The COVID-19 pandemic has had a drastic impact on the economy as the gross domestic product dropped nearly 33%. For small and medium-sized businesses, it created unprecedented cash flow challenges, as many struggled to maintain a steady stream of revenue. But now, as the pandemic continues to ease, businesses should revisit their working capital plan […]
Search Results for: operations
Financial Check-up: Is Your Organization Fiscally Fit?
Comprehensive financial statements can help tell the story of your organization’s financial health. Together, a balance sheet, income statement and statement of cash flows can be powerful diagnostic tools to help evaluate its financial well-being. Moreover, by carefully analyzing them, you may be able to uncover potential money-management problems or even fraudulent activity. Assets vs. […]
Return to the Office: Managing Employee Pushback on In-person Work
The pandemic fueled a massive work-from-home trend that many non-essential businesses have maintained for the past 18 months or more. But despite the current surge in COVID-19 cases, more and more employers are asking employees to return — causing a fair share of anxiety and fear, especially among the unvaccinated. As employers receive pushback from their […]
When Uncertainty’s the Norm, Plan for the What ifs
Uncontrollable factors can have a profound effect on business operations. Circumstances can change overnight, directly impacting your employees, your customers and your business decisions. When unforeseeable events occur — COVID-19, anyone? — what can you do to keep your business afloat financially and practically? Risk or uncertainty: What’s the difference? Business risk is when the […]
Moving Up to Your Company’s C-suite? Here Are Some Tips for Success
C-suite positions usually come with big paychecks and plenty of perks, but these benefits are frequently accompanied by huge accountability, mammoth stress and seemingly impossible time constraints. To quote the Harvard Business Review: “…the skills that help you climb to the top won’t suffice once you get there.” How can you prepare to manage your new […]
Going Solar: Commercial Building Owners Could Save $1M-$7M Over the System’s Life
If you’re like most New Jersey residential and business building owners, you’ve become accustomed to multimedia messages prodding you to switch to solar power. Maybe you haven’t acted because you think it’s too expensive. Or maybe you find the incentives confusing. Interestingly, with some of the top incentives in the nation, New Jersey has become […]