Teenager Startups - Communities

Inventory management is very important to startups and small businesses because it helps them prevent stockouts, manage multiple locations including warehouses stock, and ensure accurate recordkeeping of stock. An inventory software solution makes these processes automated to a large extent. Companies need to have inventories in warehouses in order to fulfil customer demand, meanwhile these inventories have holding costs and this is frozen fund that can be lost.

Accounting plays a very critical role in running a business because it helps you track income and expenditures, ensure statutory tax/audit compliance, and provide investors, management, and government with quantitative financial information that can be used in making business decisions. Managing business finances and maintaining a steady cash-flow in a startup is very important.

Women are not only under-represented in key fields, they also face gender bias at workplace and are less successful in salary negotiations. Entrepreneurship is the path to leadership and Female leaders, girl bosses and businesswomen, please unite! Female entrepreneurs can support, collaborate and network with each other here.

The word “inspiration” comes from the Latin word “inspirare” which means “inspirit” or “divine guidance”. In a nutshell, inspiration is something that you feel on the inside, while motivation is something from the outside that compels you to take action. In this forum, please share motivational posts, give advice on how to achieve personal growth and support each other's endeavours. Uplift each other

Social media marketing definitely increases your brand's awareness. Nearly 80 % of startups and small businesses use social media to attract new customers. Furthermore today 33% of customers have identified social media as to how they identify new products and services. In today's era worked of mouth and social recommendations are drivers of purchase decisions. Billions of people are hooked on social media and businesses must take social media marketing as an integral part of their brand-building and business strategy.

Traditionally companies outsource primarily to cut costs. But today, it is not just about cutting costs but also about taking advantage of strategic outsourcing such as accessing skilled expertise, reducing overhead, flexible staffing, and increasing efficiency, reducing turnaround time and eventually generating more profit. Finding the right reliable partner is always a challenge and many times time zone and language barriers can be a pain but if right partner is chosen, outsourcing can be a game-changer for your business.

E-commerce today has become one of the preferred ways of shopping as customers have got comfortable in enjoying their online purchases because of its easiness and convenience. With e-commerce, consumers can save lots of time as well as money by searching for their products easily and making purchasing online.

Similar to public services the quality of the product or service a business can provide is dependent on its financial situation. A business without appropriate funding sources will be drowned in a sea of debt. Funding is the fuel that powers a business. Securing funding for startups is challenging and it requires serious dedicated effort.

An idea can change the world, but a helpful personality, humility with great vision can make one a huge influencer as a thought leader. This helps in building credibility and trust. Your peers will respect you for your thought leadership, making them more likely to help you in any way that they can. Your customers will also trust you and feel like you've given them something of immense value, making them more likely to choose your business over a competitor. Take that extra mile and have the habit of being sharp and well researched, friendly, helpful and always be there for your customers.

As a freelancer, You're mostly in charge; you can decide if you want to take a job or not, and you can certainly decide when and how you complete your work. As long as you meet deadlines and give quality work that exceeds client expectations, you will build a reputation and have a good referral business

Marketing is a set of activities that help in communicating with customers about company products, explaining who is offering them and why they are desirable and how to avail/use them. Today with digital media growth, marketing is also responsible for listening to customers (along with customer service department) and communicating back to the business about how well to position a response back to customer and improve the product/ service internally with customer feedback received.

A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. This forum will allow users to engage with community members and ask questions about business plan development and business planning in general.