All posts by: SCG

5 reasons why stocks are good investments

If you’re new to investing and the stock market in general, it’s important to understand what this type of investment entails. Understanding what stocks are and the investment opportunities available to you can help you determine if purchasing them is a good option for your financial future. Read on to learn more about stocks and the reasons you should consider investing in them.

What is stock?

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Also known as equity, stocks refer to securities that represent a fraction of ownership of a corporation. Essentially, the stock of a corporation is all of a company’s shares. When you have a single share, you gain fractional ownership of the company in proportion to all of its shares.

Options for stock trading

When it comes to stocks, you have various investment options to consider. One option is over-the-counter (OTC) stocks. With an OTC stock purchase, securities are traded for companies that aren’t listed on formal exchanges like the New York Stock Exchange (NYSE). Instead, OTC stocks are traded through a broker-dealer network.

In contrast, you can also use the NYSE or NASDAQ, which are formal exchanges that account for a large amount of trading worldwide. The NYSE functions like an auction market, whereas the NASDAQ operates like a dealer’s market. With an auction market, people buy and sell between one another and an auction occurs wherein the highest bidding price is matched with the lowest asking price. In a dealer’s market, participants go through a dealer, or a market maker, when it comes to NASDAQ.

Why are stocks good investments?

If you want to grow your wealth, stocks can be a great investment that provides you with several advantages. Here are some reasons why you should consider investing in stocks:

You can invest what you can afford: Stocks allow you to consider your finances and any expenses you have before making a purchase. This allows you to avoid pitfalls and future investment risks.

You have several options to suit your needs: If you want to purchase stock, you can opt for a variety of options, including common and preferred stock. While they’re both types of stock, shareholders have no voting rights with preferred stock.

They’re easy to purchase: Thanks to the stock market, purchasing stocks is relatively easy. Once you’ve set up an account, you can purchase stock within a matter of minutes. You can go through a broker, a financial planner, or use the internet. Ultimately, it’s a personal preference based on your unique circumstances.

They’re easy to sell: When you have stock, you can sell it at any point in time. Essentially, you can turn your shares into cash quickly and with little cost to you. This is especially handy if you need cash in a hurry.

You can beat inflation: Purchasing stock is a great way to stay ahead of impending inflation. With individual stocks, you have the opportunity to outearn inflation.

Now that you understand stocks, you can make a more informed choice regarding your finances and purchase options. Consider whether the pros outweigh the cons and make your next move accordingly.

How to pick the perfect investment property in 3 steps

Image by Nattanan Kanchanaprat from Pixabay

Investing is something that everyone should be doing if they want to build wealth. It has some risk, but the potential for growth is also there. Despite that potential, only a little more than half of all Westerners are investing their money.

When it comes to investing, there are several different types that you can choose from. One of the most popular and potentially lucrative is property investing. However, property investing isn’t always the easiest thing to do. Thankfully, if you follow a few simple steps, it can get you well on the way to picking the perfect property.

With that in mind, this blog post is going to go over three steps to help you pick the perfect investment property.

Crunch the numbers

Image by William Iven from Pixabay

Next up, you need to crunch the numbers. Remember, this property is an investment so you want to make sure you are able to make more than you spend. Crunching the numbers often begins with knowing how much you are able to spend. This could depend on how much you have, or how large of a loan you are able to secure.

Once you know how much you can reasonably borrow or spend, it can make it easier to measure out just how much your loan payments are over the years. Also, don’t forget to look at your expenses. This could include the cost of fixing the home, utilities and maintenance, property management, taxes, and several others.

Lastly, think about how much you want to/can charge for rent or what you should sell the home for. These numbers will vary depending on the quality of the home, but also the neighborhood and what similar homes are renting or selling for. Being able to accurately estimate your earning is crucial towards the success or failure of your investment.

Decide where and what to buy

Once your goals have been decided on and the numbers have been crunched, you can finally decide where you want to buy. This not only means choosing the right house (new or old one) or neighborhood, but also the right city. When deciding, you need to think about costs, crime, the weather, and the nearby amenities to attract potential renters and buyers. This process can take a while as you try to find the right place to meet your goals and needs.

Generally, you should choose an area that has potential but is still within your price range. Once you buy, it is a good idea to become an expert in the area. People will feel more comfortable buying or renting from someone with a lot of knowledge. You should familiarize yourself with the fun things to do in the area, but also things like average utility costs and traffic patterns. While energy rates should be straight-forward in many cases, doing your own research is still a good idea. The more you know about an area, the better you can tailor the property to the tastes of those looking to live there.

