Whether you are a small business owner or a large one, the word “recession” is something you don’t want to hear. Getting customers during this period can be challenging because they will be more selective over their spending. To keep the business afloat, prices are adjusted, expenses are reduced, and new investments are postponed until…
Tag: Bad Economy
What Are The Tech Companies That Have Retrenched Their Employees This Year?
In recent months, tech companies have made headlines not for their new products and services but for the mass layoffs they are enforcing without warning. From large to small companies, they all cut their staff numbers, announce additional layoffs and sometimes, they do not fully expound why dismissal was necessary. If you are considering joining…
Is Recession coming in 2023? How do you prepare for it?
When you look at today’s global environment, you would definitely say it is not looking good in many aspects. From the war in Ukraine, the continuous tensions between the US and China, and the effects of climate change to the onset of inflation in many parts of the globe, there doesn’t seem to be any…
It’s Inflation Time and Why It Should Matter to You
In recent months, almost everything spiked in price. From food, clothes, and electricity to gas, it is slowly becoming expensive for everyone. Inflation is the one to blame for this price spike, and it is not something that can easily be fixed. Inflation occurs when there are changes to the economy, both on an international…
3 Ways To Save On Business Costs
Whether you are an entrepreneur who owns your own small business or you run a much larger business that is a part of a huge corporation, costs are something that you’ll always have to think about. Even if you have a big budget, saving on business costs wherever you can is still of utmost importance….
Getting a Pay Cut? What to Do Next?
The economy has constantly been under siege by unforeseen shifts in the world economy like recessions, pandemics and even armed conflict. As a result, companies have to introduce strict actions to keep themselves afloat, such as pay cuts, layoffs and recruitment freezes. Pay cuts entail a reduction in one’s monthly salary. The reduction percentage depends…
July is The Month of Bravely Facing Reality
Hi MMers! July represents many things for me. For one, many of you are right in the middle of summer, which aligns with the same weather all year round in tropical South East Asia. I’m terrified of cold. I had only seen snow once or twice when I was living in Shanghai. Of course, I…
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