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business operations

Workers’ Compensation Insurance: How It Affects Your Business

by / ⠀Entrepreneurship Startup Advice / May 18, 2022
Workers' compensation insurance claims can affect your bottom line via increased premiums and expenses. Here's how to navigate this risk.

Workers’ compensation insurance safeguards your employees and your organization in event of a job-related injury or disease. However, a claim may still affect your bottom line through greater premiums and overhead expenses. This type of insurance covers medical expenses and medical treatment for the injured or ill employee. It also provides partial compensation for income losses if they need some time off to recover. Workers’ comp legislation differs…

Hybridizing? 3 Return-to-Work Company Risks to Avoid

by / ⠀Entrepreneurship Remote Work / March 30, 2022
Return-to-work tactics are blooming, with businesses like Microsoft and Google pushing workers to include HQ workdays in flexible schedules.

Return-to-work tactics are blooming, with businesses like Microsoft and Google pushing workers to include HQ workdays in flexible schedules. Hybrid or virtual work will continue to be the preferred workplace paradigm for the foreseeable future. Especially if companies continue to become more involved in volatile world situations. Many organizations are starting the arduous work of adjusting their return-to-work operations to suit a hybrid workplace model. This included developing…

The Digital Brain of an Effective Business CEO

by / ⠀Entrepreneurship Finding Customers / February 16, 2022
CEO decision-making around digital brain transformation becomes impossible if departmental silos and divisions are allowed to remain high.

CEO decision-making around digital brain transformation becomes impossible if departmental silos and divisions are allowed to remain high. An imaginary client makes a market-leading product, and they said something really interesting. But will data bear this out? It doesn’t matter how excellent the product is, they said. This is where the concept of managing your business out of a collective “digital brain” becomes so critical. That exciting new…

A CEO’s Guide to Choosing AP Automation Software

by / ⠀Entrepreneurship Investment / January 25, 2022
The answer to time-consuming accounts payable processes is an investment in AP automation software. Here's how to find the right solution.

Do you source your business products from suppliers on credit? If yes, you need to create an account payable (AP) department. The department will be responsible for tracking what creditors owe your business. It also ensures that payments are processed, approved, and made to the right supplier at the same time. Nowadays, AP automation software can free up your employees for troubleshooting and other important financial functions. Sometimes…

7 Tips To Improve Your HVAC Business Operations

by / ⠀Entrepreneurship Startup Advice / November 22, 2021
Regardless of the size of the HVAC business, ensuring smooth business operations can be challenging...but not impossible. Here's seven tips!

Running any business is never easy. If you’re an HVAC (heating, ventilation, and air conditioning) contractor, you’ve definitely had your fair share of challenges. Regardless of the size of your HVAC business, ensuring smooth business operations can be challenging…but not impossible. When HVAC businesses improve their operational efficiency, they enjoy a favorable increase in profits, revenues, and customer satisfaction levels. It also helps their business stay competitive, leading…

Successfully Navigating the Consultant Cavalcade

by / ⠀Entrepreneurship Startup Advice / November 20, 2021
Consultants are both a blessing and a curse in the modern business environment. Keep an open mind once the need to hire one becomes clear.

Consultants are both a blessing and a curse in the modern business environment. Keep an open mind once the need to hire one becomes clear. Because they are unfamiliar with how the process works, many business owners prefer to hire in-house workers rather than a consultant or fractional resource. Many businesses are more familiar with the position of a full-time employee than they are with the function of…

4 Tips to Ensure the Integrity of Your Business Assets

by / ⠀Entrepreneurship Startup Advice / November 1, 2021
Asset integrity is critical for keeping your business operating at maximum capacity. Here are four time-tested tips to keep top of mind.

Business assets refer to any item that has value to an organization whereas integrity refers to the reliability of that asset. Assets fall into three categories: tangible, intangible, and digital. While they carry properties unique to themselves, these assets also have one thing in common. All of these assets require protection and security. After all, these assets are practically the lifeline of your business, so it’s only fitting…

Automate These 6 Business Processes to Accelerate Your Growth

by / ⠀Startup Advice / July 24, 2019

If your competitors arrived for a race on souped-up dirt bikes, you wouldn’t roll up to the starting line on a tricycle, would you? While you struggle with administrative headaches and repetitive tasks, your competitors rely on smart software to do the heavy lifting. It’s time to catch up. By automating more tasks, you can reduce your day-to-day burdens and spend more time growing your business.  With so…

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