Downsizing Your Business: An Opportunity to Focus on Core Competencies
Building a successful business means constantly reevaluating what does and doesn’t work. Weighing the effectiveness of your business structure, staffing, and marketing efforts, to name a few, helps you determine when changes are necessary to maintain profitability. Sometimes, these evaluations show the need for significant changes, including downsizing.
How Hospitality Businesses Are Surviving the Pandemic
The hospitality industry, from restaurants and hotels to arts and entertainment venues and the many vendors and businesses that supply or work with these companies, has been hit particularly hard by the coronavirus pandemic. Too many businesses have closed for good, unable to remain solvent through the crisis. Some, however, are weathering the storm or even learning how to thrive in this time of crisis. Examining how hospitality businesses are surviving the pandemic can provide insight and inspiration to help your business do the same.
Employer Paid Leave under the Families First Coronavirus Response Act
COVID-19’s impact on West Virginia (WV) employers continues to shadow businesses, government, and individual citizens. The federal response to the pandemic-induced economic shutdown, the Families First Coronavirus Response Act (FFCRA), attempted to provide relief to families suffering due to business, childcare provider, and school closures. But the quickly passed legislation and intermittent, new guidance from the US Department of Labor has West Virginia employers scrambling to keep up. To help employers see the bigger picture, employers need to know the basic information about employer paid leave summarized below.
Differences in Probate and Estate Administration in WV, KY, and OH
To the residents of the tristate area where West Virginia (WV), Kentucky (KY), and Ohio (OH) meet, the community is not strictly defined by the borders of the three states. Many of us work in one state but reside in another and travel across state lines for various business and personal reasons regularly. However, when it comes to legal matters like probate and estate administration, the rules and procedures that must be followed are determined by our state boundaries.
Types of Mergers: Which Is Right for Your Business?
Entrepreneurs who are looking to buy or sell a business should educate themselves on the options for merging a current business with another company. We often hear the term mergers and acquisitions, or M&A, which encompasses a wide range of transactions to join businesses or allow one company to absorb another. The distinctions at all levels of M&A are important to know, particularly for anyone with business ambitions or interests. Within the more specific category of mergers, understanding the different types of mergers is critical to determining the details of a transaction.