Having debts isn’t necessarily good or bad. Many consider it a convenient business tool at their disposal. Getting a loan has its benefits, such as increasing cash flow and ensuring business continuity or becoming a lifeline that keeps the business afloat. However, when unexpected events throw a wrench at your Read more…
Insurance coverage can be tricky since cannabis is still illegal federally. Living in Michigan, one of the United States’ states where cannabis was legalized first medically, then recreationally, we have seen an enormous number of dispensaries pop up in the Southeast area. It is wild to see many located in Read more…
Think about business as a high-performance race car. It’s tuned, fast, and constantly moving. Now, an office move is essentially changing the entire engine while the car is still on the track. That’s the kind of pressure that needs seamless execution. The biggest hidden cost of any relocation isn’t the Read more…
Imagine your business as a sink, and the revenue it generates being the water flowing in it from a faucet. Now, think of the sink again but this time with a leak that’s slowly dripping drop after drop. This persistent and annoying leak, if taken for granted, would over time Read more…
The first industry that comes to mind when I think of Richmond, Virginia, is the tobacco industry. Sure, they have milder, nicer weather than Michigan most of the year, and adjusting to Richmond’s climate would not be difficult. Still, cigarette companies and tobacco farms are what come to mind initially. Read more…
Profit optimization and profit maximization are two concepts that often get thrown around interchangeably. But, they shouldn’t because they represent fundamentally different approaches to running a company. And, frankly, the distinction matters more than you might realize. Companies with a sole focus on maximum profits typically end up struggling with Read more…
Workplace safety is not only an essential aid to employees, but it is vital to the company’s profitability, vitality, and sustainability. For example, if a company fails to conduct regular safety inspections and implement crucial protocols, an office fire could claim essential files and equipment, destroying everything this business has Read more…
The terms “price optimization” and “profit optimization” might seem synonymous at first glance, but they are not. Pricing optimization is a financial strategy that many businesses employ in order to draw out the most financial gain from their operations. Meanwhile, profit optimization is a financial strategy that businesses use when Read more…
First dates—Sometimes, they are memorable, and on some occasions, we wish we could just skip and bury. This is how we can associate reality with cloud optimization: a hit or a miss. It all depends on how you manage and respond to it. You know that awkward feeling during your Read more…
Baltimore is known for many things, and one of them is being a good place to start a business. Its location in the Mid-Atlantic region plays a huge part in this. Smack dab in the middle of the Eastern Seaboard, Baltimore and the rest of Maryland is in the center Read more…