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  • Save money with entry-level workers

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    Hiring fully trained employees can be disastrous for your budget, but if you are willing to train entry level workers, you can save a lot of money and still get the skill sets you need. The more education a potential employee has, the higher his wage. While this is understandable, it can be difficult to justify the high cost of hiring qualified employees when you are on a tight budget. The solution? Hire entry level workers and train them yourself. You will find that there are a number of benefi More »Save money with entry-level workers

  • When to drop products from your product line

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    More product variety is not always the best way to go. Do you know when to drop something from your line? Businesses are usually more interested in coming up with new and exciting products to offer clients than they are with getting rid of them, but if you are constantly introducing new items to sell, you may find that others are no longer carrying their weight. What should you do when a product isn’t selling as well as it used to? Is it time to pull it? There’s no quick and easy answer to these More »When to drop products from your product line

  • How to plan a corporate event

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    If you've never planned a corporate event before the task can seem daunting. A short read of this guide can save you a lot of headaches. Corporate events are held for a number of reasons. Your company might need a morale boost, some education to get all the salesmen on the same page or a weekend of training and team building for management. Regardless of the reasons, there are distinct steps for planning a corporate event. Following the template will involve far less stress than trying to reinve More »How to plan a corporate event

  • Varieties of employee compensation

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    Money is only one way to compensate your employees for a job well done. While there are few, if any, employees who will work for free, there are different ways to compensate employees for their labor. Particularly for the small business, having a variety of compensation options at your disposal will help you creatively keep your employees around. Wages and Salary The most obvious form of compensation is wages and salary. These are hourly and weekly payments in cash for the amount of time spe More »Varieties of employee compensation

  • How to give constructive feedback

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    Providing constructive feedback is essential to a company that is constantly trying to grow and improve. That being said, there are certain rules to follow while giving feedback to make sure you get your message across while ensuring that it is not taken the wrong way. Don’t turn it into an evaluation. Make sound observations instead. Describe what you are noticing going on as opposed to making accusations. Avoid generalizing someone’s behavior or making drastic exaggerations of the employee’s a More »How to give constructive feedback

  • Should you hire an ex-convict?

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    With a stagnant job market, it is unlikely that you as a small business owner are having trouble finding employees. Nonetheless, it is likely that you have received applications from ex-convicts in the past. While your first impulse might be to send them straight to the trash, there are incentives for being the one to give them a second chance. Most of us are aware of the various reasons why hiring an ex-convict isn’t a good idea: safety, cost, and your business’ reputation are just a few. More »Should you hire an ex-convict?

  • How to choose a company lawyer

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    No business will get very far without legal help, and it is in your best interests to ensure that you have a good, trustworthy company lawyer on your payroll. Having good legal help is essential if you are setting up a business, but it can be more difficult than you might think to find a decent lawyer for your business. Most companies try a number of different lawyers before finally finding one that they can trust, but if you know what to look for, you should be able to speed the process up and More »How to choose a company lawyer

  • 6 ways to increase motivation

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    Explore two types of motivation: extrinsic and intrinsic. See how motivating your employees could be easier than you think – and cheaper. If it were nothing but fun, work would be called fun. But work is work, and it is not always a pleasant way to spend a day. Keeping workers motivated and committed to the organization is a challenge, however it is not always about more money or benefits. Sometimes giving somebody more work motivates them. Sometimes all it takes is a new business card with a b More »6 ways to increase motivation

  • The cost of a unionized workplace

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    A union in your business probably costs more than you think. If you’re an employer in the middle of a unionization drive, you have every reason to be concerned. A successful unionization cost will increase your overhead. If you aren’t worried already, learning the full cost of a unionized workplace will give you a reason to act. Wages Unionized workers earn a wage well in excess of what non-unionized workers earn. The average unionized employee earns nearly a third above what his non-unionized More »The cost of a unionized workplace

  • Why employees quit

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    Turnover costs you time and money. Understanding why your employees are leaving is the best way to figure out how to prevent them from quitting in the first place. Recruiting great employees takes time, effort and money, so when they quit, it can be devastating to a small business. It also means you have to start over again with looking for new, qualified employees, which costs even more time and money. Understanding why your employees are quitting can help you develop a strategy to keep them a More »Why employees quit

  • Identifying brand evangelists

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    Finding customers who are truly passionate about your product can go a long way to marketing your business. Identify them and build a relationship with them for best results. All the marketing in the world cannot equal the weight of a brand evangelist. A brand evangelist is a customer who is loyal to your brand and goes out of his way to tell others about it. But how do you find these brand evangelists, if you even have them? And how can you leverage their love of your company to create more e More »Identifying brand evangelists

  • 6 ways to grow your business in any economy

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    Even if the economy is not doing well, that’s no excuse to let your business fail. Here are some foolproof ways you can stay afloat during a recession. The key to a strong business is being able to thrive, no matter what the economic conditions. It can be challenging to make sales when people aren’t spending money, but with a bit more attention to the following areas, you can make sure you not only stay afloat but also do well during difficult times. 1. Find New or Different Customers If you’ve More »6 ways to grow your business in any economy

  • Differences between the W-2 and W-4

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    Hiring and retaining employees requires filling out various forms that must be submitted to the state and federal government. Learn basic information regarding the W-2 and W-4 tax forms so that you save time this tax season. About the W-4: The W-4 is a tax form used to evaluate an employee’s personal tax situation and calculate the correct amount of federal income tax that should be withheld from his/her pay. Factors used to determine this amount include family situation (number of children, m More »Differences between the W-2 and W-4

  • Working with the government

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    A summary of the U.S. Small Business Administration’s guidelines is provided here. Certification Unlike other jobs, certification is required for government contract work. Certification allows the government to measure a business’ capability of performing a certain job before work starts. You will be required to register as a vendor with the government by entering information about your company on the Central Contractor Registration Database. Multiple factors are considered, including the number More »Working with the government

  • How to build customer loyalty

    Docstoc - Mon, Feb 20, 2012 11:01 AM EST

    Keeping an existing customer is far easier than trying to bring in a new one for each sale, but ensuring your customers stay loyal to you isn’t always easy It costs more to find new customers than it does to keep the ones you already have, so it makes sense to do what you can to maintain those who are already happy with your services or products. Building customer loyalty is a step that many companies skip, because they are so focused on bringing in new ones. It is far more expensive to market More »How to build customer loyalty

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