![]() ![]() Newsletter sign-up: Get The COVID-19 Brief sent to your inboxĪccording to Interpol, 2,000 online advertisements related to the coronavirus were found, selling a range of illicit medical devices, such as substandard hand sanitizers, unauthorized antiviral medication and counterfeit face masks.Ĭounterfeit face masks were the most advertised products, accounting for almost a third of the online links discovered by law enforcement authorities.Ībout 326,000 packages were inspected and 34,000 unlicensed and fake products were seized, with an estimated value of more than US$14 million, according to Interpol.The operation took place from March 3 to March 10. Interpol, the international organization that facilitates coordinated worldwide police operations, said in a statement that more than 90 countries took part in Operation Pangea XIII, a co-ordinated operation to tackle the illegal online sale of medical products and medicines. If the client is not matching on one of these three high-level topics, you should consider moving on from them.Interpol said 121 arrests were made related to the seizure of conterfeit medical supplies and medication amid the COVID-19 pandemic. This review should look at the profitability of each client, but also look at clients and make sure they match your values and are part of your strategic goals. John Turner, SeedProd LLCĮvery business, especially professional service companies, need to take time each year to review their clients. You'll find that taking this step will likely save you time and money, as well as improve productivity. There are usually several opportunities to streamline your workflows through this process. You can prepare your business for the year ahead by getting rid of subscriptions you're not using and consolidating your SaaS products where it's possible. ![]() Jared Weitz, United Capital Source Inc. Work with tax and financial advisors to identify areas where you can save. Also, look for areas where you can invest in growing your business. Make sure your personal accounts are separate from your business. Take time to organize your books, review your accounts and digitize what you can. ![]() Organize Your Books To See Where You Can SaveĮvery business should do a deep scrub into their books. Make sure this is clearly communicated, documented and tracked. I suggest starting a spring clean by evaluating the current work of staff members and then associating their role and duties with a quantifiable metric. Many business owners fail to fire, hire and promote using KPIs, or even set and track them in the first place. Proper management of your team is an essential element to success. So ask yourself: Did I meet the goals set for the previous year? Am I on track to meet my intermediate and long-term goals? How valuable are these goals I've set? How do I set them? How do I execute them? - Samuel Thimothy, OneIMS When you’re a business owner, a lot can go stale-your goals, standards, operations, employee motivation and agency, customer relationships, marketing and product ideas and more. This makes you think through your operations and processes more so you can be more effective. Canceling your credit card will make you really think about which services you need to continue to pay for that you can transfer your new card details to. You may be overpaying for services you don’t need anymore. Each year, you should evaluate your vendor partnerships to determine which ones to keep, which ones to terminate and which ones to renegotiate. Companies often waste resources on renewals and fee increases with vendors who don't always have their best interests in mind.
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