In conclusion, hopefully, the information, tips, and steps in this article have been able to assist you in choosing the perfect investment property.


When you should consider changing your forex broker

Selecting a broker is one of the most important decisions you will make when starting to trade currency or stocks. A broker will carry out your orders as you attempt to create a profit in the market – so it’s crucial that you select an intermediary that is trustworthy and reliable.

Fortunately, if you are unhappy with your current selection, you can move to a new broker. Here are four red flags that suggest that it may be time to make the switch.

Lacklustre platform

Day traders need a feature-rich platform to buy and sell currency pairs exactly when they need to. Using an unstable and unreliable platform will undermine even the best forex strategies, making it difficult to act when there are breakouts. Browsing a range of broker app reviews will help you to find a platform with advanced features that you can rely on.

You might want to switch brokers if you need a customisable user interface, the option to automate or schedule market orders or entry orders and access a range of technical analysis tools and charts.

No regulatory status

If you are working with an unregulated broker, then it may be time to start looking for a third party who is actually registered with a financial regulatory body in the country they operate in. If your broker resides in the UK, then they would need to comply with the FCA.

A regulated broker is more trustworthy and reliable, choosing one will protect you from fraudulent practices such as “free money” scams and excessive spread charges. Regulated brokers need to meet a stringent set of rules and regulations to operate, giving you peace of mind to conduct your forex trades without fear of reprisals.

High spread charges

You might also want to consider finding a new forex broker if you are unhappy with the spreads being charged on currency pairs. The offer of a three pip spread on EUR/USD, for example, might have been acceptable several years ago but it would not offer value in today’s climate.

All brokers charge for their services but making the switch to an intermediary with lower spreads will reduce the costs of making trades and give you a better chance of driving profits in the long term.

Bad customer service

Being able to contact your broker with ease when problems arise is important. Ideally, you want access to several different comms channels during the day so that you can sort out any issues quickly. Making the switch is justified if your broker does not offer the account or technical support you require or if the after-sales support is lacking.

Poor leverage

Trading on leverage is one of the best aspects of forex markets. It will enable you to expand your profits with a comparatively small outlay. Leverage supports low capital by increasing the ratio of credits to currency. If you are working with a broker that does not offer enough leverage, then it may be a good idea to consider other options available to you.


The UK used car market hit by data security issues

The issue of data security is one that’s impacting all kinds of businesses and individuals in all kinds of ways. This is the case now more than ever because of the way in which we share and rely on technology. A new problem that’s now becoming clear is that the UK used car market can be particularly susceptible to data breaches.

The potential for this kind of problem was always there but it’s only now that owners of used car companies and individual drivers are realising the potential size of the problem and its implications. A new survey has shone a light on this issue and the amount of people now affected by it due to the intersection of our cars, technology and our personal data.

The problem relates to the way in which drivers are now leaving lots of their sensitive personal data on their old cars and not wiping the information held on them. That information can be transferred to the storage systems that cars use by connecting smartphones and other electronic devices to them.

And when a driver comes to sell their car or trade it in at a car dealership, it doesn’t cross their mind to delete the data because many people either don’t realize or forget that it’s there at all.

These days, most people use Bluetooth or Custom USB drives in their vehicles. They can be used to play music, retrieve traffic or navigation details or make calls hands-free when behind the wheel. These practices have become the norm for drivers in recent years, but they could also be fuelling a data security problem that may end up having big consequences going forward.

Although most future owners won’t have any interest in accessing these personal details of the previous owner, there’s still a clear risk posed. By failing to wipe data from the vehicle, a car’s new owner might have access to details of the previous owner including phone numbers, addresses and wifi details, as well as many other types of data.

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A recent survey was carried out by Which? and it found that more than half of people who sold their car in the past two years did not make any attempt to unsync their devices and 31% didn’t make any attempt to remove any personal data from the car before selling it. This suggests there’s a real problem brewing and data security problems will come to the fore in the years ahead in the UK’s used car market.

The study sought answers to these questions from 14,000 drivers, meaning that there was a fairly large sample size for a survey of this kind. It also found 79% of owners didn’t use the car’s manual to follow instructions regarding removing data to the car and returning it to its factory settings before selling it. That’s the advice that all car manufacturers give to owners, but it would seem the advice is being ignored.

