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Performance management plays a vital role in a company, but many lack a clear process that allows employees and managers to communicate about performance openly. The right management system can improve employee motivation, organizational growth, and work product.

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A business loan can be secured or unsecured, depending on the lender. Secured business loans require collateral. This can be your inventory or business property. Unsecured loan offers may come with no collateral, or even a personal guarantee. Your assets can be at risk.

Getting a loan for a small business with a bad credit score or an extensive history of late payments can be incredibly difficult. The best strategy is to shop around for the lowest interest rate and a business loan that offers the features you need, such as flexible repayments.

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