The Ongoing Costs of Running a Franchise
If the thought of launching a business and becoming your own boss is something you’ve always entertained, it’s wise to have an idea of what it will cost to keep your operations afloat. As you read this you may think about overhead expenses—things like rent, utilities and insurance—however, if you’re considering becoming a franchise owner,…
Read MoreWhy More Businesses are Turning to Coworking
The labor market remains tight, and businesses are turning to creative solutions to find skilled workers. A potential, growing option is coworking. Charge Spot defines coworking as a space where freelancers, startups, and now larger businesses get together and share a workspace. Coworking will continue to grow more popular as the traditional salaried worker gives…
Read MoreEmbracing Call Center Technology with AI
From routing customers to providing self-service solutions, artificial intelligence is improving call center technology in a number of dramatic ways. Artificial intelligence is able to automate many of the more mundane business processes associated with call center operations, improving the experience for both the call center users and the call center employees. Through artificial intelligence, call…
Read More5 Fundamentals of Limited Liability Corporations
A Limited Liability Company (“LLC”) is a hybrid business entity which contains elements of a partnership and a corporation. LLCs consist of members and managers. An LLC may provide tremendous benefits for its members, which include asset protection, intergenerational transfers, tax saving strategies, wealth preservation, flexible management structures, and clarity on the roles of all…
Read MoreA Cure for Cold Feet: Why It’s Time to Open the Door to Outsourcing
Flexibility that speeds innovation while reducing your risk. Access to top talent, regardless of location or long-term interest. Fit-for-purpose teams that exist for only as long as you need them. Increased control over how your internal resources are used. Money saved across the board on benefits, training, office space, turnover, and downtime. Processes and protocols…
Read MoreSimplifying the Recruitment Process Outline
Finding the right candidate to fill open any position is never easy. Hiring managers and executives around the world will tell you that spending hours combing through applications and interviewing potential additions to the team can be a lengthy, draining process. The good news is that there are ways to simplify your recruitment process so…
Read MoreHow Cutting SALT Deductions Affects Your Taxes
As part of the new Tax Cuts and Jobs Act, Congress placed a $10,000 limit on deductions for state and local taxes, commonly called SALT. If you typically pay less SALT than that, then no problem, right? Many taxpayers in states with high income taxes, though, don’t see it that way. They feel the regulation…
Read More8 Tips for Quantifying Traction in Your New Venture
What is the definition of traction for a business startup today? According to most investors I know, traction is some clear evidence that the “dogs are eating the dog food”—usually meaning that you have at least one customer paying full price for your solution. If your phone app or service is free, then the number…
Read MoreDo You Ask Better Questions?
Given the amount of competition out there, the challenges of landing a new client and the struggles with keeping the clients you do have, I totally get the hunger to have the right answers. But, it’s not about the answers we provide, it’s about the questions we ask. We want to think that after all, what…
Read More7 Pros and Cons of Face to Face Communication in the Workplace
Communication is one of the highly valued elements of any business, company, or workplace. Businesses have incorporated various channels of communication as a way of ensuring that workers can efficiently communicate amongst themselves as well as with customers. Such communication comes in handy in facilitating various operations within the business while generally promoting corporate efficiency.…
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