Keeping your business afloat

Carpon

Valued Contributor
As a business person or the owner and manager of a business, there are some things that you need to do in order to make sure that your business stays and thrives amidst harsh business situations.

Here are a few of such tips for keeping a business afloat

1 Ensure you keep records of business activities and make it a rule: make sure that your workers keep a record of all business activities and must be able to account for it.

2 Avoid disclosing your business secrets and information to outsiders: many businesses have crumbled because secrets and business information got leaked and people used it to work against the business.

3 Avoid accumulating too much loan on your business: this will help in ensuring that you do not use up your business funds trying to pay up loans.

4 Employ credible and accountable workers: ensure that all your employees have a good reputation and are well trained to do whatever job they are needed to perform.
 
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