In today’s turbulent business environment, businesses big and small are at risk for cash flow woes. We’ve discussed what it takes to keep a good balance of cash flow in the past, but for those who find their businesses pulling in drastically less earnings than the projected you’re probably searching for options to get your expenses balanced properly.
Stabilizing your business’s cash flow during a period of downturn or other unfortunate circumstances that affect your finances is something entrepreneurs and small business owners deal with every day, so don’t panic, there are plenty of options to choose from.
Let’s take a look at some options geared specifically to startups and small businesses in search of a plan to get back on track: (more…)
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Title Slide: Employees vs. Contractors | With Luella Schmidt
Luella Schmidt: We get asked this question a lot, what the difference is between employees and contractors. The deal is we get a lot of business owners where they think, well, I’ll just save on payroll taxes, I’ll just pay everybody as a contractor and they think that you can just do that. Unfortunately, the federal government has a set of rules that you have to follow, sort of guidelines on how to determine whether they are an employee or a contractor and the state government also has a slightly different set of rules. (more…)
As new technology drives communication tools to new heights, the idea that your business should be confined only to an office space is quickly becoming obsolete. Today, organizations big and small, new and old, are all taking advantage of global connectedness by hiring employees in other cities, countries and continents.
While remote workers can be a great benefit for small businesses looking to eliminate the need for dedicated offices, or reach out to qualified professionals unable to move to a home base of operations, distance can pose a challenge for managers when it comes to engaging with people they can’t interact with in person. (more…)
Whether you’re preparing to make a career change or are starting fresh in the business world for the first time, the decision to make your ideas into a reality with a business of your own is a decision that takes serious consideration and planning. When done right, you can find a whole new definition of professional satisfaction steering your company into the future. When done wrong, you can quickly find yourself in a financial mess that can be difficult to pull yourself out of.
We’ve talked at length about what every startup owner should consider prior to cutting the blue ribbon on opening day, but it’s equally important to know the myths and commonly-held beliefs about entrepreneurship that simply don’t hold up in the real world. Whether it comes in the form of advice from one owner to the next, or whether you read about a particularly striking story in the news, acting on misinformation can deal a big blow to productivity. (more…)