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Showing posts from July, 2021

Survival Tips for Business

The reality for many small business owners is that they were forced into starting something of their own. Perhaps they were retrenched, fired or unable to find a job. What this means is that often small business owners really haven't even had time to obtain some training in basic small business practices such as finance, human resources management and marketing. The other real danger is that the small business owner works so hard in the business, trying to push for more sales, handling negotiations with suppliers, making month-end payroll and trying to get big customers to pay on time that they don't catch major problems in their business before they become a threat to their businesses survival. Newspaper reports recently indicated that about 4,000 businesses went insolvent in 2013. The causes for these business failures were not reported on but it doesn't take a rocket scientist to figure the usual fatal mistakes: bad business decisions, running out of cash, a market th

5 Ways

Many business owners are working so hard at their business that they fail to enjoy the rewards of being the business owner. If you are letting the life of your business overrule the business of living your life, then it is time to begin turning the tides. Finding ways to make your business work harder for you and your family is the reason we all started our businesses in the first place. If your business is obstructing your efforts to enjoy life with friends and family, this is a problem. We all know a lot of work goes into building a successful business, but if it is consuming all your time, effort and energy... is it worth it? Why this coordination is important: Every time you find new ways to help your family benefit from the efforts of your business, your life balance and family life improves. If your business consumes your entire life and your family life suffers because of it, your spouse and children may actually resent the time that you spend there. Even if it provides a gr