One of the most stressful aspects of a business is deciding the type of healthcare you will provide to your employees. Most are conflicted with wanting to cover everyone but not wanting to spend a fortune on it. Choosing the wrong plan may cause a negative impact on the company’s bottom line. Therefore, we’ve compiled…
According to the Small Business Administration, the odds are stacked against you if you desire to start a new small business. First of all, the SBA notes that 30 percent of new businesses will fail within the first two years, 50 percent within the first five years, and a whopping 66 percent within a 10-year…
The health of an employee often directly affects his or her performance and rate of absenteeism. This is why employee wellness programs are so common in workplaces today. However, not all wellness programs are created equal. Here’s what works and what doesn’t when it comes to employee wellness programs. Health Education According to Corporate Wellness…
Every business wants to get the most productivity with the least amount of time and cost. The more steps there are in a process, the more chances that there are built-in inefficiencies. These can be physical issues. For example, a product might have to make several trips across a factory floor before it is completed.…
Generally speaking, an organization wants to have its most experienced people in positions of leadership. However, the mere fact that you have experience doesn’t mean that you don’t have any flaws in your management style. Therefore, it is important to understand what your flaws may be and to look for ways to correct them. Here…
There’s no question that there are times when moving your office could be a necessary evil. Perhaps you’ve entered into a better lease agreement, or maybe the move is part of a cost-cutting measure. Either way, you’re now tasked with moving your belongings. How do you go about doing it? There are a number of…
As a business owner, one of the things you probably realized fairly quickly was that there is so much more to running a business than just turning a profit. You also need to do everything in your power to protect it. One of the main goals of business asset protection is to significantly reduce or…
Company organization is a great skill and tool to incorporate within your business. Here are three reasons why your company will thrive from it. Better Training, Improved Performance One of the top ways to incorporate more organization into your business is to mandate employee training. 2020 Project Management talks about how providing training for your…
The challenges facing a new business venture are many. Perhaps the biggest one of these challenges is finding adequate funding to open business operations. As a new business owner, you will need funding for everything from office space, equipment, to staff hiring. Banks and other traditional funding sources are sometimes sufficient to obtain the funding…