What Are Bad Debts and How Should You Deal with Them?

Not all debts are equal. Some debt can be good and some can be bad. Think of it outside of the business realm: people get into debt through student loans to attend university. Whilst this debt can lead to financial hardships, it is ultimately “good debt” as the degree means they can work once it’s […]

Mission Statements vs Vision Statements: Everything You Need To Know & Examples

Introduction  Mission statements vs vision statements, what are the differences? Mission and vision statements are important components of a business’s strategic plan as they provide a clear sense of direction and purpose. Whilst both statements are similar and slightly overlap, they are ultimately distinguishable by their aim and purpose for the business. Both mission and […]

What Is Business Process Outsourcing? Everything You Should to Know About BPO.

What Is Business Process Outsourcing (BPO)? Business Process Outsourcing (BPO) refers to the act of a business contracting a business operation via subcontracting these activities to third parties. Business process outsourcing was originally used as a strategy to minimise manufacturing and maintenance costs. Due to globalisation, digitalisation and lower costs, BPO has evolved into a […]