Small businesses and start-ups owned by women and minorities can face some steep hurdles in the marketplace – sometimes shockingly so. Consider this: according to a White House fact sheet, fewer than 3% of companies that receive venture capital funding have a female CEO. Fortunately, small businesses helmed by women, minorities and other disenfranchised groups do have potential access to some resources to help overcome intrinsic disadvantages like that venture capital funding issue.
A new trend has emerged in government oversight of retirement plans like 401(k)s, and it’s not good news for small to midsize business owners. In fact, this couldn’t come at a worse time: a 2015 survey found that 67% of small business owners (SBOs) plan to increase their company contribution to employee 401(k) plans; and 30% of SBOs who don’t offer retirement plans currently, plan to do so in the future.
One of the biggest challenges facing any small business owner or entrepreneur has nothing to do with their business: it’s making sure their personal, non-work lives and relationships can still thrive despite the amount of time and energy they pour into their work. Here are some tips to help foster healthy family relationships.
We are a civilization swimming in information. By 2020, the digital universe will contain as many digital bits as the physical universe contains stars. Doubling in size every two years, the data we create and copy annually will reach 44 trillion gigabytes.
Game mechanics, or gamification, is very popular in business circles right now. It’s easy to dismiss as just the latest business fad, particularly given that the name itself seems to suggest something light-weight.
Would it surprise you that many people find work less stressful than home life? "When we looked at the difference between home and work in terms of their cortisol levels — that biological marker of stress — we found that people's cortisol levels were significantly lower at work than they were at home," researcher Sarah Damaske told NPR.
We’ve previously advised small businesses to evaluate whether “that startup mentality [is] what your small business needs.” Ultimately, we advised business owners to attune their approach to running their business to the needs of their business. But what does that mean at different stages of a small business’s growth, and how can small businesses use HR to help power their growth? Today we’ll look at those questions.
The startup approach to small business is taking the world by storm, but is it the right way to approach your business? Startups are defined by their flexibility, their ability to adapt fast and adopt innovative, visionary business strategies. That sounds great, right? Hold on.
Your small business is at higher risk of identity theft than you realize. For one thing, small businesses double up on the risk right away: (1) the business itself can be targeted, as can (2) the private information of its customers.