The risk during a bear market cycle is not that prices are declining, but that an investor may be forced to sell during those declines. It is important that there is a clear game plan in place to deal with challenging market cycles. The good news is that with the right approach and guidance, bear markets (a loss of 20%+) can present opportunities for investors.
Changes in our economy and the way our customers spend money and behave are allowing businesses to scale up while scaling back on expenses. As a business owner, you want to maximize the value of every dollar you invest in your business. Even when business is booming, it is important to avoid overspending an to be prepared for the unexpected.
It's not enough to just hire someone who can do the job anymore. As a business owner, you should be selective about who is the right fit for your business. Then, once you find the right people, it's important to keep them happy, motivated, and most importantly, productive.
Every business owner has a vision for their business. It’s something that gets them excited, hopeful, and expresses their desires and dreams for their organization. Getting your aspirations down on paper, and having a clear business outlook, are essential to making them a reality. Describe your purpose, determine your goals, and build a plan.
As the end of the year is inching closer and closer, many experience feeling overwhelmed and anxious. With the holidays upon us, year-end deadlines quickly approaching, and motivation waning, it's important that we stay focused. Here are a few helpful ways to avoid year-end burnout.
As a business owner, facing challenges comes with the territory. Whether it be financial struggles, staffing issues, lack of resources or even being too busy, facing adversity is nothing new to you.
During difficult times you may feel helpless and overwhelmed, making it hard to maintain a positive attitude and overcome. Here are some tips to help you rise above the hardships and flourish in the process.