Whether you’re launching a new venture or just running a side gig, keeping business and personal money separate matters more than you might think, for organization, for tax time, and for legal protection. But not all business bank accounts are created equal, and picking the wrong one can cost you in fees and hassle. Here’s what to look for.
Partnerships are notoriously fragile, and even the most promising ones can sour fast once one partner stops pulling their weight. If you’re carrying more than your fair share and resentment is starting to build, it’s time to address it before the business suffers. Here’s how to have that hard conversation, and what to do if things still don’t improve.
One employee’s personal crisis can quickly become your business’s problem too. Whether it’s a health scare, a divorce, or the loss of a loved one, life events don’t pause for work schedules — and how you respond can make or break that employee’s future with your company. Here are several practical strategies to help a struggling team member get through a hard time while still keeping your business running smoothly.
Right now the real estate market is on fire while other sectors struggle to stay afloat. It might look like chaos, but it’s really just proof of the old saying that the only constant is change. Some businesses will be hurt by these shifts, while others quietly thrive. Read on to learn three ways to prepare your business for whatever change comes next.
If you run a family business with no heir apparent, a succession plan might be your best option — handing the reins to a trusted employee, competitor, or outside buyer instead of a relative. But turning over control isn’t without risk. Before you commit to a succession plan, here’s what you need to know about its biggest advantages and its most common pitfalls.
They say the first hire is always the hardest, and for good reason — you’re trusting a total stranger with your company’s reputation based on little more than a sheet of paper. Hiring pros spend just seven seconds scanning a resume, so knowing what to look for matters. Here’s how to catch the red flags that reveal more than an applicant ever intended.
Not every employee is thrilled about heading back to the office, and some are getting pretty creative with their excuses. It’s frustrating, especially when replacing a trusted team member costs far more than convincing them to return. Before you resort to ultimatums, here are a few smarter ways to win back your reluctant staff.
Ask entrepreneurs what their biggest enemy is and you’ll hear about self-doubt, lack of capital, or too little focus. But surprisingly, one of the most counterproductive traits is an unshakeable belief that they can make any relationship work — even the ones that clearly aren’t. Sometimes ending a bad business relationship is exactly what opens the door to a healthier one. Here’s how to know when it’s time to let go.
Zoom fatigue is real, and if you’ve been feeling drained after back-to-back video calls, you’re far from alone. Between eye strain, watching yourself on camera, and the mental effort of reading body language through a screen, videoconferencing takes a toll most people don’t expect. Here are three simple ways to fight back against the burnout.
Collecting on unpaid invoices is one of the most unpleasant parts of running a business, but ignoring them isn’t an option — that money represents real time and effort already spent. Between customers who stonewall, partially pay, or vanish altogether, getting paid can feel like a losing battle, especially during uncertain economic times. Here are a few proven strategies to get your accounts receivable back on track.