Blog posts tagged with "Small Business Employees"

For many entrepreneurs, there was a tremendous learning curve associated with their business success. Whether an experienced MBA or lacking formal education, there are always new problems. To face these challenges, you must be able to understand what allowed your business to grow and function.

Back in the day, workplace harassment wasn’t taken seriously. Today, however, it’s a huge issue that can take a serious toll on your small business. Workplace harassment has the potential to create an uncomfortable work culture that forces your top employees to leave and damages public perception.

Do you hope to open and operate your own business one day? Are you motivated by a flexible work schedule and unlimited earning potential? If so, there are numerous business degrees that can help you turn your dreams into a reality. 

This biggest cost in almost any kind of business is the employees. In fact, it’s not uncommon for labor costs to account for as much as 70 percent of all business costs. This makes it critical to maximize the money you spend on labor costs by getting the most from your staff. Of course, that’s easier said than done. One way to look at it, though, is by making hiring and training decisions through the lens of specialization vs. generalization.

Automation has been disrupting manufacturing, retail, and other industries on a massive scale for years. Yet as we marvel at the incredible amount of work being automated, it’s easy to forget the little stuff. Repetitive administrative tasks like employee scheduling are often ripe for automation.

From the work we do to the way we collaborate, the job market is changing. Perhaps the most prominent example of that change is evident in the rise of the contract workforce. When we say “contract workers,” many people will likely think of Lyft, Uber, or food delivery drivers. Yet drivers only make up a fraction of a much larger movement of contract workers.

The ability to quickly hire the right individuals is a crucial requirement for any successful business. But what if you have positions that you’re struggling to fill? If you find yourself in this situation, you might consider using a headhunter to attract top talent.

Almost everyone has had to deal with toxic coworkers. They pop up in every industry and companies of all sizes. If you work in a small business, a difficult coworker can be even more of a problem, as you likely work in close quarters with them.

Self-employment comes with significant freedom, but there’s also more responsibility required. If you’re a self-employed professional, one of the biggest factors you should consider is how you’ll save for retirement.

Are your employees motivated? Do you find they aren’t performing as efficiently as possible? While you could them offer more money, there are other low-cost ways to keep your employees motivated; you can offer them incentives.