Before explaining staff augmentation, it is important to discuss what business process outsourcing (BPO) is. BPO is essentially an alternative to the conventional hiring process, where instead of initiating the hiring process internally in the business, entrepreneurs opt to contract a third-party BPO service provider to handle the complete hiring process. The service provider presents
Get ready to discover the secrets of financial success and your peace of mind! Do I Need An Accountant for My Small Business? We at Expertise Accelerated always recommend small businesses have an accountant as soon as they can afford one. The benefits of accounting and bookkeeping for small businesses outweigh its price and other
As the old saying goes, “Practice makes perfect.”, this applies doubly so in the post-Covid business landscape. For, moments of learning only come forth in times of adversity, and the business world at large learned a great lesson on the fragility of businesses as of the past few decades, especially the last 4 years, after
Fraud is one of the most heinous offenses that can be done against a business. Unfortunately, there has been an uptick in the amount of malicious fraudulent actors in the business landscape in the past two years. As reported by PwC in their Global Economic Crime and Fraud Survey 2022, 51% of surveyed organizations have
Artificial Intelligence (AI) has taken the world by storm with the advent of ChatGPT at the tail-end of 2022. However, while AI has been around for a very long time and is part and parcel of our daily lives in all sorts of ways, the mainstream consciousness toward the true potential of AI has only
Absolutely, landing a job at one of the Big Four accounting firms is often seen as a significant achievement in the field of accounting. It’s like reaching the top of the mountain for many accounting students, and understandably so. These firms—PwC, Deloitte, EY, and KPMG—have established themselves as leaders in the financial world, offering unparalleled
E-commerce has revolutionized how we do business; and for better or worse, it’s here to stay. As reported by Entrepreneur.com, being one of the fastest-growing industries in the world today, E-commerce has garnered quite a reputation for itself as an industry with a shallow bar for entry while offering substantial profit potential. Today, all you
Diversification is key to success. This principle applies not only to your product portfolio, but also to your income streams. Diversifying your income can help to mitigate risks and provide stability, which is especially important in the constantly changing world of business. Income diversification is especially important in today’s recessionary environment. Recessions can lead to
Forecasting, demand planning, supply planning, execution – sounds like a perfectly planned heist, right? Well, in the business world, it’s not about stealing but rather satisfying your customers’ cravings. And just like any successful heist, a comprehensive demand and supply planning guide is necessary to pull it off. So, let’s put on our black turtlenecks,
Entrepreneurs beware! While outsourced accounting may seem like the ultimate solution to all your accounting woes, it is not without its share of risks and dangers. Outsourced accounting has become one of the most coveted alternatives to an in-house accountant in the US. According to a 2019 report by Clutch, 37% of small businesses in