How to get a small business loan in 5 steps

There comes a point in every successful small business owner’s career that they need to expand their trade. This could mean all kinds of things like investing in new equipment, conquer a new market, undertaking a big project or spending more money on their marketing and promotional efforts. As one can easily figure out, every …

Elorus Team in Business Tips

Top 5 Reasons Why Most Small Businesses Fail

Being a business owner mostly means taking risks and being 100% committed 24/7 in order for your business to survive and thrive. However, how many times have you seen a perfectly good idea, become a profitable business for a while, and then crash to the ground for, “apparently”, no reasonable explanation? According to the 2016 SBA’s (Small …

Elorus Team in Business Tips

Money Saving as a way to Snowball Your Business Growth

Think of when you are a student, renting an apartment, and buying your own food. All the while, you are trying not to sink financially before the end of the month, which usually involves eating a whole lot of pasta. So, it is apparent that money-saving is important. It can even help you get an …

Elorus Team in Business Tips

How to hire the right person

Many people start freelancing so that they get to be their own boss — be able to choose the projects that they want to work on and carry them out in their own terms. After some business growth though, freelancers usually find that they’ll also need to hire other professionals and be their boss too. …

Elorus Team in Business Tips

The 7+1 Biggest Challenges Small Businesses Face (pt.2)

Small is beautiful. Or so argued the British economist E. F. Schumacher on his seminar eponymous book. In it, he blasted conventional notions that, when it comes to business, “bigger is better”. Being small can be better for efficiency, agility,  for the environment and even for society in general he argued. Now you may or …

Elorus Team in Business Tips

The 7+1 Biggest Challenges Small Businesses Face (pt.1)

For all of our infatuation with the Apples, Facebooks, and Googles of this world, it’s small and medium businesses that form the backbone of most countries’ economies. According to WorldBank data, SMEs contribute up to 33 percent of the GDP in emerging economies, while in the US, SBA (Small Business Administration) tells us that small firms “accounted for 60 percent of …

Elorus Team in Business Tips

Playing to your strengths: how to compete with the big brands

David vs Goliath. The Rebel Alliance vs the Empire. Rocky Balboa vs Apollo Creed. Linux vs Microsoft. Whether it’s in religion, cinema, or even business we always love the story of an underdog beating the odds. When you’re a freelancer though, that’s not just a story — it’s your own business on the line, and to survive, …

Elorus Team in Business Tips

5 tips for hiring your first employee

Most freelance operations are one-man shops. You are your own boss, sure, but you are also your own customer support, sales team, logistics and IT department and quite a lot more. And you can pull it all off, too, when you are starting out or when business is sporadic. When success comes through, and you find that you have more work than you …

Elorus Team in Business Tips

How to hire an accountant for your business: 10 things to look for

Hiring the right accountant to handle your small business’s finance is a crucial decision for your firm’s health. The right person for the job can contribute toward the growth of your company, whereas, the wrong person can greatly impede it. The above is especially true when your small business is newly founded, hence needs a solid foundation in order to grow successfully. How to find …

Elorus Team in Business Tips