Budgeting Tips For Small & Growing BusinessesMany small and growing businesses have struggled during 2020 to remain open. The coronavirus has changed how we do business in the United States. However, sound budgeting tips have not changed. Budgeting, creating realistic goals, and planning for the next year are essential steps that every business owner should […]
What Are the Benefits of Independent Contractors Over Employees or Vice Versa?Many employers are utilizing independent contractors instead of hiring additional employees. However, before you work with independent contractors, it is important to understand the differences between independent contractors and employees. Some of the differences between employees and contractors might translate into a benefit for […]
The Private Defense Contractor Business ModelThe military-industrial complex in the United States includes our armed forces, federal government agencies, and the companies that provide products and services for the armed services. Our government spends billions of dollars each year. Millions of dollars in contracts awarded to independent contractors are announced each day.A defense contractor is […]
Is It Safe to Fire Unsatisfactory Employees During COVID-19?The COVID-19 pandemic has changed the workplace significantly. Many employees now work from home. Some employers check the temperatures of employees before they enter the building. Millions of employees have been laid off because of the coronavirus pandemic.Employers struggle to keep employees, but many have no choice […]
How Does My Business Get Paid? Getting paid for your products and services has always been important. However, with the COVID-19 pandemic, some of the ways businesses are paid may be changing. From the coin shortage to fear of touching money, companies may be struggling with decisions regarding new payment options. Many companies are requesting […]
“I Quit, Now What?” Steps to Take to Transition From Being an Employee to Being Your Own BossCOVID-19 has changed our lives in ways that we could not have imagined. Many people realized that they could work from home during the pandemic. If you transitioned to telecommuting, you may have also realized that you could […]
Stop bugging me! How to properly follow-up on referrals and business leads. The goal of a referral or business lead is to establish new clients or customers. Follow-up is the key to converting those leads into business. However, if your follow-up is too aggressive, you risk turning away business. Too many emails, text messages and […]
The Money Is About To Run Out – Things To Try Before Filing A Business Bankruptcy Even before the COVID-19 pandemic, businesses sometimes struggled to make ends meet. Economic downturns and shifts in consumer needs can create a temporary cash-flow problem. Most businesses had capital they could use to get through the tough periods. However, […]
Outsourcing Work — What Can I Do To Facilitate My Business Operations And What Are The Ramifications?Outsourcing can reduce a company’s overhead significantly. By outsourcing work to an independent contractor, the company does not pay payroll taxes, workers’ compensation insurance, or liability insurance for the contractor.The company saves money because it does not need to […]
Friend or Client? – Maintaining Proper Boundaries With Customers And ClientsFor many business owners, a big part of being successful is understanding how to interact with people. Building a relationship with customers and clients helps ensure the continuance of the business relationship. However, is there a line that should not be crossed that takes the […]