No one likes to give or be on the receiving end of a termination. It’s human nature to want to avoid conflict whenever possible. However, as business owners and managers we often must perform the task of terminating an employee. Not only is this a stressful situation for all involved, but it can be a potentially litigious one if not…
Yesterday, AT&T announced the launch of OnwardSmall Biz, a new web portal offering a variety of resources geared to small business owners including free advice, online courses and special offers. Content features and links on the new AT&T Onward Small Biz portal include: A daily feed of industry-specific small business news, including streaming video segments from SBTV.com — Small Business…
Family owned businesses are quite common and can have their own unique set of issues to address such as family rivalries, succession and tax planning, marriages and separations, family conflicts, illness, etc. To avoid potential legal issues that may arise from family-owned businesses consider these tips: Structure the business as an entity (Corp., LLC, Partnership). This makes it easier to…
The Motley Fool recently ran an informative three part article on the various types of business insurance options available to small businesses. Liability insurance is covered in Part 1. Issues pertaining to workers’ compensation, property insurance, interruption insurance and key person insurance are discussed in Part 2. Part 3 offers guidance on which insurances are considered “must-haves” and which ones…
Insurance and taxes. According to a Wells Fargo/Gallup Small Business Index survey, they are the two things that small businesses worry about the most going into 2007. The top five concerns are: Cost of Insurance (64%) Taxes (62%) Energy prices (54%) Government regulations (45%) Finding qualified employees (42%) In terms of priorities, small businesses report being focused on generating stronger…
SurePayroll Small Business Scorecard reported today that small businesses continued their hiring trend in January. The number of new hires appears to have doubled from December ’06. This was good news since hiring for small business had remained flat for most of 2006 — only jumping in December. Salaries for small business also increased in January with the national annualized…
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