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How you finance your business can become the difference between profit and loss. In a recession-plagued environment, it makes sense to tap into different funding sources for your business. This may sound like a hassle, but such a strategy will greatly reduce the company’s cost of capital and save it from bankruptcy. Here are some sound methods through which a business can raise capital: Think About Factoring. Raise quick money by selling your receivables at a discount. The invoices can be for anything, right from manufactured goods to medical services.SEE DETAILS

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There is a lot of competition in the workforce, not just in finding a job but also for attaining a higher position or raise. Being a good worker is not enough, as most employees in a company are. Great employees possess special characteristics that differentiate them from the rest. They do things differently and take advantage of opportunities that are presented to them. The following are some of the traits a great employee should have: Takes action. Waiting for instructions and only doing what is require is what an averageSEE DETAILS

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Finding the right employee can be difficult in even the best of circumstances. Poorly thought out search criteria can make the job that much harder by making it difficult to determine who the best available candidate is. Whenever you’re looking to fill a position, consider the following before you make a hiring decision. DEFINE JOB REQUIREMENTS OR QUALIFICATIONS Be careful that your job requirements aren’t exclusionary or discriminatory towards other cultures or religions. For example, a rule that your employees must be clean-shaven. This would prevent you from hiring someoneSEE DETAILS

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Known as an employee motivation strategy developed by psychologist Frederick Herzwig, job enrichment has been utilized by employers all over the world. It taps into people’s natural desire to succeed by helping them take advantage of their workflow. Its main focus is creating jobs with meaningful tasks, a range of diverse challenges and consistent feedback and communication between workers and supervisors. While it isn’t suitable for every businesses or every role, it can be a huge boon if used properly with the right people. Below, we outline some of theSEE DETAILS

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There are many benefits to working from home or working remotely. You can worry less about commuting, conveniently make time for personal obligations and work within your own comfort zone. But, when distracted by this ideal, we tend to become unproductive. Working at home or working remotely requires commitment. Here are some tips to help you: 1. Get DressedNo one has ever been excited to commute to their office in the morning, thus it’s a great feeling to think you can get out of bed, stay in your pj’s andSEE DETAILS

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