Business

Leadership Styles Proven Effective for Small Business Growth

Leadership Styles Proven Effective for Small Business Growth

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Employees depend on their employers, not only for a paycheck, but for motivation, innovation, and support. Managers affect the entire organization from the top down. Furthermore, the process becomes amplified as the company grows. Start-ups and smaller businesses must be especially careful of the leadership styles they wish to portray.  So, which leadership styles are proven to be effective? Let's take a closer look below. How many types of leadership styles are there? The number of differentiating management styles varies depending on the textbook; however, most agree on five. They are transitional, situational, autocratic, Laissez-faire, and participative. Each has its...
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Recession-Proof Business Ideas to Keep Afloat

Recession-Proof Business Ideas That Stay Profitable

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For the recent grads of 2020, choosing a career path serves to be a daunting task. College feels right, but what area of study should they choose? Even more so, adults looking to renew their skillset are having difficulty picking a subject of interest. The market needs recession-proof business ideas, and it needs it now. What we've learned from the pandemic is that no situation remains static. All areas of life, as we know, change. From the realization of vulnerability and adjusting vitality, what can we do to become more stable? Where's the best place to put our focus? Experts...
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good credit

Help Your Teen Establish Good Credit

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If you think showing your teenager how to balance a checkbook is hard…try explaining how to maintain good credit! Ah, the joys of adulting. Many adults don’t quite understand the intricacies of the credit system. So, the idea of breaking it down where a teenager can grasp the intricacies is laughable. Yet, it must be done! Otherwise, your impressionable teen may fall into a very expensive trap when they turn 18. As of 2018, the average American carries around $90,000 in debt (1). Of that debt, the average credit card debt is around $6,849 (2). Yikes! That’s not even taken...
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Money Journal Prompts to Last the Rest of the Year

7 Money Journal Prompts to Improve Finances

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People thrive where they place their passion. If it's on the mind, dedication towards the subject will create awareness, thus improving the odds of being successful. Could writing money journal prompts increase the relationship between a person and their wallet? Experts around the globe say, "Yes." Commit to wealth tracking for just 90 days Rachel Cruze, the author of multiple bestselling financial books, states that people should "Consider what [they] can do as an individual to move beyond complacency." Actively creating money journal prompts may be the big push that someone needs to work towards getting ahead. It starts by having...
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extra cash

Five Creative Ideas to Make Some Extra Cash

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How would you like a little extra cash? If you’re shaking your head yes, then you should keep reading! Most people would enjoy making a little spending money on the side. Throw in a stressful, challenging crisis, and the idea becomes almost a necessity. Good news! There are TONS of great ways to pad your budget. Even better, it doesn’t involve digging through your couch cushions—not that we’re saying that’s a bad idea. Here are a few ideas you can try: 1. Become an affiliate marketer. It’s NOT as hard as it sounds. When you find a cool product, you...
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Bad Debt Tops Over $100 Billion in Expected Defaults

Easy Ways To Avoid Bad Debt

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As businesses make their quarterly earnings announcements, the nation's five largest lenders expect a loss. Wells Fargo, Bank of America, Citigroup, JPMorgan Chase, and U.S. Bancorp claim that defaults due to the Coronavirus will cause a significant amount of debt. Collectively, the amounts of projected damages top over $100 billion. How can you avoid bad debt when these companies couldn't? How companies are handling debt worldwide A shift in retail sales caused many suppliers abnormality regarding their inventory and cash flow. Major companies, such as Nike, reported to the U.S. Securities and Exchange Commission that they have millions of dollars in bad...
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Is the Traditional Workplace Office Obsolete?

Is the Traditional Workplace Office Obsolete?

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As economists discuss current trends, they commonly point out the shift regarding the workplace. Previously considered conventional, paying for space for workers to gather seems more like a financial burden in today's times. Did the pandemic make the office obsolete? Or was it unnecessary all along? How the office was invented The office's origin is simple. In the past, individuals did not have the proper resources to conduct their jobs. Employers owned the equipment, and the employees went to work to use it. The creation of the office provided a way to give workers tools, as well as ensure production....
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How Take-Home Kits Help with Small Business Survival

How Take-Home Kits Help with Small Business Survival

By | Articles, Business, COVID19 | No Comments
More than ever, small businesses depend on creativity to get over the slump. With the current situation, many owners adjust their offerings in dynamic ways to fulfill their customers' needs. For instance, think of your local ice cream shop. Customers are not able to dine inside; however, they can take orders with them. The shop needs revenue, as much as the customers want their ice cream. The take-home kit presents a perfect solution to this problem. Imagine, a pint of Rocky Road, four cones, and toppings available for convenient drive-thru pick up. Very good right? Small business survival is all...
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The Most Proven Leadership Interview Questions for Business Growth

The Most Proven Leadership Interview Questions for Business Growth

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Good employees are essential in making a business run; however, how do you find the right people to allow the business to grow? We gathered the top leadership interview questions that will optimize the hiring process. Investing in the workforce Both business owners and potential employees can benefit by understanding the thought process behind these questions. When an interview is geared towards finding leadership, that means the business wants to invest in its workforce. They are not simply trying to fill spots. They are looking for candidates with greater potential. Without further ado, here are 6 leadership interview questions for...
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Extra Funding to Support Your Successful Business Ideas

Get Extra Funding to Grow Your Business Ideas

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Resources make a huge difference between thriving or failing. The right employees, equipment, and determination will help your business succeed. Imagine all the ways your customer base could grow if there was only some additional cash flow. See how extra funding can grow your business ideas by reading more below. What is an Achieva Small Business Loan? Big or small, your business needs financing options. With our highly personalized levels of service and a wide variety of business loans, Achieva has the tools you require. Successful business ideas start by having proper funding. With a Small Business Loan, growth is just...
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