Some feel that the problem is less to do with drivers not following advice though and more about car manufacturers not communicating their advice clearly enough to owners of their vehicles. More should be done to provide drivers with the information they need with regards to how their data is being used and what happens to it when they sync their smartphones and other devices to the vehicle. For many, that’s not currently very clear.

The importance of eradicating data is not fully understood by many but there’s a risk involved and it needs to be understood. Car dealerships should also be doing more to ensure the cars they buy from owners or take in part exchange deals are properly returned to factory settings before being sold on to new owners. This would limit the extent of the problem in many cases.

Harry Rose, editor of Which? Magazine, believes that car manufacturers should  be doing more to help drivers fully understand that their data can remain stored on the vehicle and accessible to new owners in the future after the vehicle’s been sold. The risk of giving away far too much personal data is very high and not well understood.

There are clear implications for the UK market, car manufacturing and the car dealership industry. Getting to grips with these problems will only become more important as cars become more technologically advanced and ever more interconnected with the phones and electronic devices we rely on each and every day.


How important is collaboration in 2020?

Collaboration is an integral and basic requirement for any team to succeed, so it would be wrong to state that team effort is suddenly more important in 2020 than it was before. Collaboration and supportive environments have always served as key aspects for organisational success, so it remains something that holds as much importance in 2020 as it did before.

So, what has changed?

In spite of the importance of teamwork remaining just as valid and fundamental as always, 2020 has seen massive changes in how a team collaborates. In other words, collaboration is as important as it always was for the success of any project, but the opportunities and mediums available to cooperate and co-work has changed drastically this year, and within a very short time.

What are those changes and what caused them?

Covid-19’s progress throughout the world as an epidemic led to the world going into lockdowns internally and internationally. As a direct and indirect result of those two prime factors, multiple chain reactions were experienced by every sector in existence. Almost every company in the UK had to close their doors, and the very few that remained open, operated with a skeleton workforce.

This series of incidents led to the following changes which can be identified as the main factors that impacted collaboration and teamwork to a great extent:

  • Soon, every company that had the opportunity to do so started to adopt work from home business models.
  • In the absence of reliable networks, previous experience with the new model and a lack of instant communication with each other, productivity began to suffer.

At that point, even what might have once been the most productive team within a small company would start to work in a disjointed manner, resulting in friction, misunderstandings, and further deterioration of team cohesiveness. All of that contributed to the business falling further behind in a time that is already extremely trying for businesses.

Competent cloud collaboration: the most viable solution

Nobody who has worked in any corporate sector should be unfamiliar with document collaboration systems, but most of the smaller establishments did not know the difference between free cloud-based options that are meant for the general use, and a professional, enterprise-grade, digital document collaboration solution like Kahootz. This cloud-based solution was precisely designed to create a remote working environment where all team members would be able to work on a single document or multiple documents simultaneously and seamlessly. Complete with features such as tracking contributions from each team member and instant feedback on steps taken within the collaborative environment, competent cloud collaboration tools like Kahootz have made the work from home strategy feasible for even smaller organisations.

Not that every small organisation has already adopted competent digital collaboration platforms, of course, but the numbers are increasing. Perhaps the biggest issues are faced by businesses that operated completely offline before. Their unfamiliarity with eCommerce, digital collaborations, etc. is putting them in an unfamiliar scenario, even if the online business model suits their line of work.

Things to consider when choosing an automatic invoicing software for your business

Invoicing software makes sending, tracking, and creating invoices a breeze. Besides, invoicing software helps you to receive and make payments faster. But you must note that there are various invoicing software options available in the market. Some may fail to provide you the benefits of automatic invoicing, while others may create more problems on your end, especially if the features are too complicated to configure.

When looking for a great invoicing software like Tipalti’s automation software, there are various things you should take into consideration. Here are some points to keep in mind.

  • Keep your business’ needs in mind

Any automatic invoicing software you choose, whether it is for your invoicing needs only or some company processes, must help make your business workflow more effective and efficient. It must be something that fulfills the needs of your business without going overboard.

At present, there are lots of options you can choose from and you should select the software that’ll cater to your specific requirements. If you’re planning to expand your business in the future, specialized invoicing software may be more beneficial than generic ones.

  • Know if it can work with other business processes

Whether you’re running a small business or a big one, there are many tasks involved. Often, what slows people down is the need to shift between different platforms or programs. If you can find an invoicing software that’s integrated with some of your systems, feature, and templates, it can make your business processes more transparent and efficient. This can also help your teams communicate in a better way.

