eCommerce is changing and growing faster than ever. It can be difficult to remain competitive in this new marketplace without serious innovation. Artificial intelligence (AI) offers many ways for eCommerce businesses to improve their business. Randall Castillo Ortega, the founder of RACO Investment and an expert in eCommerce, shares a few ways AI can benefit [...]
Proper financial management is an essential part of any business, no matter how small or large. Contrary to popular belief, financial management is more than just bookkeeping and checking the bank. For many reasons, business visionaries must consider their assets. These include anticipating the need for survival and achieving greatness in times of prosperity. Randall [...]
There is a process that guides you through selling and attracting people to the product or service. Each stage must be carefully managed to create final value. This process is known as the sales funnel. This process can be used in many ways. Randall Castillo Ortega, the founder of SME investor RACO Investment, is an [...]
Regardless of their size, companies often overspend on the procurement of goods and services, and most of them lack an efficient mechanism to analyze data and manage their spending. Not properly overseeing expenses can ruin a business, and RACO Investment founder Randall Castillo Ortega offers a series of tips to analyze the expenses of a [...]
Businesses have faced huge challenges and experienced an incredible amount of change in recent years, and this will not stop in 2023. Businesses will have to continue to overcome COVID-19, the escalation of the Ukraine conflict, the economic challenges, as well as an increasingly rapid development of technologies. Randall Castillo Ortega, the founder of RACO [...]
The most-used strategy in business accounting is the generally accepted accounting principles (or GAAP). It established standard budgetary detailing styles and definitions that are universal across all organizations and enterprises. Randall Castillo Ortega, a financial expert and the founder of business investment company RACO Investment, explains how GAAP can simplify small-business accounting practices. GAAP rules [...]
It's well-known that it's not easy to face the challenges that could hinder a company's growth. This shouldn't be put off. Numerous studies have shown that SMEs in many countries are at high risk of failure. Randall Castillo Ortega, the founder of SME backer RACO Investment and a business optimization expert, discusses in detail how [...]
It was a tradition that bank accounts opened required extensive paperwork. This was necessary to fulfill a variety of obligations. These included the bank's need for proper records and the government's control over possible money-laundering activities. There was always paperwork involved in almost every transaction, even after the account had been opened. In some cases, [...]
Leadership in business is not something you do by yourself. To shape and condition each organization's needs, it takes more than a leader with certain skills and characteristics. Although there are many leaders, not all have the same level of influence and effectiveness. They make the right decisions about how they play their roles and [...]
Financial analysis allows business owners to determine the current situation and future decision-making in the search to improve business performance. It uses the study of financial statements through different indicators to evaluate the profitability, liquidity, assets and liabilities of an organization. These items are important for the decision-making process. Randall Castillo Ortega, the founder of [...]
