No matter how large or successful a business might be, as the recent collapse of the US division of the retailer Toys ‘R’ Us shows, there’s no such thing as a failsafe company. And, when the worst does happen, no matter how many reassurances there … [Read more...] about What Happens to Employees if Your Company Goes Bankrupt?
Business Planning
Best Practices for Inventory Management
6 Best Practices for Inventory Management Did you know that 46 percent of small-medium enterprises still use the pen-and-paper method to track inventory? This is fine if you only carry less than 10 items to track with no raw materials involved. Can … [Read more...] about Best Practices for Inventory Management
Business Meetings: The Dos and Don’ts
Love them or loathe them, business meetings play a big part in our day to day working lives. From the weekly team briefing to the all-important first meeting with a new client, there are certain rules of thumb which can make these events … [Read more...] about Business Meetings: The Dos and Don’ts
Dos and don’ts for succession planning
In a fast-paced corporate environment, the old guards must change gradually. Old guards need to transition the baton the new ones. An ideal succession plan enables a smooth transition that is devoid of any operational hazards. When planned well in … [Read more...] about Dos and don’ts for succession planning
How to Ensure Customer Safety at Your Business
Customer safety is a priority when you work in the service industry. Even the smallest thing can pose a safety hazard. This puts your business and livelihood at risk. Here are some ways to ensure customer safety at your business. Remove Slip and … [Read more...] about How to Ensure Customer Safety at Your Business
The Pro’s of Letting Another Business Merge with Yours
Business mergers are not necessarily “the strong overtake the weak” transactions. In fact, a merger is beneficial to both parties. Companies offer viable business processes to make a merger work. A merger’s drawbacks are takes on debt, poor staff … [Read more...] about The Pro’s of Letting Another Business Merge with Yours
Raising the Bar: 5 Ways to Move Your Business up the Corporate Ranks
Not all small businesses stay small businesses. In fact, some of the largest businesses in the world started very tiny. Steve Jobs, for example, started Apple by selling computers he assembled in his own garage. McDonald’s, Walmart and many others … [Read more...] about Raising the Bar: 5 Ways to Move Your Business up the Corporate Ranks
Business Intelligence: How to Get the Information You Need to Succeed
Gathering the statics about your business is one way to determine the direction of your company. There are so many different metrics that you can look at to determine the future of your business. You need to have a plan in place in order to get some … [Read more...] about Business Intelligence: How to Get the Information You Need to Succeed
Cover Your Assets: 4 Fiscal Financial Tips that will Protect Your Business
Businesses these days face a lot of threats. This includes threats from stiff competition in competitive markets. It includes the threat of something going wrong with your product and harming your customer. It includes threats posed by hackers and … [Read more...] about Cover Your Assets: 4 Fiscal Financial Tips that will Protect Your Business
Destination Unknown: How to Decide on the Right Career Path
Choosing a career path is arguably the largest decision most people will make in their lives. As such, it’s important to get that decision right. Choosing the right career will make your life easier and give you a better chance at being both … [Read more...] about Destination Unknown: How to Decide on the Right Career Path