5 Challenges In Running A Family Business: How To Deal With Those

Family businesses typically achieve more success than non-family businesses. However, that doesn’t mean that it’s all smooth sailing for every family business. Apart from business-related challenges, families also have to keep their interpersonal relationships healthy. After all, a family whose members are in discord can very rarely succeed as a collective that runs a business.

Family business owners

In this blog, we will take a look at five of the biggest challenges that family businesses may encounter. We will also discuss the steps that families can take to overcome these challenges and keep their respective businesses heading in the right direction. So, without further ado, let’s get started.…

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Spouse as a Business Partner: Pros and Cons

Owning a business with someone else comes with its own set of advantages as well as challenges. When the business partner in question is your spouse, the list of pros and cons does indeed shift and change a little.

Couple as restaurant owners

While some believe mixing business with pleasure isn’t the best idea, others feel they wouldn’t trust anyone more than their life partner. If you’re planning to start a business with your spouse, you should definitely look into the positives and negatives of it all before making a decision.

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Customer Incentives That Quickly Build Revenue

Quickly building revenue is integral to many businesses, but often it can be a minefield navigating the different options available to you. Should I be focusing on my existing customers or reaching out to new customers, potentially in new markets, to build this additional revenue?

Talking with a customer via life streaming

Well the research suggests that focusing on existing customers can often be the quickest way to add revenue because you save on all those extra marketing costs and are less likely to alienate existing customers as you will be able to expend more time on them.

Here we will take a look at how you can focus on your existing customers to provide them incentives which will lead to increased revenue.…

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Tips For Properly Investing In Trying Times

With the worldwide economy coming to a screeching halt from the COVID19 pandemic many investors have seen major red in their portfolios.

FInancial crisis due to the pandemic

These times are never comfortable but when it comes to investing you should never use emotions and panic. Instead, there could be a major opportunity to review your portfolio, weather the storm and possibly even make more money from this. This does not necessarily mean that you have to make a big overhaul of your investment portfolios, however, you should probably make sensible and incremental changes to add some strength to it.

With the unique and unprecedented situation of this global health pandemic, it is expected that the economy will bounce back to the level that it once was and even stronger as long as the health issue is solved.…

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5 Alternative Sources of Cash to Support Your Business in a Crisis

If your business is currently experiencing a rough patch, be it due to falling revenues or unexpected bills, adaptability is key to survival. Even if it’s is currently booming, it pays to know exactly where you can turn if times should get tough. A sudden downturn or misstep can be enough to wipe out a business permanently, even if the cause of the problem is only temporary.

 

Business financing alternatives

Source: Pixabay

That’s why it is crucial that you are able to readily raise funds in an emergency situation, should it become necessary. Read on to find out the top five alternative sources of fast cash for when your business hits a stumbling block.…

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Reasons Entrepreneurs Need to Consider Psychotherapy

Being an entrepreneur is definitely not an easy job. Opening your own business comes with its fair share of risks and uncertainties. Regardless of whether you’ve had your business for a while now or are just starting out with something of your own, the journey can indeed be daunting.

Entrepreneur consulting with a psychotherapy

Amidst all the planning, sleepless nights, financial investments, and overall stress, it’s very easy to lose your mental sanity in the process. That’s why you need fellow entrepreneurs to create a support system. But what if you’re overwhelmed and want to deal with this with a specialist?

Enter psychotherapy. It serves as a good and healthy route for every entrepreneur out there.…

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Resources for Struggling Businesses During COVID-19

COVID-19 has severely impacted the way that everyone goes about their lives. Most are forced to stay at home, yourself likely included.

Work from home

This means that many businesses are currently closed or working at a significantly reduced capacity. Unsurprisingly, this is resulting in losses across the board as businesses struggle to keep up with their expenses while having their income handicapped.

In particular, small businesses tend to be hit the hardest. Small businesses have less flexibility to handle a disaster like a pandemic, so their losses tend to be more impactful.

Business insurance may cover coronavirus losses, but this is not guaranteed relief and you may not even have a policy.…

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Necessary Tips For Making Money Online

If you are new to e-commerce or making money online then it can be tricky to know the best ways to quickly gain capital in the online world. Fortunately for you, this article can help point you in the right direction. There will be several proven strategies that will help you make money online regardless of the available capital or resources that you currently have. You do not have to guess and waste time and money.

Growing an online business

Use this guide to point you in the right direction and give you some concrete starting points to incorporate into your online money making strategy

Start a Business

If you are the entrepreneurial type, then an amazing way to make money online is to start your own online business.…

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Premarital Counseling: Why Startup Couples Need This

Marrying the person of our dreams is something we all hope for. If that person also happens to be the co-founder of your business, happiness only doubles up. When you go into business with another person, you can only pray for it to be a harmonious, smooth-sailing journey. Partnering up with your spouse, on the other hand, is a whole different scenario.

Premarital counseling

Some might argue that couples working together isn’t the best plan, but there are many who think otherwise. After all, who else can you trust more than your better half? However, every coin has two sides, and in addition to advantages, there are certain disadvantages of being married to your co-founder as well.…

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6 Convincing Reasons Why You Should Start A Podcast

In a world of virtual information and interconnectedness, modern podcasts can be considered the successors of the radio. The main reason why podcasts are growing so popular these days pertains to their wide availability and vast potential for audience outreach. Now, if you’re tech-inclined, are a natural entertainer and communicator, and have a passion for transmitting knowledge, starting a podcast can be an exciting and very lucrative enterprise.

Podcasting

In that spirit, here are 6 compelling reasons why you could find success as a podcast host, along with some helpful tips to help you get there and make a genuine impact.…

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