5 Reasons to Offer Employees Voluntary Legal Benefits

Most Americans are faced with at least one new legal issue each year. Legal matters require time and money to resolve, and some of that time is spent while on the job. Companies are increasingly helping to relieve their employees of this burden by providing a voluntary legal benefits plan.

Voluntary legal benefits

There are many reasons why an organization may opt to include voluntary benefits in a work package; here are just five:

Retain and recruit great employees

It used to be that one of the most important things a potential employee was concerned with were medical benefits. Now that the ACA is in effect and employees have other options for health insurance, employers are looking for additional ways to increase retention and attract great employees.…

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Employee Education Questions: Onsite or Offsite Training?

There’s no doubt about it, employee education creates outstanding results for companies, but even so, most businesses aren’t quite sure how to go about it. The questions are many: What exactly should the subject matter include? Who should teach the materials? And the most common question of all: Should workers train onsite or offsite?

Employee education

Onsite vs. Offsite Training: The Pros and Cons

Unfortunately, there is no concrete answer to this question, because it depends on several factors specific to your business. The most obvious reason to consider onsite training is because learning takes place in the actual work space on the same equipment and technology workers use in their day to day operations.…

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7 Essential Considerations for Choosing a Cloud Hosting Service

You’ve probably heard that moving your business to the cloud has its advantages, but where do you start? What options do you have and what are potential pitfalls? You shouldn’t just pick any random cloud host, and preparation and careful consideration will help you avoid data loss when you move. Here are some considerations you should make before you sign a contract with any cloud host.

Cloud hosting

What Type of Reliability is Offered?

Reliability determines your uptime, which you depend on for productivity and servicing customers. If you rely on the cloud host for both public-facing apps and internal apps, any type of downtime results in revenue loss.…

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Evaluating the Potential of Extending Credit to Your Customer

There has been an ongoing debate among business owners as to whether or not extending credit to their customers is an ideal practice to consider. The reality is that you’re providing your products or services upfront, with the hopes that the customer will repay you at a later date. Of course, there are various risks involved that should be considered, but with the proper management of your cash flow and credit departments, extending credit to deserving and qualified customers can prove to be less of a risk and more of a competitive edge.

Agreeing upon credit extensions

Reality Check: Times Are Rough

Though the global economy is recuperating at a pretty steady pace, it doesn’t negate the fact that many people are still facing financial difficulties.…

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How to Improve Your Customer Service Through Efficient Process

There are two types of business in the world, there are those that rely solely on the talent of their employees, and then there are those that measure, track and report back on the work done by their talent. By far and away, the second type of business is going to have more success with your customers.

Efficient customer service

Customers don’t care if part of your business is failing; they simply want to know that they’re going to get what they’ve paid for. Businesses that rely on talent alone are unstable and unpredictable, and when there’s a problem with an aspect of the business, there aren’t the processes in place to find it, isolate it, and fix it to get the product to the customer on time.…

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5 Tips for Small Businesses Looking for a Loan

The ways in which small businesses and startup companies find the funding they need to develop their ideas and target growth has changed significantly in recent years. The process is no longer focused entirely on winning the approval of your local bank manager and there are new dynamics at play in this vital context for SMEs.

Business loans

Here are some ideas worth having in mind if you’re looking for a loan as a startup or a small business:

1. Be honest and realistic

It is vital that you believe in what you’re working on as you apply for any form of funding.…

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The Pros and Cons of Taking Your Business International

Taking your business international opens up a huge number of markets, but also invites some risks. According to Shahram Shirkhani, your small business can have greater success if you adapt to the global marketplace. Even if your local markets fail, your business can prosper in the international market.

International business growth

Advantages of International Business

You can offer a wider range of products globally than you may be able to offer locally. Even if one or more of your products fail to sell well locally, you can look for new markets where it is in demand. When you are open globally, you won’t need to dump unsold inventory for a loss.…

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Managing your Wealth: Understanding Risk and Maximising Returns

If you are investor, you will no doubt have become accustomed to strained economic climates and fluctuating returns in the wake of the Great Recession. The current economic landscape is no different, as while it will continue to cool throughout the fourth financial quarter it is likely to remain among the strongest in the developed world over the course of the next decade. More specifically, the National Institute of Economic and Social Research revealed that British economy will have grown by 3% by the end of this year, with further expansion of 2.5% forecast for 2015.

Wealth management

Risk and Return: Wealth Management in the Current Climate

These figures stack up well in terms of the global economy, and this should at least make the life of a UK investor a little easier.…

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Three Top Financial Tips for the Self-Employed

Since the financial crisis of 2008, the ranks of the self-employed have gradually been swelling, with widespread job losses prompting people to take their futures into their own hands. Around 1 in 10 people now work for themselves, but what many fail to realise is that moving from an employed position to self-employment requires some careful financial planning. If you’re newly self-employed and not sure where to start, read on to find out.

Business finance for the self-employed

Tip #1: Tax

People who work for themselves need to be extremely proficient when it comes to record keeping. If you take the time to keep accurate records of your set-up costs and ongoing expenditure, then you’ll find it much easier when it comes to drafting your accounts at the end of the year and calculating your potential tax liability.…

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5 Eco-Friendly Changes You Can Make to Your Office Space

A lot of business owners put off making eco-friendly changes to their office spaces and businesses because they believe that those changes are expensive. If we’re being totally honest, the actual implementation of those changes does usually cost money–sometimes a lot (like with the solar paneling we mentioned here). What makes that cost worth it, though, is the amount of money the change saves you over time. Many of the upgrades and changes you make really do end up paying for themselves.

Eco friendly light bulb

Here are five of those types of changes:

1. Install Eco Friendly Lighting

Did you know that CFL bulbs actually aren’t the most energy efficient bulbs out there?…

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