Business Practices

There is, perhaps, nothing more critical in a business than to develop good relationships with its suppliers. The supplier-client relationship is actually way more important than any other type of relationship within a business structure. But with the pandemic plummeting economies and disrupting every imaginable aspect of the supply chain, it is now more challenging

In today’s job market, the key to attracting and maintaining the most talented individuals is providing generous employee perks or benefits aside from a competitive wage. That’s because workers are more likely to choose extra perks over pay rises at any time. Company perks remain a significant opportunity for most businesses that aren’t taking advantage

Most of the millennials we knew decades ago were mostly young care-free teenagers and children who were still learning at school. But now that most millennials are working professionals, they’ll need to be self-sufficient and independent. Since many young adults are already saving up for their future marriage and family, most are already looking for their

The global beauty industry has taken a big hit during the beginning of the pandemic. Many beauty retail stores have closed, and revenues have been low. However, this industry that has been earning $500 billion every year is bouncing back at the start of 2021. The shift from production to items that can help people combat the

When the pandemic started around a year ago, businesses that didn’t have an online presence quickly set up a website and social media pages. While this was a good move on their part, the companies still faced the daunting task of competing against competitors that already had years of online presence under their belt. Even though

Setting your own deadlines, not having to answer to anyone except for yourself, and having your own space to think up ideas to make progress better sounds like such a dream. To a person tied to a corporate job to make ends meet, being the spearhead of a company doesn’t seem feasible even if the

Data shows that 70 percent of family businesses end their triumphant run even before the second generation assumes control over the enterprise. That is an unfortunate and overwhelming figure, especially if you are managing a family business yourself. That number is even worse to hear if you plan to turn your business venture into a personal legacy

Ideally, businesses have an employment law attorney on a retainer basis. Remember that laws govern the operation of a business, and if you fail to comply with these regulations, you are susceptible to facing legal charges. Should that happen, you need an expert to offer you guidance throughout the process. One way businesses get in trouble, with