Day: August 4, 2020

5 key challenges to overcome

Starting a business is a huge accomplishment for most entrepreneurs. Not only that but in most cases, it’s the fulfillment of a lifetime dream.

Starting a business does, however, involve a lot of challenges.

Before anyone starts their own business, it’s always a good idea to enlist the help of business consultants, which can be worth their weight in gold, pointing to opportunities for growth and preventing troubles before they start. Here are five of the critical challenges to overcome when starting a business.

Depending on a Single Client

Everyone has to start somewhere but to keep a business going, it must rely on more than a single client. Instead, a business owner must try to have as many clients as they can reasonably serve. Otherwise, if that client’s business were to fail, a dependent business will fail also.

Manage Cash Effectively

Whether it’s an individual or a business,

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Hays Travel to cut up to 878 jobs as pressure on tourism sector increases

Hays Travel is to cut up to 878 jobs from a workforce of 4,500, the firm has announced.

Owners John and Irene Hays blamed the government’s advice against all non-essential travel to Spain and the changes to furlough conditions, saying these two things had left them with “no choice”.

They said: “We are devastated that after all of our efforts and the huge investment we’ve made we now face losing some of our valued employees, through no fault of their own.

“Following the decision to ban travel to Spain and the changes in furlough conditions coming at the same time, we have had no choice.”

Sunderland-based Hays Travel is the largest independent travel chain in the UK and it hit the headlines in October after it rescued more than 500 Thomas Cook stores from closure.

At the time, Hays said it had taken on almost 600 Thomas Cook employees and

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Bloomberg reporter Waller departs for business school

Hailey Waller

Hailey Waller, a reporter for Bloomberg News, left the news organization on Monday and plans to attend business school.

Waller has been accepted into the Marshall School of Business at the University of Southern California.

Waller was originally scheduled earlier this year to move to London to cover energy, but the pandemic ended those plans. She has been at Bloomberg since September 2016, first as a producer at Bloomberg Television and for the past year as a reporter in New York.

Waller also interned at Bloomberg.

Waller is a graduate of UNC-Chapel Hill in business journalism. While in school, she worked for Business North Carolina and the North Carolina Business News Wire.

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