Big Ideas for Small Business® has been dedicated to helping small businesses succeed for over 20 years. The brainchild of Barbara Weltman, a respected corporate speaker, contributing editor, author of more than a dozen books from major publishers, sought-after expert media source, newsletter publisher and more than ever, a trusted advocate for small business owners. Big Ideas for Small Business® is a haven for entrepreneurs looking to succeed.
August 19, 2017
Worker Classification Law?
Small business owners know that it’s often difficult to decide whether a worker is an employee or independent contractor, and the IRS is keen on challenging worker classification. The New Economy Works to Guarantee Independent and Growth (NEW GIG) Act (S. 1549) would create a safe harbor for classifying workers as contractors. Conditions for the safe harbor: relationship of the parties, location of the services or means by which they are provided, and a written contract.
I’m excited to present this online, 3-part course for all small business owners and entrepreneurs! Classes begin September 5! Click here to find details, the course schedule, and how to register. Are you ready to set your small business up for success? You’ve done your homework and know whether your idea for a business makes sense and that you have the capabilities to do it. Now take the time to get started on the right foot by having things in place to run your business safely, legally, and successfully. Digging through all of the small business advice on the market, […]
The solar eclipse on August 21, 2017, which is visible in much of the U.S., is a special event. It doesn’t happen every day. This type of eclipse won’t occur again until 2024. I vividly recall watching the solar eclipse in 1970, and it brings to mind opportunities for small businesses. Special sales opportunities Merchandise relevant to a special event can be marketed to consumers. For example, solar eclipse glasses for viewing, t-shirts, posters, and more have been sold online and in stores across the country. The U.S. Postal Service even has a special forever stamp featuring the eclipse (if […]
Predictive scheduling laws, also referred to as fair workweek legislation or secure scheduling, require employers to give advance notice to employees of their shifts. These laws essentially bar “on call” scheduling by requiring additional pay to workers who receive short notice. From the employer perspective, it means having to pay extra or go without help during unexpected periods, such as before or after a storm or other unexpected event. NFIB called predictive scheduling the “small business fight of 2017.” What is predictive scheduling and how will it affect your business? What the law requires The rules vary by location, but […]
Transparency in business means operating in such a way that everyone knows what’s happening. With social media, it’s virtually impossible not to be transparent. Just about everything gets disclosed on social media sites… by your customers, your employees, and everyone else. Thus, it makes sense to think about how transparency can be best employed in your business practices. Management transparency Management transparency means managers let employees know what they are thinking and doing. Even more, it means that employees are brought into the decision-making process. Benefit: Worker satisfaction. According to a survey several years ago, management transparency was the number […]
The quotation that I keep taped to the top of my screen is from Benjamin Franklin: “An investment in knowledge pays the best interest.” So I’m a big reader. I’ve learned many valuable lessons, tips, and insights from the numerous business books I’ve read over the years. Here’s my personal list of what I think is essential for everyone in business. Some of these books were required reading for my students when I taught a college course on Principles of Entrepreneurship. You’ll see that the books may not strictly be business books, but I’ve found value in them for running […]
Murphy’s Law states that “anything that can go wrong will go wrong.” Edward Murphy, who is credited with the phrase, was an aerospace engineer who recognized that problems are inevitable and advocated the use of defensive design in the projects he worked on. How does this apply to small business owners? Murphy’s law suggests you need to have a backup plan. What’s yours? What can’t be controlled It’s just a fact that there are many forces and events that businesses can’t control, including: Weather Human error World events Death or serious illness of a key employee What can be controlled […]
You’re probably familiar with the problems that individuals face with identity theft. You file your return electronically and it’s rejected because an ID thief has already filed using your Social Security number. Or you seek a refund which is denied because one has already been paid out to a thief. The good news is that tax ID theft for individuals is down dramatically (a 46% reduction last year). The bad news is that ID thieves have turned their focus on business tax returns. Business tax ID theft Once an ID thief obtains key information about a business, it can then […]
Tracking Personal Time Off by OPEN Forum
Small Business Taxes and Spending by OPEN Forum
-Lynnette Khalfani-Cox, The Money Coach
-J. S. Budnik
-Meredith Wood, Fundera Ledger