Category: Business

Small businesses face many challenges in today’s competitive and uncertain economy. One of the most critical factors for their success is the performance and engagement of their employees. However, many small businesses struggle to invest time and resources into developing and nurturing their human capital. In this article, we will explore some of the benefits and strategies for unleashing the potential of employees in small businesses. The importance of employee…

A shrinking proportion of young entrepreneurs According to a recent research from the Australian Small Business and Family Enterprise Ombudsman, the proportion of young small-business owners in the country is shrinking. The median age of small-business owners in Australia is at 50 years old, with 22 per cent aged 60 and older. This trend is consistent with the global statistics, as a study by Score, a non-profit organization affiliated with…

A strategic move to expand its smartphone components business Chinese electric vehicle maker BYD Co Ltd announced on Monday that its electronics unit, BYD Electronic (International) Co (BE), has agreed to buy the mobility business of US-based manufacturing firm Jabil Inc’s Singaporean division for 15.8 billion yuan ($2.2 billion). The deal will help BE to expand its customer base, product portfolio, and market share in the smartphone components sector, as…

Wells Fargo, one of the largest banks in the United States, is experiencing a technical issue that has affected its banking system. According to Downdetector, a website that tracks outages, more than 700 users reported issues with Wells Fargo’s services on Thursday, August 24, 2023. Some of the problems reported by customers include transferring funds, declining ATM cards, and missing direct deposits. The bank acknowledged the issue on its Twitter…

PBOC instructs banks to reduce Bond Connect investments China’s central bank has asked some domestic banks to scale back their outward investments through the Bond Connect scheme, according to two sources with direct knowledge of the matter. The window guidance from the People’s Bank of China (PBOC) seems to be aimed at containing yuan outflows into Hong Kong, and thus ensuring less supply of yuan in offshore markets, the sources…

WBC welcomes Esther Aguilera and Lakshmi Eleswarpu as new board members Women Business Collaborative (WBC) is an alliance of more than 80 women’s business organizations and hundreds of business leaders that aims to achieve equal position, pay, and power for all women in business. WBC recently announced the addition of two new board members, Esther Aguilera and Lakshmi Eleswarpu, who bring a wealth of experience and leadership in corporate management.…

What is exit planning and why is it important? Exit planning is the process of preparing your business for a successful transition of ownership, whether it is to sell it, pass it on to family members, or transfer it to employees. Exit planning is important because it can help you maximize the value of your business, minimize taxes, and achieve your personal and financial goals. According to Forbes, only around…

Artificial intelligence (AI) is transforming the world of business, creating new opportunities for innovation, efficiency and growth. However, AI also poses significant challenges for privacy and cybersecurity, as it involves collecting, processing and generating large amounts of data, some of which may be sensitive or personal. In this article, we will explore some of the best practices that AI business leaders can adopt to manage these risks and ensure compliance…

Brand strategy is the process of defining and communicating the unique value proposition, personality, and identity of a business. It is essential for creating a lasting impression on the target audience and differentiating the business from its competitors. However, brand strategy is not a one-time activity that can be done once and forgotten. As a business grows and evolves, so should its brand strategy. In this article, we will explore…

What is social good and why is it important? Social good is the concept of creating positive impact on society through ethical and responsible actions. It can be achieved by individuals, organizations, or movements that aim to address social issues and improve the well-being of others. Social good is important for businesses because it can help them gain a competitive edge, attract and retain talent, increase customer loyalty, and enhance…