POST CATEGORY : Management

5 Potential Business Threats About Which You Should Know

If you’re running a business, you know that it’s seldom easy. Virtually every day, you have to deal with various challenges, and there seem to be more of them than ever this year. The pandemic has thrown many different industries into chaos, and companies big and small are adjusting their strategies to stay afloat.

Analyzing small business problems

Let’s take a little time to talk about a few of the most prominent business threats that you might encounter this year. We’ll also discuss how you can combat them.

Vendor Risks

If we’re talking about your business’s computer network, your vendors are the entities you use as:

  • Service providers
  • IT suppliers

You can research them before you reach out to them, and that’s certainly something you should always do.…

Continue reading →

Ways to Motivate Employees

Motivating employees can sometimes be a difficult task. There are many reasons why staff may be feeling demotivated in their current employment. This may be due to staff turnover, a change in the methods of working, a change in management systems, or even due to pay cuts from a lack of funds. Instead of simply shrugging this off and repeatedly looking for new staff, it can be more beneficial to motivate your employees and retain their loyalty.

Business leader motivating employees

You might do this in a number of ways, such as using benefits, a reward system, or implementing an EMI scheme for businesses.…

Continue reading →

Examining Your Culture: Do You Live in a Glass House?

Those who live in glass houses shouldn’t throw stones. This, of course, is an old proverb, but it applies to businesses who may be criticizing other companies’ cultures right now. Simply put, you shouldn’t condemn others who might have similar flaws to your own.

Company culture

After all, company cultures are tricky. They are living, breathing things — the byproduct of careful gardening and tedious attention to detail. Pointing out the shortcomings of another company is more than a bad look; it’s often hypocritical. Before you start pontificating about your superior company culture, you may want to look in a mirror.

A recent survey of 1,000 professionals by TopResume found that 68% of workers have thought about leaving their companies because of the poor treatment they’ve received during the coronavirus pandemic.…

Continue reading →

How to Encourage Employees Back to the Office

The lockdown has been lifted for a few months now, and the country has, by-and-large, reopened for business. But while many of the country’s office workers might have the facility to work from home, the same isn’t true of everyone. Moreover, those that do work from home might need to occasionally pay a visit to the business’s premises, whether to collect paperwork, or for a face-to-face chat.

New normal workplace

Of course, workers are rightly concerned about the health risks of doing so. Simply forcing them to come back is going to generate resentment and ill-feeling. Few workers are going to work harder for a boss who doesn’t take their safety seriously.…

Continue reading →

5 Ways to Gain Business Experience

If you’re interested in a career in business but don’t know where to start, there are plenty of ways to get experience. Business is all around us and can be found in places you wouldn’t expect. While some people take a linear approach to the world of business and study it academically, others prefer a practical, hands on approach. This is the glory of the business world. There’s no right or wrong.

Business startup mentor

So, here are 5 ways to gain business experience.

1. Community involvement

Many communities in the states rely on a board of people to keep the community running smoothly and deal with any issues.…

Continue reading →

‘New Normal’ Workspace: Why Serviced Offices are The Way to Go

In the last few months, the traditional understanding of workspace and everything related to it has become irrelevant. Facing a massive transformation at such short notice, all businesses have been struggling to adapt to survive, while employees have been struggling to strike a work-life balance with work infiltrating all aspects of life.

New normal office

People anticipate that working-from-home might be the ‘New Normal’.

The fact that we have worked for several months now, in the confines of our house and observed working hours and attended meetings is definitely a remarkable feat. Despite the inconveniences that probably still persist, working from home has revealed a few things about the way we perceive work.…

Continue reading →

4 Questions Beginners Ask About International Shipping

Now that everything’s available online, it’s easy to see why eCommerce businesses are doing so well. Add the fact that it’s safer to buy items online and have them shipped right in front of your doorstep instead of having to go out and buy them yourselves.

International shipping

Having items shipped at home is safer and more convenient for everyone. But shipping products, especially internationally, can be expensive. That’s why you should explore your shipping options.

Aside from choosing a courier that can significantly lower shipping costs to attract more customers, you also have to consider their reliability and service. Although the time it takes for your items to be shipped to your customers isn’t completely within your control, it will still reflect on your customer ratings.…

Continue reading →

How to Help Your Workers with Managing Pandemic-related Worries

The current pandemic is scary. No matter how brazen we feel, the world has changed and a lot of people may feel isolated and alienated as a result. They don’t want to get ill. Therefore, they may try to get through it on their own without the assistance of anyone else.

Pandemic stress

photo credit: Pixabay

The problem is, that sort of method can really eat away and leave you feeling alone and unhappy. That’s why if you are the owner of a business, it is more important than ever to check in with how your employees are feeling about the current pandemic.…

Continue reading →

5 Best Business Brokers for Selling My Business

Building a business is a lot of hard work. Building an extremely successful business means you’ve consistently worked hard to grow and evolve your business. Now, it’s time to sell. The best way to have a great selling experience is to use a high ticket business broker.

Business broker meeting

Business brokers usually specialize in the revenue bracket they work in, ensuring you are getting a broker who is comfortable selling such a high grossing company. Additionally, you want to make sure that the person you are working with has a network of qualified buyers ready to buy a high ticket business. If you use someone without this network, it can take a lot longer to sell the business.…

Continue reading →

Take your inventory and logistics management to the next level with an impact recorder

A savvy business owner is always looking for ways to save money, cut costs and protect their own inventory while simultaneously ensuring they take care of the customer. One major pain point along that journey is damaged inventory, equipment or supplies. A solution to the problem of protecting your assets is necessary both for loss prevention and saving money.

Inventory and logistics management

A superb way to take up a defensive position in your own inventory and logistics management is to use an impact recorder to keep an eye on what’s happening with your equipment, measuring and preventing damage in the process.

What is an impact recorder?

…Continue reading →