Advice for small business owners on successfully starting a business
by Michelle Benjamin
The idea of starting your own business and being your own boss is a concept that many of us find exciting. According to the Small Business Administration (SBA), over 600,000 new businesses are started each year in the United States. The SBA also reports that approximately one-third of those businesses will fail within the first two years. So as a new business owner, what can you do to make sure that your business is not one of those that fails?
5 ways to attract the right new hires in 2014
By Adrienne Burke | Profit Minded
If you’ve ever made a hiring mistake—and who hasn’t?—you know the consequences can be painful. Many of them— including the estimate that a bad fit for even the lowest paid job will cost an employer $25,000—are presented in a National Business Research Institute infographic. And a widely cited statistic attributed to the U.S. Department of Labor, which has long offered employers guidance on good hiring practices, puts the cost of a bad hire at 30 percent of the employee’s potential annual salary.