As a business owner, your priority is to ensure that the business keeps running and making profits. The problem is that you can’t do well recently due to the closure orders. In some industries, businesses don’t even earn anything. Owners have no choice but to file for a bankruptcy or lay employees off. It’s a
Despite months of battling the coronavirus, it has only grown worse. It’s already spread around the world, and several countries are still dealing with it. Apart from a massive health crisis, it also leads to economic crisis. Businesses were forced to close since there’s a need to avoid mass gathering in closed spaces. Some offices
When several businesses are barely breathing because of this pandemic, it’s surprising to see that others are thriving. You might wonder why these companies can keep up with this challenge even if it’s something new for everyone. These are the reasons why some of these businesses managed to survive, and are even expanding despite this
It’s unfortunate to see several businesses filing for a bankruptcy amid the pandemic. It was difficult for them to survive given the current conditions. They have no other choice but to either close some of their stores or completely file for a bankruptcy. If you’re a business owner, you’re afraid that you will reach the
At some point in your life, you might want to work without an employer. It’s a career path thousands of people around the world decided to take. In doing so, you can determine what’s in your best interest. You also take control of your time and focus on personal goals. The best way to transition
Most people would discourage you from starting a business later in life. You’re already getting older, and you need to relax. You have already done your share in working hard, and it’s time that you enjoy. Besides, if you’re already aging and you invested your money in a business, it might take time before seeing
Debts can either be good or bad. Business loans are considered good debts if you are using the funds to start up a new venture, replenish your cash flow, stock up on inventory, or to keep your existing one afloat. If you need to secure a business loan, first there are some things you need
It’s painful to hear that your employees think your inaccessible. It feels like you don’t care about them. Before you react, you have to evaluate your performance first. The feedback might be correct, and you’re just not aware of it. These tips will allow you to be more accessible to the employees and improve your
Managing a team isn’t easy. It requires different skills to succeed as a leader. If there are issues on top, it could affect everyone else. Therefore, you need to pay attention not only on the performances of regular employees, but of people assigned to lead the teams. At some point, you have to consider changes
When you decided to start a small business, you created a timeline that allows you to operate everything smoothly. However, things might not go as planned. It’s possible that your company soars to popularity right away. It can be a blessing and a curse. Of course, you’re grateful that people recognized your business and patronized
