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What to expect in occupational health and safety standards post-COVID19

COVID-19 has changed the way people have been living their lives. Experts are being more comfortable with the idea that everyone will be living with the threat of the virus for the long haul.

Because of this, Michael Saltzstein reminds us all that this is not the first time the world has had to co-exist with a health threat. Furthermore, people can expect some trends to develop in occupational health and safety standards following this pandemic.

To begin with, companies may generally take on a hybrid approach to employee attendance. Before the pandemic, workers were required to report to the office and spend a fixed time doing work in the confines of a common space. Now, people have been forced to stay at home and use the internet to connect to one another. Chances are, this practice will be made into a more regular aspect of business operations, to keep the number of employees present in the office to a minimum, mentions Michael Saltzstein.

Experts have also predicted that C…
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The elements of a post-COVID-19 business recovery plan

Many businesses today have been forced to close down due to the COVID-19 pandemic. Others who still survive are not operating as robustly as they used to, and many of these are already beaten to within an inch of their lives. Business expert Michael Saltzstein shares a plan for companies who are still clinging on to some hope for a better future post-COVID-19.

Keep displaced workers at bay.

You might have had to let go of some people to downsize your company and make it manageable for your business to survive. Give your displaced workers preferential treatment if they are still looking for a job when you get over the pandemic. It helps a lot that you get back people who are already familiar with your line of business.

Explore work-from-home as a permanent operation.

Take this time as an opportunity to assess which aspects of the work can be done at home for the long haul. If there’s one thing that you can expect from this pandemic, it’s the fact that work-from-home will become a pr…

Overcoming entrepreneurial adversity

Whoever thinks that a business is exempted from adversity must be creating a highly idealized picture of reality in their imagination. It might even be argued that as a business grows, it becomes more susceptible to all kinds of challenges. As far as Michael Saltzstein is concerned, adversity is a part of any business that endeavors to succeed. Here are a few ways to prepare for it.

Invest in good relations with others

Good relationships pave the way for help or assistance to come in naturally when a business needs it. Many business owners form quality relationships with business partners in the industry. Just maybe, one of the relationships you are fostering today will save you in the future. There is absolutely nothing wrong with bringing in a helping hand.

Surround yourself with smart people

Early on, invest in the kinds of people who will turn out to become assets in your company. Give them opportunities to grow, so they will choose to remain with you for the long haul. If …

What business leaders are learning from the Coronavirus outbreak

The onset of the Coronavirus or COVID-19 has been a shock to businesses throughout the country. Because of state-wide lockdowns and preventive measures, almost every business has had to adjust in one form or another in order to ensure the continuation of operations and secure the safety of employees. Unfortunately, not every business can operate under these new conditions. Michael Saltzstein predicts that this outbreak will force most businesses to adjust to a new reality. And while this outbreak will eventually pass, it shouldn’t stop business leaders from learning something new from this unique experience. Here are some lessons business leaders are learning from the pandemic.

Business continuity plans were tested

It’s hard to imagine a multinational corporation ceasing operations. That is until now. Seemingly large operations that may seem too big to stop had to grind into a halt. Businesses that have emergency continuity plans have had those plans tested. And those who don…

Three skills all successful leaders develop

Michael Saltzstein firmly believes that most of the successful business leaders in the world have similar mindsets. One of these mindsets is the determination to acquire and develop new skills continuously.

For this blog, Michael Saltzstein shares three crucial skills, which the most successful entrepreneurs have developed throughout their careers.

Hiring and managing effectively: While hiring and managing people are skills that every entrepreneur should have before they even set up their first business, hiring and managing people effectively is a different matter altogether. A company goes through different stages in its existence, and develops many moving parts, knowing how to hire and manage people throughout these stages and in the various departments and teams is a key leadership skill.

Utilizing the latest technology: Almost every business today is driven by technology. On the downside, so many companies close down because owners don’t adopt or invest in technology. Anot…

Why you should insure your business

So much finance is necessary when starting a business that it can sometimes leave the entrepreneur vulnerable. While businesses are always a sort of gamble, it shouldn’t have to be one that goes all out where the loser has to lose everything. This is one of the reasons why entrepreneurs should have their businesses insured, says business expert Michael Saltzstein. Here are other solid reasons why you should insure your business.

Protect your personal finances: If an uninsured business faces sudden hardships, entrepreneurs could be forced to use their personal funds to repair the sinking ship. For example, a business that’s sued for whatever reason will always assume that the owner be personally liable because of their level of involvement in the business. Not having insurance could wipe your finances clean with just legal fees alone.

It’s inexpensive compared to other expenses: Financial literacy isn’t taught to every entrepreneur who’s starting their own business. Some busine…

Building the brand: Looking at and dealing with business risk

Michael Saltzstein believes that there can be no success without risk. This belief is also something that the greatest entrepreneurs have in common. However, risk comes in many forms. For huge businesses, corporate threats are everywhere, which is why it is paramount for leaders to come up with risk management strategies. The successful identification of risk factors is just the first step. Entrepreneurs also need to know how to deal with these potential threats to the business.

According to Michael Saltzstein, learning how to analyze risks can give a business leader an advantage, especially if and when they know which risks should be dealt with immediately, and which ones to use as avenues for learning and growth.

Take, for example, acts of negligence that would lead to unfortunate events such as customer injury or any damages that may happen to their properties. The possibility of such events may cause the company thousands, if not, millions of dollars in legal fees if the…