To start a consignment shop, as with any business, you’ll need a prime storefront and a strategy for acquiring customers and merchandise. It involves choosing a niche, establishing a budget and business plan, finding merchandise and laying out your store, advertising, staffing up, and, finally, opening to the public. Here’s how to start a consignment…
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Can I Open a Business Bank Account Without an EIN?
If your business is organized as a sole proprietorship or a single-member LLC, it’s technically possible to open a business bank account without an EIN, also known as a Federal Tax ID, but it’s not advisable. Even if your business structure doesn’t require an EIN to open a bank account, there are vital reasons to…
How to Offer Employee Benefits: Guide for Employers
Knowing how to offer employee benefits can help you attract and retain top talent within your industry. Providing benefits to employees requires you to establish your budget, identify the benefits you want to include, and consider how you want the benefits managed (i.e., through a professional employer organization) before finalizing and rolling out the plan….
How to Close a Business Checking Account in 8 Steps [+ Free Checklist]
If you have a business checking account you aren’t using regularly or are dissatisfied with your current bank, it may be time to close your account. This will help you avoid dormant account fees. In this guide, I’ll outline the process of how to close a business checking account effectively. This will ensure minimal impact…
Personnel File: Documents to Include (+ Free Checklists)
A personnel file is a paper or electronic folder kept for each employee—new, existing, and past—that contains HR and payroll documents. The documents within an employee personnel file should cover the entire employment lifecycle, from offer letters and W-4 forms to performance reviews and termination paperwork. Download our free checklists to help you keep track…
How to Write an AP Style Press Release (+ Free Template)
Writing an AP style press release is your best guarantee of securing coverage from the media for your story. This is because the Associated Press (AP) style has been the most established standard for all things journalistic writing for nearly 200 years (trust me, I studied journalism in school). Keep reading to learn the basics…
Understanding Unbanked Employees and How to Pay Them
A significant portion of the workforce remains “unbanked”—without access to basic banking services—creating challenges for both employees and employers. Understanding this population and their barriers to banking is essential for building inclusive workplaces and ensuring secure and efficient pay distribution. What Is an Unbanked Employee? An unbanked employee is an individual who does not have…
How to Improve the Candidate Experience: 8 Strategies
Creating an exceptional candidate experience isn’t just about filling positions—it’s about building relationships and showcasing your company’s commitment to people from the very first interaction. Here are 8 strategies on how to improve your candidate experience. 1. Highlight Your Company Culture Think of your company culture as a living, breathing ecosystem that candidates want to…