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Why Paying More Than Minimum Wage Is Good For Your Business

Sep 07, 2013 · Experts and authors Rieva Lesonsky ( Start Your Own Business ), Eric Tyson ( Small Business for Dummies ), and Barbara Weltman ( Small Business Survival Book) helped provide us with five important reasons why paying more than minimum wage is good for your business. 1. It’s Good Advertising. Small businesses and their owners are often deeply

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5 Things Every Small Business Owner Should Know About The ...

(52 years ago) Apr 15, 2021 · The $1.9 trillion American Rescue Plan Act of 2021 aims to help the American economy recover after a long and difficult year of shutdowns and hardships related to the COVID-19 pandemic. If you’re a small business owner, here are the five things you need to know about it: 1. More businesses are eligible for PPP […]

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Difficult Employees: 5 Things I've Learned About Dealing ...

(52 years ago) Jun 03, 2019 · Tips for Dealing with Difficult Employees. 1. Accept that every employee is a problem employee. For a while, I would get annoyed when people didn’t behave the way I would behave in a professional environment. I would get frustrated when someone didn’t demonstrate the same work ethic or just said things I wouldn’t say.

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5 Ridiculous (or Not) PTO Ideas You Should Probably Consider

(52 years ago) Sep 17, 2018 · 5. Sabbaticals. Also not a ridiculous perk. Many firms are offering employees up to three months of paid time off every five years or so to do something completely unrelated to work. Avoiding burnout, putting things into perspective, and living a fuller life can make for a better person and a more productive employee.

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Millennials Mean Business for Your Small Business

(52 years ago) Aug 09, 2014 · Millennials in Small Business. Recent studies indicate that Millennials favor smaller businesses. According to a 2012 report by Payscale, 47% of Millennials in the workforce are employed by small businesses of 100 or fewer employees and 30% for businesses of 100-500 employees. Only 23% work for larger companies, according to Payscale’s ...

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The Most Important Questions to Ask When Hiring Remote Workers

(52 years ago) Jun 11, 2018 · The future of work is remote work. Gone are the days when everyone punched timecards and clocked in. In those days, managers would dedicate part of their day to monitoring employee attendance, while employees wasted productive hours making sure they were accounted for.

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7 Tips for Effectively Managing Remote Employees | SBA

(52 years ago) Jun 15, 2015 · Discover the 7 most important rules for managing remote employees effectively and you will be able to increase engagement, set clear expectations, and improve employee satisfaction. Follow our simple do’s and don’ts to train and manage your work from home employees. Learn more now.

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How to Deal with Difficult Employees | Toxic Employees

(52 years ago) Sep 23, 2019 · Employees can be the most valuable assets for your business, but difficult employees and toxic employees can both hurt your business in different ways. Learn how to deal with difficult employees, including staff that is lazy, disgruntled, or toxic to your company culture.

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9 Ways You are Demotivating Your Employees - The Hartford

(52 years ago) Nov 10, 2017 · 3. Be a bad listener. When your employees come to you with problems, your job should be to solve them rather than to let them fester. But let those problems fester. Let them grow. Don’t acknowledge that these problems even exist. Turn a blind eye. …

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3 Big Post Covid-19 Opportunities - The Hartford

(52 years ago) Dec 09, 2020 · 3 Big Post COVID-19 Opportunities For Small Businesses. The COVID-19 pandemic has created a significant economic downturn. That’s a fact. But what’s also a fact is that economic downturns create significant opportunities for business owners who have the wherewithal to take advantage. And this downturn is no different.

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How to Turn Introverts Into Star Employees at Your Small ...

(52 years ago) Oct 21, 2014 · Solicit feedback via writing—such as via email—rather than expecting everyone to speak up in meetings. With nearly half of all U.S. workers being introverts, it only makes sense that companies take steps to recognize their value and turn them into rock star employees. Next Steps: Imagine a world where your employees show up on time, work ...

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What to Do When Employees Ask for a Raise…But Don't ...

