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Employee productivity and efficiency are key to small- and medium-sized businesses (SMBs) success in the competitive business world. To better understand how to improve these aspects in the workplace, Isabel Soto, president of the Puerto Rico Chapter of the Society for Human
There are several financing options for your business, including a commercial line of credit. It is ideal for covering recurring, specific, and short-term working capital operational needs, especially since you must repay them in 12 months or less. The line of credit can also
Proper planning and protecting your assets and investment are two core aspects of managing a business. Take advantage of this summary to identify which insurance policies are available to your business. After what we’ve gone through in recent years, you know and have
By: Anabel Rodríguez Alonso and Irene Viera Matta On March 2023, the United States District Court for the District of Puerto Rico declared Act 41-2022 null and void. It reverted Puerto Rican employment laws to that in force before the summer of 2022. This means that all
The reasons for selling a business are diverse. The most common include market timing, a lack of succession, or the business owner looking to sell a portion of the company to a strategic partner. No matter your reason, if you’re contemplating selling your business, you
To have a satisfied clientele you must put yourself in their shoes. We know that sitting down and talking to every customer is impossible; however, a marketing tool known as a buyer persona helps you in that process. A buyer persona is a model that you can create based on the
By: The Puerto Rico Occupational Safety and Health Administration (PR OSHA) Creating a safe and healthy workplace for all who work and visit your company is your responsibility under the law. For you to comply, the government of Puerto Rico has an office that, as part of its
By Gabriel Otero, CPA and Financial Planner at Popular Making sure your business is in good financial health is key for materializing your plans and successfully dealing with potential setbacks. These four strategies will give your company the boost it needs. During the
One of the most challenging aspects of managing a business is handling the ups and downs of sales. Sometimes, what affects our sales performance is out of our hands, like market fluctuations, lack of personnel, or environmental disasters. The important thing is to focus on
When it comes to closing sales, there are salespeople who use traditional strategies such as pressure, manipulation, and haste. However, new sales trends promote using empathy, understanding, and calmness when interacting with customers. Here are some modern techniques to
