Setting up an estate plan is critically important for business owners because owning a business is challenging even in the best of times and with the current global pandemic, things are much more overwhelming as you pivot to build the most stability for you and your business. If a whole estate plan feels too overwhelming right now, at least get an inventory of your assets and business in place, where your loved ones/partners and your team could access if you become ill or die. Learn more here.
There isn’t a single person who isn’t impacted by the spread of COVID-19, in some way. People are anxious, wondering whether they or their family will get the virus themselves or whether their job is at risk now with the sheer number of businesses closing. And while you are undoubtedly very concerned about your business, your employees may be very on edge too. Here are a few recommendations on how to inspire your team to persevere in the face of all of these anxieties.
Starting a new business can be extremely difficult without motivation and the right support system. In fact, success for your business depends greatly on your confidence which is increased with the support of your family and friends. It is important that you make it clear to yourself as well as others how serious you are so they understand what your business means to you. Here are some tips to help you get started.
Growing your business and building a stellar team to help you can be fulfilling in addition to fruitful. Yet, costly errors in management of that team can quickly change the outlook and cause you to bring your growth into question. In support of your role as an employer, check out some of the common mistakes we've seen made by others in the past, and enjoy our tips on how to avoid them.