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You’re lucky to have employees who always do their best for the company. They’re not necessarily motivated by cash incentives or promotions. They want to do their jobs well and learn from the process. You should take good care of them since they’re an asset to the company. However, you might exhibit behaviors that might
Are you thinking about starting a business? If you do, you might be hesitant for several reasons. You also don’t think you can succeed in achieving your goals. Before changing your mind, here are a few signs telling you that you can be a great business owner. You’re good in handling finances Check how you
As a business leader, you have to be careful with what you tell your employees. They look up to you. They also treat you with respect. Your choice of words can have positive or negative impact to them. These are some of the phrases you should never say. Do what I tell you This phrase
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,