Starting a business is a lot like becoming a parent. Not only do you have to prepare for your start-up emotionally and financially, but you have to be committed to its constant needs until it's mature enough to hum along on its own. And even then (much like a child) it will always need you in some capacity, no matter how old it gets. Preparing for the worst can help minimize the risk to a small business. Sample disaster plans are widely available on the Internet, including the SBA's Web site, and can be customized for your business needs. Company wellness programs can help improve employees’ health and simultaneously lower health-care costs and raise productivity. While some companies set up extensive programs and contests, others offer simple ways to promote healthy living. High employee turnover costs business owners in time and productivity. Try these tactics to retain your employees. Business owners can reduce their health insurance spending by employing one or more cost-cutting strategies.
Hiring that first employee is a big step for a small business. Follow this advice when deciding whom to hire, when and how to find the best candidates. |