Small business owners face an incredible number of challenges every single day. When you’re the founder, the boss, and the heart of your business…solving problems is just what you do. The past year has only added more layers of complexity and difficulty thanks to...
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6 Important Interview Questions to Ask When Hiring Your Next Employee
As demand for products and services return to normal following the COVID lockdowns, the need for people to provide those things is only going to go up. Many industries are already desperate for workers (notice how many “now hiring” signs are in front of nearly every restaurant right now.) While it may be tempting to hire the first person through the door, you need to be ready to make sure you get the right person for your company. That’s why we’re bringing you some important interview questions to ask.
How to Run Efficient Meetings That Your Team Actually Enjoys
Efficient meetings are the unicorns of the business world. Everyone knows what one looks like, but do they really exist? Most of the time, if someone in your office announces “we’re having a meeting”, the response is less than enthusiastic. No one wants to sit through...
4 Ways to Communicate Effectively With Your Team While Working at Home
If we’ve learned anything from 2020, it’s that it is hard to communicate effectively when everyone is working from home. Over the past year, businesses everywhere had to learn how to function remotely without a lot of warning. Zoom meetings and Slack channels quickly...
Why the Cost of a Bad Hire Is More Than You Probably Think
Hiring the right person isn’t a science. It’s an art.
Let’s face it: No matter how much time you spend looking at a candidate’s resume, no matter how much you look through their social media, no matter how long you interview them…there is simply no way to guarantee that you’re getting the best person for the job.
The cost of a bad hire is something that can be avoided, but first, it’s important to understand what is at stake.
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How to Prep For A Business Audit (And Streamline Your Company)
The mere mention of the word “audit” is enough to cause some business owners to break into a cold sweat. They’ve either been through one before and it wasn’t a pleasant experience or they know that their records are in such a mess that they aren’t prepared for one.In...
Understanding The Basics of Inventory Accounting (A Guide For Small Business)
The goal of any business is to make a profit…usually, as much as possible. To do that, you have to generate revenue. And to do that, you have to move some inventory. This post will help you understand how your inventory accounting impacts your business so you can...
Unraveling Nonprofit Financial Statements To Help Your Organization Do Even More Good
When you run a nonprofit, you have to make every dollar count. Nonprofit financial statements help you stay on top of your income and expenses in a way that shows how you are responsibly using donors’ money. In this post, we’ll unpack what makes nonprofit financial...
The Minumum Acreage For Farm Tax Purposes (And Other Ways To Know If You’re Running A Real Farm)
Do you know the minimum acreage for farm tax purposes? Or what it takes to really be considered a “farm” in the eyes of the government? If you’re not sure, this post is for you. Minimum Acreage For Farm Tax Purposes We recently did a post on “How to Qualify for Farm...
Understanding The New Corporate Transparency Act (And What You Need To Do About It)
The U.S. government has passed legislation that now affects millions of businesses nationwide. If you own a small company, you need to know all about it since failure to comply can result in significant fines and penalties including imprisonment. Effective January 1...