The food and beverage industry was worth $5838.8 billion in 2020. And it is expected to reach $6196.15 billion this year. As the old age saying goes, three industries would never cease to exist- food, real estate, and textiles. However, the entry barriers to these industries, especially for new entrepreneurs, are pretty high. For starters,…
Getting your business off the ground is challenging. You need to put in lots of effort and keep patience. But your struggle does not over here only. When your company is growing, you need to deal with different challenges for its success. Proper planning and effective strategy formulation are the two tools for business success…
Between the sharp rise of remote work and the never-ending COVID-19 pandemic, mental and emotional health suffered the most. Regardless of how well you train your employees to separate their personal life from their professional life, these personal struggles often find their way into professional lives. This reduces their work performance, and their productivity goes…
Hiring employees is time-consuming and expensive, and if you are recruiting for specialized positions within your company or a niche industry, you may encounter additional unique challenges. Small companies, especially those that outsource some of their administrative tasks, often contract recruitment specialists for these types of positions for a number of reasons. Access to High-Quality,…
As you run your business, you need to ensure that you reduce your costs as much as possible, without compromising the quality you provide to your customers. For your products, you can’t just ship them out to your customers bare. They need to have proper packaging so that your customers can already set their expectations…
Business owners know the value of the customer to the sustained success of the business. As such, they prioritize the customer and address all their concerns. With competition very stiff, not knowing what your customers want or think could be your undoing. But how do you know what the customer wants? This is where customer…
The primary goal for any business is to be successful. Employee productivity is a determining factor in whether a company will be successful or not. There are various ways to measure productivity. You could look at the number of sales, the amount of profit, or the number of goals your employees are meeting. The employees…
Some business owners save time while others kill time. Some lose time while some may have all the time in the world. But none of them can slow down time or stop it from flowing. While business owners cannot influence the flow of time, they can optimize their time to get the most out of…
The new normal is here, and you can expect it to stay for the foreseeable future even as the vaccines are here. The only way to make your business survive and thrive amid the crisis is to adapt and realign. The challenges may not be as massive as they were at the initial stages of…
How high do you want to climb in your career? How much do you want to achieve in your business? It all depends on your mindset. A growth mindset thrives on challenges. It focuses on improving one’s situation or position in both career and personal life. With a growth mindset, you never worry about failure…