economy Archives

Jul12022 by Paul LinusNo Comments

Budgeting tips during economic downturn or recession

Finance

Budgeting is a necessity these days. It is becoming more apparent every day. Seventy percent of America is coming up short on bills, rent, and food at the end of the month. The economy has suffered a huge hit. Everyone knows this. This recession has not rebounded like economist have stated. America still has an unemployment rate that is entirely too high. There is a lot of talent that is still out of work. All of this has put America in a huge crunch. I say this because if you do not know exactly how much money you have, and how much debt you have, then there is no starting point. We are going to change that. You have got to get organized. Put all of your bills on the table. This may need to be done every day when you are just starting out. Go through your mail everyday. Know what y...

Apr12022 by Paul LinusNo Comments

Managing employees during tough economic times

Business

Managing a group of employees during good economic times can have its ups and downs. But what about supervising a group of workers during layoffs, downsizing, and furloughs? The negative effect on worker morale and productivity can be overwhelming. The following toolbox can help managers stay positive and keep employees motivated. Honest and Frequent Communication Keep employees notified of global economic impacts for the organization. Set regular meetings with employees to answer questions and keep everyone informed. Dena Uding of the California Department of Water Resources says open communication is key. When potentially bad news is about to break, Dena says sharing the known and unknown facts with staff first helps keep rumors from spreading. Being honest with employees al...

Jun262021 by Paul LinusNo Comments

Businesses require different functionality in today’s world

Business

Environmental sustainability and maintaining an acceptable image in the minds of a public that is aware of what is happening in the business world, and adapting business organizational structures to the knowledge businesses created by modern technology are some of the other major issues. Knowledge Businesses When industrialization started, capital equipment was the major strategic asset of a business. The equipment enabled large volume production at costs much less than with manual labor, thus conferring a competitive advantage to businesses using them. The situation is different for today's businesses. Fast changing developments in modern technology result in new products that make traditional products obsolete. Additionally, businesses that know how to leverage the ever-chan...

Sep12020 by Paul LinusNo Comments

Economics and personal finance – Tips if lost job during COVID-19 pandemic

Career

Economics and personal finance - It may be cruel, but it is not illegal. Being fired, laid off, or just having the company close its doors during the COVID-19 pandemic is not new, and is, unfortunately, becoming more common. Everyone around seems to be in dilemma, except for those to whom the present condition is just another drain on diminishing resources and loss of dignity. Practical Steps to Dealing With the Loss of Job and Loss of Dignity First of all, with respect to economics and personal finance, stop playing the "what if" game. It's doubtful any employee could have truly predicted when the axe would fall. Stop blaming yourself and/or others. It's a waste of personal energy and time when efforts need to be conserved for the rocky road ahead. No sugar plum coating here – t...

Jul92020 by Paul LinusNo Comments

Wealth solutions – Use economic indicators for investor’s edge

Business

Wealth solutions - An excellent example of a guide or financial advisory consultant is “The Atlas of Economic Indicators,” by W. Stansbury Carnes and Stephen D. Slifer. It is loaded with visuals for simplification and available in paperback. Economic indicators are business-related data, published regularly by the government – items like personal income and consumption, the inflation rate, the unemployment rate or GDP - which taken together indicate how well or poorly the economy is doing. They can also suggest how well or poorly it will do in the future with respect to wealth solutions. Financial advisory consultant says when these indexes show investors their prior assumptions were wrong, the latter can adjust investment strategies. They can tune in to what is really happening ...

Jul42020 by Paul LinusNo Comments

Better finance – money making hobbies

Finance

Better finance - With a difficult economy, many families are looking for ways to earn extra money from home to better finance their living. Using a hobby as a source of extra income takes advantage of one's passion and talents. Money making hobbies take many forms in better finance strategy. Many people miss the earning potential from their hobbies. Take Stock of Hobbies and Talents When looking for ways to earn extra money from home for better finance, take stock of skills, talents and hobbies. Make a list of hobbies that members of the family enjoy. The home business idea can involve the entire family. Do any of these hobbies hold the potential to earn money? Does the family member have strong enough skills in the hobby to make money and keep a hobby-based business running? ...