Without a doubt, 2020 takes the title of “The Year of Risk.” The dangers of simply going to the grocery store or gathering with friends and family cast a bright spotlight on the concept of risk, our perceptions of it, and its effects on human behavior. Yet I would argue that risk perception — how we perceive and interpret external danger — carries new meaning and implications amid the current crisis. Beyond the sphere of our personal lives…
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How do you measure value? 3 not-so-obvious objectives (and results) you’re missing out on
If you run a data-oriented company, you have clear key performance indicators (KPIs) and objectives and key results (OKRs) that you review personally or with your team on a monthly, quarterly or annual basis.
These are typically run-of-the-mill data points: customer retention rate, operational cash flow, profit margin and more....
E-commerce fraud: what it is and how to prevent it
The security of e-commerce has come a long way since its inception, but plenty of risks still abound for businesses selling online.
E-commerce scams, online retail fraud, cybercrime — whatever you want to call it, if you’re an e-commerce small business owner, this stuff probably keeps you up at night. That’s because if you are a victim of fraud…
Voluntary life insurance
Life insurance is generally considered to be the bedrock of any comprehensive financial plan. But those who have medical conditions that prevent them from getting coverage are often left between a rock and a hard place. Fortunately, many employers offer their employees a benefit that allows them to get around this obstacle. Voluntary...
A small business guide to change management
Implementing change is not easy in the business world. Even with a small business, you have a lot of moving parts -- not to mention employees who get nervous about any big changes or shifts.
Managing change is one of those HR best practices that people don’t talk...
How does payment history affect your credit score?
As my readers know, I am all about paying your bills on time all the time. Doing so is what is best for your credit score and your overall financial health, plus it is just the right thing to do. Let’s dig into how payment history factors into your credit score and see if we can shed some light on why that is so…
Budget variances: how they can help you create an accurate budget
A budget variance is the difference between the amount budgeted for revenue and expenses and the actual amount received or expended. Budget variances can be favorable (more revenue) or unfavorable (higher costs).
Learn more about budget variances and how they can help you create a more accurate budget for your small business…
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