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Business is no longer as usual and while the optimists among us will seize the day, in the present moment, life is different right now, including work life.
In a rare display of bipartisanship on June 5, President Donald Trump signed into law the Paycheck Protection Program Flexibility Act, which makes some favorable modifications to the PPP loan program.
Our struggle as entrepreneurs has been replaced by our hustle as business owners, and it's not going anywhere.
Sometimes, a particular case does take years to reach a resolution. But in many cases, leverage can be gained at the outset of a case, which might push the parties to a resolution.
People are now reporting Zoom fatigue, citing anxiety. Identify mental health and grief counsellors who can step in during these COVID-19 times.
Here are some ways managers can encourage employees to transition effectively and safely back to their regular, away-from-home office environment.
When leaders have time to look beyond the immediate decisions of salary reductions, layoffs, and furloughs, distance leadership is one of the next topics that needs attention.
Safely restarting your business will not be as simple as unlocking the front door and turning on the lights.
Main reasons for restructuring or reorganizing a business involve the departure of a key person, overlapping roles or new business objectives, such as entering a new market.
10) Documentation. A good starting place is confirming job descriptions, employee handbooks and job specific training guides are accurate.
Compounded by the fears of the virus, business owners of color are being disproportionately left out of the federal bailout Paycheck Protection Program.
Management guru Peter Drucker once said culture eats strategy for breakfast. Drucker wasn’t suggesting strategy is unimportant. He was noting no strategy, however strong, would succeed if executed in an environment of a weakened or failed culture.
Now, in a world of social distancing, stay-at-home orders, and fear of human contact, I still believe human connection is necessary in business, more than ever.
The pressure was too much. It felt good to cry, but I was angry and confused. I hated not knowing what was to come. But when I finally calmed down, I felt more determined than ever.
Whether inspired by a crisis like the COVID-19 outbreak or not, more companies are investing in corporate social responsibility efforts.
Crisis situations call for strong leadership. This is not the time to act on emotions or fear. People need to feel confident the leaders of the organization are making well-informed decisions to keep everyone safe.