The future of work arrived out of nowhere, on the back of a once-in-a-century pandemic. Team dynamics got challenged as members dealt with illness, trauma, and crisis. We've all been forced to rapidly and radically adapt to new working norms. The Ferrazzi Greenlight Research Institute has spent more than 15 years studying high-performing...
What is a financial consultant?
The financial services industry employs a mix of professionals who use titles interchangeably, such as financial consultants and financial advisors, to guide people on how to invest their money for retirement. These titles can be confusing to investors when they are hiring someone to manage their assets.
Should you use cash discounts in your small business?
Who doesn’t love a discount? Many small business owners have realized that offering a purchase discount to their customers frequently leads to earlier payments and improved cash flow. Learn more about cash discounts and why they might be a good idea for your business.
4 ways entrepreneurs can keep their businesses positive during challenging times
Staying positive in the midst of a global crisis is easier said than done, but taking carefully measured steps to improve employee happiness and satisfaction might be one of the best ways to tackle the effects of the looming economic uncertainty — and bounce back stronger when the time comes.
Should you rely on accounting profit or economic profit?
A few weeks ago, I wrote about capital budgeting and finished the article with a short discussion of economic value added (EVA).
EVA is a way to measure whether your business’ profits return more than the opportunity cost of the capital employed to earn them. It’s like doing...
What it’s like to apply for and start a job during the coronavirus pandemic
When IT support analyst Nick J Lancaster was made redundantin April due to the impact of the coronavirus pandemic, he felt hurt and shocked. “My manager … said, in just a few words, that due to Covid-19, I was being let go and that was my last day. I was to return all...
Best practices for small business record-keeping
I don’t think organization maven Marie Kondo was talking about business records here, but it certainly applies: “To put things in order means to put your past in order, too.”
Business records prove business transactions and activities. Growing a successful business requires organization on all levels, including your…