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.
COVID-19 continues to threaten businesses all over the world. Although many would prefer to stay at home, some jobs just cannot be done remotely. Some companies need to continue operations or risk shutting down and firing their staff. Small businesses and startups are especially vulnerable to this scenario. Aside from the practices suggested by the
The COVID-19 pandemic has made it more necessary for businesses of all sizes to embrace technology. Due to stay-at-home orders and social distancing measures, more people are shopping online or going contactless with their transactions; therefore, if your business is not equipped with technology, you could be missing out. If you do have the technology,
Many global brands came from a very small operation, with some even starting from an old garage. Microsoft and Amazon are good examples of such companies that seemed destined for failure but were pole-vaulted to success by a single decision. That pivotal point is often related to technology—business leverage that has changed the course of
Excavators, skid steers, loaders, lifts, power supplies, trucks, and other equipment are essential to any business. But like any resource or department, they can be streamlined for maximum versatility and efficiency. As the company pores over the balance sheets, it pays to explore and compare the costs of buying and owning equipment against leasing or
Small businesses are always on the lookout for a competitive edge. One effective method is to be more efficient than the competition. If you use your current resources to the best of your ability, you can expect larger profit margins as you do more with less. Here are some things that you can do to
A capital is only the tip of the iceberg in starting a business. You need a solid business plan, where each of your goals is outlined, as well as your market, products, etc. But it doesn’t end there, either. Opening a business requires more work than that, and it will involve different professionals. As the
Nowadays, people are venturing into home-based businesses because of the pandemic. It is more practical to start a business from your home because you can stay indoors as much as you like. Since governments and health experts all around the world are one in encouraging people to stay indoors as much as possible, it only
The COVID-19 pandemic has forced a lot of workers to go back home and do their work in the comforts of their own living room. While states have started lifting restrictions and a few businesses have resumed operations on-site, many Americans still find themselves stuck at home. Burnout Problem in the U.S. There are numerous