Any business, no matter what size, needs a proper succession plan for the future in order to be successful from generation to generation. A bad plan, or not having a plan at all can ruin all your hard work, as it did for the Stroh family. Stroh's beer was one of America's most impressive family fortunes and due to poor business decisions and bad investments, the massive beer empire disappeared in just two decades. Read here how the family could have prevented the downfall.
You might think confidentiality in an investigation would be critical to respecting the privacy of those being investigated, but that's not necessarily the case in workplace investigations. In many states, employees have the right to discuss workplace investigations and employers can't make blanket rules restricting that right. There is some confidentiality when needed under certain circumstances and for certain workers, but not always. See what we've learned from the most recent ruling.
Managing employees is a difficult job. That's why not everyone chooses to go into a management role at some point in their careers. Yet, if you're a business owner, this is likely not an option and you need to know what needs to be done and how to do it in order to avoid costly mistakes. After years of court cases between employees and employers, there are now some clearly established rules on the right things to do, and we've summarized them here for you.
Everyday business owners make severe mistakes when selling their business and lose thousands of dollars in the process. As entrepreneurs, they had once dreamed of owning their own business and building it to success. Here are 6 straight-forward tips you can use to get you started the right way.