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Category: Management

Making Your Budget Work During a Pandemic

Making Your Budget Work During a Pandemic

Over the past few months, most people have wished that they had a little more money. Whether you were laid off from your job or your hours have been decreased so that you can care for a sick loved one, you’re having trouble making your budget work. Take these steps to make room in your budget for necessities.

Find Ways to Make Money From Home

It’s best to stay home as much as possible these days to keep yourself healthy and avoid spreading the novel coronavirus to others. Just because you’re at home doesn’t mean that you have to waste your time, though. Look into ways to make money with your smartphone, such as taking surveys or finishing microtasks. Explore remote positions at your job or apply to new companies. Offer your services as a virtual tutor using videoconferencing software such as Zoom. The possibilities are only as limited as your creativity.

Cook for Yourself

In most parts of the United States, you still can’t eat inside a restaurant, but you can order food for takeout or delivery. These options are attractive, especially if you’re busy taking care of loved ones all day. However, it’s much more expensive to order food than to cook it yourself. Limit yourself to buying takeout once every two weeks. Before you head to the grocery store, look at your store’s coupons, and plan your meals around each week’s special offers. If you’ve never cooked before, many chefs have YouTube videos in which they walk you through the basics of countless meal options. You can also learn from a friend or family member over FaceTime, Zoom, or Google Hangouts.

Saving money is hard but necessary during stressful times. If you can find a way to make extra money and pinch your pennies by cooking from scratch, you’ll see a big difference in your budget problems.… Read More...

How Temporary Workers Benefit Employers

How Temporary Workers Benefit Employers

Hiring new employees can be a difficult and time consuming process. You have to spend time advertising, reviewing applications and holding interviews. This can be frustrating especially if you need someone now. Why not consider a temporary employee? Here are four valid reasons a temp could be exactly what your company needs.

Save You Time

Finding just the right employee for a specific position can be a challenge. When you hire someone from one of the best staffing agencies Boston, you’ll find a candidate that’s been prescreened and has the experience you’re looking for. This saves valuable time and gives you a good selection of possible workers.

Satisfy Short-Term Needs

Your company may be experiencing a busy time and decide to open several short-term positions to reach quotas. Hiring temps can fill the spots quickly with diverse applicants that bring a lot to a company. These employees understand that the job isn’t forever and they won’t be eligible for the same benefits as full-timers.

Fill-In for Vacation 

Your full-time regular employees are important to your business, but life is unpredictable and people take maternity leave, extended vacations or sabbaticals. A perfect solution is to hire a qualified temporary worker until they return. You get to keep your regulars and the work gets done–a winning situation for everyone.

Possible Permanency 

Many temporary workers are highly skilled and have found themselves out of work due to the pandemic or a layoff. Another company’s loss can be your gain and you may decide that such an employee deserves a full-time position. This also gives you the chance to see if the candidate is a good fit before committing.

Benefit Your Business

Hiring temporary employees that are prequalified from a staffing agency is a huge benefit to your business. It saves you time, resources and could lead you to just the right person that might stay for years to come.… Read More...

Things To Do Before Opening a Restaurant

Things To Do Before Opening a Restaurant

Many people dream of opening a restaurant. However, it’s not as easy as just having a vision. There’s a lot that has to be done before the doors can open. Here are just a few of the things you’ll have to take care of in advance. 

Do Your Research

It’s important to do your research on the restaurant industry in your area before you get started. Talk to other restaurant owners and gather information on what works and what doesn’t. It’s a good idea to look at what successful establishments are doing, but you should also study restaurants that have failed and see what they have in common. If you’ve never worked in the restaurant industry before, you should either get some experience first or team up with someone who has.

Create a Business Plan

It’s highly unlikely that anyone will give you funding without a proper business plan in place. This is basically a way to explain how your restaurant plans to be successful. You’re telling people why they should give you the money to get your alcohol license Dallas TX. If you don’t have experience writing a business plan, it’s a good idea to do some research online and consult with someone who does. 

Make Some Noise

If no one knows about your restaurant opening, no one will show up. Start creating buzz early. Find a stellar marketing person who can help you get people excited to come to your establishment. You’ll also want to do a soft opening to make sure everything goes smoothly before opening your doors to the public. 

If opening a restaurant is your dream, go for it. It takes a lot of work, but it can be worth it in the end. Just keep up the hard work and you’ll have your vision come true in no time.… Read More...

3 Aspects of Risk Assessment

3 Aspects of Risk Assessment

One of the most important aspects of business operations is risk. Large or small, multi-million dollar, or microscopic budgets, every activity involves some degree of risk. Enormous implications are connected to some business processes and activities. The decision-making required for those activities needs to be informed by some degree of risk analysis.

Risk assessment and the measures to off-set potential risks are vital elements of operations. They act as counterweights against the upside reward calculations. Important safety services are a necessary piece of the puzzle that guard against potentially catastrophic consequences. Creating a comprehensive picture of risks requires thinking outside of conventional circumstances. Consideration of “what if” scenarios, assessing worst-case outcomes and a degree of skeptical evaluation are three components of risk assessment.

Considering What-if Outcomes

New projects or changes to established operating procedures benefit most from this type of analysis. Meticulously walking through each step of the project or procedure and frequently pausing to reflect on unanticipated outcomes is the goal. Points at which employees provide inputs or make changes are particularly vulnerable to errors or overlooked actions. What happens if an employee forgets to close a valve or save changes to a database? These are the kinds of questions to ask.

Assessing Worst-Case Scenarios

Evaluating the ultimate risk of a process includes worst-case scenarios. If there is a catastrophic failure, whether man-made or natural disaster, knowing the maximum potential damage helps to determine what measures are required to offset that risk.  Insurance levels, additional redundancies and more explicit safety measures may be part of the answer.

Evaluating Skeptically

Businesspeople want to succeed in every aspect of their jobs. Unfortunately, that isn’t what always happens. The temptation to view projects or processes through overly optimistic lenses is very real and common. Revenues are exaggerated, competition is downplayed, and the result is a skewed picture of reality. Risks are overlooked or, worse still, ignored. Here, questioning every assumption and independently auditing process plans can help correct the distortions of reality.

Understanding the risks associated with business activities is crucial for sound operations. Accurately evaluating potential downsides and planning for failures is a necessary exercise. Appropriate measures can then be put in place to prepare for the event of risks becoming realities.… Read More...

3 Characteristics of Good Employees

3 Characteristics of Good Employees

The backbone of any business is its employees. Whether you own a large corporation or a small startup, having wonderful employees is the best way to set your company up for success. Here are three characteristics you should look for in potential employees if you want to grow your business.

Honesty

You need employees you can trust. You want to find people who won’t take the company’s money or property while working but you don’t want to avoid hiring people who are honest now but have minor discrepancies in their past. When you interview an applicant who has all of the qualities you are looking for, perform an employee screening by a third party so you know pertinent information about the applicant’s background. This act can help you determine if the applicant is trustworthy. It can also prove that the applicant has the right credentials for the job.

Passion

Passion is the driving force behind company growth so it is important to have employees who share your vision for the company. This is especially important if you own a new company. If employees believe in the company and its values and brand, they are more likely to stay on with the business and stimulate growth by putting in the hard work and dedication it requires.

Motivation

Your employees also have to be motivated to perform assigned tasks quickly and efficiently. Motivation is an essential characteristic for administrative employees, but it is also an important attribute for other types of workers. Without this key quality, productivity will lag and client orders may not be filled on time.

Hiring the right people is one of the best ways to help your company grow sustainably. Hire people who are honest, passionate and motivated so they can serve as assets to the business and help it grow in the right direction.… Read More...