Finance Archive
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
Thousands of people lost their lives because of this pandemic. It means that thousands of families are grieving right now. It’s possible that some of them are in your team. Grieving takes time. You can’t expect your employees to excel at work again while grieving the loss of a loved one. As the leader, you
This pandemic has tested several businesses. Some survived, while others didn’t. Most of the companies in the tourism industry failed to cope up due to a virtually inexistent income flow. Others managed to move to a work from home setup and continued the business. If you’re among these companies, you’re lucky. You can keep things
Some companies couldn’t cope up with the problems faced because of this pandemic. As a result, they decided to scale down and retrench some employees. They couldn’t keep everyone in the team since the profits are low and the operating expenses remain the same. It’s the opposite for some companies. Due to this pandemic, the
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
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
It’s terrible to know that thousands of people around the world lost their jobs as a result of the pandemic. Business closures led to the retrenchment of employees. Given the current restrictions, looking for a replacement job is a big challenge. Many people are now relying on government aid, and it’s not a reliable income
When several businesses are barely breathing because of this pandemic, it’s surprising to see that others are thriving. You might wonder why these companies can keep up with this challenge even if it’s something new for everyone. These are the reasons why some of these businesses managed to survive, and are even expanding despite this
It’s unfortunate to see several businesses filing for a bankruptcy amid the pandemic. It was difficult for them to survive given the current conditions. They have no other choice but to either close some of their stores or completely file for a bankruptcy. If you’re a business owner, you’re afraid that you will reach the