The primary benefit that attracts many business owners to become an S Corp for tax purposes is straightforward—it can potentially save them money. However, before making any changes to (or forming) a business entity that will have legal or tax implications, entrepreneurs should weigh all pros and cons with a tax advisor and attorney. There […]
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Handling stress at work is critical for your (and your company’s) health. Approximately 60% of workers experience stress three or more work days per week. And, 41% of small business owners cite their companies as their top stressor. If you don’t do something to manage work-related stress, you may notice a drop in productivity and engagement. […]
As an employer and leader, keeping your team motivated can be difficult. And, when your workers lack inspiration, productivity can decline. So, how can you inspire your team to help boost productivity and innovation?
SWOT, an acronym for strengths, weaknesses, opportunities, and threats, is a strategic organizational tool that helps businesses make long-term plans and important strategic decisions. Typically, you use a small business SWOT analysis to obtain a comprehensive look at the factors that affect your business’s viability.
As a small business owner, you are likely familiar with making hiring decisions. Or, you may have a hiring manager handle the process for you. As your business grows, forming a committee might be the best option for hiring new employees. Read on to learn whether or not you should form a hiring committee in […]
What are the key ingredients of a thriving workplace? Veteran entrepreneurs may argue that workplace efficiency depends on employee engagement and retention. And if you want to boost engagement and retention, focus on building relationships at work. Studies show that workplace success is linked to interoffice relationships. Not to mention, 55% of survey respondents said […]
Small business owners know the value of preparation. Planning ahead is second nature to entrepreneurs, who are always thinking about the next step in their businesses. When it comes to business financing, preparation is key. Contrary to the perception you may have, a business loan isn’t just for struggling businesses. Many business owners look for […]
As a small business owner, you are probably researching customers, finding your target audience, and creating a customer acquisition plan for your business. However, you also need to consider building up your online following. But, how do you do that? Creating a positive user experience can mean the difference between a few sales per month […]
There’s no doubt that running a small business comes with a multitude of expenses. When you are required to travel to conduct business, expenses can balloon if not properly managed. Without proper management, such expenses can detrimentally affect your business. This guide gives six quick-saving tips for you to keep in mind when traveling for […]
Let’s face it, business is rarely convenient. No one knows what tomorrow holds and, as a business owner, you need to be flexible enough to adapt to those changes as quickly as possible, not just to stay afloat but to take full advantage of moments of growth as well.
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