IRS forms may be the last thing that you want to think about when you first start a business. However, if you need to hire employees, you will need to decide whether you want to hire an independent contractor or add an employee to your payroll. It is important for you, your payroll service, and […]
Updated June 9, 2021 Table of Contents: What is Overhead Cost? Summary: What to Know About Overhead Costs How to Calculate Overhead Costs How to Calculate Overhead Rate Types of Overhead Costs How to Reduce Overhead Costs In Conclusion Overhead, otherwise known as overhead cost, refers to the ongoing expenses associated with operating a business […]
Updated May 21, 2020 Profit margin is one of the most commonly used profitability ratios, which is a basic measure of how much money a business, service, or product makes. Expressed as a percentage, profit margin is essentially how much money a company makes per transaction. In general, the higher the profit margin, the more […]
For most people, leadership isn’t something you simply adopt one day. It’s something that requires concerted effort. The process of growth and learning demands humility, wisdom, and foresight. That process starts with cultivating the right habits. Here are three habits that every good leader must learn early-on. Know When to be Present and When to […]
Owning and operating a construction firm requires a deep understanding of money management. After all, earning enough money to sustain your growing company isn’t as simple as stacking one brick on top of another. It’s all too easy to fall behind and fight to meet deadlines and the client expectations as costs continue to increase. […]
Software tools have become critical to a company’s success across departments – and HR is no exception. The right talent management solution can take your workforce to a new level of productivity, professional development, and leadership. The trick is exactly that – choosing the right software tool for your HR setting. Here are a few […]
In the corporate world, employee handbooks are pretty ubiquitous. Nearly everyone who starts a position at a large company is given a booklet, packet, or online manual to peruse on their first day at the office. However, when it comes to small businesses, employee handbooks may be completely absent — job parameters and company policies […]
When it comes to public speaking, your small business might seem like a safe zone. You feel very comfortable in the presence of your team, and whenever you have important news to share with your customers, you do it through email newsletters and other content marketing efforts. There’s no need to stand up in front […]
Restaurateurs have plenty to think about from day to day. If you’re not making sure that your delivery comes in on time or that your wet bar stays stocked ahead of the Sunday brunch rush, maybe you’re finding a way to pay for a new stand mixer for your rockstar pastry chef. Keeping your business […]
As a small business owner, deciding to expand is an exciting prospect. A successful expansion of your business can improve profit margins, create a competitive advantage, and create more jobs in your community. As exciting as it is, expanding your small business also comes with its challenges. If you’re not preparing for these potential pitfalls, it could […]
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