Having a plan is crucial to achieving success, regardless of the endeavor. Are you preparing a Thanksgiving feast? Or are you managing a small business or a football team? Regardless of what you do, it is essential to have a well-thought-out strategic plan.
Successful businesses follow certain bookkeeping practices. The practices track a business entity's financial position and regulatory compliance. Building and maintaining bookkeeping and accounting records takes considerable effort and time.
Proper employee management is necessary to improve the daily experiences of those you depend on to execute your daily business tasks. However, Human Resources is often seen as a burden to small businesses.
Small and large business owners often find it necessary to hire employees for some roles and independent contractors for others. It helps to understand the difference between the two as a business owner, which includes knowing when to use W-2s and 1099s.