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According to the Federal Emergency Management Agency (FEMA), at least 40% of small businesses in the U.S. collapse permanently after a disaster, and even 25% of those that manage to reopen, fail within a year. The same trend has been evident during the COVID-19 pandemic, with more than 50% of small businesses in the U.S.Read more

Currently, over 40% of U.S. workers are telecommuting due to the current pandemic-related measures according to a Stanford University study. As some organizations cautiously begin to reopen, some workers intend to keep working from home even after the pandemic, as reported by the Society of Human Resource Management (SHRM). This means that in 2021 and beyond,Read more

Starting a business requires passion and financial support. But so does growing a business. No matter where you are in your business’s life cycle, a business loan can help you get started or address specific needs along the way. Many businesses already sought out funding to aid their operations, but COVID-19 has pushed many moreRead more

A little stress is part of every business. Work stress can be brought on by a number of reasons, such as increased workload, deadlines, changes in staffing or bullying. Any employer will know that stressed and unhappy employees are not the most productive and effective, which is why it pays to keep workplace stress atRead more

Entrepreneurs and business owners can often pay hundreds to thousands of dollars to work with business mentors. They seek guidance to help them find their purpose and hone into their operations to encourage business growth. However, there is not just one person that can give you everything you need when it comes to mentoring. ItRead more

As a business owner, you have a duty to be fair when hiring and firing. Although every business hopes that each hire turns out to be a positive one, there will inevitably come a time when you have to let an employee go. It’s important that this is handled and communicated carefully, as one wrongRead more

Economic Development Collaborative Assists CA Manufacturers Impacted by COVID-19   The Economic Development Collaborative will work with CMTC’s California’s Manufacturing Network to assist California manufacturers survive, recover, and thrive throughout the ongoing pandemic and beyond.   CAMARILLO, Calif. – The Economic Development Collaborative (EDC) is pleased to announce a partnership with CMTC’s California’s Manufacturing NetworkRead more

Teamwork makes the dream work. It’s a decent saying, but there’s a lot missing from the statement. When it comes to improving teamwork, defining what improvement looks like is the first step. A business owner cannot simply ‘improve teamwork’ for the sake of improvement alone. Instead, you and your team must assess and strengthen together.Read more

When you are on the receiving end of an angry customer call, you may just want to cut your losses and hang up. Unfortunately, unhappy customers are all part of running a business. With the customers that are loyal and talkative about your brand, you will also receive customers who are unhappy and vocal aboutRead more

COVID-19 forced many businesses to dive into remote work without any notice and without any solid strategy in place. While many businesses and employees adapted to the newfound work setup without many hurdles, others floundered as they were finding out how to work outside of the office. As companies look to an increasingly remote future,Read more