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How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

In fact, one-quarter of companies fail within the first 12 months , and most don’t become profitable businesses for 18-24 months. I would advise any entrepreneur—but especially those starting a business for the first time —to create a personal budget. The good news is that you can make a salary even if your business isn’t profitable.

Budget 279
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5 Long-Term Financial Goals and How to Achieve Them

Success

While still making the minimum payment on all of your debt, focus on paying down high-interest debts first using extra funds in your budget. Fiduciary vs. financial adviser A fiduciary is a type of financial professional who commits—legally—to making decisions with your best interests in mind under fiduciary duty.

Goals 259
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The Biggest Financial Mistakes to Avoid in Your 20s

Success

If that’s not possible within your budget initially, you can work toward this goal over the course of a few years. Kenniston recommends searching for someone who is a fiduciary—in other words, someone who has a legal or ethical relationship to provide trustworthy advice. However, beyond that, your money might be wisely spent elsewhere.

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The Biggest Financial Mistakes to Avoid in Your 20s

Success

If that’s not possible within your budget initially, you can work toward this goal over the course of a few years. Kenniston recommends searching for someone who is a fiduciary—in other words, someone who has a legal or ethical relationship to provide trustworthy advice. However, beyond that, your money might be wisely spent elsewhere.

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Benefits of outsourcing HR for small businesses

BMT Office Administration

HR outsourcing takes complex or time-consuming tasks off of small business owners’ plates so that they can focus on leading and growing their companies. Creating company policies: Crafting policies from scratch can be difficult, especially in a small business. Businesses will be paying year-round salaries to maintain their HR staff.

Payroll 52
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Companies Are Using This Sneaky Strategy To Avoid Paying Overtime

Allwork

Not only are firms regularly using phony job titles to circumvent overtime payments, this practice is more common in companies where the employees have little to no bargaining power. It’s estimated that each fake managerial position saves companies almost 14% in overtime expenses.

Salary 284
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Highlights from a Talk With the CEO of SHRM: What HR Really Thinks About EAs

Bonnie Low Kramen

On one hand, we know that Executive Assistants are the backbone of companies, the right arms to their managers, and the face of the company culture. On the other hand, I hear from assistants that job descriptions are obsolete, salary bands are slow to move, and job titles do not reflect the level of responsibility for the role.