(52 years ago) Apr 22, 2019 · Remember the days when you kept your head down, worked hard, and hoped for the financial best? With “best” being defined as a meager 2-4% annual raise, which wasn’t even guaranteed, and if you were lucky enough to receive a raise, the majority of it would be swallowed by taxes. If your employer didn’t come […]

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Hire Managers to Run Your Business - The Hartford

(52 years ago) Feb 12, 2018 · Being a manager is a special skill set. It requires a great deal of talent to supervise, monitor, evaluate, and motivate a group of people. It requires patience, documentation, attention to detail, empathy, and trust in others. Many of us — business owners who …

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How and When You Should Offer a Candidate a Job

(52 years ago) Jun 15, 2018 · First, a call is the quickest and most direct way to extend an offer. It eliminates the possibility of postal snafus and emails going to spam folders. Second, a phone conversation lets you personally connect with the candidate and address any doubts or questions.

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14 Things I've Learned About Working at Home - The Hartford

(52 years ago) Jun 24, 2019 · This year will be the 14th year that I’ve officially been working from home.. In fact, not only have I been working from home, but also I’ve been running a business from home all this time. A real business: with employees, contractors, customers, suppliers, and all …

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What to Do When an Employees Bullies a Coworker

(52 years ago) Feb 16, 2017 · A verbal warning may be sufficient for a first-time occurrence, but if the bullying continues, a written warning, counseling, demotion and ultimately termination may be warranted. To protect yourself legally, document the details of the incident and your discussions with both the victim and the offender. Provide support to the bullied employee.

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Our Affiliates - The Hartford

(52 years ago) Our affiliate list is made up of companies we partner with. We do receive compensation from these companies, but our endorsement comes first. These are companies that we have partnered with. Check them out. They might just be what you’re looking for. Accessing small business funding shouldn’t be complicated or time-consuming, so Kabbage ...

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Home-Based Business Owner? Watch Out for These 5 Big Risks

(52 years ago) Apr 21, 2017 · Watch Out for These 5 Big Risks. Kelly Spors. Many home-based business owners treat their operations informally—but you shouldn’t. While running a business from home may indeed afford many comforts like working in your pajamas or taking breaks to walk your dog, there are still many potentially serious risks for which you need to be prepared.

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How to Set Up a Profit Sharing Plan that Fits Your Small ...

(52 years ago) Jan 02, 2018 · First of all, everybody creates pools. It’s 10% but we have $100 in profits, $10 of it is gonna go to profit sharing. Then what happens is, I have companies that-. Elizabeth: Wait, back up a minute. So you have profits-. Gene: And then you say your profit sharing plan …

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Angry Employees: How to Deal with Them Quickly

(52 years ago) May 11, 2018 · Approach With Calm. Don’t match angry behavior with anger and don’t get pulled into a battle — this will only escalate the issue. Speaking in a calm, even voice will trigger your employee to dial it down because your actions subconsciously encourage them to copy you. Also, watch out for what you’re doing with your facial expressions and ...

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What to Do About an Employee Who Won't Stop Gossiping?

(52 years ago) Mar 10, 2017 · Here’s how to deal with employees who gossip too much. 1. Give Gossips Less to Gossip About. Think of a gossip like a fire: The less fuel you give it, the less it will spread. One way to do that is to be more transparent about your business. Gossip can often revolve around questions like who is being paid what, whether bonuses are being given ...

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How to Fire a Horrible Client (with Sample Scripts)

(52 years ago) Apr 09, 2018 · Script #2: You’re Raising Rates. In this scenario, you want to double (or more) your rate to guarantee you’ll price out your bad client. “Mike, it’s been a privilege to work with you and your team. I know you had other options on the table and when we learned you …

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Best Business Security Systems for Small Businesses 2021

(52 years ago) Jul 19, 2021 · Business security systems have become essential to small businesses of all types. The number of choices available can make choosing the best system a challenge, whether you operate a restaurant, office, retail store, or even a home business.Our goal is to help make your choice easier.

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Survey Finds Generational Sentiment Gap in Small Business ...

