Starting and running a business has always been a risky and unpredictable endeavor. Since 2020, however, conditions have gotten more uncertain than ever. How do you prepare for the unknown, especially if you don’t have massive cash reserves to draw from? Here are 7 business tips to help you navigate uncertain times.
Any business with a website needs to pay attention to cybersecurity. It’s important to protect your site against hacking, malware, ransomware and other attacks. A cyber attack can be more than just a nuisance. It can cause serious damage to your reputation and business. The following are 10 important cybersecurity questions to consider for 2020.
One of the biggest shifts in the U.S. economy in recent years is the drastic increase in oil production. The U.S. has increased oil production more than 60 percent since 2013, to more than 12 million barrels per day. While the U.S. once had to import most of its oil, it’s now the world’s largest oil producer.
This seems like it should be great news for the U.S. economy. After all, oil drives so much of the economy in industries from transportation to hospitality. However, there can be a downside to all this growth. Whenever we see a spurt in growth, there are losers as well as winners. There’s also been a recent cutback in oil production that many businesses weren’t prepared for. While the oil industry as a whole is still strong, there have been quite a few bankruptcies in the oil industry recently.
Riviera Finance, a nation-wide freight bill factoring company can help freight providers for Stanley Black & Decker affected by the IPS Worldwide bankruptcy to get paid on their current invoices. Riviera will guarantee the credit of any invoices they purchase so the carrier can eliminate credit risk and will be paid within 24 hours of verified delivery.