One year and several months later, we are still discussing the ripple effects of the COVID pandemic on businesses and corporate organizations. The hospitality industry, which was one of the hardest hit, is still feeling the effects. According to a study conducted by The National Restaurant Association (NRA), about 17% of restaurants were forced to close long-term or permanently due to the pandemic. Which is why it is extremely important as a business owner that has survived this gauntlet so far to review your expenses and see how you can save your restaurant money.
Last year’s pandemic only helped to open our eyes to the relevance of healthcare, even as we continue to thrive in technological advancements. Over the past year more individuals have reassessed what is important to them and what they make be able to do without. And just as individuals have, businesses should do the same. Something that businesses within and around healthcare should be able to significantly reduce is their medical waste.
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Competition in the commercial and industrial landscape is rife. Overall 2020 was a very rough year for both tenants and landlords. Unfortunately many businesses closed, inherently meaning less rent paid. Commercial real estate in cities initially took a huge hit, but is on the rebound. As we attempt to push past COVID-19 there are things commercial real estate owners can do to increase the values of their properties.
No one likes to discuss the complexities of healthcare plans or how much they are spending on medical bills. But we just can not ignore the fact that healthcare spending is at an all-time high. As spending increases so should transparency.
Last year saw the commercial and corporate industry placed on a halt due to the pandemic. While some businesses were struggled with operations and were eventually forced to shut down operations, others implemented strategies that made them thrive even more. Now businesses weigh when to reopen or if their returns should be delayed.
With the world gradually swinging into normalcy, there have been some noticeable changes. Over 18 months, the workplace has shifted to introduce remote and hybrid offices that continue to be apart of the business landscape. Because of this employers should review and possibly revise the office perks that they offer.
Ultimately in business, everyone is looking to make a profit from their goods and services. You would be hard-pressed to find an executive who is not closely watching quarterly or even monthly sales.
We have all heard about this phrase before: Fake News. It has become enormously popularized over the past decade. We have, in many ways, experienced how fake news can cripple an entire political and social landscape. Disinformation is one of the emerging villains rearing its ugly head.
Cyber infrastructure is a crucial part of a successful business that many often neglect. If you have not thought about it, protecting your business' cybersecurity from internal and external threats may be one of the best decisions you will ever make. A disturbing record shows that 30,000 website attacks occur daily.