Category: Tools and Information

What Happens When a Company Wants to Go into Voluntary Liquidation? | The Startup Magazine

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Cash flow problems can be a serious concern for any company, especially if they put your business at risk of being unable to pay its debts. If you notice these problems early, you may be able to implement new strategies to resolve these challenges quickly and avoid insolvency. If these problems cannot be resolved, and your business is unable to pay its debts when they are due, the company will be considered insolvent.

At this stage, the available options will become severely limited. Whilst there are several company rescue solutions that might help you to recover your business during the early stages of financial difficulty, there are some circumstances in which the best option may be to enter Voluntary Liquidation.

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Self-steering droids define Zipline’s new Platform 2 drone delivery service | New Atlas

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When we last heard about Zipline, the California company was using parachutes to drop packages from its delivery drones to the ground. The firm’s just-announced Platform 2 (P2) system, however, lowers loads inside of self-steering “droids.”

Here’s a quick overview of how P2 is intended to work …

A worker at one location starts by placing a cargo item inside a droid – this is basically a streamlined box with a shrouded propeller at the rear. In a docking station at that location, the droid is then loaded into the belly of one of Zipline’s P2 Zip eVTOL (electric vertical take-off and landing) drones.

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How A Four Day Work Week Impacts Productivity And Morale” | Business News Daily

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The idea of a four-day workweek is hot. Is it right for your business?

  • Initial research shows that a four-day workweek may improve productivity and employee well-being.
  • Work-from-home policies created during the pandemic have shown that greater flexibility in terms of where and when people work is possible.
  • Creating a four-day workweek involves more than just giving employees one day off per week. It requires creativity, thoughtfulness and communication.
  • This article is for entrepreneurs considering implementing a four-day workweek at their companies.

Though many treat the 40-hour, five-day workweek as a preordained standard for the American workplace, the reality is that it was created by a revision to the Fair Labor Standards Act in 1940. The 40-hour five-day workweek emerged during a time when communities were smaller and tighter-knit, working remotely was impossible, and 1 in 3 women did not work outside the home. The world has changed so much. Is it time for the structure of the workweek to change too?

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The Forgotten Emotional Aspects of Productivity | LifeHack

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One of the most overlooked causes of being unproductive is emotions. Our productivity and performance are greatly influenced by how we feel about ourselves and what we are capable of.

According to research done by Atlassian, a team’s productivity and the expression of positive emotions are positively correlated. This means that teams are more productive when they are happy with the work they are doing together

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10 Dos and Don’ts When Your Consulting Firms Sales are Slumping | Management Consulting Connection

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When your consulting firm’s sales are down and your pipeline resembles Mother Hubbard’s cupboard, it’s easy to become paralyzed or confused by next steps.

First, determine which variety of sales slump you’re facing. The three types are outlined in this article.

Your consulting firm’s path out of the downturn depend upon which variety of sales slump you’re facing.

However, regardless of the cause of your dip in revenue, there are Dos and Don’ts that always apply.

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How to Run Payroll for a Small Business | business.com

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Doing payroll yourself can be as easy as these eight steps.

Processing payroll by yourself can be complex, and if you’re doing it for the first time, it’s crucial to consult an expert before you get started.

The challenge of processing your payroll is what you may miss. For example, if you enter deductions or file payroll taxes incorrectly, you could expose your business to severe liability. However, you can still process payroll manually – in eight steps – and if you’re a small business owner who employs only a few people, it may be worth learning how to do payroll on your own.

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Why you should be using Google Home Routines | Digital Trends

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If you’ve finally jumped into the smart home world by picking up a Google Nest Hub or other Google Home-compatible gadgets, you might think setting up Routines is something to postpone until you become an expert. After all, coming to terms with your new smart home might take a few days — and Routines can often sound like a complex feature that’s best saved for a rainy day.

However, that couldn’t be further from the truth. Routines are shockingly easy to use, and they allow you to harness the full power of your smart home. Here’s a look at what Routines are, how they work, and why you’ll want to start using them as soon as possible.

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How to attract more people to your first brick-and-mortar store | The Startup Magazine

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Opening your first-ever store is incredibly exciting. You’ve spent months fitting out and decorating, and now it’s time to fling open the doors and invite your first potential customers over the threshold of your brick-and-mortar store.

The problem is, unless you’re in a really high footfall area, simply having a store with an ‘Open’ sign on the door won’t be enough to start driving sales through the til.

If you’re about to launch your own shop, or have an existing store and would like more people through the door, here are some things to consider.

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What Is Opportunity Cost And How to Calculate It? | LifeHack

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In our modern world, there are endless alternatives. Therefore, it’s difficult to choose an opportunity that is right for you. Have you ever found yourself wondering whether you should quit or stay in your job, accept an offer or give it up for another, or purchase or survive without? Do you know the cost or opportunity you can gain when you choose one from another other?

There is a simple and practical method that solves this problem. It’s about finding out the opportunity cost. When you understand opportunity cost, you have the power to measure every alternative with precision and make the right decisions.

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