According to the U.S. Small Business Administration (SBA), “business insurance protects you from the unexpected costs of running a business.” Accidents, natural disasters and lawsuits are all potential problems significant enough to shut down your business if you’re not properly prepared and covered for them. The federal government requires every business with employees to have … Continue reading Insurance 101: Getting the Coverage You Need
Going from passionate and hardworking to burned out can happen quickly. Research shows that burned out employees are unengaged and less healthy. According to the American Institute of Stress (AIS), job stress is far and away the major source of stress for American adults — and it has escalated progressively over the past few decades. … Continue reading 5 Ways to Avoid Employee Burnout
Too much cash is a great problem to have, but how much is too much and what do you do with it? First, you need to determine how much cash you need to keep your business safely running. The general rule is enough to cover at least two months of overhead. You can also open … Continue reading What to Do with Excess Cash: 5 Ideas to Ponder
We’ve all heard the term SEO, which stands for search engine optimization, but what does it mean and how should we be using it? Many small businesses don’t use SEO to their advantage. SEO can determine whether you gain or lose a sale when customers search for your business online before buying. The right online … Continue reading SEO Crash Course for Small Businesses
Employee spending can add up fast and also lead to fraudulent behavior if left unchecked. Managing employee expense reimbursements can be challenging, especially for a small business. As a business owner, you need to know what you’re reimbursing for, while also being fair to employees. Here are four tips to help keep expense costs down … Continue reading How to Effectively Manage Employee Expenses
Under a compromise plan finalized June 24, 2018, during the Louisiana Legislature’s third special legislative session, the state sales tax rate residents currently pay will be reduced. Beginning July 1, 2018, the overall rate went from 5 percent to 4.45 percent and will stay that way until June 30, 2025. This is actually a partial … Continue reading What You Need to Know About Louisiana’s State Sales Tax Change
It’s not too late to prepare Hurricane season officially begins June 1st each year and runs through Nov. 30, but that doesn’t mean that a named storm won’t pop up before then. In 2018 the first named storm, made landfall Memorial Day weekend. No matter each season’s predictions, it’s important to be prepared both at … Continue reading Your Business and Hurricane Season
When you hire an employee, there’s salary or hourly wages to consider, but that’s just the starting point for the true cost of a new hire. How do health insurance, payroll taxes, workers compensation insurance and more factor into the big picture, not to mention various hidden costs like work space and training? Using an … Continue reading How Much Does an Employee Really Cost?
There are plenty of ways that new tax laws in Washington will affect your bottom line, but not until you file your 2018 taxes. You can still take advantage of 2017 tax breaks now and then start planning for changes next year. Depending on how you and your business will be affected, it might be … Continue reading Is the New Tax Law Good for Business?
All business owners want to be successful, but the statistics are high for failure in the first five years. Not understanding customers, differentiating the business in the marketplace or leveraging future growth are some of the top reasons businesses fail. So, what makes business owners successful? It takes a lot of time, effort and planning … Continue reading Top Three Characteristics of a Successful Business Owner