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3 Tips for Picking the Right Office Space

May 18, 2019


Whether you’re growing, moving to a better location or nearing the end of your lease, new office spaces are a natural part of the small business life cycle. While choosing a new location may not be difficult, finding the right one for your business and team can be. There are several important things to think about before choosing a space for your business, and your employees should be at the top of that list.

“When looking for a new office, the priority is how your team will feel in the new space,” said Joe Lawlor, co-founder of Digital Dynasty.

How can you consider your team’s attitude toward a new potential space? It’s good to start with some common questions and blend your business’s needs with the needs of your team. For instance, budget should dictate what office you move into, but location and proximity to mass transit or parking should be decisions made with your employees in mind.

Sandi Webster, managing director of C2G Partners, proposed some good questions to keep in mind when looking for new spaces:

  • Do your employees come in every day, or are they working from home?
  • What’s the public transit or parking situation like?
  • Does this office have space for your company to grow, or is it just enough space for right now?
  • Is there a realtor involved? What is their fee?

These are some questions that may not be immediately on your mind when looking but are very important – especially in the age of remote work, when many companies have liberal policies on when employees need to be in the office.

Looking for the right office space for your company boils down to three important needs: location, size and office feel.

Location

The driving force behind your office search is the …

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Why Every Startup Needs Workers’ Comp Insurance

May 16, 2019


And while every U.S. state mandates that startups carry workers’ compensation insurance in some form, it may seem tempting to skirt the limits on what is legal.

But that is just as much of a mistake as thinking that you can just start a business without the expense of ever consulting a lawyer or an accountant. Worker’s compensation insurance is mandatory, with strict penalties for noncompliance. And even if there was no such law, a smart startup needs a solid policy. Here are some reminders about why workers’ comp insurance is so important, as well as some tips for getting the best policy with the lowest premiums.

Explaining Workers’ Compensation Insurance

Every business, even ones mostly behind a desk, will have workplace accidents, injuries and illnesses. Workers’ compensation insurance kicks in during those instances, and provides benefits and compensation such as reimbursing medical expenses or lost wages. If a worker is killed on the job, insurance will provide death benefits to the employee’s family.

Unfortunately, there is no easy way to estimate how much your startup may have to pay for insurance. Insureon reports that a 2012 study of workers’ comp found that it could range from $.75 in Texas to $2.74 in Alaska. But those numbers are an average across all industries. For example, construction and mining businesses can pay a great deal more for worker’s comp compared to professional practices.

Pie Insurance points out that before workers’ insurance became commonplace in the late 19th and early 20th centuries, employers and especially employees would be stuck in lengthy and costly legal battles to determine whether the company had to pay. As a result, workers’ compensation insurance is no-fault, which means that it will kick in even if the employee is partially responsible for the injury as long as it …

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How to Create a Job Posting That Attracts the Right Candidates

May 16, 2019


According to a Career Builder survey, it takes 60% of employers 12 weeks or longer to fill job openings. That’s a lot of time, resources and money spent searching for employees, and the more time the position stays vacant, the more time it’ll take to move your business forward.

It’s too easy to create the wrong kind of job listing. If you look on a job board, you’ll see all sorts of examples: listings that are too formal, too casual, too short, too long or have other issues. How do you figure out what kind of posting will bring you the best candidates for the position? There’s no secret formula, but by analyzing data and statistics, you can optimize your job ad to appeal to the right audience so the position gets filled quickly and efficiently.

If you want to know how to write an optimized job posting to find the right candidate and achieve your business goals, here’s how to get started.

Keep it short and simple

Most candidates are searching through dozens of job ads a day trying to find the best fit for their qualifications, expertise and lifestyle. If they see that your posting is long-winded and wordy, it’ll discourage them from applying altogether. 

LinkedIn analyzed the job postings on its website and found that short posts (150 words or less) were applied to 17.8% more frequently than lengthy posts (450 to 600 words). The more concise you can make your job listing, the higher your chances are of receiving applications from candidates who have the qualifications you need.

Editor’s note: Need an employee background check service for your business? Fill out the below questionnaire to have our vendor partners contact you with free information.

 

State the skills required for the job

Don’t leave potential …

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Small Business Professionals Split on Immigration's Impact

May 14, 2019


One of the most debated topics in immigration is the impact immigrants have on the American economy and small businesses. Business.com surveyed the small business community on the pros and cons of immigration and found that professionals are generally split on the subject.

Business professionals split on immigration, but still face similar challenges

In one of the most illuminating aspects of the survey, 38.7% of small business professionals said immigration was good for business, 42% said it was bad for business, and 19.3% said it had no effect on their business. This split reflects the polarized attitude toward immigration as the Trump administration pushes for a border wall and Democrats push for DACA protection measures.

This split was apparent in the open-ended responses section, where we asked how immigration has impacted each respondent’s local community and business.

“Immigrants work hard to succeed and are grateful to be here,” said one business professional. “They seek care with open hearts and mind.”

While there were many positive responses, there were several negative ones as well, focused mainly on illegal immigration.

“Legal immigration is fine. Illegal immigrants lower the pay scale for everyone,” said another professional. “It’s difficult to compete with cheap labor when trying to build a business legally.”

One-fourth of the respondents call themselves immigrants, and 87% of those professionals said they felt welcomed by their local community. Despite the overall split in attitude toward the effect of immigration on business, both immigrant and non-immigrant business professionals said they faced similar challenges in running their businesses.

The biggest challenge for both immigrant and non-immigrant business owners was hiring and managing employees. The second biggest challenge for both groups was establishing a customer base for their small business. Immigrant-owned businesses, however, ranked their third biggest challenge as managing finances, while non-immigrant business …

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Red Flags to Watch for When Hiring a Freelancer

May 13, 2019


Sometimes you get what you pay for and other times, you don’t. Over time, it is possible to build a reputable pool of freelancers that you trust and can work with easily.

Yet, finding freelancers when you don’t have any experience, or are looking for new talent, is difficult. Luckily, there are a few red flags to avoid when hiring freelancers, no matter their specialty, that can save you from hiring someone who may not fit your company for whatever reason. Below, members of YEC share the key red flags they look out for when reviewing freelancer profiles and resumes.

1. Unrealistically low rates

Wise men say you get what you pay for. If the rates are too low, this should cause suspicion. There is the reason why their service is so cheap, and you won’t save any cash by hiring an under-qualified person. You might even spend more money on fixing all the mess they’ve made. Always hire based on the value that a freelancer can bring to the table. – Solomon Thimothy, OneIMS

2. Hourly rates

Hourly rates versus rates based on deliverables are key red flags for me. Whether I’m hiring an attorney, a programmer or a contractor, I always make sure they charge me based on the final completed project. I stay clear of professionals who charge by the hour as there is little accountability for their time and I find I often end up getting invoiced to death for incomplete work. – Thomas Minieri, Minieri & Company

3. No pending jobs

You might be hiring a talented freelancer to outsource to an already reviewed their rating and work done. However, if they are as good as they say they are they will always be in demand and already working on multiple projects. Being

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