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Are you financially ready to hire your first employee?
Your small business is blooming and you are at a crossroads: it’s time to bring on an employee! Before you start thinking about posting an ad and conducting interviews, a very important question needs to be addressed.
Are you FINANCIALLY ready to hire?
You don’t HAVE to have an employee handbook, but here is why you should…
Doesn’t it feel like having an official “employee handbook” is a big, grown up, not at all “small” business thing to have? The reality is, an employee handbook can make your boss life a lot easier AND cover your ass legally.
Benefits you can offer your employees that are creative, unique and inexpensive.
For a small business, offering employee benefits can be a tough road. You value your employees & what they add to your business, but the cost can be prohibitive. Health care & retirement plans are kind of the gold standard, but there are lots of unique & low cost ways to show your employees how much you appreciate them.
Being A Boss.
As COVID raged, I realized that I had capped out my capacity to take on any more clients without adding to my team. It was terrifying to think about adding that expense and responsibility though, and I vacillated for a while before I finally took the leap. Having managed payroll for several clients for a few years, I knew the basics and how to best manage it, but it was still stressful to start the process and it's still stressful sometimes. Through conversations with clients and other small business owners, I know that being a boss and a manager can be a challenging and consuming part of your job.
You can’t help getting older, but you can make it easier.
If you have kids, you know how much work it is to take care of them physically & emotionally. You are probably so focused on getting them to adulthood (and beyond) that you haven’t even considered what life will look like as your roles shift & they start to “take care” of you. it’s never too soon to think about the ways you can prepare. The transition will be difficult, but here are some things to think about to help you (& your kids) navigate that time as easily as possible:
Reasons you shouldn’t use a personal finance counselor.
Reasons to NOT use a Personal Finance Counselor:
You exclusively get your cardio from the heart racing anxiety that happens when your credit card bill arrives...