How to Identify Employees Who Are Potential Superstars

How to Identify Employees Who Are Future Superstars As an entrepreneur, you probably started your business with a small staff or perhaps without any staff at all. As your hard work was rewarded with success, you began hiring employees to…

Understanding the Differences Between Advertising and Marketing

Understanding the Differences Between Advertising and Marketing It is easy to understand why many people think that marketing is just another word for advertising. After all, the primary goal of both advertising and marketing is to generate sales by promoting…

Inventory Management: The Importance of Cycle Counts

For many small businesses, inventory represents a substantial part of the company’s assets and expenses. Some companies only conduct physical inventory counts at the end of their fiscal year, relying on their software to determine whether there is sufficient stock to fill…

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…