Every business in Oregon—even those with just one employee—is subject to the state’s sick leave law, which requires up to 40 hours of sick time off per employee during a calendar year. Depending on the size and location of your company, sick leave may be unpaid, although some employers are required to provide paid sick…
Ultimate Guide
Creating an Effective Administrative Assistant Job Description [+ Free Template]
Writing a strong job description is a key step in hiring the perfect administrative assistant for your small business. It should include the role’s details, requirements, and compensation, as well as information about your company’s culture and application process. Explore the five steps below to ensure the administrative assistant job description you create clearly outlines…
What Hard Money Loans Are and How They Work
A hard money loan is mortgage financing for businesses that are unable to secure other types of traditional financing due to poor credit or properties in disrepair. Due to high interest rates and high fees, this is usually considered last-resort mortgage financing. Hard money loans are short-term financing, with a maximum term of fewer than…
10 Pros and Cons of Business Crowdfunding
Business crowdfunding is a great way to raise money for a new business, product, or idea. There are numerous crowdfunding platforms on the internet, and all of them can increase exposure, build an audience, and raise money to fund a business. However, success rates are low, and it can be a stressful process. Consider the…
What an FHA Multifamily Loan Is
An FHA multifamily loan is a mortgage loan, issued by a lender and insured by the Federal Housing Administration (FHA), that’s used to purchase a property with five or more units. These loans are subject to FHA loan limits and qualifications. FHA loans have lower interest rates and down payment requirements than conventional mortgages. FHA…
3 Best Apartment Loan Options
There are three types of financing available to small business owners looking for a loan to purchase an apartment complex. The type of loan they choose comes down to how well qualified they’re and how long they plan on keeping the building after purchasing it. Here are the three best types of apartment loan options:…
What Is a Section 1031 Exchange, and How Does It Work?
A 1031 exchange allows an investor or business owner to sell a commercial property, acquire another, and defer capital gains taxes in the process. The name refers to section 1031 of the United States tax code. When a property is sold for cash, the net proceeds incur a capital gains tax. However, if the investor…
Sales Performance Management: How to Get the Most Out of Your Team
Sales performance management (SPM) is the combination of processes and practices used to improve sales performance in order to increase revenues. Typically, it includes hitting individual sales quotas, organizational sales goals, and maximizing efficiency throughout the sales process. This article explores the best practices, helpful software tools, and provides an SPM example to maximize your…