  • check if it features ready-made templates

Good invoicing software must have a feature that’ll let you generate ready-made invoices and send them to your clients. It will not only make your job much easier but also speed up your workflow and cash flow. If you want to consider customizable options, remember that some software comes with free templates that you can use for designing your unique invoices to maintain consistency with the branding of your company.

  • Cost

Choose a budget for your automatic invoicing software based on your client base’s size. A lot of invoice software providers have free accounts or free trials. These can help you test the software before buying it. Make sure to include payment transaction fees in your budget. Several services may impose a percentage fee for credit card transactions.

  • Ease of use

Search for an automatic invoicing software with a sleek interface and intuitive options for electronic invoice submissions. Some software may also send payment reminders to clients. You may also check in the interface whether clients have viewed your invoice. With this, you don’t have to worry whether your clients have received your invoice or not.

  • Multi-currency and cross-region support

Running a business across borders poses some challenges in terms of filing tax returns because of the different taxation rates. Using automatic invoicing software that’s designed to support various tax rates and currencies can make things much easier for you.

Cross-region support also enables you to transact in several foreign currencies easily. Through this feature, your customers can place their orders easily without the need to convert the price to their currencies.

  • Real-time sharing and recording data

There’s a lot of data involved when it comes to sharing and recording. Usually, it includes your customer details and information about the people involved in the transaction. For marketing reports, you can also note where clients heard about your business.

Choosing invoicing software that allows you to send and record information in real-time is necessary since it helps your employees evaluate the performance of your company against any crucial performance indicators.

The invoice software must be integrated with some business management platforms to ensure a seamless employee collaboration. For instance, integration with inventory management systems can help the team administrators and members authenticate their work by cross-checking the relevant data.

  • Remote access and security

In today’s modern world, working remotely is becoming a popular trend. Moreover, there’s always a good chance that you’ll need to look at the books of various locations even if you’re based in the head office. However, working in a cloud environment or using remote access can be prone to threats. Such security threats may put critical business operations at risk. So, it’s important to choose an automatic invoicing software that offers remote access and a high level of security to ensure that your business data is secure.

Bottom line

Businesses that don’t have established their invoicing processes usually suffer financially because of poor cash flow. This especially happens when the finances aren’t tracked properly. A lot of business owners consider invoicing an arduous and time-consuming task. However, the best and the suitable invoicing software can guarantee that you can focus on your important tasks without sacrificing the quality of your invoicing and billing. Consider the above factors when choosing an automatic invoicing software for your business.


5 reasons why you need a business loan for your trucking company

Trucking businesses continue to be a profitable venture in the country today. According to statistics, almost 78% of all freight in the country is carried by trucks. However, just because many trucking companies are successful doesn’t mean that they don’t come with challenges. Maintaining a stable cash flow remains to be one of the greatest challenges that they face. That’s why small business loans for trucking companies are important.

With the increasing number of entrepreneurs going into the industry, trucking companies need to gain a competitive advantage among others. You have to be creative in marketing your business to your audience – even if it means taking out a loan. Though risky, business loans can offer a lot of benefits to a lot of businesses.

Getting into the freight industry can be an expensive venture. That is why you need all the help you can get if you want to be successful. Whether you’re planning to take out an equipment financing or a term loan, here are some reasons why you need to take out a loan for your trucking business:

1. Hire new operators

Your drivers are the most important people in your company. Without them, there’s no way that the shipments will arrive at their destinations. Hiring more operators is important because it makes your delivery process more efficient.

But the thing about hiring drivers is that it can be costly. For one, you would have to pay for a recruitment agency to help you find applicants. Secondly, you have to pay for their insurance and other fees associated with staff training and certification. Third, you’ll need to pay for their uniforms and additional equipment needed for them to do their jobs in the most efficient way possible.

Without business loans to back you up, there’s no way you can afford these costs without creating a huge gap in your company’s cash flow.

2. Maintain day to day operations

Trucking companies sometimes face cash flow gaps because of unpaid invoices. Since they may have to wait 60 to 90 days before the invoices are paid, they won’t be able to bring any cash in between the delivery and payment of the goods. As a result, it can be harder for them to meet the daily demands of their business operations.

Trucking business loans, on the other hand, can provide these companies with the funds they need to keep their company open while waiting for the invoice payments. They can also apply for invoice factoring where they can sell their invoice to invoice financing companies. The lenders will then do the payment chasing, so you’ll be free of that task.

