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Employee productivity can simply be defined as the amount of useful work (result) they produce in a given period of time. Labor productivity is the amount of work that an employee can perform in a given period of time. If an employee can complete a large amount of work in a short period of time
Financial documents needed to run your business, financial statements show the inflows and outflows of your company’s money over a specific period, called a reporting period. A cash flow statement shows how your company’s cash position has changed over time, so you can assess your company’s current financial health and set goals for the future.
While working hard and working smart are completely different approaches, ideally you can find a balance between the two approaches while achieving your goals. Comparing hard work to smart work can help you determine which approach is best when it comes to achieving your business goals. Without hard work, you will not be able to
Owning your own business is one way to gain personal freedom on many levels. Freedom and autonomy are two reasons why people start their own businesses as independent entrepreneurs. Many people believe that entrepreneurs have the freedom to do what they want. This desire for freedom often drives owners to pursue larger businesses that they
When you first start your business, it may seem like an overwhelming task. What do you sell? How do you reach your potential customers? There are so many questions to answer. Handshake, a wholesale marketplace by Shopify, enables you to find unique products from US-based suppliers. You can also make use of chatbots, Facebook ads,
If we know one thing about how to start and grow your business from the very beginning, it’s that it’s hard to die for. They face the same major hurdles that anyone who tries to start their own business faces; it is very hard work. Thus, getting started and creating your first small business can
What are scalable Businesses? Let’s start by defining them. This article will cover the factors that make a business scalable, and why they are so hard to scale. Once you have your definition, you can start to think about the challenges that may come up. You can see how you can make a business more
There are many different ways to start a business with no money and start right away without taking out a loan. In fact, some of the best businesses can be started with little to no money. While I believe the best business to start with little cost is a service-based business, there are ways to
Russia’s war with Ukraine Ukraine is a terrible event that requires huge human and economic losses for both countries. Moscow’s War on Ukraine Ukraine and its violent financial backlash are not only bringing economic disaster to President Vladimir Putin’s Russia. As the war in Ukraine enters its third week, Russian Prime Minister Vladimir Putin is
Russia’s record economic performance has critical implications for the Russian leadership, as well as for US policymakers. The track record of Russia’s economic performance indicates that the Russian leadership faces a major challenge in transforming Russia into a modern industrialized economy. In in-depth studies of the Russian economy in the 1990s, Vincent Palmeda and Bill
Alex Silva is an American Entrepreneur, Author and Finance Educator. He is the Founder of Global Wealth Hub, Master Excellence Academy & Other Companies in the Field of Finance & Personal Development. Alex also runs one of Europe's largest private Consulting institution.
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