Outsourcing some aspects of your business to outside contractors can be a smart way to grow your business without all the added complications that come with sourcing, hiring, training, equipping and managing new employees.
But many small businesses make some mistakes when hiring contractors.
For some, the problem is that they misunderstand the legal differences between contractors and employees, and this can lead them into all sorts of trouble with the Internal Revenue Service (IRS). Continue reading
Over the last few decades, sociologists and behavioral psychologists have been conducting research into business success. Some of the most controversial research has been centered on the arguments framed by Malcolm Gladwell, a respected author whose thought-provoking book Outliers: The Story of Success suggests that luck has a lot to do with business success.
Unfortunately, Gladwell’s observation and research have been widely misunderstood. Gladwell chooses subjects who have experienced monumental success, people such as Bill Gates and Paul Allen, founders of Microsoft. It so happens that these two talented and hard-working individuals experienced a series of lucky breaks in their respected lives; however, they understood how to work those lucky breaks to their advantage. Continue reading
We have entered year of the fire rooster according to Chinese astrology. Whether you believe in astrology or not, your business can benefit from lessons the fire rooster has to teach us. Each animal of the Chinese zodiac calendar represents traits people want to embody and qualities that people struggle with. Here is a list of the main business finance lessons year of the rooster teaches: Continue reading
Those who want to start their own business and find success in 2017 must have a plan established to gain financial independence and stabilize the business. For many people, it can be easy to make mistakes that can lead to financial disasters due to a lack of experience or resources.
To ensure that you start your business on the right financial foot in the new year, there are a few important tips to follow that will prove to be effective long-term. Continue reading
By MJ Plaster
It’s a new year, and everyone’s new calendar holds a world of possibilities and promise. Unfortunately, your heavy baggage doesn’t magically check itself at Old Man New Year’s door; it follows you. So, instead of counting calories or pullups, or in addition to, if you’ve already committed to those things, why not vow to toss the business myths that have weighed you down all these years?
As an employer or a manager, it is your job to make sure that your employees are doing their job. Furthermore, it is your job to make sure that they are working to their highest potential. Let’s take a look at some ways that you can figure out if your people aren’t working their hardest and how to help them get more done.
How Do You Know That There Is a Productivity Issue?
There are many ways that you can determine if there is a productivity issue in the workplace. First, you may notice that some employees are able to get more done during the day than others or that they have accomplished more in previous months or years. Second, you may notice that orders aren’t getting fulfilled or that items aren’t being delivered to clients on time. Finally, you may notice that workers seem listless or otherwise not engaged in their work, which could indicate that they are burned out or overwhelmed. Continue reading
Small business owners are the backbone of the United States. They started with a vision, worked harder than they ever have before to make it happen, and they should be taking pride in their drive and determination. Unfortunately, a staggering number of small businesses fail and, with them, the dreams of their owners.
Most small business failures are due to money management mistakes. Understanding some fairly simple ways that small businesses waste money can help entrepreneurs avoid these pitfalls and increase the likelihood of their own success. Continue reading
They say that sports have a lot of life lessons to offer. There is a lot of truth to that. This is particularly true for team sports like football. Football is the biggest of the team sports as far as the number of players that are needed to form a team.
With so many components to manage in a football team, football coaches are a lot like office managers. They have to find a way to mesh many individuals together to form a cohesive team that gets things done. With that in mind, here are five lessons football can teach you about running an office. Continue reading
By MJ Plaster
Remember the pizzazz your team had when it first began to come together and click? It was electrifying, like Fourth of July fireworks set to the 1812 Overture. Well, maybe that’s an exaggeration, but just like all relationships, teams go through stages. What started out with a bang is bound to go stale unless you reinvigorate it from time to time. Team players who lose their mojo are detrimental to your business, so let’s look at symptoms of complacency followed by prescriptions for regaining the spark.
By MJ Plaster
When your brand turns on a dime and loses its luster, who you gonna call? BrandBusters? There are firms that make a fortune restoring a damaged brand. However, the object is to maintain your hard-earned brand rather than restoring it. First, we’ll look at a few brand failures. Then, we’ll look at the single best way to avoid busting your brand so you don’t have to restore it.