ICTs, Business and Society
Tag: Financial management
Starting your own business stands as one of those transformative decisions. The prospect of bringing your ideas to life feels incredibly energizing, but there are some things to consider. Your journey into entrepreneurship may involve careful evaluation of several key factors.
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Navigating the realm of personal finance can often feel overwhelming, yet mastering this skill is crucial. Here are four things about managing finances.
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Leaving a toxic work environment can be both liberating and daunting. While breaking free from negative influences and stressors is a significant step toward better mental health, the transition can also leave you feeling uncertain about your future. You might find yourself questioning your self-worth, professional capabilities, and potential paths forward. It’s essential to recognize that you’re not alone in this journey and there are actionable steps you can take to rebuild and thrive.
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In today’s increasingly digital world, small businesses must leverage the right technology to stay competitive, efficient, and scalable. With the right tech investments, they can streamline operations, improve customer experiences, and drive growth.
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Overall Equipment Effectiveness (OEE) offers a powerful metric for contextualizing manufacturing losses through Availability, Performance, and Quality pillars. By effectively quantifying where systems fail to fire at optimal capacity, the OEE percentage calculates losses and illuminates improvement opportunities when precisely formulated from rigorously tracked data.
Continue reading “Boosting Efficiency: A Step-by-Step Guide to Calculating OEE”
Term insurance is a type of life insurance that provides a large sum of money to your beneficiaries in case of your untimely death during the policy term. It is one of the most affordable and simple forms of life insurance, as you can get high coverage at low premiums. For example, you can buy a 1 crore term insurance plan starting from as low as ₹ 384 monthly, depending on the insurer, your age and a few other factors.
Continue reading “Why is it not a Good Idea to Surrender your Term Insurance Policy?”In the fast-paced world of business, finding success is often attributed to various factors such as strategy, innovation, and market trends. However, there is one element that is often overlooked but plays a crucial role in achieving success: the rhythm of business days. Understanding and harnessing the power of this rhythm can unlock immense potential and pave the way for unparalleled achievements.
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When it comes to history, we have all heard about the great Chanakya or Chanakya Niti. Chanakya was a class act, strategy, managing an army of warriors, or taking political decisions. Chanakya Niti (Chanakya strategy) was instrumental in Chandragupta Maurya’s efforts to reign over the Nanda dynasty. Chanakya also played a pivotal role in making the Maurya Dynasty one of the greatest in Indian history.
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One of the primary goals of a business is that they have to collect a payment, because, after all, that’s how they stay in business and keep the money rolling in. However, that is also the most challenging aspect of running a business. Research showed that around 56% of American patients delay in paying for medical assistance or avoiding the payment altogether. In 2016, around 70% of the hospital patients had invoices of $500 or less that weren’t paid. Hence, what a business can do is make the payment process much easier for them by providing online payment methods. As long as consumers see any value in online payment, the business will also benefit from it.
Continue reading “What are the benefits of online payment?”So, you want to trade in the Forex market? Maybe you already do and just don’t know it. Most people think forex trading in UAE is a get-rich-quick scheme. Still, it’s a regulated way to profit by speculating on short-term price movements of currencies based on economic events, political decisions or even pure speculation. Whatever your reason for wanting to trade, there are some things you should know before starting.
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