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Are you worried that your business might not work out? 

According to the World Bank, 26% of businesses across the world were non-operational in May 2020 at the height of the COVID-19 pandemic. This was obtained from a survey on about 26,000 business owners in over 50 countries. This statistic may include temporary and permanent closures during the time of the study. However, according to Facebook and Small Business Roundtable, there is a 14% increase in small businesses’ permanent closure in February 2021 from October 2020. Such an alarming rate puts a strain both on the economy as well as the people—customers and especially business owners. 

The pandemic was an inevitable issue that businesses—especially small-to-medium enterprises (SMEs)—had to adjust to. Overall behavior was controlled and it affected how customers behave which was a challenge to certain businesses. Until now, the aftermath of the global catastrophe can still be seen in the traces of businesses’ innovations. 

Even before the pandemic, businesses already face a number of short-term and long-term problems in areas such as human capital, innovation, profit, taxes, and marketing. Working out a business, no matter the size, is not a walk in the park. This is especially true when running a long-term business. Along the way, changes from in and out of the entity will either slowly or abruptly change how it operates. And sometimes, business closures can be due to its internal issues. 

If a business is not taken seriously in the first place, it will never work. Cases like passing down a family business to a kin who is not interested in it would very much likely lead the business to an uncertain fate. For a business to succeed, the entrepreneur themselves should be invested in the activity. 

According to an article from Forbes, one of the predictors of entrepreneurial success is creative and positive thinking. Optimism is an important element of working anything out, especially a business. It is what pushes people to go beyond their limits and outsmart themselves. Moreover, optimism indeed enhances productivity. 

So, are you stuck on business stressors? Are you planning to open a business but you feel you might not be equipped to be an entrepreneur yet? Don’t worry, you’re in the right place! 

Our team believes that among the most important elements of a business, you—the entrepreneur—is the most essential. And we are willing to invest in your happiness to help you succeed.

Stay alert, stay safe

Protecting Yourself from Phishing Scams

With the rise of phishing scams, GL Success remains committed to protecting our users with our very best efforts. We would also like to remind users to be cautious when shopping online. Here are some ways you can stay vigilant:

1. GL Success will never request the following information through email, anyone, or chatbots:
– Password
– Mobile number
– Home address
– Credit or debit card numbers

2. Secure Payments:
All payments to GL Success are processed exclusively through our official website using secure channels. We will never ask for bank transfers or payments through external platforms.

3. Do not click on external links that seem suspicious.
– Website Verification: Always verify the website URL before entering any sensitive information. Legitimate GL Success websites use the format https://glsuccess.com/xxxx.

4. Reporting Suspicious Activity:
If you encounter any suspicious activity or receive unsolicited requests for personal information, please report it immediately to connect@glsuccess.com. We will not hesitate to report to the police and work closely with them.

We urge you to be vigilant and follow these safety tips to protect yourself from phishing scams. Thank you for your cooperation in keeping everyone safe worldwide.

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