Whether you own a small marketing firm or a multi-million dollar logistics company, the success of your business depends heavily on your ability to attract and retain great employees. Having a creative, innovative, committed team is absolutely vital, especially in a rapidly changing world with a workforce that’s overworked, underpaid and personally exhausted.

But while some companies are turning to traditional benefits like better retirement matches or vacation days to get better employees in the door, many are forgetting that running a people-focused business requires happy, satisfied and motivated employees. Employees who are there for more than a paycheck. Employees who enjoy what they do and feel rewarded and appreciated.

That requires an investment in your people beyond an annual pay raise. It requires an innovative approach to helping your employees grow as employees, professionals and individuals. Depending on your individual business and the people who work for you, the

When you are a small business owner you need to be on top of everything. And we don’t mean that you only need to be on top of what is happening inside your company. You also need to pay attention to your competitors, to the overall market, and also to the new legislation that sometimes affects your small business. This is where the best business news this year, and really the best business news in decades comes into play.

There are a lot of things changing this year for small businesses. As a result of Covid 19 our legislators have given lots of relief to small business owners. Some of the biggest help has been PPP loans(which are 100% forgivable) and EIDL loans(which are at very low interest rates and amortized over 30 years. You are probably aware that recently congress passed new tax laws help businesses. There is another

As we look ahead to 2023, one thing is certain: finding – and keeping – the right employees is going to continue to be tougher than ever. You can tweak your benefits, offer more money and give people the option to work remotely, but there’s something else you might need to consider: leadership styles. Company culture has become increasingly important and it starts at the top. No one wants to work for a crappy boss.

There are endless philosophies about leadership styles, but today, in the spirit of the holiday season, we’re going to talk about Servant Leadership. While this non-traditional leadership style was coined by Robert Greenleaf in 1970, the workplace preferences of Generation Z and Millennial employees has brought Servant Leaders forefront. While previous generations have been OK with clocking in, clocking out and going home, younger employees want engagement and feedback. They want to feel like their

Understanding breakeven point calculation is an important tool for monetary analysis utilized by business owners. When you find out variable and fixed expenses for the product your venture produces, you may utilize this data to calculate the breakeven point of your company.  

It can be useful to do this calculation for entrepreneurs who aim to define how many product units they require to sell at a given price point to break even. Keep on reading to learn about the benefits of this calculation and how to do it. 

What Is the Breakeven Point?

Let’s start with the definition of the breakeven point. This is the point at which sales of the company exactly cover the expenditures. Small business owners should know the values of the following three variables in order to calculate the breakeven point in the sales volume of their venture: 

• The selling price of the product 
• Variable expenses.