You might not know it, but business risk management is a common practice among entrepreneurs. After all, risk, whether internal or external, is an inherent attribute of any organization, regardless of its size, offerings, industry, location, and so on. It spares no business owners; hence, it is essential to be completely prepared to deal with unforeseen challenges. … Read more
Thanks to the vaccine roll-out, the country seems to be slowly opening up again. People are slowly and cautiously spending more time outside their homes. That could be good news for businesses like yours. But if you’re thinking that things are going back to pre-COVID normal, then you might be a bit too naive. The … Read more
Even the smallest business case can tarnish reputations, damage relationships, and eat up a lot of time. There are many ways you can go about resolving such disputes, but litigation is the most effective. If you want to solve a case outside court, both parties have to be present and willing, which is not always … Read more
In a sense, business is like water. If you block its path, somehow, it’s going to find a way. That is what happened to businesses all over America. As the virus pounded the most powerful nation, digital adaption became the hero of the day. Indeed, COVID-19 accelerated the rise of the digital economy. Small wonder those … Read more
The construction industry shows no signs of slowing down. Houses are still being built, commercial complexes renovated, and architectural wonders brought to life. One would assume the high demand for tradespeople would give everyone enough clients to get by, but the truth is, the competition continues to get stiffer. If you cannot grow your business … Read more
Hiring the best candidates is necessary for the growth of every business. The recruitment process basically involves shortlisting, choosing, and getting in touch with qualified talent for employment. It’s imperative for any organization to have an effective hiring procedure, not just to quickly get done with the hires, but also to reduce the costs. A … Read more
If you want your business to succeed, you have to sell the right products and services that your customers need. However, knowing what your customers need right now is the easy part. It is more beneficial for the business to figure out what your customers need before they even realize it. It has never been an … Read more
Company culture is commonly viewed as an organization’s set of values and beliefs. The way managers treat their employees is based on it, so if an employee thinks the culture is toxic, they’d likely leave within a year or so. On the contrary, if an employee thrives in a company’s culture, their enthusiasm for their … Read more
Without a doubt, we look up to entrepreneurs who made it. The exploits of Bill Gates, Jeff Bezos, and Elon Musk elate us like no other. What we fail to realize is for every successful entrepreneur, thousands more have failed. Indeed, life as a business owner is never a walk in the park. Bureau of … Read more
Now that most businesses and ventures are integrated into the internet in whatever manner or form, business owners are starting to formulate the proper ethics concerning business and internet use. E-commerce might not be a foreign concept to many people, but its marriage to business sales is entirely new to this decade. As most old … Read more