6 Essential Tips for Effectively Starting a New Business

Starting a business can be an extremely liberating act. You eliminate your boss, you eliminate wasted costs, and you can focus on your passions. Unfortunately, starting a business can also be an extremely overwhelming act. You no longer have a boss, the responsibility rests with you to make the right choices, and there is no guaranteed, steady income as my boss at Premier Factory Safety have found out. So to help ensure your new business brings you liberty and not anxiety, here are 6 tips for effectively starting a new business.

  1. Save – The number one stressor when starting a new business is income replacement. Some will use lending as a back-stop, others will use retirement funds, and still others will have cash savings available. While all three will provide an ability to pay the bills while starting a business, the first two can have costly long-term ramifications in the

7 Ways to Keep Employees Engaged

keeping-employees-engagedEngaged employees are more productive, less likely to quit, and promote a healthier work environment for everyone. And as important as employee engagement can be for a large corporation, it can be even more important for a small business, where excessive turnover or low employee productivity can literally destroy the business. As such, here are 7 ways small business owners can keep employees engaged.

  1. Allow for Feedback – Nothing can demoralize an employee faster than being shut down when they have an idea. Small business owners often think they know the best way to manage every aspect of their business. Oftentimes, however, the employee doing the task all day may have a more efficient method. Allowing for employees to open up with new ideas about business processes, products, or ways to improve satisfaction is important to engagement. It can also be an easy window into what is bothering employees and