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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different. Why is that?

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Unveiling the Hidden Potentials of Remote Work Productivity

Allwork

A 2020 Stanford University study revealed that remote workers were 5% more productive than office-bound counterparts. Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally. By spring 2022, this figure rose to 9%.

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Lessons From Past Recessions

Success

The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand. As part of your financial plan, consider the following: Review your finances.

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How to Avoid Debt for Your Small Business in 2020

Small Business CEO

Review Your Expenses. One of the best ways to avoid debt in your small business is by cutting some of your expenses.… … The post How to Avoid Debt for Your Small Business in 2020 appeared first on SMALL BUSINESS CEO. Let’s begin!

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How To Hire And Manage Freelancers, According To Experts

Allwork

In a survey published in 2020’s “ Building the On-Demand Workforce ” report from the Harvard Business School and Boston Consulting Group (BCG), 60% of business leaders said they expected to increasingly “rent” “borrow” or “share” talent with other companies. In 2020, more than a third of Americans freelanced — up 22% from 2019, CNBC reports.

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Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?

Allwork

“We find a 45% decline in office values in 2020 and 39% in the longer-run, the latter representing a $453 billion value destruction. These valuation changes have repercussions for local public finances and financial sector stability,” according to the study. . Commercial Property Taxes and Essential City Services.

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How to Prepare for a Recession

Success

Talk of a recession might have some people remembering the fear and hardships of the Great Recession in 2008, or even the disruption of the COVID-19 recession in 2020 , which lasted only two months. Saving six months’ worth of living expenses can seem impossible, but focus on slowly building up your savings over time.

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