Advice

Main reasons for restructuring or reorganizing a business involve the departure of a key person, overlapping roles or new business objectives, such as entering a new market.

Compounded by the fears of the virus, business owners of color are being disproportionately left out of the federal bailout Paycheck Protection Program.

10) Documentation. A good starting place is confirming job descriptions, employee handbooks and job specific training guides are accurate.

Management guru Peter Drucker once said culture eats strategy for breakfast. Drucker wasn’t suggesting strategy is unimportant. He was noting no strategy, however strong, would succeed if executed in an environment of a weakened or failed culture.

Whether inspired by a crisis like the COVID-19 outbreak or not, more companies are investing in corporate social responsibility efforts.

Now, in a world of social distancing, stay-at-home orders, and fear of human contact, I still believe human connection is necessary in business, more than ever.

Crisis situations call for strong leadership. This is not the time to act on emotions or fear. People need to feel confident the leaders of the organization are making well-informed decisions to keep everyone safe.

The pressure was too much. It felt good to cry, but I was angry and confused. I hated not knowing what was to come. But when I finally calmed down, I felt more determined than ever.

The pandemic scams are here, but Michelle Drolet has 10 things you need to know about how to handle them.

Keep in mind anxiety is very contagious, but so is calmness and a smile.