A majority of small-business owners are projecting that their revenues will rise this year, a Kabbage survey states. Those gains come from hard work, with 86% of respondents saying they work weekends and many saying they work during their time off.
Assuming a management role in a new team can be intimidating. To begin building trust and respect, HighGround CEO Vip Sandhir recommends four steps, starting with holding individual meetings with each team member.
Reacting to problems as they arise can suck up most of your time as a small-business owner, but adjusting your approach can help you become more productive, writes Tommy Mello, founder of A1 Garage Door Service. Focus on doing the tasks at which you excel, and consider the long-term future of your business, he writes.
The cryptocurrency startup Tether said it had assets worth about $31 million stolen by a hacker. The company said it is making an effort to recover the tokens and will prevent the stolen assets from re-entering its ecosystem.
Some enterprise products are sold directly to executives, while others are sold to lower-level managers and spread gradually throughout the company. Understanding the nature of your specific product and sales model is key when raising money for your startup, writes Gary Swart, general partner at Polaris Partners.
Businesses thrive when leaders let go of the need to be the smartest people in the room and surround themselves with other capable, experienced professionals, says Laura Rea Dickey, CEO of Dickey's. "You should be committed to your culinary as much as you're committed to your people," she says.
There are certain legal issues that retailers should be aware of as they hire temporary workers and staff up for the holiday season. Attorneys from Greenberg Traurig explain how to manage concerns related to joint-employer liability and overtime pay, among other issues.
Sen. Ron Johnson, R-Wis., has said he opposes the current versions of the House and Senate tax bills because of their treatment of small businesses in comparison to C corporations. However, Johnson said he is working with others to address those issues, and he said he is "encouraged by the information and the cooperation I'm getting right now."