How to get your life back in a seven-day-a-week business

Small business owners already have a difficult and time-consuming job running their business.  If their business is open five days a week, they usually need the weekend to catch up on paperwork, pay bills and manage any tasks they didn’t get to during the week. For those with a seven-day-a-week business, there’s even less time off.  They often feel the need to be onsite any time the business is open,…  Read more

Spotting Problem Employees Ahead of Time

  Your employees are the blood of your entrepreneurial life.  No start-up will survive without a good set of people making sure that things run perfectly.  The problem for you and any other entrepreneur is making sure that the people on your team are trustworthy and reliable.  Some people have a sixth sense when it comes to reading people, but if you’re not that lucky you can simply keep an…  Read more

Improving your business with better time management

When things are hectic, most small business owners wish they could find a way to get more than 24 hours into a day. Often, your ‘to-do’ list can get so long that you feel you never get to put as much attention into every task as you would like.  It can also mean more time in the office or dealing with work issues after-hours – cutting into your free time…  Read more

How to choose a financial planner

  No matter how much money you currently have in the bank, it’s a good idea to consult with a financial planner sooner than later.  There’s no better way to start mapping out strategies for investing – and saving – so you can meet your short and long term financial goals. Financial planners are there to help you save time and money as you prepare to buy a house or…  Read more

Can residential property fund your retirement?

Thinking about retirement can be stressful.  You need to plan for how long you think you’ll be retired, what lifestyle you’ll want to lead, and approximately how much you’ll pay to maintain your cost of living plus any additional expenses.  There are a lot of unknowns and “what ifs” that you might not be able to anticipate, and many of them can affect your finances. Many people ask whether residential property…  Read more

Three terrible management habits

  Every manager has habits that make them incredibly effective as well as issues that their employees wish they would change.  The problem is that many employees won’t tell their manager what those weaknesses are, often out of fear of retaliation.  So while managers conduct employee performance reviews pointing out areas for staff improvement, sometimes the manager’s own weaknesses go unaddressed. There are a wide variety of habits that make…  Read more

How to protect the goodwill in your business

  It takes time, energy, and continuous effort to build a brand that attracts loyal customers and is rewarded by word of mouth referrals.  Without a doubt, the good name you worked so hard to earn is one of your most valuable business assets; in addition to your solid customer base and positive employee relations, it is what is known in business as “goodwill.” If you’re like many small business…  Read more

When You Should Consider Hiring a Business Lawyer

  When you run a small business, every cent counts.  It can be difficult to spend money on anything you don’t consider vital. Hiring a lawyer during key times in your small business might seem like an unnecessary expense, but the money you spend now on a business attorney could save you time, money, and energy in the long run and could protect your business. When it comes to your…  Read more

Tactics for paying down debt faster

  Very few business owners have the means to operate without borrowing at start up, or later on when it’s time to invest in growth. Borrowing, however, is only a temporary solution to a lack of funds.  Without a repayment plan debt can grow into an unmanageable problem that costs much more than the initial loan. These strategies will help you re-pay your debt faster, so you can invest the…  Read more

What is financial planning?

  To many people, financial planning sounds like something for the very rich.  The wealthiest people take their piles of money to someone who tells them where to invest it so they can make even more money.  The rest of us just focus on saving what we can while paying off debt and hoping we don’t lose our jobs before we’re financially stable. In fact, financial planning is about having…  Read more

The ins and outs of employee performance reviews

  When you run a small business, you’re involved in your company’s sales, accounting, marketing, and human resources, among other things.  Being responsible for human resources isn’t just about hiring and firing people, although those are large parts of the role.  It’s also about managing the people who work for you while they work for you. Conducting regular employee performance reviews is part of managing your workers.  While performance reviews…  Read more

Financial planning for divorce

No one wants to plan for the worst case scenario and when you’re married you certainly don’t want to be worried about anything as terrible as divorce.  After all, you’re in love and you want your marriage to last. That makes sense, but approximately half of all marriages end in divorce.  When people consider the consequences of divorce, they often think about the effects on the children and the loss…  Read more

Three reasons why you need small business insurance

If your small business operates on a tight budget you might be tempted to eliminate costs that you think aren’t necessary.  Often small business owners choose to go without business insurance as a way of saving money, but doing so can be incredibly costly in the long run. Business insurance is something that may seem like an unnecessary expense in the short term, but is worth the cost now in…  Read more

Growing your business without borrowing

Taking out a business loan may be your first plan of action for financing business growth.  But there are excellent reasons to consider other options for finding capital to expand your business. For one, it can be very difficult for a small business to secure financing, especially in the early days.  You’ll need to prove to a lender that you aren’t a high risk, with financial documentation that shows your…  Read more

The True Value of Networking

There are all kinds of groups dedicated to networking.  Some are highly structured with performance requirements, exclusive membership, and the payment of dues.  Others are free form, come as you please and no charge. Not every group is right for every kind of business.  You will find that some groups may simply not have connections in the market you are seeking to attract.  You will find some groups have rules…  Read more

4 tips for less stressful business travel

  Business owners fall into two categories: those who love business travel and those who hate it.  The love/hate dynamic may depend on how much you travel for work, but even if you love business travel there are stressful aspects to being out of town. Although we can’t guarantee that our travel tips will ensure a completely stress-free experience, here are four ways to lessen your hassle.  If you’re someone…  Read more

What you need to do before you retire

  If you haven’t given any thought to what your retirement will look like, now’s a great time to start.  It might not be the most fun thing to think about—not when there are vacations to plan or houses to buy—but retirement planning is a vital part of your overall financial plan. Most people dream about the day they no longer have to work.  They dream of having a leisurely…  Read more

Could a four day week help your business thrive?

The “overwork epidemic” is a serious problem world-wide.  In Japan, there’s even a word for it; to die by karōshi is to suffer a heart attack or stroke brought on by unrelenting overtime and occupational stress. In addition to the negative impact on health and well-being, working too much is bad for productivity.  According to a recent study, employees who put in more than 50 hours a week – as…  Read more

Benefits of money mindfulness

  If you’re like most people you’ve probably gone for periods of time without really thinking about how you spent your money.  Maybe you even avoided looking at your bank statement so you wouldn’t see how much money you spent and how little you saved. It’s something a lot of people do, especially nowadays when we can spend our money so easily without handing over cash.  If you’ve ever looked…  Read more

Why Bookkeeping is Crucial to Your Success

    Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business.  Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges, and set attainable future goals. But despite their proven importance, many business owners dread and avoid accounting tasks.  In fact, 40% of surveyed entrepreneurs claim that bookkeeping is one the worst parts of running a…  Read more

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