Monthly Archive:: June 2021

How to Help Employees Who are about to Retire

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

Ways to Avoid Toxic Positivity as a Leader

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

Why Outsourcing is Perfect for Startups

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.

Ways to Stay Positive During a Business Crisis

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

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. In accounting,

How to Start Inclusive Hiring Practices

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

How to Live a Balanced Life as an Industry Leader

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