When it comes to hiring Gen Z, you need to first understand what matters most to them. Members of this generation are known for being digital natives, socially and financially conscious, tech-savvy, and continuous learners. They are also called the most diverse yet loneliest generation—and they are waiting to reshape the workplace. To attract Gen…
Ultimate Guide
Navigating Small Business Health Insurance Costs in 2024
According to the Kaiser Family Foundation (KFF), group health insurance premiums averaged $8,435 for single coverage and $23,968 for family coverage in 2023. Understanding the costs involved in group health insurance is crucial for making informed decisions for any business. When evaluating group health insurance options, employers have to consider key individual costs including premiums,…
Raising Money From Family & Friends To Fund Your Business
If you’re trying to raise money for your business, turning to your friends and family may be a good place to start. Instead of looking to a bank or other lending institution, sourcing funds from friends and family can be more accessible and often allow for better rates and repayment terms. However, lending always comes…
Guide to Part-Time Employee Benefits: Types & How to Set It Up
There aren’t a lot of federal regulations focused on part-time employee benefits, so it’s up to the employer’s discretion what type of benefits they will give their workers. Companies would typically offer the same benefits to part-timers as they would to full-time employees—the most common of which include health insurance, tuition insurance, fringe benefits, and…
Fact Check: Is It Illegal to Not Accept Cash?
The question of whether it is illegal to not accept cash is a relevant and important question for many small businesses. The short answer is—it depends on where you are located. There is no federal law that requires businesses to accept cash, but there are some states that have laws in place that prohibit businesses…
Business Owner’s Policy: BOP Insurance Cost, Coverage & Providers
A business owner’s policy (BOP) is advantageous for small business owners because it brings together general liability, commercial, and business interruption coverage—often for a lower price than if you were to purchase the policies separately. Learn what a BOP policy is, how much it costs, and what coverages it typically includes, as well as top…
DUNS Number: What It Is & How To Get One
A Data Universal Numbering System number, or DUNS number, is a nine-digit unique identification number facilitated by credit bureau Dun & Bradstreet (D&B). This number is attached to a D&B business credit report, which is a publicly available profile and can be used to identify data that provides an outlook on the creditworthiness, reliability, and…
Ultimate Guide to Pay Adjustments for Small Business Owners
A pay adjustment is any change made to your employee’s salary. The change can be an increase or decrease in their compensation. It can also be permanent or temporary. Moreover, it can apply to a single employee or to the entire salary structure, where all employees can get an adjustment. There are many reasons why…