Finance Archive
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
You worked hard to let your business take off. You also invested a lot of money to make things happen. However, there are things beyond your control, including this pandemic. Despite your best efforts, it seems like you can’t sustain the business. If you keep going without the same pre-pandemic profit level, you will lose
Merging your company with another can be a daunting task. It takes time to finish and there might be several bumps along the way. You also have to prepare your employees for this possibility. Not all of them will agree to it, but they don’t have a choice. You should prepare them for what will
You might think that it’s easier to hire people to work for your company because many of them lost their jobs. The truth is that it’s even more challenging to hire someone during this pandemic. These are the reasons why filling out the vacancies might take longer than usual. Some people don’t actively look for
Franchising is an excellent way to start a business. You don’t have to do everything from scratch. The business plan is already there, and there’s a guaranteed market. Some people would say that you’re not only buying a franchise, but the potential customers that come with it. However, like any other business, you have to
Many employees are having a hard time catching up with utility bills and other expenses. Others even lost their jobs due to business closures. If you didn’t retrench most of your employees, you’re doing the right thing. However, they still have to deal with financial issues, and you can lend a hand. Offer loans You
When an employee request for a paid study leave, your immediate reaction is to say no. You don’t want to keep paying someone who doesn’t contribute to the company. Study leave but also take a few years in it would be a wasted opportunity. Before you close your doors, you have to understand that there
It doesn’t feel good when you have an employee who struggles with money. It’s even worse when work is affected as a result. Some employees even have to take a second job at night to make ends meet. As a result, these employees become exhausted in the morning and couldn’t concentrate while working. If you
You might think that there’s no reason to be optimistic about the future of your business considering what happened in 2020. When you started your business plans, you had a lot in mind. Unfortunately, the coronavirus pandemic started, and it threw all your plans away. After a full year of suffering, we are now close
Some companies offer yearend bonuses. It’s an opportunity to show to employees that they’re valued. It’s also a way to help employees stay afloat. Those who live from paycheck to paycheck need this extra cash. Besides, they deserve it because they work hard. The only issue is that you might not be fair in giving