One of the main reasons why so many people start their own business is to establish a reliable means of generating income. However, this is much easier said than done. There are many things that could go wrong, whether it’s in a natural disaster that renders your business inoperable, a virus pandemic, or an economic collapse. While these unfortunate events are near-impossible to predict and prevent, you can keep your business from going bankrupt. These are a few ways that you can keep your business afloat in an ever-changing economy.

Discard Non-Essential Expenses

One sure way of ensuring that your business does not become bankrupt is to minimize unnecessary expenses. If it’s an expense that does not contribute to the operationality of your business, you might need to cut down on that expense, or better yet, eliminate that expense. As a general rule, if you want to increase the probability of success for your business, you have to minimize your expenses while maximizing your revenue.

Sell Surplus Business Assets

If you don’t get much use out of it, you might want to sell it. Not only will you help equip other businesses with equipment of their own, but you’d also further bolster your finances so that you’re better able to respond to emergencies in the future. The proceeds from the sale of your unused (or under-utilized) equipment could even help you buy the equipment that you do need.

Prioritize Debt Repayments

If you’re paying off debt, it’s important to prioritize which you pay off first. You have to pay off those which have the highest interest rates first, especially if it’s a secured loan. With unsecured creditors, a safe approach is to treat all of them equally, which entails that you have to pay all of them something.                                  

Review Your Business Plan

Your business plan is the blueprint of what you want your business to be. This is going to form the entire basis for how you want your business to succeed, and it will often help you focus your efforts. It’s also important to review your business plans every now and then so that you’re able to adjust your direction according to the demands of the market. You have to ensure that your business plan reflects the current state of your business so that you’re able to make the necessary adjustments to your plans.

Address Problems ASAP

Ignoring problems will rarely have a desirable outcome. Sometimes, even the mere delay of a solution can damage your business significantly. If there are any problems that would affect your business, you have to address them immediately. A good example is if you’re having difficulty paying your employees or if it’s taking too long to do the accounting, you might want to consider utilizing a ytd pay stub instead to help streamline the process.

Running a business is not an easy venture. You have to be able to manage your resources as well as your teams properly in order to maximize your chances of growth and success. It’s far too easy to crash a business, especially if you lack the experience to manage one properly. May this information aid you well in steering your business on the right path.

Women who experienced harassment are now more likely to speak out through social media and news outlets to share their own stories. The downfall of media mogul, Harvey Weinstein, led many women to come out and name other influential celebrities with incidents of sexual harassment. Here are some of the Hollywood men with accusations of sexual assault or harassment:

Ben Affleck

The Batman-actor was accused by MTV host Hilarie Burton of groping her in a 2003 “Total Request Live” appearance. Affleck, upon realizing the consequence of his past action, immediately sent an apology statement. Ironically, he issued his apology a day right after he criticized the behavior of Weinstein towards women.

Chris Brown

Chris Brown’s career is full of controversies and accusations of aggression towards women and domestic violence. He attacked his then-girlfriend, pop superstar Rihanna, in 2009. Brown pleaded guilty to one count of felony assault, and since then several other women emerged with claims of violence against the rapper.

In 2017, Brown’s ex-girlfriend Karrueche Tran received a restraining order grant right after she reported claims of threats and abuse from the With You singer. The following year, one more woman filed a case against him for holding her against her will while a friend raped her at his home in Los Angeles. Adding to Brown’s reputation was his legal trouble for multiple violent altercations and some fights as well.

In January 2019, a woman reported to the police that Brown, a friend of his, and a bodyguard, raped her inside one of Brown’s rooms. She told the police that several other women were also invited to his hotel after meeting him in a nightclub.

Sylvester Stallone

The world-famous actor and director, Sylvester Stallone, is up against a report of sexual assault back in the late 1980s. A police report from that period, refined by the Baltimore Post-Examiner website and the Daily Mail, indicates an unnamed teen, aged 16 then, gave her consent to have sex with Stallone in Las Vegas in 1986. The woman denied this and told the police that she did not consent to group sex when Stallone invited his bodyguard to participate in the deed. The Nevada law states that the age of consent is 16. Stallone’s representative, Michelle Bega, says that the allegation is categorically false and ridiculous.

Morgan Freeman

One of the world’s prominent actor, Morgan Freeman, is an 81-year old Oscar winner faced an accusation of unwanted touching, sexual harassment, and other inappropriate behavior by eight complainants. The CNN investigation published a report stating that a supposed pattern of abuse on women in movie sets and other events. The actor known for his distinctive voice denied the claim, calling the complaints undermining his 80 years of work in the industry. He added that, to his knowledge, he never promoted unsafe work environments for anyone who has ever worked with him.

R Kelly

The famous singer who popularized “Ignition” and “I Believe I Can Fly” also has his fair share of sexual abuse accusations. The R&B singer has been accused of sexual relations with young teens. The allegations on R. Kelly followed for decades, and another set of accusers came about acts of sexual coercion and physical abuse. A Buzzfeed report states that Kelly rented houses in Chicago and Atlanta for groups of women who would carry out sexual favors for him, which, of course, the singer vehemently denied.

Final Thoughts

A lot of the accused denied the accusations of sexual misconduct. But the law enforcement agencies prompted investigations which gave victims a little peace of mind. Sometimes, these people use their power and money to get what they want. Thankfully, the local business Clark, Clark & Noonan, LLC, gives proper representation against sexual crimes.