Archives
Business Insights
-
Enterprise Skills: What Are They and Do You Have Them?
Enterprise skills are sought after by employers and yet many candidates overlook their importance and fail to talk about them during their job interviews. What does enterprising mean? The definition of enterprising is “having or showing initiative and resourcefulness”. It’s all about being able to spot opportunities and then make the most of them. Any…
-
What is a Profit Share Scheme and Why it is Better than Commission?
Depending on your line of work, your salary may be supplemented by commission, an added monetary bonus that is paid to you based and dependent on your performance for that month, trading period or quarter. This is particularly common within sales-focused roles, meaning that tough targets and focus on selling are key to ensure earning…
-
Business Terminology: Key Terms and Definitions You Need to Know
Gross profit, margin, markup, net profit, overheads, revenue, turnover. There’s a lot of business terminology that we regularly hear, but aren’t always sure what they refer to. Many people confuse gross and net profit and other business terms, but it’s important to know exactly what you’re talking about especially when it comes to interviews. If…
-
Working for a Large Company vs. Working for a Small Company: The Pros and Cons
When you’re planning your next career move, there are lots of things you need to weigh up: the industry, your salary expectations, what role you want and, of course, the type of company you’d like to work for. Deciding whether or not a company is right for you may involve more aspects than you think…
-
What is a Profit Share Scheme and Why is it Better than Commission?
Many businesses are now opting for a profit share scheme in place of the traditional commission structure. What is a profit share scheme? A profit share scheme is when the profit a business achieves is allocated amongst its employees and paid as one lump sum, commonly on an annual basis. How much an employee will receive…