Businesses are always looking for an edge to hone their operations against. Whether it’s cutting costs or streamlining processes, the ultimate goal is to improve performance and plan ahead for continued progress. This can be quite hard if companies aren’t measuring key metrics or tracking important aspects of their day to day operations. Continue reading 5 Things Your Business Should be Tracking Right Now
Category: Business Management
If you are a small business owner, you’ve probably hired a freelancer by now for something. Participating in the gig economy is nearly unavoidable at this point since so many workers have transitioned to working independently. According to research done by Freelancers Union & Elance-oDesk, there were 53 million Americans or 34 percent of the US workforce that worked as freelancers in 2014.
I have been working for Timesheets since the end of the recession and, over the years, I’ve had the opportunity to witness the country’s job growth from an unsuspecting perspective – at least we here at Timesheets weren’t expecting it.
Sometime around 2011 we started seeing more license upgrades, i.e. our customers were adding employees to their service. Every company needs to track time and as a company increases its workforce it also increases its need for time tracking. While our company always managed to gain new customers, even at the economy’s lowest point, we had never seen much activity with license upgrades until early 2011.
While past generations were just grateful to have jobs in the midst of war and depression, the Millennials of today want much more than to just pay the bills. Having been raised in a time of financial prosperity and numerous advances in technology, their focus is not on job security. Instead, it’s on things like having a job they love, at a company with values they appreciate, using state-of-the-art technology, benefiting from awesome perks, feeling a sense of community and purpose, and more.
Businesses with fewer than 50 employees are not required by law to insure their workforce. However, about half of them do anyway. There are several options for very small businesses that want to provide health insurance to their workforce. Many still go the traditional route with group health insurance. Many, however, are finding other ways to provide coverage as health insurance premiums steadily rise.
You can’t do business without calculations and one could argue that you can’t do business without calculators – after all, where would you get the time to run your business if you had to calculate everything by hand. Lucky for the nation’s small businesses, the internet offers tools of all kinds to help with everything from the most basic to the most complicated calculations.
Freelancers often start out (and end) charging too little for their services. It’s normal to feel like you’re asking too much – especially when your fee is more than you yourself have ever paid for anything – but businesses have bigger budgets than most individuals have so your desired price tag is probably fine. A couple thousand bucks is not as much money to them as it is to you.
Continue reading 4 Signs You Are Under-Charging Your Clients
There are similarities between freelancers and entrepreneurs – they are their own bosses and claim their “business” on their taxes – but the two are distinct. This distinction is important to understand if a freelancer wants to expand the operation and make more money.
Regardless of whether you ever showed an interest in the topic and regardless of whether you even use your email address, spam will almost certainly find its way in. Most of the spam you get is irrelevant to you but so is most of the advertising you see each day. And that’s just what it is – advertising.
Fun At Work Day. That sounds like an oxymoron, doesn’t it? Work is where you get stuff done. Fun is where you don’t. But that’s not entirely true. The two often overlap and, if work (and life) is to be enjoyed, they definitely should sometimes. Our culture is beginning to catch on to this and the needs of employees are becoming a top priority. Employers are beginning to recognize that most workers don’t check their humanity at the door as soon as the clock strikes 9am. Most of us continue to laugh, smile, joke, and feel the world around us no matter what time of day it is.
Continue reading Fun At Work Day: January 28th, 2015
Some newer entrants into the office space may think that open floor plans and collaborative areas have been the norm since the beginning of time. This, however, is simply not the case. The currently accepted norm of an office space’s construct encourages collaboration as well as private brainstorming free of distractions, but it is not a new concept; it’s just a new spin on a concept created by Frederick Taylor.
When most people think of a small business, we think of the little mom and pop shops in our neighborhoods – the small coffee shops and restaurants nobody’s every heard of. We think of the specialty shops and high end stores that struggle to compete with the multinational retail corporations. We think of startups with 5 or 6 employees and local businesses providing everyday services.
Continue reading What Is A Small Business?