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Human Resource Management is an essential part of running a small business with employees
Understanding the documents you need to have on hand when overseeing a workforce
Mistakes to avoid and technology issues to consider
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When hiring for your business, it’s important to have your interview process planned out instead of just “going with your gut” Selecting candidates and deciding on the best questions to ask Tips for assessing which applicant is best for the role
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Entrepreneurs often only work for themselves, but leadership skills are a must when you have majority ownership with your partners or when you bring on employees How leadership skills can give your company direction, set the tone of your business, and create and maintain a cohesive company Clear communication, developing a vision, and other advice for stepping into the role of a leader
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Risk management is vital for preserving your company in the face of unexpected circumstances Understand different scenarios for internal and external risks How to develop a risk management plan, and prepare for unpredictable risks
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Understanding the core activities that make your business work Identifying basic and expanded business processes Steps for performing a process analysis
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Research shows that companies that in their employees and workplace post better profits than those that don’t
Fair pay and benefits, an open leadership model, and other strategies to improve your company culture
Ensuring that your employees are engaged with their work is also a crucial factor
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Employers are required by law to pay their employees, but unexpected circumstances may leave you with too little cash to make payroll
Communicating the situation is essential, after which you can pursue one of several potential solutions
An inability to meet payroll may be a warning sign that you need to make changes to your business strategy
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Keeping track of your business expenses and income is crucial for assessing your business strategy and profitability
Several free online tools are available to business owners
Help forecast future cash flows, track down late payments, and turn the tedious task of getting paid into something much easier
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If you’re planning to bring on employees at your company, you need to have a grasp of human resources issues
Get a firm grasp of employment laws and requirements
Advance preparations allow you to develop a staffing plan, determine wages, and more
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How personality assessments can influence your business strategy and improve productivity
Tips for those managing a business
Help identify your own leadership style and evaluate employees’ natural propensity
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