Global trade and supply chains are going through a massive shock. Because COVID-19 has led to lockdowns, suppliers in the chain are temporarily ceasing production, and logistic providers can no longer transport goods as seamlessly, particularly across borders. As the situation changes daily, it’s critical that you work closely with your suppliers to help your
Optimize Your Cash Reserves Right now, your top priority as a business owner is to optimize cash reserves as the magnitude and duration of the COVID-19 crisis remain unclear. Your assumptions about customers, sales cycles, revenue, cash flow, and cash runway are no longer true. Below are ten actions that you can take now to
Mentoring Empowers Entrepreneurs and Grows Business Have you thought about being a mentor to an aspiring entrepreneur? As a successful business owner, you are in a great position to mentor others. You learned from the school of hard knocks and overcame many hurdles on your path to success. Along the way, you developed your
