What Is Reasonable Compensation for a Shareholder?

Reasonable compensation is a term you want to be familiar with when valuing your company and your shareholder compensation.  As business owners, we have the privilege and responsibility of setting our own wages.  However, how much we take impacts the profits we report on our financial statements. Why should I use it? The health of […]

The Death of the Annual Performance Review

If you have employees, you probably also have a process to help them understand how they are doing on their job performance. There’s a new trend in large companies to kill the annual performance review and replace it with continuous, instant feedback as well as a tool called an after-action review.  This trend is the […]

Five Ways to Streamline Your Payroll Process

For business owners with employees payroll is a necessary task. There are many rules and regulations you need to know about. Processing payroll can be very time consuming. Sometimes hiring an outside payroll service is best. We want to help you streamline your business and focus on whats important. If you’re looking for a way to […]

Biggest Reasons why a Business Fails

The success and failure of a business may seem to be influenced greatly by luck or fate. In reality, there are common mistakes that cripple a business no matter how well it has been rooted. One of the obvious reason is the failure to manage cost or anticipate a hike in the cost of managing […]

Keeping Overhead Expenses Low

Tips for Keeping Overhead Expenses Low for your Business Out of control overhead costs can cut into your business profits. Among other challenges, overhead costs is the greatest challenge that business owners face. Overhead costs are expenses that are not directly involved in providing of services or producing goods. In order to run a successful business, […]

6 Tips to Keep in Mind When Hiring Your First Employees

In the article 6 Tips to Keep in Mind When Hiring Your First Employees, Jeffrey Hayzlett, Prime Time TV Host and bestselling author of Foretime Cowboy, reflects on what he believes are the most important steps to do prior to hiring your first employees. Entrepreneurs start out as a one-man band, add devout followers and […]

Franchising Your Business

What are the Benefits of Franchising Your Business? Franchising is a business model where a parent company allows other people to operate franchises which offer the same quality of service and which follow similar procedures regardless of their local or international locations. There are many factors that benefit not only the parent company but the […]

10 Things Exceptional People Say Every Single Day

By: Jeff Haden http://www.entrepreneur.com/article/237471 September 16, 2014 LinkedIn Influencer, Jeff Haden, published this post originally on LinkedIn.     Want to make a huge difference in another person’s life? Want to make a huge difference in your life? Here are things 10 things exceptional people say every day — to employees, colleagues, family members, friends, […]

Hiring Employees In California

Here are some main procedures when hiring employees In California: 1. Background Check If you are thinking of hiring employees in California, you will need to go about it the right way. The first thing you should do is conduct a background check on the potential new hires. However, you are forbidden by law to […]

Managing Priorities Before They Manage You

Ever looked at your fingers and wondered why they are different heights? There is a lesson we can learn from that. Just as all our fingers are useful but not the same height, so are the activities in our lives. This includes all things in life. As much as we feel the need to do […]