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
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 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…
Inventory Aging Report and Why It Matters
An inventory aging report, also called an aged inventory report or stock aging report, provides key metrics on how quickly your inventory moves. It’s essentially a list of the items on hand grouped by the length of time in inventory. It can also help reduce your cost of storing inventory by providing information on what inventory…
Pros and Cons of an LLC
A limited liability company, or LLC, is a common business structure among startups and small businesses. In this case, the business is owned by its members. The business structure mainly affects legal liability and taxation, but in many ways, it can influence the very core of the business model and its daily operations. The main…
How to Make Money Blogging: The True Ultimate Guide
If you search the internet for “how to make money blogging,” you’ll no doubt find a lot of advice. Sadly, much of what you’ll learn from well-intentioned gurus is incomplete—or inaccurate—and will at best guide you down the path to mediocrity. At worst, that advice could lead to dismal results. To create a profitable blog,…
FedEx Routes for Sale: The Ultimate Guide
Much of FedEx’s success is due to the over 12,000 independent business owners who own the routes and deliver and pick up packages, keeping the FedEx machine running smoothly. These entrepreneurs hire and train delivery personnel, purchase and maintain vehicles and other equipment, and oversee the day-to-day operations on their route. Where to Find FedEx…