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…

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…

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…

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…

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…

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…

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…

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…

The Fair Labor Standards Act, also known as the FLSA, is a federal law that was enacted in 1938 and amended several times since then. The FLSA is the predominant federal statute that governs many aspects of labor law, including…

There are many valid reasons for starting your own business. Maybe you want to express your creativity or perform the type of work that you enjoy the most. Perhaps you are looking to secure the financial future of your spouse…