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What To Do When Your Business Owes Too Much

Starting your own business is a dream come true for thousands of entrepreneurs, whether you’re turning your passion project into your profession, opening a restaurant, or taking your skills and starting your own firm. But it’s a risk – that’s what being an entrepreneur means. Many businesses wind up shutting down when their owners get in over their heads in debt, with their assets sold off and creditors in line to claim the proceeds. The key to surviving in business is knowing where you stand and predicting trouble before you’re in it. The sooner you know you can’t handle your…

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There are a variety of reasons why a company may choose to implement enterprise resource planning (ERP) software. For some organizations, implementation comes as a result of outgrowing the system that’s already in place, which may even be obsolete at this point in time. Some look to enterprise resource planning software as a tool for boosting productivity, hoping it will help to improve each staff member’s level of efficiency. Regardless of why enterprise resource planning software is being considered, it’s important to take a few steps before implementation occurs. Here are a few things to focus on prior to implementing…

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In business, clear and easy communication is exceptionally important. As video calls become a standard in many organizations, it’s still a surprise to know that plenty of users are winging it along. If your video calls keep failing, here are a few mistakes you might be making: Going with the regular settings Using that video conferencing program for the first time? After you test it to make sure it works, take the time to adjust the default settings, from the microphone settings to the camera angles and everything else in between. Otherwise, you could end up with an unflattering camera…

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What worries you most in running your business? For many small business owners, the threat of fraud is something to keep them up at night. That said you do not have to left the fear of fraud ruin your daily business activities. By implementing a tough anti-fraud program at your business, you can likely steer clear of it. So, are you ready to get to work on keeping fraud out of your company’s life? Where Do You Start? To do all you can to keep fraud from impacting your company’s bottom line, keep in mind the following: 1. Your customers…