Business Practices

Inventory management is the process of acquiring, storing, and consuming a company’s inventory. This process includes the operation of raw materials, components, and finished products. The warehousing and processing of such items are also included. How does inventory management work? A company’s inventory is precious to its business. In many inventory-intensive industries, finished or completed products

A workplace accident can cost your company a significant amount of time and resources such as medical bills, lost productivity, and employee morale. Workplace accidents cannot be 100% avoided all the time because you cannot 100% control unforeseen events, especially if your company handles dangerous jobs such as construction and production. However, just because accidents

In the first few months of the pandemic, when people were uncertain how long the situation would last, people flocked to groceries and hoarded canned food. People have gotten used to industrially processed foods to prepare for emergencies. However, there are healthier alternatives to make food last longer. Back when there were no refrigerators, coolers,

Remote work is the new normal nowadays as we deal with the pandemic. Even your kid’s piano lessons are being done over the internet. While you may think that your remote work setup is fine, the truth is that a lot of remote workers are not getting the most from their situations. For example, they might have

The world-changing events that happened this year posed new challenges to opening a business. It had achieved what years of business analyses had failed to predict and even avert. For one, the pandemic showed that large physical offices are not necessary for a business to operate efficiently. Second, it highlighted a lot of commodities that

Are you planning to switch to remote work? Or maybe you already started working remotely as part of your company’s attempt to keep their employees safe? You may be excited at first knowing you can now spend more time at home instead of increasing your risk of exposure by working outdoors. But what many remote

According to the Chamber of Commerce, did you know that as of 2018, over 30.2 million small businesses are operating in the United States? Only 80% of these small businesses survive during their first year. By the time they reach the end of their second year, only 70% of these businesses survive. The number continues to

It’s not a stretch to say that the coronavirus pandemic drastically changed the business landscape and these changes will persist for a long time. Some of the things that have changed are the way you market your goods and services as well as how to engage customers with your business. With the pandemic instilling the

Small business owners may be tempted to use their own bank account to manage their business’ finances, but things can get complicated once the business starts earning excess capital. In this case, it’s necessary to open a business savings account. Here’s everything there is to know about them. What is a business savings account? A

Remote worker. Home-based employee. Outsourced contractor. Call it what you want, the common denominator these workers have is that they are not required to report to your physical office. The COVID-19 pandemic and its resulting lockdowns pushed many businesses to embrace this dynamic, prompting many experts to believe that this is the future of work.