Business Management
A business owner must know the true cost of his inventory in terms of materials, direct labor and overhead. Get some professional help in determining what the true cost of your inventory is and how to figure the sale price. Find out if your costs are average for your industry.
If you suspect inventory theft, consider separating the purchasing and accounting departments, installing security cameras, or hiring an independent auditing firm.
If you are having an employee attendance issue and disciplinary action isn’t working, maybe the cause is personal or work-related issues. Consider adapting an Employee Assistance Program that supports employees during these difficult times.
Social media marketing has become a crucial resource for business looking to connect with others. Make sure your social media presence does not go unchecked. Negative comments or unanswered questions that sit for too long can end up doing more damage than you think.
Make sure your business is prepared for an emergency by having a safety and insurance plan in place, training your employees, and backing up important data.
