A couple of months into the COVID-19 pandemic that struck the world unexpectedly (and with full force), causing uncertainty and instability for both companies and individuals alike, we all learnt that the first challenge in keeping our enterprises running was cash flow. Most industries were hit hard, and consequently, businesses were...
Four ways to prepare your business for reopening.
Businesses all over the country are beginning to reopen, but that doesn't mean the pandemic is no longer a threat. If you're thinking about reopening, you should be prepared to instate changes to keep your employees and your customers...
Bitcoin is predicted to have a big bull run in 2020 — but is that just wishful thinking? Although it had a bull run in 2019 and has recovered from its low below $4000 in December 2018 to its price, as of this article’s publishing, to above $9000, investors HODLing Bitcoin...
Four critical tactics to help owners keep their business upright during downturns
I can't think of a time when it isn't important for a business owner to be on top of his or her business credit, but it's even more important during a recession. How you do things now will...
If you don't ask them, you'll never know.
A company's economics--essentially, how it makes money--aren't determined internally. They're determined by customers. An entrepreneur may believe deep in her heart that her product or service is worth more than the cost of providing it. But if her prospective customers don't agree,...
Things have certainly changed, thanks to the coronavirus. We're all relying on phone calls and emails to stay connected rather than the face-to-face interaction we employed in the office. And everyone seems to be getting along just fine.
Or are we? While COVID-19 may have permanently changed the way many...
We go into business to make money, so wouldn’t you want to know how much money you’re making? That’s why calculating net profit margin can be so useful. Net profit margin lets you see exactly how much money your business is making after all related expenses have been taken into account.