WHEN EVALUATING COST/BENEFIT ANALYSIS Cost/benefit analysis is the exercise of evaluating an action’s consequences by weighing the pluses, or benefits, against the minuses, or costs. It is the fundamental assessment behind virtually every business decision, due to the simple fact that business managers do not want to spend money unless...

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HOW TO ESTABLISH AND MAINTAIN ETHICAL STANDARDS OF BEHAVIOUR IN A SMALL BUSINESS Entrepreneurs and small business owners wield great influence in determining the ethical philosophies of their business enterprises. Employees often follow the lead of the owner in executing their duties and attending to their responsibilities, so it is...

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5 TIPS FOR BUILDING A CULTURE OF SECURITY AMONG REMOTE EMPLOYEES This article was originally published at nightfall.ai In one of our previous posts, we highlighted the importance that making security a part of your organizational culture played in keeping your remote workforce secure during the COVID-19 pandemic. But what does that entail? In this...

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IS NOT PAYING OVERTIME ILLEGAL? This article is published by tcbassociates.com based on Content Marketing Partnership with Hourly.io   First things first—what does federal law say about paying your employees overtime? All hourly, or non-exempt, employees must receive overtime pay for any hours they work over 40 in a workweek—at...

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GUIDELINES FOR BALANCING WORK AND FAMILY IN HOME-BASED BUSINESSES Owners of home-based businesses face unique challenges in the realm of achieving a desired work/family balance. Whereas small business owners who commute to their place of business everyday are usually freed from child-rearing responsibilities for the duration of their time there,...

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ORGANIZATIONAL CHARACTERISTICS THAT ENCOURAGE INTRAPRENEURSHIP Intrapreneurs are employees who work within a business in an entrepreneurial capacity, creating innovative new products and processes for the organization. Intrapreneurship is often associated with larger companies that have taken notice of the rise in entrepreneurial activity in recent years; these firms endeavor to...

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KEYS TO A SUCCESSFUL HOME-BASED BUSINESS A home-based business is any enterprise for which the principal administrative and managerial activities take place within an individual’s personal residence. People start home-based business ventures for a wide variety of reasons. For example, some people are forced to leave the corporate world as...

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WHY CASUAL DRESS POLICIES CREATE POTENTIAL PROBLEMS IN COMPANIES Although casual business attire tends to be a popular option among employees, some companies encounter problems implementing casual dress policies. Many problems arise when companies describe their dress codes using vague words like “appropriate,” “professional,” and “businesslike,” without spelling out a...

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