Without capital, you can’t finance a business. You can use your own savings to build your capital. But most entrepreneurs either borrow money or get alternative funding. Borrowing money sounds intimidating. You have no guarantee that your business will profit, putting you at risk for defaulting on the loan. However, it’s a faster way to
Improving the productivity of the employees of a company is a challenging proposition. The remote work arrangements that some companies have continued to implement only made it challenging for employees to work together. This situation can affect employee engagement and the quality of work of the employee. But companies can still improve productivity by using
Ambitious, brave, open-minded, and passionate are only some of the many positive descriptions of a new entrepreneur. When you decide to pursue a venture by yourself, there will be no shortage of supporters among your friends, families, and colleagues. Their words of encouragement will give you the confidence and motivation you need to start your
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
If you can set aside some money each month, you should invest it. That’s standard advice to anyone seeking to master their finances in the long term. Yet in recent years, more people have found it increasingly difficult to save money, even if it’s just in a savings account. An emergency fund is essential. You
There’s no single business that is impervious to risk scenarios. As much as data and trends are trustworthy, they can’t predict natural calamities and impassioned crimes against their entity. Sure, executives and business leaders might have predicted and prepared for marginal loss, but how prepared are their companies for unforeseen collapse? They hardly are. That’s