How seasonal employees can benefit your business

When it comes to hiring seasonal employees, business owners tend to fall into two groups. Some look forward to hiring temporary workers, knowing that the need for seasonal workers reflects a business season. Some feel that it’s a necessary evil to get through times where the workload is heavy and the permanent workforce is lean. Unfortunately, the attitude is that seasonal employees are temporary, and are therefore not as skilled…  Read more

Business Update – November 23, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Bob Iger returns to steer Disney through tough economic times The former CEO has agreed to serve another two years for the company effective immediately. Disney highlighted a fivefold market value increase under his leadership, adding that he had a “mandate from the board to set the strategic direction…  Read more

7 reasons to use technology in your business

There are plenty of bookkeeping and accounting firms out there – but not all are created equal. How they use technology sets some apart from the rest. When choosing your bookkeeper, hire one that understands the power of technology – namely, cloud accounting. With the right tools and the support of a great team, you can make your life easier and boost your business at the same time. Here’s how…  Read more

How to raise your prices

As prices continue to rise, you’ve likely noticed that your cost of doing business has increased as well. With that in mind, you may be considering raising your prices – as you should. After all, the main point of any business is to make money, and you can’t do that if you’re no longer breaking even. Read on to discover some tips on how to raise your prices, and how…  Read more

Weekly Digest – November 16, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Fed hints that it may soon slow interest rate hikes Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon ease up on its aggressive interest rate hikes, saying that it may soon be appropriate to move to a slower pace. Stock market steadies as…  Read more

5 signs you need to start outsourcing tasks

When you start a small business, it’s usually only you behind the whole operation. You wear many hats, from CEO to clean-up crew. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows with it. Because a small business is so focused on survival, you pay a lot of attention to the bottom line. This makes a lot of…  Read more

Business Update – November 9, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Oil prices dip in response to China’s Covid containment strategy As rumors swirled that China would be easing its zero-Covid policy, oil prices began to climb. However, they fell again on Monday when Chinese government officials signaled that the government has no intention of changing directions. Sweeping changes continue…  Read more

How to manage small business inventory

When starting a small business, business owners often think about things like the storefront, branding, and displays. They think of smiling employees and happy customers. It’s not usually the image of the shelves and cupboards in the back stockroom that fill their heads. But inventory is a critical component of your business. Sales are made and lost because of inventory control so it can’t be overlooked or left to sort…  Read more

Business Update – November 2, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. The Dow Jones had a really great October The Dow tumbled a bit on October 31, but despite that was still up 14% for the month. That means it had its best monthly gain since January 1976. Most people have stopped making retirement contributions A new report from Allianz…  Read more

5 common payroll implementation errors you can easily avoid

Upgrading or changing your payroll system comes with a ton of wonderful benefits. Saving time and money, making everyone’s lives easier, and better integration are all good reasons to consider a change. But if the switch is mishandled, the results can be catastrophic and lead to long-lasting problems. Read on for some tips on how to avoid a disastrous payroll system migration. 1. Give the project the time it needs…  Read more

Business Update – October 26, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock markets start the week strong All three major indexes were up on Monday – a welcome change from the volatile conditions of recent months. Investors seem optimistic as we await earnings calls, with numbers from big tech firms expected later this week. Goldman Sachs fears “accidental recession” Goldman…  Read more

How much you should raise your prices

Few business owners enjoy breaking the news of an upcoming price increase. However, when you own a business you have to deal with ever-increasing costs. Although inflation is an unpleasant part of life, it is still part of life. Price increases are inevitable for a sustainable business. If you want to stay afloat, you’ll have to do them – and regularly. Read on for some tips on how to determine…  Read more

Business Update – October 19, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Recession likely, but not yet certain Economists have been warning of a “perfect storm” of conditions pointing to a serious recession for most of the year, but some economists are still saying that it’s not a certainty yet. Time to apply for student loan forgiveness President Joe Biden announced…  Read more

Time Blocking vs Time Boxing, other techniques, and how it all fits together

In a world with endless distractions, it’s no wonder that we find it difficult to complete tasks. Focus is hard to come by these days. This is especially true when you’re working from home. Household tasks that would otherwise be out of sight and out of mind are suddenly in your workspace. With that said, there are some proven methods to help you get things done. Time blocking and Time…  Read more

Business Update – October 12, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Former US Federal Reserve chief wins Nobel prize Former US Federal Reserve chief Ben Bernanke, who led the central bank during the 2008 financial crisis, is one of three recipients of this year’s Nobel prize in economics. Bank of England strengthens emergency stimulus The Bank of England will double…  Read more

Smart money tips for business owners

Small business owners know how important it is to save money. They know that one day that dollar could come in handy, especially during slower times. Saving money is definitely important, but there are also things small business owners can – and should – spend their money on today. It might seem counterproductive to spend money when you want to put it in the bank – and make no mistake,…  Read more

Business Update – October 5, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Wall Street starts the month a little stronger than before In what many are hoping is a new trend for October, the Dow Jones, Nasdaq, and the S&P 500 were all up for the first trading day of the month. Experts are split on whether this trend is sustainable,…  Read more

Main Causes of Stress for Business Owners & How to Counter Them

Many entrepreneurs believe that hard work and dogged determination are all it takes to build and sustain a successful business. But when you consider the pressures of running a company, it seems wise to add effective stress-management to the list. Left unchecked, stress can erode your passion and undermine performance – not to mention, take a serious toll on your health. Research compiled by Office Vibe reveals that over 70%…  Read more

Business Update – September 27, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. British pound may sink below $1 US After the new UK government’s mini-budget announcement on Friday that revealed new economic policies, the GBP sunk to its lowest level since 1985 – ending last week at US$1.09. Interest rate hike causes world economy to wobble The US Federal Reserve raised…  Read more

5 steps to test your business idea

When you’re in business for long enough, you’ll likely come up with new ideas you want to try. Innovation is important for your company to grow, to diversify its income, and to attract new customers. An important step between having an idea and jumping into it is testing the idea. Here are some important ways to test your idea, so you can launch it with confidence. 1. Talk to people…  Read more

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