Explore alternative customers If you want to grow beyond your initial customers, Butterfield says you need to be adaptive, responsive, and willing to change the orientation of the company. He also suggests identifying new markets by thinking about who will naturally benefit from your success—a tactic that Pigeonly used as well. Pigeonly originally marketed its platform, which helps people search, find, and connect with incarcerated loved ones, directly to consumers. The company made a successful business out of helping people send mail into prisons, so Hutson realized his team was well-suited to help these same prisons manage their incoming mail. … [Read more...] about The most important startup rule: Play the long game
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Until April 2020, one month into the COVID-19 pandemic, the index saw deviation in certain groups and some indication of increased work stress. In April 2020, however, the index showed a sharp drop compared to the benchmark, highlighting a serious decline in the quality of Americans’ mental health. May brought only a modest improvement, in spite of about half of all the states beginning the reopening process. As a result of the added COVID-19 stress, the mental health of the average worker is now similar to those most seriously distressed before the pandemic. … [Read more...] about Employers need to address their workers’ mental health. Here are 3 ways to start
The city also vows to reinforce social safety nets for laborers, from those in traditional roles to temporary and gig workers. The task force will institute pilot programs for portable benefits, which protect 1099 workers rather than the companies they contract for. “Chicago is the birthplace of the labor movement,” Mayekar says, “and I do think that we can be the birthplace of these new protections for the evolving workforce.” Effective change such as this needs support from legislators, who can levy the city’s funding; that’s why 17 aldermen, or city council members, are present on the committee. … [Read more...] about Chicago’s COVID-19 recovery plan aims to go beyond the crisis to correct historical inequities
Remote work creates the opportunity to build strong thought diversity across levels, functions, and teams. Candidates bring diverse perspectives from being in different locations, as well as coming from diverse backgrounds. These perspectives are important across not only working teams or management but in key roles that impact company practices such as human resources, finance, and tech. Building these types of teams and integrating diversity across key roles are factors in the positive impact on company performance. … [Read more...] about Can remote work really improve workplace diversity?
Tapan Patel, Senior Analyst (Commodities) at HDFC Securities said, crude oil prices traded under pressure on demand growth concerns and supply pressure due to surge in weekly inventories. The fear of restoring lockdown measures due to record virus cases has pressured oil prices with worries over fuel demand growth. The lack of clarity over an extension of output cut deal from OPEC plus nations has also kept investors in dilemma over future trends. … [Read more...] about Crude oil futures decline 2.28%, WTI trades below $39 a barrel