Don't make the same mistake that cost me $90K
I’ve been a small business owner for 25 years. Along the way, I’ve had some great successes, along with my fair share of mistakes.
Sometimes those mistakes are easy to recover from. You recognize what went wrong, regroup and try something new. And sometimes you realize, “Uh oh. This is something I can never let happen again.”
Years ago, I had someone running all the financials for my business. She made about $70,000. Keep in mind, she was the one person who worked for me that knew the ins and outs of our financial procedures. Well, one day, she came into my office said, “As of today, I want to make $90,000, or I will walk out that door.”
I couldn’t let her leave. She knew what a bind I was in, and she took advantage. That’s a mistake I’ve never, ever repeated.
You might be thinking, “Kim, that was a $20,000 mistake. She was already making $70K.” Technically, you’re right. But to me, I chalk up the entire experience up as a costly mistake.
Now, employees are cross-trained, and we have systems in place that anyone with the right skillset can jump into. Having the right software in place is also critical.
Ditch the spreadsheets and get your financials in the cloud
If you’re a business owner, you don’t need us to tell you that running a business is tough. Don’t let QuickBooks and spreadsheets slow you down, making things harder than necessary. It’s time to upgrade to our sponsor, NetSuite.
Stop paying for multiple systems that don’t give you the information you need when you need it. Ditch the spreadsheets and all the old software you’ve outgrown. Now is the time to upgrade to NetSuite by Oracle — the world’s No. 1 cloud business system.
NetSuite gives you visibility and control over your financials, HR, inventory, eCommerce, and more — all in one place, instantaneously. Whether you’re doing a million or hundreds of millions in revenue, save time and money with NetSuite.
Join the over 24,000 companies using NetSuite! Let NetSuite show you how they’ll benefit your business with a free product tour at Netsuite.com/kim. Schedule your free product tour while you’re thinking about it! You have nothing to lose!
Hiring? How to write job postings to attract better candidates
If you’re looking to hire new talent, one of the best places to put your job opening with our sponsor, LinkedIn. It has nearly 800 million members, which means you have access to an enormous pool of talented workers. Employers like you love it for its detailed features that let you weed out poor matches and hone in on the best possible candidates.
Our best tips to find employees for your business
If you want to attract new employees, you’re in luck. The Labor Department says 4.3 million people quit their jobs in August. Thanks to “The Great Resignation,” many skilled workers are looking for their next best job.
Don't make this big mistake e-commerce companies often make
It’s a great time to sell online. Last year, many people didn’t want to venture out of their homes to shop at physical stores. That’s why they used online stores to get their essentials.
Statista studies found over 2 billion people bought goods or services online in 2020. Not only that, but sellers made 4.2 trillion U.S. dollars in e-retail sales worldwide. Good news: The online shopping gold rush is nowhere near stopping.
Finding the right person is hard. Here's why your job ad isn’t getting any results
If you’re looking to attract new talent to your company, there’s no better time to publish a job listing. There are a ton of talented people out there looking for their next great role.
Let’s say you posted an employment ad and no one is biting. Is it you? Is it the description?
These versions of QuickBooks are no longer supported - Time to upgrade
Each year, Intuit discontinues older versions of its QuickBooks line. As of May 31, these versions are no longer supported:
If you were using one of those editions, it’s seriously time to upgrade. We say it’s time to ditch the spreadsheets altogether. Don’t let QuickBooks and spreadsheets slow you down, making things harder than necessary. It’s time to upgrade to NetSuite.
Hiring? 3 questions to include in your next job posting
If you’re looking to attract new talent, it’s essential to have a social media strategy. After all, 79% of job seekers say they turn to social platforms when looking for new jobs, Zety data says. This number jumps to 86% if you’re specifically targeting younger talent, so if you don’t have a presence on some of the big job search websites, it’s time to hit the ground running.
Small biz tip: 3 mistakes tanking your profits
When you’re an entrepreneur or a small business owner, you know that every penny counts. There are so many regular costs, plus you have to spend even more when life throws things like weather damage or a global pandemic at you.
The 10 most in-demand jobs right now
If you’re looking to start a new career, you need to keep an eye on job trends. When you’ve got a finger on the job market’s pulse, you’ll know just where to look for new positions. You can cut down on the dreary months you’d otherwise spend job hunting.
5 simple ways to keep your employees happy and productive
In the age of COVID-19, the benefits of being in the office can be reduced across the board or eliminated. Many are even working from home. Now, more than ever, it’s important to keep your employees happy and productive during what can be a confusing time.
Ready to hire? Find great candidates the way Kim does
Every small business has its own unique needs. And, despite the uncertainty of the world right now, one thing that remains unchanged is the importance of having the right people on your team.
Some business owners turn to free job boards or sites like Craigslist. That’s a big mistake. You never know what you’re getting from sites like that. They simply don’t have the tools or screening systems in place to find quality employees, and you’ll never get back the time you waste doing that work yourself.
Small-biz essential: How to pick the best VPN
Blocking threats online feels like a neverending game of whack-a-mole. That’s why it’s important to take safety precautions before it’s too late and a criminal already has compromised your system. The best way to protect yourself is with a virtual private network.
Working from home? 8 tips for managing remote employees
The coronavirus pandemic has turned the world upside down. Millions of people are trying to help flatten the curve by practicing social distancing, among other things.
While this is a great way to help slow the spread of the virus, it’s taking a huge toll on the economy. Companies have seen a sharp decline in business and some have even had to close their doors. Others have been asking employees to work from home (WFH).