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Inspiring, reminding and engaging your current team with the change in vision and mission is vital to the success of your company. Talent acquisition is the driving force behind any growing small business. Finding the right talent has been difficult over the past few years. For many small businesses, superstars are becoming harder to find, even harder to hire, and extremely difficult to retain. Many simply blame it on the younger generation, who do not recognize the opportunities to earn through hard work, perseverance and learning. It is a fatal flaw that must be avoided at all costs. Have you…
Angle down icon An icon in the shape of an angle pointing down. The Fed expects to lower interest rates three times next year. Liu Jie/Xinhua via Getty Images Inflation is almost at the Fed’s 2% inflation target, and interest rates are expected to fall in 2024.Many economists say the US has achieved the long-awaited “soft landing” due to a strong jobs market.GDP growth also surpassed expectations but is expected to slow next year. The economy was robust in 2023, with many economists saying the US will soon achieve the long-awaited “soft landing.” But leading up to the 2024 presidential election,…
For over 100 years, the United Fruit Company (UFCO) has been for many politicians, activists and historians the clearest example of an overwhelmingly powerful corporation and a true symbol of “American imperialism”. The company has been portrayed as a ruthless exploiter with a political stake in the fate of Central American and Caribbean countries. For example, an extensive literature blames the company for the overthrow of the Guatemalan government in 1954, after President Jacobo Arbenz confiscated vast tracts of land that the company had acquired through questionable means several years earlier. However, several more fully informed works challenge the standard…
The best ways to increase business revenue in 2024Getty As a business owner, making more revenue is always on your mind. Whether you're a small business owner or a large corporation, increasing your revenue is essential for growth and long-term success. But the business environment is constantly changing, and it can be difficult to keep up with the latest strategies and trends. Take some time to think about the goals and objectives you want to achieve with your business. Making more money from your business opens up many opportunities. With more money, you can invest in new equipment, hire additional…
Nelly Acarp Every business experience from the past year will provide insight into how to move forward.Getty I'm not one to dwell on the past. But at this time of year, I find it helpful to reflect on the successes and lessons learned in business over the past year. After all, every experience, good or bad, can bring insights into how we can move forward in a way that works better for ourselves and those around us. So, without further ado, here are some words of wisdom I will be taking home with me in 2024. These themes are universal…
Bastien Dagzan will step down from his role as CEO of Jacquemus with immediate effect, a spokesperson for the brand confirmed.“I would like to thank Simon for his trust and the incredible journey we have been on with our team. He has always been a great source of inspiration and I am very proud to have been a part of this adventure.” Dagzan said in a statement.Dagzan officially joined Jacquemus as CEO in May 2022, but he has had a long-standing relationship with the brand. He consulted Jacquemus when he was Paco Rabanne's general manager and a regular at its…
Elon Musk knows a thing or two about starting a company, but his advice to aspiring entrepreneurs might not necessarily inspire them. 'If you need encouragement to start a company, don't do it,' Tesla and SpaceX CEO warns in space conversation ARK Investment Management CEO Cathie Wood on Thursday. She says, “If you need encouragement, you should quit because the chances of failure are very high.'' Of course, Musk needed little encouragement to turn his company into a behemoth. In 2008, wired When I asked Musk how he stayed optimistic as SpaceX's rocket after rocket failed, the billionaire's response showed…
Small and medium-sized businesses rely on modern technology to power their businesses, empower their employees, and meet customer expectations. In 2024, the hot technology is artificial intelligence. However, it remains to be seen how small and medium-sized businesses will integrate AI. Just over 1 in 10 (14%) say they currently use AI.3 Meanwhile, nearly half (45%) say they are concerned about integrating AI solutions.Four In 2024, the business functions in which small and medium-sized businesses are already using or considering the most use of AI are:Five 50%: Social media/marketing 46%: Order processing 46%: Data analysis 46%: Inventory management and…
The outlook for the U.S. economy is looking increasingly brighter. Economists at Goldman Sachs and Bank of America are predicting that the US will head for a so-called soft landing in the new year, as the Federal Reserve's interest rate hike campaign is likely to tame inflation without triggering a recession. This optimism was further bolstered last week when the Fed suggested it would keep interest rates on hold and potentially cut them three times in 2024. Fed Chairman Jerome Powell struck a dovish tone in his press conference, sparking a rise in the stock market. The S&P 500 is…
The December 2023 issue (II) of Business Review magazine has been published in digital format. The cover features the main story entitled “A visionary leader entrusted with the consolidation of CPI’s portfolio in Romania”.To download the magazine in digital format, please fill out this form and we'll send you a PDF version. Editorial: Preparing for a better 2024 Anda Sebesi, Editor-in-Chief of Business Review “2023 was a challenging yet fruitful year for many sectors in Romania, from banking to retail and logistics, e-commerce and real estate. Consumer spending fell after several years of sustained growth. Paradoxically, however, while sales volumes…