Investing 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
The idea of having a new kid on the block can be fear-inducing if you’re running a small business. You worry that your company won’t do well because the competition will take your customers away. There’s always an excellent chance that something new will persuade people to move away from you. Before panicking, realize that
Employees appreciate receiving a pay increase. They work hard to receive an amount they believe they deserve. Therefore, it’s crucial for business owners to be transparent about their pay increase practices. Anyone who receives a salary bump should feel good about it. Even those who didn’t receive such an increase will still feel that the
You need to get a business loan to keep your company rolling. You also need it to turn your vision into a reality. Your current savings might not be enough to start a company. While it seems easy to get a business loan, it’s not. You should know what to do to avoid getting declined.
Not everyone is capable of funding a business. Most people would rather pitch their ideas to potential investors or get a business partner. There are advantages in using these strategies. However, if you decide that you’re going to do things your way and fund your own business, it’s also an excellent idea. Here are the
When you decide to start a business, you understand that things won’t always be favorable. There are instances when the economy gets tough and it adversely affects your company. If you feel worried about it, imagine how your employees feel. They might worry about losing their jobs. They also have difficulty making ends meet. Here’s
Having a vision is necessary to succeed as an entrepreneur. You can’t only rely on what’s in front of you. Sure, things are doing well right now. However, it doesn’t mean everything will stay the same. Unexpected circumstances might happen and your business will start falling apart. Consider the fall of Nokia, once a leader
When you have office interns, their primary goal is to learn the industry. They’re probably on their last year in college or have just recently graduated. They want to know more about the job as they prepare for their respective careers. If you have interns, you’re lucky. They will add to your workforce and some
Upon reaching a certain age, an employee has to retire. After working for the same company for years, it’s time to let go. It’s not easy for them, but it needs to happen. Besides, there’s a new chapter in their lives waiting to happen. As the business leader, it’s your responsibility to provide a good
When there’s a new kid on the block, it’s easy to feel intimidated. You’ve worked hard to build your business from scratch. An upcoming company can reverse everything you’ve done and make you irrelevant. Before you feel that way, realize that competition is normal in any industry. Regardless of your chosen business, you will most