Refinancing a loan at a lower interest rate and on more favorable terms can significantly reduce your business debt. Refinancing is attractive in many situations, but there are exceptions that a small business owner should be aware of to ensure that the refinancing meets their business goals. Randall Castillo Ortega, the founder of SME lender [...]
Cash flow shows the total amount of money traveling through a business. Money coming in due to a business' activities, for instance, client portions, government grants and loans, are seen as income. Comprehension and monitoring the two sides is critical to keeping a sound business, and Randall Castillo Ortega, the founder of SME investor RACO [...]
eCommerce consolidated as a complement to international expansion during the pandemic. According to the latest Global Business Pulse report by the professional services firm Grant Thornton, carried out on 400 medium-sized companies with between 50 and 500 employees, 66% of managers recognize that the factor that most limits the international expansion is economic uncertainty. A [...]
There is no absence of subtleties that must be considered as a businessperson. Quite possibly the most significant, however, is getting the bookkeeping action altogether. Following costs, incomes and benefits from the beginning will assist the business with developing further and turn out to be more effective and proficient. While dealing with the books can [...]
If you are thinking about entrepreneurship, but do not understand what it means to do it alone or with partners, there are a lot of things to consider. This is a common question among entrepreneurs, whether you have a startup, a food delivery business from home or you are going to provide a service. Randall [...]
With the passage of time, entrepreneurs will want their startups to grow and become larger companies. However, they may not know how to make this happen. Randall Castillo Ortega is the founder of Central American SME lender RACO Investment and offers the steps you should follow, as well as five growth strategies to scale a [...]
Today, the reputation of a company is more important than ever. In fact, one in three people has turned down a job offer due to the company's bad reputation. If you’ve never wondered how much time you spend cultivating a good reputation for your company that is powerful and ensures you attract and retain top [...]
Nowadays, there are many enterprises that, regardless of the field in which they work, online or offline, need to have on their side a series of tools that allow them to catapult their areas of impact in the market and thus enrich themselves in all aspects. Randall Castillo Ortega, the founder of SME backer RACO [...]
Both the growth and development of the company refer to an evolution by which the company modifies its size or the field of activity in which it operates but are terms that cannot be used as synonyms. Company growth refers to increases in size in variables such as asset volume, production, sales, profits or staff [...]
Networking is a basic concept in today's business and is becoming the first step in developing a company. Networking and partnerships with other companies are very valuable tools for the growth of a business at all times, not just at the beginning. Building a company based on contacts can be a solid business strategy. Randall [...]
