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What is Inventory Tracking? Methods and Systems

What is Inventory Tracking? Methods, Challenges, & Systems

Inventory tracking is the process of monitoring and managing a company’s stock of goods (inventory asset), from when they are acquired to the point of sale. Effective inventory management is crucial for maintaining optimal stock levels, reducing costs, and ensuring customers receive their orders on time. This blog will explore various inventory tracking methods, businesses’ […]

Chart of Accounts for Rental Property: A Comprehensive Guide

chart of accounts for rental property

Owning real estate can be a fantastic way to build wealth and secure your financial future. But with great rewards often comes great responsibility – keeping your finances organized. Here’s where a well-structured chart of accounts (CoA) for your rental property such as a hotel becomes a helpful tool. Think of a CoA as a […]

10 Free Tools for Small Businesses [2023]

In today’s digital age, running a small business doesn’t mean you need a large budget to access powerful tools. Numerous free resources are available that can streamline your operations, boost productivity, and enhance your bottom line. Here, we’ll explore some of the top free tools for small businesses. 1. Vencru Invoicing and Accounting Whether you’re […]

10 Important Sales Channels for Your B2B Business

A well-structured sales strategy is paramount in business-to-business (B2B) commerce. A vital component of this strategy is identifying and utilizing effective sales channels to help your B2B business reach its target audience and maximize revenue. From traditional methods to digital platforms, this article delves into the top 10 sales channels that can drive your B2B […]

15 Business Ideas For Students in Nigeria

Do you know that there are several businesses that can earn you money as a student in Nigeria? Being a student doesn’t mean you can’t embark on a journey of entrepreneurship. In fact, with the right business ideas, you can not only earn extra income but also gain valuable skills and experience. There are a […]

15 Business Ideas For Ladies in Nigeria

Do you want to be your boss? Do you want to have more control over your time and income? If so, starting your own business could be the perfect solution. We have compiled 15 business ideas for ladies in Nigeria. We understand that there are many reasons why women start their businesses. Some do it […]

15 Business To Start With 500K in Nigeria (2023)

In present-day Nigeria, starting a business with ₦500,000 thousand might seem challenging, but with the right business idea and strategy, it is very much achievable. Having a business is a great way to achieve financial independence and create a better future for yourself and your family. However, it can be hard to know where to […]

How to write a business plan

business plan

Like google maps helps with navigation, your business plan is the road-map without which your business cannot survive. Business owners are 200% more likely to grow, get investments and get loans. Learn how to write a business plan with Vencru Academy.