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Defuse Tense Situations and Retain Loyal Customers In every business at some moment in time, there will be an angry or disgruntled customer. If you do not deal with the annoyed consumer in the correct way, you can make the situation worse causing unnecessary drama and possibly negative reviews that can damage your reputation. These…
Recession-proof Your Business with these Simple Tips An economic downturn can spell disaster for a typical small business owner. Small businesses often run at a very tight margin, and may not have the capacity to cut prices or significantly lower costs. This presents their business leaders with some sizable challenges, and it’s not surprising that…
Tips to Keep Your Business Operating and Your Customers Happy Finding ways to keep your company operating during a crisis isn’t an easy task for most small business owners. Always staying proactive is essential to the success of your business, whether you are dealing with a global pandemic, an economic recession, or a cybersecurity incident….
Cash flow plays a crucial role in keeping your business healthy. You need to keep money coming in to meet your responsibilities such as paying your staff, your rent, your suppliers and other bills. Even very successful businesses can run into problems with cash flow. These difficulties can often be related to the time lag…
Occupy Your Mind with These Tasks to Stay Positive A recent poll by the American Psychiatric Association found significant mental health effects on the population due to COVID-19. Here are some results from this poll: 36 percent of respondents agreed “coronavirus is having a serious impact on their mental health.” 59 percent of respondents “feel coronavirus…
Take Initiative to Protect Your Bottom Line In a pandemic, business leaders usually prioritize the most urgent issues — such as keeping their employees and customers safe, and ensuring that their supply chains remain intact. Once they have their houses in order in these areas, however, the next step is usually to ensure that cash…
Tips to Help Your Business Exit a Crisis Stage Crises are realities that businesses either come face to face with or flirt with over their life cycle. These are conditions that present serious challenges to the business owner and its staff. How you respond to crises is going to define how your company grows and…
Be Vigilant. Stay on Top of Latest Business Scams. As the owner of a business, you dedicate a great deal of your finite time and energy into making sure your organization runs effectively. Unfortunately, there are criminals in the world who may target your business with scams and hoaxes. As well as costing money and…
10 Ways a Business Accountant Can Increase Your Profitability Business owners are often too busy with the day-to-day running of their business to sit down and analyze their accounts. But, those figures in your accounts could hold the key to higher profits. Your accountant will have a wealth of knowledge learned from other businesses in…
Reduce Expenses Not Quality with these Tips The first and longest battle a business owner will have to fight is the one over their capital. You will need to care for it at every step. Keeping costs down without cutting corners is a difficult task, but it is far from impossible. Here are nine ways…