Monthly Archive:: June 2021
Many employees are looking forward to retirement day. It’s the day when they don’t have to work anymore. Their lives will change forever, and they can’t wait for it to arrive. While it can be exciting, it also makes many people worry. It’s a new chapter, and it’s normal to feel that way. Here are
When you commence a transaction with potential clients, you hope that things will move in the right direction. However, you also consider the possibility that things will fall apart. Not all deals become successful. However, there are also instances when you face rude clients. While in the middle of the negotiation, you already want to
Being optimistic in life is a good quality. It’s also great to bring optimism to your team as a business leader. However, there’s a possibility that it turns into toxic positivity. It happens when you force optimistic spirit even when it’s inappropriate, or the other person is going through a significant loss. You don’t want
You need to deal with every aspect of your startup before launching it. It’s not enough to have a great business idea. You also need to form a strong team to ensure positive results. The problem is you have limited financial resources. You can’t afford to pay for dozens of employees to do the job.
When you decided to open a business, you knew that it was a gamble. There’s a chance of succeeding, but there’s also a chance of failing. Several factors could affect how things turn out. If everything turned out the way you hoped, you’re lucky. If not, it’s okay. Not all business ventures become successful. There’s
When you decided to open a business, you were very hopeful. You felt like you had the best ideas, and your plans would come to life. Unfortunately, things don’t always go as planned. There are instances when the business isn’t as rosy as you would hope it would be. During a business crisis, you have
Encumbrance accounting is also referred to as commitment accounting, which involves setting aside money ahead of time to meet anticipated expenses. The amount is set aside by recording a reserve for encumbrance account in the general ledger. This is to ensure that the organization has sufficient funds to meet anticipated payment obligations. https://www.bookstime.com/ In accounting,
Being inclusive should be the priority of businesses today. It’s not about being part of the “woke” culture, but a sincere step towards diversity. The company will benefit from a diverse workforce. For instance, when there are more women on the table, it’s easier to understand the target audiences. If the company caters to their
Getting promoted to lead a team can be challenging. However, it’s easier if you already know the people you will work with. If you’re part of the group before becoming a leader, you already know everyone. There will still be adjustments with your new role, but it won’t be too drastic. It’s a different story
Living a balanced life will always be challenging. When you have to work hard to provide for the needs of your family, you end up forgetting yourself. There are days when you no longer eat on time or get enough sleep. It’s even worse if you’re a business leader. People look up to you. There