3. Add more trucks

Essentially, the more trucks you have, the more freight you can deliver. In fact, according to the research conducted by the American Transportation Research Institute, companies with more fleets are most likely to get a larger return of investment (ROI) compared to those with a smaller fleet. And we all know that the greater the ROI is, the better the company’s chances are at succeeding.

Adding trucks to your trucking businesses is important. More trucks allow you to cater to more clients, therefore, increasing your profits and expand your market base. You can also save on fuel, tolls, insurance, and other fees. If you have more fleet, then you’ll more likely be able to survive the tough competition in the trucking industry.

4. Start-up costs are expensive

Without a doubt, the start-up costs of a trucking company can be steep. Even if business owners have enough working capital, it won’t be long until it runs out. Fuel, trucks, rent, office equipment can be expensive and other payables will keep piling up month after month. Without financing, there’s no telling when the business could run dry.

While others may have doubts about taking out a loan, business owners need to accept the fact that they will eventually need it if they want to survive. Additional financing not only helps you acquire equipment and pay your monthly bills, but it will also help fund your business’ growth and expansion.

5. Invest in better technology

With most businesses relying on technology today, you also have to make sure that you’re switching to better and automated systems, as well. Experts in the field are strongly encouraging trucking business owners to start switching to better technology. This doesn’t only ensure that they operate more efficiently, but it will give you a competitive advantage, as well.

If you haven’t updated your systems yet, now is the time to do so. Waiting longer will only result in your company’s underperformance and you’ll eventually be left behind. That’s why it’s important to start considering business loan options even before the need arises. This way, you’ll be prepared to take on any business opportunity that comes your way.

Looking for small business loans for trucking companies?

Going into the trucking industry requires a huge investment of your time and money. With the intense competition these days, it’s vital for businesses to be a few steps ahead of the others to survive. Whether they need equipment or upgrade their technology, small business loans for trucking companies will help them cover these expenses which could pave the way for their success.



SaferSalon launches Covid secure toolkit for hairdressers, barbers & salons

British Salons and Barbers are preparing to re-open whilst keeping preened punters protected from the spread of Coronavirus. Following months of no revenue, salons are eager to encourage customers to refresh their locks after lockdown. Fears over a second wave of the virus mean hairdressers and barbers will play a vital role in protecting the nation, and are working out how to cost effectively keep everyone safe.

The opening of non-essential businesses has prompted a shift in focus from government guidance to the additional importance of risk assessments. However many salons are at risk because they are unaware they also need a mandatory COVID Secure Policy. For day to day interactions with the public, practical checklists can minimise the risks in salons during the appointment booking process, before clients even step foot through the door. Keen to encourage customers back in they also want to provide evidence to their customers that it’s safe to come in for a cut. is the UK’s only toolkit bringing together all of the government guidance with practical tools to keep salons both safe and legal. It includes the mandatory COVID Secure Policy, Risk Assessments and Pre-Appointment Check Lists. Comprehensive training information is also included, and for those that want to prove their understanding of COVID Security to their clients, there is a simple to do, online test for which you will receive a Certificate and Certified Logo. You can even add your staff so they’ve had the training too.

What they have created goes above and beyond anything else in the market. Lesley a self-employed Hair Stylist says: ‘I love how simple it is, they have made this so easy for me. I was worried I would not cover everything and end up getting in trouble. The Government site is OK but doesn’t give me everything I need. SaferSalon does… and very quickly, and I get a certificate and badge for my salon window’.

The SaferSalon Toolkit was designed with the expertise of salon owners, sole practitioners, trainers and H&S experts. Paul Apps Director of SaferTrader explained. ‘As a former salon owner with many friends still in the industry, I understand how much work there can be, keeping on top of health & safety and the training required. This COVID 19 situation has caused real problems for many good people who need to get back to work, both quickly and safely. Confidence for customers is Key.’

After the continuing success of the SaferTrader Toolkit for Tradespeople, the team were approached by several Hair & Beauty firms to see if they could do something similar. The COVID Secure Toolkit for salons is filling a huge void in the market for concise, simple to use and straight forward information for all Hair & Beauty Practitioners. To see for yourself visit

Why financial activities during COVID-19 need to be more efficient

As a business owner, you likely already know that efficiency is key to maximising profits and keeping a trustworthy reputation. But what is more important than ever is increasing the efficiency of the financial activities that you’ve likely been doing for years. During a time when your business has likely taken a financial hit, it is necessary to reopen its doors with a smart approach that brings you optimal revenue.

To help start you on the journey to improving efficiency, below are top ways to tweak internal financial activities.

