Finance Archive
Deciding whom to partner with in running a business isn’t easy. You have to be careful in selecting a business partner or things will fail. Worse, it can end relationships. It’s probably why it is advised not to partner with a family member. You don’t want your relationship to be in jeopardy because of the
It’s quite unfortunate that not all companies offer maternity leave. Some women have to get back to work immediately or risk losing more potential income. Even if they’re not yet physically capable of going back to work, they have no choice. As a business leader, you should change this policy. Offer a paid maternity leave
Guiding a company during uncertain times can be challenging. When the economy isn’t moving in the right direction, you won’t know how to move things forward. You worry that your incorrect decision can lead to the company’s failure. These tips will help you get through your worries. Embrace uncertainty The first step is to change
No one can tell when a recession will hit. Experts can make projections, but there’s no guarantee they will be right. They can only analyze models and statistics. Several factors also contribute to an expedited recession. When it happens, people’s lives are on the line. Jobs could be lost and businesses might have to close.
Running a family business is common. When people aspire to have a business, they start by asking for help from family members. The only problem is that family issues might also affect business operations. If you want to succeed in running a family company minus the drama, these tips will help. Always be objective Make
Not all businesses becomes successful. Some fold in just a few years. Therefore, seeing companies that have been around for generations is fascinating. If you’re an entrepreneur, you can learn a lot from these businesses that you can apply to yours. Here’s some of them. Ensure a common vision in the family Businesses that last
Running a business always comes with a risk. Expanding it is even riskier. It’s not a decision you must take lightly. You worry that your investment won’t return. You also fear that the brand you’ve already established will be tarnished because of your decision to expand. Before closing your doors, realize that it might bear
It’s common for people to rise towards the top of the corporate ladder by working hard and proving their worth. Others are happy to be where they are, while some people strive to reach the pinnacle of success. Some employees who have been with the company for years might even end up sitting on the
You don’t have to rely on your full-time job alone to make money. There are passive income opportunities you can take advantage of. Your savings will grow even without doing much. Here are some options to consider. Affiliate marketing You might not get much from affiliate marketing, but it’s a choice worth the try. You
Companies may merge if one has no chance of surviving or if both companies will benefit from the process. It’s not an easy decision, especially if both companies already have an established name. If given the chance to lead the merger, it can be challenging. Here’s what you should do to ensure both companies survive.