Category: Starting a Business

Family businesses have a rich history here in the U.S. In fact, 90% of American businesses are family-owned or controlled. Parents generally consider their children to be the first in line to inherit both the assets of a business and the management. Plumbers, farmers, food truck operators, and even franchisers are quick to look to their next generation of the family name to carry on the tradition – and the operation – of their carefully-built business empire. More Are Saying “No,… Read More

Running a small business includes so many tasks. From marketing to manufacturing to customer service, it can be easy to let payroll get lost in the shuffle. Thankfully, things have changed quite a bit from those paper ledgers and handwritten checks of the 70’s. First, it’s important to understand the benefits of adopting a new system. While automation can sometimes be accused of lacking personalization and being unresponsive to change, nothing could be further from the truth. In fact, today’s… Read More

If you’ve experienced a sudden change in cash flow or an unexpected expense, it can throw off your plans for your business. In some cases, it could impact your long-term goals. But in a worst-case scenario, it can have immediate ramifications, including not being able to make payroll. Not only would a late paycheck anger your employees, but it could also be a violation of the Fair Labor Standards Act (FSLA) and incur legal penalties. What’s more, employees may also… Read More

With the passing of Aretha Franklin a few short weeks ago, the world lost a musical legend and cultural icon. Dubbed the “Queen of Soul,” she’ll leave behind a legacy that will shine through history, impacting music for decades to come. The famed singer also left behind a considerable fortune, with some estimating her estate to be worth $80 million. However, while family and friend grieve a tremendous loss, they also must contend with another reality – the absence of… Read More

A lot has been going on with insurance these days. Despite a fast-moving and somewhat tumultuous political landscape, many small business owners are still asking “what are we going to do about health care?” With many of the main components of the ACA gutted, and several Obama-era rulings reversed, much of what companies have been hurrying to comply with is no longer relevant. What remains has left many small businesses without options for their modest pool of workers. The Department… Read More

Getting paid time off when you’re ill used to be a trademark of more traditional, full-time career employment; it came standard for many workers, along with pension (and a gold watch) when you retired. This was part of the picture only for some American workers, however, as most part-time employees, laborers in certain industries, and freelancers rarely received sick leave. While the Labor Department 2018 numbers revealed a slight increase in workers who got paid sick time (a change from… Read More