(52 years ago) May 12, 2020 · The Covid-19 crisis will undoubtedly cause small businesses to seek external funding in the United States. Whether through government grants, loans from traditional banking institutions or alternative funding sources, thousands of small business owners throughout the country will need financial assistance to overcome the economic impact of this epidemic.

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12 Tips for Starting a Small Business | Small Business Tips

(52 years ago) Dec 09, 2019 · Small Business Tip 1: Keep Your Day Job Just a Little Longer. This is one of the top tips for starting a small business because it is a common trap: A person gets excited by a small business idea, quits his or her day job—and then runs out of money and fails. As reported in Forbes, Spanx founder Sara Blakely credits her success to the fact ...

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7-Step Guide to Taking Calculated Risks - The Hartford

(52 years ago) Jul 29, 2014 · 7-Step Guide to Taking Calculated Risks. Kathy Simpson. The economic downturn of 2008 and its aftermath – a difficult era for businesses of all sizes. Its effects are still fresh in the minds of many small business owners, causing them to hold back on financial decisions they …

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How Small Businesses Can Effectively Use Virtual Assistants

(52 years ago) Mar 17, 2017 · VAs perform a variety of tasks for small businesses of all sizes, ranging from daily, repetitive tasks to more specialized activities and projects, such as creating and maintaining websites and carrying out online marketing campaigns. Of course, the types of tasks you plan on having your VA cover will determine the skill level needed—and ...

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What's the Best Return Policy for Your Small Business?

(52 years ago) Feb 18, 2019 · Amazon merchants, however, are free to determine their own return policies. Home Depot, Walmart, and Target all give 90 days. Macy’s generally allows customers to return items with 180 days. Ikea lets customers return goods within a full year of purchase—which makes sense, because that’s about the time it takes for me to assemble one of ...

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Are You Still Accepting Cash at Your Small Business?

(52 years ago) Apr 13, 2018 · As reported by The New York Times, these small businesses — and many others in town — don’t accept cash anymore. In today’s world of PayPal, bitcoin, credit cards, and mobile payment apps for small businesses, cash is slowly but surely becoming a questionable substance. “If you have exact change, we’ll take it,” an employee at a ...

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How Small Business Owners Can Ease Anxiety and Reduce Stress

(52 years ago) Dec 01, 2020 · 7 Ways Small Business Owners Can Ease Anxiety and Reduce Stress. We’re guessing that even typically well-adjusted business owners are experiencing spiked stress levels right now, so we’ve put together some best practices for small business owners who want to ease their anxiety and reduce their stress.

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How to Protect Your Personal Wealth From Business Liabilities

(52 years ago) Oct 12, 2017 · Protecting yourself from business liabilities starts with choosing the right legal entity. If you are operating as a sole proprietorship, your personal assets including your home, investments, and personal property can be seized in the event of a lawsuit or if you owe creditors. Setting up a corporation or a limited liability company (LLC ...

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When Should I Transition From 9-5 Employee to Small ...

(52 years ago) Oct 10, 2018 · In fact, for many aspiring small business owners, being able to leave their current 9-5 job is their ultimate goal. This being said, if you’re hoping to transform your side business into your primary source of income, there are several steps that you’ll need to take before you hand in your resignation. In episode #127, Gene Marks and ...

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How to Get a Small Business Grant | Small Business Startup ...

(52 years ago) Oct 19, 2020 · If you're wondering how to get a small business grant, you're not alone. The process of applying for a small business startup grant can be daunting, but it doesn't have to be. Learn how to apply for small business grants to start a small business from Small Biz Ahead.

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Why Do You Discount Cash Flows? - The Hartford

(52 years ago) Dec 10, 2018 · The time value of money is the reason why you discount cash flows. In the example investment opportunity above, the buying power of the $6,000 generated in each year decreases as time goes on. To find out if the project is a good investment opportunity, you would discount the future cash flows to find the present value of the money.

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6 Reasons to Hire Your Kids to Work for You at Your Small ...

(52 years ago) May 19, 2016 · If you own a small business, hiring your kids is a no-brainer. Here are six reasons that demonstrate why your child should work for your small business.

