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Administrative Matters

257 posts
employee retention
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Why Long-Term Incentives Are Key to Employee Retention

One of the many consequences of the COVID-19 pandemic is the enormous strain it is putting on an organization’s ability to hire talent. Many businesses are now implementing a return-to-office mandate, which is causing a large reshuffle of talent in multiple industries. To avoid the costly endeavor of continuously hiring new employees, it’s key to...
SOC 2 audit
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An SOC 2 Audit: Why Your Business Should Get One

Information security is more important than ever, and part of that includes conducting SOC 2 audits. SOC 2 stands for System and Organization Control 2 report. Simply put, an SOC 2 report is designed to instill confidence in business owners and stakeholders by proving that all operations are happening in a secure manner. However, there's...
workplace safety
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Workplace Safety: Conduct a Workplace Risk Assessment

A complete workplace risk assessment is critical to protect your employees and your business. Be proactive in identifying risks before you are forced to because of liability. A thorough inspection of the work environment, equipment and systems must be done to determine potential hazards and to implement safety systems. Often, this inspection is timed to...
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Why Your Business Should Stay Remote in the Post-Pandemic Era

There’s no doubt that the devastating coronavirus pandemic completely altered the business sphere. So many companies had to adopt a fully virtual operational model and allow their employees to work from home for the first time. You, too, probably had to implement an entirely remote company setup and discovered something surprising: it worked out great!...
remote-employees.png
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Why Employers Should Consider Recruiting Remote Employees

One lesson the COVID pandemic has taught us is that employees do not need to work in the same location as their employer to be productive. This has since opened up a much larger pool of candidates for companies as they no longer need to focus on recruiting in areas near an office location. This...
business finances
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Understand Your Business Finances Better by Answering These 5 Questions

A business owner faces many pressures, concerns and challenges and, perhaps, the biggest concerns revolve around money. Without it, the business can fail, creating a domino effect that can affect everyone involved in the business, including you — the owner. This is why understanding your business finances is one of the most important aspects of...
return to the office
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How to Safely Return to the Office During COVID-19

In some areas of the world, lockdown orders are lifting, businesses are reopening, and many are hoping for a return to normalcy. As a leader, it’s a daily balancing act. I need to run a business, but I also need to ensure my employees are protected and have a safe work environment. The response to...
foreign qualify
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How to Foreign Qualify Your Startup to Do Business in a Different State

What happens when a small business has incorporated in one state, but wants to obtain the authority to do business and conduct operations outside state lines? Generally, most small businesses must file an application to foreign qualify. A foreign qualification, if you’re unfamiliar with the term, allows businesses to legally do business in states outside...
registered agents
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What Entrepreneurs Must Know Before Acting as Registered Agents

Shortly after incorporating or forming an LLC, small businesses must designate a registered agent. Not familiar with the term? A registered agent, often abbreviated as an RA, is the point of communication between the state and your LLC or corporation. Designated registered agents accept official documents on behalf of the business. They must organize the...
linkedin job post
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7 Tips for Writing a Strong Job Description on LinkedIn

Crafting a job description that attracts quality candidates is tricky. That’s why we analyzed the way millions of job seekers interact with job posts on LinkedIn and provided seven powerful tactics to help you write stronger job descriptions. POST A JOB: Get $50 off when you post your first job on LinkedIn Tip 1: Keep...
taxes
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5 Things Every Freelancer Should Know About Taxes

When I first started freelancing, there were at least a dozen things more urgent to me than taxes. Networking, incorporating, setting up a website, client pipeline... you name it. It wasn’t until tax time, nine months later, that I realized my mistake. How? TurboTax told me that I owed $13,200 to the IRS. I scraped...
outsource
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8 Things Every Entrepreneur Should Know About Outsourcing

Outsourcing can save a lot of time and money, but hiring outside experts for the wrong tasks can also negatively impact your business. Here’s how eight business leaders and advisors in The Oracles decide what to outsource and what to keep in-house. Consider how your needs will evolve By outsourcing, entrepreneurs can operate in ways that used...
compliance
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What Mom and Pop Shops Need to Do to Stay in Compliance

Each year on March 29, we celebrate the owners of Main Street’s small businesses and startups with National Mom and Pop Business Owners Day. As the backbone of the U.S. economy, these family-run companies pack a mighty punch over their bigger competitors. These businesses put their customer first, engage with the community, and are able...
HR
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6 Reasons Your Small Business Should Embrace Online HR Software

If someone was to watch you run your business, what would they see? An entrepreneur scrambling to keep up, buried in a mountain of paperwork and putting out fires as they erupt? Or a business with clear, organized processes, relying on simple online software to get things done quickly and efficiently? The choice is yours....
firing
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The Art of Firing: How to Let Someone From Your Company Go

It's every team's nightmare — someone in the company just doesn't fit. They may have a difficult personality, or constantly make mistakes, or maybe they're splendidly fit for the position, just...elsewhere. When it occurs to you that someone in your group doesn't exactly belong, you may want to disregard it or wait for signs of...
non-disclosure
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7 Common Non-Disclosure Contract Mistakes Startups Make

Of the many contracts that startups draft and execute, non-disclosure agreements (NDAs) are among the most common. Protecting intellectual property is a key concern, and thus, startups want to legally prevent employees, vendors and investors from disclosing information about the company to others — in particular, the competition. Despite the importance of these agreements, many...
Hire
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How to Know When It’s Time to Hire Help as a Solopreneur

You may have initially envisioned running your startup as a one-man or one-woman show. After all, you’re competent and intelligent. Surely you can handle whatever comes your way! And the idea of trusting an additional hire with your baby, your business? Scary. But lately, you’ve been overwhelmed. Hopefully that’s because business is booming and you...