Business Best Practices

Money worries distract workers. Employees who are stressed out about their finances generally have trouble focusing on work and don’t give it their best effort, resulting in a loss of productivity. Moreover, employees who are living from paycheck to paycheck are unlikely to direct money to a workplace retirement plan and, if they do contribute, they tend to contribute small sums. Financially stressed employees are also more likely to leave… Read More

Small business owners know that high performers seek out jobs that offer them an opportunity to grow and to develop professionally. Benefits are also important to job seekers. However, salary plays a major role in the decision to accept a job offer. Every owner of a small business struggles with the question of how much to pay a new hire. As a small business owner, you understand that applicable wage… Read More

When people think of volunteering, they often imagine individuals giving their time and effort to help others. However, the positive impacts of volunteering extend beyond personal satisfaction—it can also significantly benefit your business. Whether you’re a small startup or a large corporation, integrating volunteer efforts into your business model can strengthen your brand, engage employees, and build lasting relationships within your community. Here’s how volunteering can be good for your… Read More

An unexpected drop in sales, a competitor opening across the street, the loss of a key employee. Planning for these types of contingencies can be vital to the long-term success of a small business. Equally important is having appropriate insurance coverage for protection against financial losses resulting from accidents, natural disasters, lawsuits, and other risks. Conducting an annual insurance review can help ensure that you have the right insurance for… Read More

Like most business owners, you have probably invested a lot of energy into growing your business. And like other business owners, you probably hope to exit your business at some point in the future with enough money to ensure your financial security. When the time comes to sell your business, you’ll have to determine its fair market value (FMV) to ensure you’ll receive a fair price. Since it is a… Read More