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How To Use Behavior Tests When Interviewing Job Candidates

(52 years ago) Jun 15, 2018 · Top Five Behavior Tests to Use When Scouting Employees. Five tests that can be reliably used to evaluate candidates among different industries are the DiSC Profile, Hogan Assessments, AcuMax Index, StaffGeek, and MHS. Here is a breakdown of the costs and benefits to utilizing each test for your employees, and how they can be applied to your ...

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Three Mistakes to Avoid When Calculating Cash Flow

(52 years ago) Sep 07, 2018 · Three Mistakes You Should Avoid When Calculating a Discounted Cash Flow. Gene Marks. discounted cash flow. I’ll admit that, particularly in the last few years, not many of my clients have used the discounted cash flow (DCF) method for determining whether or not an investment is worthwhile over the longer term.

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The Biggest Customer Service Mistake You Can Make | Small ...

(52 years ago) Nov 02, 2016 · So if you have these stupid, insensitive, dopey signs hanging in your place of business, take them down and replace them with positive, considerate, happy, upbeat and cheerful signs that say things like, “We (heart) our customers” and “We appreciate your business.”. Yes, it may sound trite, campy and clichéd.

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Are Your Employees Lying to You About Their Sick Days?

(52 years ago) Jan 05, 2018 · Recently, HR firm CareerBuilder surveyed more than 2,200 human resource professionals and nearly 3,700 employees about their companies’ employment practices. And, if you’re an employer, then brace yourself. Or maybe you already know what I’m going to tell you. The survey found that 40% of workers have called in sick during the last 12 months even when they weren’t — compared to 35% ...

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How Small Business Owners Take Care of Their Mental Health

(52 years ago) Dec 02, 2020 · A Canadian mental health study found that 62% of business owners felt depressed at least once a week, and 54% said that stress impacted their level of concentration at work. When asked about his response to these findings, Brian Fielkow, CEO of Jetco Delivery, said he wasn’t surprised. “Based on what I see with my clients, I expect that this rate is even higher in the United States,” he ...

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Podcast | Small Biz Ahead

(52 years ago) Getting Stuff Done as a Small Business Owner. The Hartford. Listen now to the Small Biz Ahead Podcast: [powerpress] Welcome to another episode of the Small Biz Ahead Podcast. Sign up for the weekly newsletter so you never miss an episode. Do you have a question you'd like Elizabeth and Gene to... Continue.

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Defining, Setting and Measuring Marketing Objectives

(52 years ago) Dec 07, 2020 · Successful small business owners recognize how essential it is to commit to ongoing marketing efforts for their products or services. Marketing management isn't just a seasonal event. It's a business activity you constantly conduct, setting year-round objectives to …

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11 Inspirational Quotes for Small Business Owners

(52 years ago) Oct 14, 2016 · You’re setting the example as a business owner and leader. Your employees will know when you’re slacking, trust me. “Do or do not. There is no try.”. Yoda. Jedi Master. Effort is nice. But this isn’t the fourth grade. In the grown-up world people expect results, whether or not the force is with you.

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Accept Bitcoin in Your Business? 3 Reasons Why You Shouldn't

(52 years ago) Aug 05, 2019 · Reason 3: It’s WAY too volatile. You saw the prices above. You’ve probably also read the news reports or gossiped with your friends about the fluctuations in Bitcoin values. My niece—a schoolteacher—asked me a year ago if she should invest in Bitcoin, and, after she revived me from my panic attack, she agreed not to.

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A Small Business Owner's Guide to Recovering from Burnout

(52 years ago) Jan 16, 2019 · 2:17—You have to accept the fact that challenges are a part of your life as a small business owner. 3:01—Find ways to “change your state.”. Engaging yourself in some type of distraction can help take your mind off of your business. 5:49—You should also consider expanding your business in a new direction, just to break out of your ...

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What Do You Do If Your Employee Asks For Excessive Time Off?

(52 years ago) Apr 10, 2019 · 8:08—To protect your small business, you need to have a fixed vesting policy in place regarding paid time off. 11:56—You should also consider your employee’s history before making your final decision. Employees who have been with the company longer and have a proven track record deserve priority over the newly hired.

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