A workplace accident is certainly one of the biggest challenges that businesses could face. Having someone injured within your business premises or workspace can cause disruptions in your operations, meaning you can lose a great deal of valuable time. Not only that, but you are also likely to pay for worker’s compensation, which can surely
The pandemic taught a valuable lesson as many businesses closed following the shelter-at-home directives by the authorities. While the health crisis was unprecedented, companies should have contingencies in place in case something similar happens in the future. Aside from a health crisis, businesses should also prepare for other types of emergencies. Preparation reduces the effects
The Pareto principle tells us that doing a few things well can bring success in the bulk of your results. But in leadership terms, what if the few exceptions could be critical people management situations gone wrong, leading to unexpected misfortune? Your company handbook probably covers what to do when the code of conduct is
How your products and services are sold relies on your marketing. With proper promotion, you can get your target audience to notice your brand and even have the chance to widen your reach. Choosing the right promotional tactics, what mediums to use, and how you communicate with your target market are meticulous processes, which, when
James Madison, one of America’s founding fathers and the 4th President country, may have said it best. If men were angels, we would need no laws. And it speaks a lot of truth. Who would need to put people in line if they follow the rules? Of course, that’s all wishful thinking. Not only are
They say that bad publicity is still publicity. However, in the time of social media, where every mistake is blown up and immortalized for everyone to see, is there a silver lining in being embroiled in a very public scandal? What It Means to be Cancelled Brands should pay attention to “cancel culture,” a concept
The success of small businesses typically depends on the productivity of their employees. When the employees are productive, the business can thrive and grow. To ensure this, the business should focus on making its employees happy since it will result in better productivity for the business. Better productivity is important for the business to avoid
While it may take some time to see profits for your company, it is very gratifying to see the positive numbers on your balance sheet. Now the big question that every entrepreneur has to answer comes up: what to do with it? While it is nice to celebrate a bit, spending it all on that
Becoming an adult can be so tricky. You will have a lot of responsibilities right off the bat. Despite your parents’ efforts to prepare you for your adulthood journey, you will still experience many unexpected challenges that you might have to solve by yourself. Fortunately, you can create stability for your life to help you
Every entrepreneur or business owner would agree that finance is among the toughest element of starting a business. From getting the capital you need to sustain the business needs, every phase is crucial for shaping its financial future. If you’re looking to self-fund your very first business, you have the freedom to leverage your financial