One of the most important decisions you will have to make when starting your own business is which type of business structure to use. This decision will affect several key components of your business including taxes, personal liability, and what kind of paperwork you need to file. There are several different types of business structures […]

If you are an entrepreneur looking for a great business opportunity, you may be interested in franchising. This is one of the most successful business models in the country and can be a great option for building and growing a business. Like any business venture, however, franchising can have its advantages and disadvantages so it’s […]

Employee recognition is a critical component of effective management and the ways in which companies show their appreciation is more important than ever. Creating an employee recognition program is an excellent way to show employees that their hard work is valued and appreciated. Employee recognition boosts morale and motivation, both of which are crucial for […]

Today’s businesses are looking for more ways to be efficient and many have turned to outsourcing in order to improve their operations. Outsourcing is the practice of hiring someone outside of the business to complete a task. This could include individual freelancers all the way up to large companies that specialize in particular tasks. Although […]

One of the most important steps to consider when starting a business is deciding which type of business structure you will use. This decision is important because it will impact several facets of your business including taxes and personal liability. Which structure the business owner chooses will depend on a number of factors, and each […]

If you want your business to grow and thrive, you will undoubtedly need to implement change from time to time. After all, businesses cannot stay relevant if they refuse to acknowledge that the world around them is constantly changing. Change is what drives innovation and ensures that businesses stand the test of time. Change can […]

Most companies have policies and procedures governing their employment practices, but unless they are in writing, there can be confusion and inconsistency when it comes to employee rights and responsibilities. That’s why it is important to have an employee handbook. This handbook formalizes those policies and includes information regarding the organization’s mission, values, policies, procedures, […]

Effective leaders have the ability to inspire, empower, and motivate their employees. They are capable of unifying their team, boosting morale, and pushing their employees to reach their top performance potential. In addition to  providing direction and guidance, great leaders also exhibit courage, passion, and commitment for their company. There’s no doubt that effective leaders […]

The mark of a great leader isn’t how they lead their team when things are good, but rather how they guide their team when times are tough. Every business will have to weather a rough patch at some point. This means managers will be faced with a challenging task: making tough decisions while also paying […]

Managers wear a lot of hats and the job can be very demanding. They are responsible for managing the daily operations of their team while also acting as a mentor, coach, project manager, and even conflict resolver. With so much pressure on their plate, it’s no wonder that burnout is quite common among managers. That’s […]