A lot of people have several misconceptions about online businesses and managing them. Just because it seems relatively easy to do doesn’t mean it’s all daisies and roses for online business owners. On the other hand, it isn’t as hard as some think. It is because of this lack of clarity that many people made
Since the pandemic has changed our lives, businesses and their employees have shifted to remote work. But as we move forward and try to recover, does this shift herald a permanent change? Are employers better off canceling their leases for commercial space and going all-in on the virtual route? Or is there a better alternative
An office library provides a space for employees to de-stress in the middle of a busy workday. They can spend their midday break in the room, reading up on business management and leadership skills. They can go over the day’s newspaper edition. Or they can choose to read about something unrelated to work. A break
Online technologies are now reshaping the way leadership and management are practiced in many organizations. Leaders are adapting to technology and leverage these innovations to increase their time efficiency and productivity. Last March 2020, world leaders logged to participate in the G20 Conference to discuss cooperation in addressing the COVID-19 pandemic. Among other items of
The last two quarters of the year are an excellent time to evaluate your business. In these trying times, even the smallest decrease in expenses can impact your organization’s profitability. Take a step back to identify areas where you can save money and increase revenue. Most of the time, significant changes are not necessary. There
When you are at the lowest point in your financial situation and you see no way out, filing for bankruptcy might be your safest option. Bankruptcy allows you to discharge or pay off your debts, depending on which bankruptcy option you choose. Filing for bankruptcy can be scary and stressful, but it doesn’t have to
When you run a small business, having a separate credit card for your business transactions can be extremely useful. However, there are certain expenses that you should never put on your business credit card. You have to be careful with your business credit card just as you are with your card. Business credit cards can help you
Because of the growing concern regarding climate change, consumers make it a point to build awareness and do their part by patronizing sustainable brands. A survey by Accenture found that 37% of consumers would consider the product’s impact on the environment prior to purchase. Comparing their consumption habits from five years ago, 72% of respondents
Marketing strategies, quality control, operation policies, accountancy services, organizational structure — these are some of the most common things business owners focus on to grow their businesses. Many don’t know it, but the secret to succeeding in your field is right there in plain sight. It’s keeping your employees happy. Employees are the lifeblood of a
Starting and running a company comes with lots of challenging tasks. There’s the never-ending competition to beat and the various decisions to make. There are also risks to take and manage. But among the most difficult things, business owners need to face when managing any business type are the many financial challenges of running a