What You Should Know About Employee Engagement

An earlier post discussed the importance of retaining quality employees. In brief, employee turnover costs your company money in a variety of ways. There are easily quantifiable expenses, including the cost of placing ads or paying overtime to your remaining…

Is it the Right Time to Start a Business?

Starting your own business can be emotionally and financially rewarding, but it can also be emotionally and financially draining, especially during the early years of the company’s life. If you want to succeed as an entrepreneur, you want to make…

Should You Coach or Mentor an Employee?

Many successful businesses begin as one or two-person operations. As the company grows, it becomes necessary to hire additional employees to keep up with all the tasks that must be handled to meet current and future demands. However, you may…

Reimbursing Your Employees for Their Business Expenses

All companies incur expenses. Most of the time, invoices and statements are sent directly to the company for payment. However, there will be times when an employee incurs an expense on behalf of the company. For example, you might have…

Why You Need to Learn the Art of Delegating Task to Your Employees

Entrepreneurs often start a business as a one-person operation. They become accustomed to handling all the tasks and micromanaging every detail. However, as their businesses grow, they find that they need help, so they begin hiring employees. Unfortunately, many entrepreneurs find…

Building Your Dream Team

When you launched your business, you may have been the only employee, making you responsible for every task and every decision. Perhaps you had assistance from family members or friends, but your selection was probably based on their willingness rather…

9 Things Entrepreneurs Should Know About Budgets

Some entrepreneurs consider a budget to be a rigid, dictatorial document that robs them of power and stifles their creativity. Others believe that budgets are only important to government agencies or large corporations. However, a formal budget is just as…

Did You Hire an Independent Contractor or an Employee?

As an entrepreneur, it is always an exciting moment when your business has succeeded to the point that you need to hire help and can afford the additional expense. However, if your business is thriving, you may feel that you…

Accounting Basics Every Entrepreneur Should Know

Launching a small business requires hard work and dedication. Running it can be stressful as well. Many entrepreneurs are stronger in the creative, technical, or engineering areas than they are in business fundamentals. If you are not well-versed in the…