Automate tasks

To stay competitive in the business world today, your organisation must be ready to automate many money-related activities. For example, send out pay stubs automatically to employees rather than distributing them manually. Invest in cloud payroll to streamline processes, reduce costs, and, above all, improve efficiency. Managing your valuable employees just got a lot easier with intuitive software.

Provide training

While spending time on training employees might sound counter-productive, it is helping to increase your organisation’s profits over the long run. When your team understands how best to use accounting software and what are the optimal financial policies, then they are more likely to improve in their performance. There are many training options, from virtual conferences to one-on-one conversations on Skype, and the outcomes are beneficial to everyone in the organisation.

Improve communication

Provide clear expectations for your accounting team. Doing so is essential as only then will they know what their goals are and how to act in line with company policies and procedures.

Also, be open to hearing their suggestions about how to improve the organisation as they know finances the best. You might even start the dialogue yourself to get their advice on how to increase efficiency; your intelligent team might come up with ideas in their home offices that you hadn’t thought of yet.

Bolster the dialogue between departments

To be at their best, your financial experts need data from across the organisation. Asking for numbers from other teams can be a process that takes significant time. To help improve communication between departments, and, in turn, boost their efficiency, host an interdepartmental meeting monthly.

During this meeting, encourage departments to speak about their current projects and how other departments can help them. It will likely be a virtual meeting, of course, when you have a remote workforce and are looking to reopen business doors.

Creating policies that work well

Many companies lose money yearly by having ineffective policies. Thus, it is integral that your business has clear policies that work well when it comes to payments, especially during COVID-19 when many people are working remotely. For your staff, it’s imperative too that they process contracts within a reasonable time.

From the customer perspective, if they are late making a payment, then have a policy in place about when and how to send reminders to them to pay the outstanding amount. Be gentle about these reminders as it is a sensitive time for many during the pandemic.

Increasing efficiency from a financial perspective during COVID-19

While change is not always easy, it can bolster annual revenue and spur growth, which makes it well worth the effort. The suggestions above are great ones for a business to use to improve their speed of financial activities, from automating procedures to increasing the level of communication between departments.

Of course, there is no one-size-fits-all approach for improving operations as each business is unique. However, you will find what works for your organisation and also how to customise the activity over time.


Why togetherness is crucial right now for companies

Businesses are facing unprecedented interruption due to the Coronavirus. While many employees are working from home this is causing so many different issues to arise, many that businesses have been prepare for, but some have been a major curveball. From the perspective of any business, there are so many problems highlighted by the coronavirus; what are the key issues that each company needs to address at this juncture? They all, interestingly, arise from a lack of togetherness.

While there is a major threat to businesses in terms of cybersecurity, one of the overlooked elements of keeping a business secure comes from moral counterpoint. Due to employees working remotely the lack of cohesiveness and culture as a company begins to prevail. Stepping up a sense of togetherness during this time will work infinitely. But this is where businesses have to get creative. It’s not just about the regular Zoom meetings but it’s about finding subtle ways to incorporate a sense of togetherness, which could be all the way down to the dress code to implement a uniform sense of togetherness. Incorporating little things such as logos and branded lanyards can be a simple reminder of an employee being part of a larger framework. Companies such as have seen a spike in interest due to businesses scrambling together for a sense of togetherness through those little components. Employees that work remotely may not feel part of a team. As a result, this requires a significant amount of creativity to ensure that the moral framework remains intact.

Ensuring that employees remain vigilant is also important during this difficult time. There are certainly many people going back to the office due to necessity, but it is still important for employees to exercise a security mindset. One of the major issues arising from the Coronavirus is the increase in fraudulent activities. In fact, there has been COVID-19 malware as highlighted on that can rewrite MBR and completely wipe PCs of essential data. As such, leaders need to remember the importance of communicating a vigilant mindset. As businesses have seen a major shakeup, the most important way for companies to survive this difficult time is to embrace a sense of togetherness.

Despite the many lessons arising from the pandemic, the one lesson many entrepreneurs can learn from this testing time is how to lead a team. Morale is at an all-time low and while things are coming back to normal there is still the potential for a second wave of the virus. Leaders have to address their own insecurities and fatal flaws. Businesses are seeing an extremely rocky time and this means that while many have had to furlough their employees, others have had to get creative in how they acquire custom. This can mean togetherness is at an all-time low. However, it’s during these tough times that businesses can prevail as long as employees and leaders stick together. It is not a time for business leaders to jump ship. Rather, this is more the opportunity for sticking together in the face of adversity.