/Managing People

Should You Offer Equity to Employees?

571_3161065When your staff feels like family, it’s only natural that you would want to get them more involved with your business. After all, employees who feel vested in your company are more likely to work hard!

One way to involve them more is to offer equity to employees. Here we’ll look at whether it’s a good fit for your business.

Why Offer Equity

When you first start a business, your company’s success relies completely on you. But as it grows, you come to rely on others to help you grow your business. Offering equity is one way to show your appreciation of the people who work so hard for you every day.

But the benefits go beyond that. Many companies use equity as an employee perk to save money. If you offer slightly less in salary, but offer some great stock options, an employee has the potential to make more than they would with just the salary. Continue reading “Should You Offer Equity to Employees?” »

By | April 13th, 2015|Managing People|0 Comments

How To Find Motivated Employees for Your Small Business

436_3085788When you first start a business, you may not need to hire, But as you grow, you start looking for people to help you take your business to the next level. But where can you find the right motivated people? Sure, you can post your job on a job board, Craigslist, or career site, but you can’t always know that you’re getting quality applicants.

So where DO you find the right people?


The people you do business with, your existing employees, and your friends and family are a great place to start your quest for a motivated employee. There’s a reason why referrals account for 40% of all hires. The people others send to you tend to be more self-starters and enthusiastic workers. Continue reading “How To Find Motivated Employees for Your Small Business” »

By | March 30th, 2015|Managing People|0 Comments

6 Hiring Mistakes Small Business Owners Make

438_3392848As you grow your business, you will inevitably need to hire help. If you’ve never been an employer before, there are certain pitfalls you need to avoid that many business owners make. Here’s your guide to what not to do in hiring staff.

1. Not Knowing Your Needs

Once you start a business, your responsibilities will grow quickly. You know you need help, but maybe you assume a part-time secretary will fit the bill. Only you need her to take on your social media management, answer the phones, and manage your accounting. You find out too late, after you’ve hired her, that the job is more than she’s qualified for.

It’s important that you assess what your hiring needs are before you start the search. Do you need a full-time or part-time person? What areas do you need help with? What level of expertise do you need? What’s your budget? Continue reading “6 Hiring Mistakes Small Business Owners Make” »

By | March 27th, 2015|Managing People|0 Comments

Why You Don’t Need to Be Your Employees’ Friend

436_3122139I get it, I really do. You spend 40 or more hours a week with the people you hired, so it’s understandable that you’d start to form friendships. But once you start a business, you’ve got to draw a line between being friendly with your staff and trying to be their friend. The difference between the two is where the respect you need from them lies.

How to Be Friendly (Without Going Overboard)

Any office functions better when the staff gets along. In our office, you’ll hear people asking about their colleague’s weekends on Monday mornings, and often they’ll go to lunch together. I’m right there, engaging in dialogue with my team, but there’s a point at which I stop. Usually that’s in oversharing personal details. My motto is: if I’m willing to share it on Facebook, I can share it around the office. If not, I keep it to myself. Continue reading “Why You Don’t Need to Be Your Employees’ Friend” »

By | March 23rd, 2015|Managing People|0 Comments

Starting a Business: What Roles Do You Need to Fill?

609_3542405When you first start your business, whether you are set up as a sole proprietorship, partnership, a corporation, or a Limited Liability Company (LLC), you may take on all the work yourself. After all, you consider yourself a great multitasker, so why not do it all yourself?

You’ll learn this lesson sooner than later, but I’d rather you do it now and save yourself a lot of headache later: you’ve got to delegate to be an effective entrepreneur. That means that from Day 1, you should have the right people on your team that will help you skyrocket to success.

