If your company has more work than it can manage, you and your employees become stressed out by trying to stay on top of everything. This is usually a sign that you need to hire a new employee. However, it's better to avoid waiting until you're drowning in work to hire a new employee. [...]
When you start a small business, it’s normal to take help from whatever sources are at your disposal. If a friend is willing to come up with capital, say yes. If you find the perfect employee to be your administrative manager, hire them immediately. If you hear of a great firm that can do [...]
So you’ve finally managed to get up the courage to leave your job and start a small business. Congratulations. You’ve already done what so many people dream of doing. You’ve taken a leap of faith. You’ve conquered your fears about what may happen and you’ve tried to make your dreams come true. Now what? Unfortunately, [...]
Your company is there to earn money—not lose it. Even if you're not in the negative, it's possible that cash is slipping through your fingers without you realizing it. You don't notice the money leak because the problems that cause it aren't in your face. For example, if you have a rude employee, he/she [...]
When you first start a business, there are going to be many things to take care of. Are you making a product? In that case, you’ll have to buy raw materials, set up a production facility, transport your product to various outlets, create a marketing plan and work with a sales team. Your final aim [...]
Nowadays, there can be a lot of turnover in any organization. It’s hard to find employees who will stay with you for the long term. So when it’s time to hire a new employee, you might need to know the answers to a few questions first, such as whether having that employee as a part [...]
Data-driven decision management is the state of the art in business management. The most efficient businesses are run by owners and managers who make decisions based on the data that their businesses generate rather than based on hunches or ideas about why their business performs the way that it does. According to the MIT [...]
We all get in our day-to-day routines. Waking up, getting a shower, eating breakfast, going to work, settling in at your desk, going home -- we can get so into our routines that we never really stop to notice the things outside of it. But never fear! We are here to help you take [...]
Article Highlights: What Is a SEP? Contribution Limits Employee Coverage Requirements How to Establish a SEP SEP Distributions What Is a SEP? If you are like many small business owners, you probably find the year-end period to be a very busy time. You can’t close your books and determine your business’s profit until after the [...]
From time to time business owners will replace vehicles used in their business. When replacing a business vehicle, the tax ramifications are different when selling the old vehicle and when trading it in for a new vehicle. If the vehicle is sold, the result is reported on the taxpayer’s return as an above-the-line gain or [...]