Insights, Ideas, Results
Get your salon equipment right, and the rest will follow. Of course, all stylists are looking to strike a balance between low cost salon equipment and high end products, but there doesn’t necessarily need to be a trade-off between the two.
You can save money and retain your favourite supplies – it’s possible! But it’s also possible to get creative with your boutique’s budget. Read on for more information on how to revitalise your salon for next-to-nothing.
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We’ve all dreamt about standing up in front of a packed courtroom and shouting the words, “You can’t handle the truth!” But when it comes time to protecting our small businesses and our personal assets, reenacting A Few Good Men won’t get us very far.
There are several legal myths that small business owners commonly believe in. These myths aren’t only dangerous to our companies, but they can be dangerous to our personal livelihoods. Take a look at the five legal myths below to make sure your company isn’t sinking into hot water.
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As we herald into 2013 I thought it would be worthwhile to revisit the stories we produced in 2012 and the response we received from the readers. Here are the top 10 articles, in no particular order that got the most attention, discussion, controversy and response.
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Personal injury attorneys and legal referral lines advertise everywhere from benches at bus stops to the radio, television, newspaper and Internet. Apparently there’s big money in getting injured! Although some personal injury claims are legitimate and their subsequent lawsuits justified, others are simply born out of greed. Why? Unfortunately, for too many people, the thought of earning an easy buck by suing someone for an injury that may or may not exist is more attractive than actually working to earn that dollar.
Thinking of starting a small business? Our infographic breaks down the best and worst states for business by real change in GDP, top level state income tax, and number of INC 5000 businesses. Whether you’re starting a web firm or a traditional brick and mortar business, this infographic provides highly-useful information with regard to the incorporation decision process. Local economic climates and state taxes can be a heavy burden on web startups and other small businesses. Making the right decision can save you thousands of dollars in the end; it did for us.
Come January, the festive season will be over and will soon be followed by the tax season. Small business owners will start sending and receiving form 1099’s showing the money paid and received for the services they rendered in the year 2012. One of the newer forms that IRS has introduced is 1099K starting in 2011. Sellers of items on E-commerce sites such as eBay and Etsy, that include many home-based merchants, are the typical recipients of this form. Many of them were caught by surprise last year upon receiving this form. There was also lot of confusion surrounding the form resulting from the instructions provided by IRS on this form (What else did you expect from IRS?)
So what is form 1099K and what does it include?
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Guest Post (Brought to you by CP Law)
The working environment around us is full of principles, rules, and regulations. Some people who work around you have a propensity of using aggressive behavior against others and some are very polite in nature. The main aspect of having the employment law in such working places is to ensure that every employee is working in the safe environment. If you are an employee or an employer, you have to obey the employment law within your state. It is very important that employees must understand their responsibility set out by the employment Law.
Get familiar with the legal rights for an employee:
The right to be paid maternity leave/casual leave/sick leave/sudden leave
A core and fundamental right is the national minimum wage
Greater holiday allowance
Parental leave
Right to work in flexible hours
There is a crucial difference between being tough and being a jerk when it comes to running small business. Many small business owners take it to the extreme when it comes to being tough and, as a result, end up alienating their employees and everyone else around them. In the previous post I described why you don’t have to be a jerk to succeed in business.
I have received interesting feedback from the readers on that post. Some of them maintained that when you have to deal with number of people, many of whom are out there to take advantage of you, you have no choice, but to be a “jerk”. This is where many of us get it wrong. While you don’t want to come out as too “soft” to make sure people do not take you for a ride, you don’t have to go to the other extreme either to succeed. There are ways by which you can portray yourself as tough and still be respected by people around you. Read on to find out how:
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All successful business people are jerks to some degree, right? Steve Jobs, one of the most brilliant and successful entrepreneurs, who is liked (worshiped) by many had personality that many of us would not be able to stand. He fired quarter of the team working on next generation computer called Lisa because they were not “A-players”. He even refused to pay the share of bonus he and his partner, Steve Wozniak, had received after laboring for 4 grueling days to meet the deadline to produce a prototype.
These and the stories of other successful people may make us think that the only way to succeed in entrepreneurship or in small business is to be a jerk and screw people of their fair share. But is that a fair assessment? Were they successful because they were jerks or is there more than what meets your eyes?
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My previous two posts on hiring a manager for small business received interesting feedback from the readers. Some made arguments both for internal promotion, while others said external candidate is the best choice. To recap, the first post focused on why you should promote a manager from inside . I believe this is the best course of action when small businesses need to fill in the manager vacancy. However, there is a case to be made for hiring an outsider as laid out in the second post based on suggestions received from the readers.
It appears which candidate will be a better choice depends on your particular situation – what state the business is and how the newly hired manager fits in that situation. Instead of looking at this choice in black and white, you need to take a step back and look at your needs and see how the manager will help you fulfill them. So here are my thoughts on when to hire each type of candidate.
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