How to Motivate Younger Employees

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Running a business with a simple operations model can make an entrepreneur’s life easier. You can hire solely part-time, unskilled and easily replaceable labor, increasing the number of qualified job applicants and reducing labor costs. The team you end up with in this scenario is likely to be young – mostly teenagers or seasonal employees during […]

Think Before Spending

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Money doesn’t go far in small business. Should we spend more on marketing communications? Buy a new laptop; desktop; tablet; smartphone; or camera?  Upgrade our website; CRM; billing system; cloud storage; phone or Internet services? Hire a new sales, customer service, or finance person? Enhance employee benefits? Create new products? And so on. Each opportunity […]

Entrepreneurs on Taking Out the Garbage

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Through the Mindful Profits team’s experience with hundreds of entrepreneurs, a consistent theme has surfaced. In small companies, everyone “takes out the garbage.” Yes, entrepreneurs work overtime to forecast their budget and revenue; secure funding; pay credit card bills; invoice clients; collect payments; build a prospect database; launch products and services; manage sales and marketing; track […]

Good Employee, Bad Employee

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A wise woman once said that the first month with a new babysitter had better be blissful, because it’s all downhill from there.  Then there’s the “honeymoon” period when a couple first falls in love with each other.  No need to explain how that goes much of the time. Have you hired a new employee who seemed so engaged […]

When Did Hiring Employees Get So Scary?

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Small business owners sometimes assume hiring employees is a scary ordeal and that it’s safer to hire contractors. There are plenty of things wrong with these assumptions. First off, the Internal Revenue Service (IRS) takes a very close look at small businesses. Just because your business is small, doesn’t mean you’re immune to audits, which […]