In a labor market where it’s tough to compete with bigger paychecks and bigger benefits, how do you keep your best people from walking? One option more small businesses are exploring is the employee profit-sharing plan. But before you set one up, you’ll want to understand the real costs, the trust issues involved, and whether the upside is worth it for your business.

There’s a popular saying that you should hire for attitude, not skills, because skills can always be taught. It sounds catchy, but is it actually true? Turns out there’s real data behind it, and if you’re still building your hiring process around resumes and skill sets alone, you might be missing the trait that predicts success far better.

Going hybrid solved a lot of problems for businesses during the pandemic shift — but it also introduced a fresh set of challenges that don’t go away once the transition is over. From tracking work hours to keeping teams connected to hitting tight deadlines, hybrid workplaces demand ongoing attention. Here are three of the most common long-term hurdles and how to manage them.

Every business owner has that one client whose calls make them cringe — demanding, short-tempered, and seemingly impossible to please. As frustrating as they are, difficult clients are often worth keeping if you can manage them without losing your sanity. Here are a few proven strategies for staying calm, professional, and in control the next time they call.

Starting a business with your spouse sounded like the ultimate team effort — until disagreements over how to run it started spilling into your marriage. The good news is that couples run successful businesses together all the time, and it usually comes down to a few key adjustments. Here’s how to define roles, set expectations, and keep work from taking over your home life.

Amid the Great Resignation, holding onto good employees takes more than a paycheck — it takes investment in their growth. Upskilling your team not only closes skill gaps but builds loyalty, confidence, and a stronger sense of purpose that keeps people from walking out the door. Here’s why upskilling might be the smartest move you make this year.

With the labor pool running thin, plenty of businesses are hiring workers who don’t quite have the experience the job calls for — and that’s creating a double challenge for owners and managers alike. The good news is that inexperienced hires can become reliable team members with the right approach. Here’s how to train them quickly without cutting corners.

Rising inflation is squeezing consumers and small businesses alike, and hoping it simply passes isn’t much of a strategy. The owners who come out ahead are the ones who plan for the unexpected and adapt before they’re forced to. Here are a few practical moves — from refinancing debt to resisting shrinkflation — that can help your business weather the storm.

Business relationships go bad more often than anyone likes to admit, whether it’s a falling-out with a partner, vendor, or longtime collaborator. Before you write the relationship off for good, it might be worth trying to repair it — trust can be rebuilt with the right approach. Here’s how to patch things up and start the new year on better terms.

Hiring a family member seemed like a win for everyone — until it became clear he or she just isn’t cutting it, and now your business is paying the price. Firing a relative is one of the most uncomfortable decisions an entrepreneur can face, but avoiding it usually makes things worse. Here’s how to handle the conversation with honesty, empathy, and as little collateral damage as possible.