Even as the economy shows signs of revival, several economic indicators, such as consumer confidence, consumer spending, and the nation’s unemployment rate, suggest that it will still be a tough road ahead for many small businesses over the next few months. (Image Credit) Those small business owners looking for ways to get through this difficult [...]
In the midst of all the outrage surrounding AIG’s infamous bailout bonus packages, a surprising detail has emerged. The so-called “retention” bonuses were paid to 52 people who have packed up and left the company. Though one could perhaps argue that the people who left technically could afford to leave, and anyway they weren’t doing [...]
In the face of a glooming recession, much of the business world has adopted a hang on mentality when it comes to their employees. Rather then having to go through the process of loosing and later replacing productive, experienced workers, many companies are doing whatever they can to keep their workforces intact. Currently, the most [...]
It is common among small businesses that employees learn to become expert jugglers who must successfully manage numerous, often unrelated positions and responsibilities. And as the current economic downturn continues to hinder sales and cut into profit margins, this trend is only getting stronger. While combining positions may be a necessary step towards conserving capital and riding [...]
Call this a pet issue of mine, if you will. Most articles offering advice for small businesses will suggest hiring college students for administrative tasks. Now, don’t get me wrong, college students are generally smart, responsible and inexpensive. However, in my experience High School students can be all of the above. High Schoolers who work [...]
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