Identify What You Need Help With

To that end, you first have to determine what areas of your business you need help with. Start with the areas you’re less skilled at, or that take more time than you’ve got. For example: Continue reading “Starting a Business: What Roles Do You Need to Fill?” »

By | March 20th, 2015|Managing People|0 Comments

6 Ways to Lead by Example

792_3723922Running a company — and therefore being in charge of people — is both a blessing and a curse. It’s a blessing because it’s fulfilling in so many ways. But it can be a challenge because every day, regardless of how you feel, you have people looking to you for guidance. You’ve got to be on your toes and ensure that you’re doing your best to lead by example so that your staff emulates what you do and works their hardest for your company.

Here are 6 tactics I’ve found effective in my leadership strategy.

  1. Do What You Say.

I’m big on keeping my promises. Yes, I’m swamped, but when an employee asks me to do something, such as review their work or provide feedback, I make it a priority. That way, they know that my word is my bond, and that they can trust me.

  1. Say What You Mean.

I don’t believe in pussyfooting around something. I’m always honest. I refuse to lie or even expand on the truth to an employee, because I know from experience that it always backfires. People appreciate the truth, even if it’s ugly. Continue reading “6 Ways to Lead by Example” »

By | February 25th, 2015|Managing People|0 Comments

4 Ways to Show Your Employees You Care During the Holidays

775_4506103Your employees are the lifeblood of your business. Without them, you couldn’t move forward! And they like to hear from you that you know how important they are to your business.

While I try to let my staff know how much I appreciate them throughout the year, the holidays just provide even more opportunity to do so, and in a fun way.

1. Give Them a Bonus


If your company can afford it, the end of the year is the ideal time to share with your team a little of the wealth your staff has helped generate. Even if you can’t afford much, any monetary gift can be appreciated.

You can give your sales team bonuses based on their sales numbers, or spread the joy around to your entire team. Consider setting up a scale so that the bonuses are in line with how long each employee has been with your company. Continue reading “4 Ways to Show Your Employees You Care During the Holidays” »

By | December 17th, 2014|Managing People|0 Comments

Should You Hire an Intern This Fall?

609_3688247Every season brings something different, and in addition to cooler weather, the fall brings you the opportunity to boost your staff without reducing your budget. Hiring an intern is a great way to take some of those mundane tasks off your list while possibly grooming your next employee.

Why Interns?

As a small business owner, you don’t have a lot of money, but you do have a lot of work. So while hiring a full-time employee isn’t always an option, hiring an intern is. Sure, it’ll take some training and hand-holding, but working with an intern provides many perks:

  • You can focus on running your business while they handle the admin or repetitive tasks
  • You get more done without stressing
  • You teach them the ropes, and if you like them,  you can hire them after the internship is complete
  • You get a free trial run with a potential employee!

Some colleges require you to pay at least a nominal salary to your intern, while others are nonpaid. Figure out which fits your budget. Continue reading “Should You Hire an Intern This Fall?” »

By | August 11th, 2014|Managing People|Comments Off on Should You Hire an Intern This Fall?

Should You Hire Interns, Freelancers, or Employees for Your Small Business?

609_3799441When you get to a point in your business where you need help, you’ll probably come up against the question: what type of help should I hire? Factors like how much help you need, your budget, and the area of specialty you need assistance with will all factor into your decision.

Fortunately, you have a few options that all fit different staffing needs.

The Intern: Affordable, but Needs Hand-Holding

If you’re looking for a highly-affordable option (and sometimes even free), interns are a great possibility. They’re ideal for those easier tasks, like making copies and filing, and if you snag one from your local university’s marketing department, you might even land one who can help you with your social media management.

If you read that Twitter pays its interns nearly $7,000 a month, don’t despair: some internships are unpaid, while others pay minimum wage. Remember, you are giving students valuable training and the ability to list real work experience on their resumes, and that is worth something. See if the local college has requirements of you as an employer in terms of pay. Continue reading “Should You Hire Interns, Freelancers, or Employees for Your Small Business?” »

By | July 9th, 2014|Managing People|Comments Off on Should You Hire Interns, Freelancers, or Employees for Your Small Business?