“Was I supposed to keep that? Where? What else don’t I know?”

Demystifying the facts about Human Resource Laws – Ailee Nelson*, Professional HR Consultant   Many managers and supervisors can relate to this scenario: a new employee has joined your organization, and it’s taken quite a bit of effort to get to the stage of on-boarding. Congratulations on those first steps, which in themselves require a lot of clear knowledge on fair hiring practices. In my first blog, I will share…  Read more

Minimum-wage rates adjusted for inflation as of Jan. 1, 2019

Minnesota’s minimum-wage rates will be adjusted for inflation beginning Jan. 1, 2019, to $9.86 an hour for large employers and $8.04 an hour for other state minimum wages.  As of Jan. 1, 2019, an estimated 219,000 jobs (not including jobs in Minneapolis) will pay the $9.86 or $8.04 state minimum-wage rates. “This is great news for Minnesota’s lowest-wage workers and will help them keep up with inflation to better provide…  Read more

Avoid These 5 Costly Accounting Mistakes

A recent survey of over 500 small business owners revealed some of what we already know: flexibility and feeling in control ranked first in the “love” category of ownership.  Bookkeeping on the other hand?  60% say it’s their most hated task.  Hated or not, these 5 costly accounting mistakes can cause even more drama. Most business owners understand that effective financial management is key to their success. But lack of…  Read more

Eight Characteristics of successful small businesses

Running a successful small business can sound daunting when you’re first beginning your journey in entrepreneurship. International researchers who have studied many small businesses have found that these characteristics consistently play a part in the success of small companies. The eight characteristics are: 1.   Leading by example The owner or manager leads by example. He or she is usually the first to arrive and the last to leave. The owner…  Read more

5 Common Bookkeeping Pitfalls — and How to Avoid Them

Although most entrepreneurs recognize the importance of careful financial management, few do their bookkeeping on a frequent basis. Unfortunately, not keeping a close eye on your income and expenses can be very costly for a business. Here are five of the most common bookkeeping pitfalls, and some simple tips for getting back on track. Mixing business and personal All too often, entrepreneurs adopt a “buy now, sort later” approach to…  Read more

Why you need recurring revenue streams – and how to start

  Adding a recurring revenue stream (or two, or three!) can provide a predictable, ongoing source of income which will improve the accuracy of your projections, increase profits, and provide a buffer for any unexpected sales dips. Here are four simple ways to start earning recurring revenue for your small business. Auto-renew subscriptions The most tried and true recurring revenue model? The subscription that automatically rolls over each month unless…  Read more

Want to grow your business? Our Free Resources will Help