The implicit assumption when it comes to hiring temporary employees or consultants is that it will save your business money. After all, with these temp workers, you don’t have to worry about an attractive benefits package, a competitive salary, nor a drawn out hiring process. They come, they do their job, and they leave. […]
Whenever the workload increases, a key employee has taken a leave of absence, or additional skills and expertise are required to complete a specific task, bringing in temporary employees can quickly become a standard practice for businesses big and small. But the mere presence of an extra pair of hands or someone with a fresh […]
Opening a small business requires all sorts of preparations such as raising capital, writing a business plan, finding a suitable premises, hiring staff and myriad other tasks. But even the best planning and care will mean nothing if your venture is saddled with fees and penalties or is forced to close down because it was […]
Running a solo business brings all the glory and all the grief. On the one hand, the business owner is free to make every decision. On the other hand, he or she bears the burden of performing every last task. Here is a list of some of the challenges associated with solo entrepreneurships, […]
As a small business owner, keeping overhead costs to a minimum may be top priority. So, when it comes to accounting issues, it may be tempting to tackle the job on your own rather then spending precious capital on hiring a professional accountant to do the job. But is this really a wise move […]
When times are tough, people can get disparate…. As the economy huffs and puffs along, it has left in its wake a surge in business theft, and this trend has had a disproportionate impact on smaller businesses. According to the Association of Certified Fraud Examiners (ACFE), employee theft at businesses with less than 100 employees […]
Sometimes in an effort to cut costs, free up time, and conserve resources we can loose sight of our own internal strengths and capabilities. Before outsourcing any processes or tasks to an outside third party, make sure to take stock of those areas that should remain in-house.