In most companies, the seniority rule is followed. It means that those who have been in the organization for a long time have a greater chance of getting a promotion. If a post opens up, they’re first on the list. However, seniority isn’t necessarily an indicator of good leadership. If someone else is more deserving
There are plenty of benefits in doing a team building activity. You should make it a regular program for your employees. It will benefit them and the company. Cooperation is necessary among people within the organization and doing this activity helps a lot. It could last for just two days, but it can transform how
You must have done the right thing if you successfully sold your business. It shows that you have an excellent idea and a profitable one at that. If it has tremendous potential to even grow, you might find bidders. It’s a challenge to finally close the deal since you might hesitate selling your business. It’s
Success in business doesn’t happen overnight. You have to work hard if you wish to see your business succeed. You also need to change plenty of things about yourself. It’s not enough to have excellent business skills. It takes more than that to do well. Your view of money One of the reasons why aspiring
Businesses try to make changes to keep their doors open. Given what’s going on around the world this year, almost all businesses are doing poorly. Some are affected more than the others. If you’re still thriving and you have to make some changes, you can start by having local suppliers. It’s an excellent way to
It’s an honor to know that someone wants to buy the small business you started. You worked hard to build the company from scratch. To find an interested buyer means that you did something right. It also means that you have a profitable business. The problem is determining what to do next. Should you sell
Every company has a goal. Everyone works to achieve these goals. In fact, you only hire employees who understand the direction where the company is heading, and are a perfect fit. A goal-driven business has huge potential to succeed. The problem is that these goals might not be right in the first place. It could
Several businesses already decided to shut down because of the coronavirus pandemic. The lack of business paved the way for these closures. Companies rely on profits to continue operation. If the amount coming in is close to zero while the operational expenses remain the same, it makes no sense to keep the business going. However,
It’s unfortunate that we still view certain jobs as only for men and others as only for women. At this point in time, we shouldn’t discriminate people anymore based on their gender. Everyone should have an equal chance at a job in any industry. The sad truth is that there are still industries that are
It doesn’t feel good to have your ideas rejected. When you present something and not a lot of people believed in you, it hurts. You will have a hard time accepting the fact that you’re in the minority. It’s even worse if you felt that you did well and your ideas are worth the try.
