Employees will make mistakes. Even your best employees are going to make a mistake and it will have an impact on your small business.
If you mismanage the mistake or react in a nonconstructive manner, it could have a lasting negative impact on your employee, your clients, and your bottom line.
Learn how to handle employee mistakes in your business correctly.
Every business has two types of expenses: those you can see and track, and hidden business expenses. Both impact your bottom line, but most small business owners only focus on the costs they can see when looking at the financial health of their business. Are you like the typical business owner?
You need to know that hidden business expenses affect your company’s financial health as well. To better gauge what you can do to impact your company’s bottom line positively, you must understand both types of expenses.
Recently, I have heard many business owners say that they should Hire Slowly, Fire Quickly. In my opinion, it’s not sound business advice.
Many business owners misinterpret the meaning which leads to bad business decisions which are significantly costing their business.
Before you decide to apply hire slowly, fire quickly to your business, you need to understand the risks and why it might not be ideal.
Employees are expensive. There’s no denying that.
However, did you know that in some cases, the cost of not hiring an employee can cost you even more? Read this post to learn three ways not hiring an new team member can be significantly hurting your bottom line.
Knowing when to hire an employee is essential for business success. Before you add each new person to your team, you need to make sure that you NEED that employee. Read more to learn four signs that your business needs to add either it’s first employee or another one to the team.
