should have a clear picture of what they want to achieve in terms of growth to keep the quality of their goods and services, and reputation of their brand competitive. Michael Giuffrida mentions that one of the first things to do happens even before everyone takes a step toward expansion. The company should first hire or delegate a group of dedicated individuals to the strategizing and outlining process. This will be the same team that takes the r...
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Why IT training is a must for today’s businesses

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In this day and age, Michael Giuffrida believes that IT training shouldn’t just be an option, but rather a requirement for employees in many companies. He reminds everyone, especially owners of businesses that rely on computers and servers and websites, that through IT training, not only is the company more efficient, but it is also a lot more secure. Image source: analyticsinmotion.com   While technology and the internet have allowed companies to expand and grow like never before, they have also opened the doors for many unsavory individuals who look to get their hands on whatever information they can. Hackers and cybercriminals are in abundance today, and businesses are never truly foolproof. This is why employees need to undergo IT training to secure a business and the sensitive information it holds. IT training involves everything from simple computer program operations to safety protocols of every electronic device connected to the office network. Knowledge gain...
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Effective day-to-day finance tips for small businesses

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What happens in monthly financial tallies is the result of day-to-day financial management. There are a lot of consequences business owners could face if they don’t properly manage their daily financial activities. Their business can slowly bleed, resources could be misallocated, and revenues would not be as big as they expected. According to financial expert Michael Giuffrida, business owners, especially of small enterprises, should know the importance of effective daily financial monitoring. Here are some day-to-day finance tips for small businesses. Image source: foundersgrid.com Hire a trustworthy bookkeeper Not everyone who goes into business has a knack for accounting and finance. This is why business owners should consider hiring a bookkeeper to help give them a transparent look at their finances. Not only can a bookkeeper have the business’ finances on track, but they can also make suggestions on assets that can be improved upon. Actively evaluate employee r...
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