POST CATEGORY : Management

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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For Small Businesses, Growth Must be Strategic

Every small business owner is interested in growth, yet few ever scale up in significant ways. Why is this? And what can you do to make sure your business scales with greater efficiency?

Growth strategic meeting

4 Smart Small Biz Growth Tips

You can always point to a few specific factors that set high growth small businesses apart from the average ones. One of them is mindset.

Successful small business owners aren’t content with holding the proverbial rope and bringing in solid yet predictable revenue year after year. They want more. And they realize that the only way to experience true growth and scalability is to go out and chase it down.…

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Reasons Why You Need To Ask For A Performance Bond From Contractors

It would be beneficial to have performance bonds from contractors. But, first things first; performance bonds are legally binding contracts that involve three parties. They are issued to ensure that one of the parties complies with the terms mentioned in the contract. The three parties involved are the Obligee, who benefits from the performance bond, the Obligor who is generally the contractor obligated to perform according to the contract, and the Surety Agency which produces the bond and makes it official.

Question asked to contractor about performance bonds

There are several different reasons why you should ask contractors for a performance bond and the reasons are solely based on guaranteeing performance in all its aspects (hence, the name performance bond).…

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7 Undebatable Reasons Why Team Building Is Important In The Workplace

One of the best things you can do for your company is to provide quality time for your employees to mix work and play. When you mention team building to a group of employees, you would usually notice a beam of excitement among them. It is one of the key elements that spur growth and color into a group of people that is why much importance is given to it. If you are looking for corporate venue hire in Sydney, you can check them up.

Team building event

In most cases, team buildings can be held at least once a year. There are proven and undebatable reasons why team building is given great importance in the workplace.…

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Tips To Get Better At Being Your Own Boss

The nature of modern employment is at a crossroads and many people are now choosing to become their own boss, or they find themselves in a situation where they need to become their own boss due to changing circumstances. It could be due to wanting more personal freedom, or it could be as a result of being furloughed during the quarantine period. Whatever your circumstances it is vital that you understand the realities of working for yourself.

Small business owner using productivity apps

Here we are going to take a look at how to get better at being your own boss and what the fundamentals are.

Set Clear Goals

To succeed in any form of business whether employed or self-employed it is vital that you set clear goals and understand exactly where you want to take your business.…

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How to Leverage Local Resources to Win in Business

In business, you need to be able to use every resource to your advantage if you don’t want to be one of the many businesses that fail each year. And while the right general strategy will go a long way, the minute factors that come from where you live, where you are based, and the local demographics and interests will make all the difference as to whether your business succeeds or fails.

Thriving local store

Whether this means getting a better online presence, being able to understand and know other local businesses better, or get a better idea as to the demands of the local market, leveraging local resources is an important project too many entrepreneurs ignore.…

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How Zoom Meeting Helped Italy During The Lockdown

The effect of the pandemic in Italy has been grave and the lockdown has created a disruption in the everyday life of its people. People are suddenly confined to their own homes, not being able to go out to work or socialize. It is during these desperate times that Zoom has been able to create a virtual environment that has helped the people of Italy in a lot of ways.

Work during COVID-19 lockdown

Getting In Touch with Family and Friends

One of the biggest impacts of the lockdown is getting isolated from friends and family, especially those who are living far apart. This has become a challenge for their family life since Italians are known to have close-knitted family relationships.…

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Three Benefits of Investing In Your Employees Through Leadership Training

This is certainly a scary time. Businesses across the country are hemorrhaging customers and clients due to the coronavirus pandemic. It’s tempting to tighten the corporate belt and find ways to save money — perhaps by laying off workers, outsourcing some departments, or even downsizing to a smaller location.

Leadership training audience

However, as the old saying goes, sometimes you have to spend money to make money. The fact that business might be slow right now means it’s an ideal opportunity to invest in your employees by providing them with leadership training. By doing so, you will also be making an investment in the future of your company.…

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5 Tips for Surviving as a Freelancer During the COVID Pandemic

It is obvious that the world has come to a standstill due to the spread of COVID-19. Every country is combating this viral outbreak the best way they can. Governments all around the world are looking for ways to help every single citizen.

The sick receive the needed treatment, and the healthy receive instructions on how to properly isolate themselves.

But, what happens to employees and businesses? Fortunately, there are various policies being implemented that are meant to provide aid to both the employees and businesses.

Freelancing

Image by Markus Spiske from Pixabay

However, what’s in it for freelancers? Freelancers are major contributors to the economy.…

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The Four Biggest Risks Your Company Needs To Prepare For

If you are in charge of any part of a business, then you know how important it is to understand risk. If the world had no risk, there would be very little reward. Your company has to put something out there, understanding that things may not go as planned. This unknown void is represented by risk. And the better you prepare for threats, the more you will mitigate them.

Business risk management

So specifically, what are four risks that should be on your mind as a business owner or operator? A big one that people are not prepared very well for yet includes cyber threats.…

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