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Small Business Week 2023: Ways You Can Make an Impact

Zenefits

In 1953 the federal government created the Small Business Administration (SBA) to help business owners grow and prosper in our “Land of Opportunity.” Kennedy proclaimed the first National Small Business Week to honor top entrepreneurs in every state with special recognition and rewards.

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7 Hiring Strategies for Small Businesses that Don’t Suck

Zenefits

Small business owners face unique challenges. However, without a steady and capable team working behind them, small businesses struggle to compete. That’s why small businesses must get creative with their hiring strategies. Small businesses make up the backbone of the job market. businesses.

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How A Celebrated Aerospace Contractor Keeps Holding On To Its People

Chief Executive

And in that fact, the Democratic senator from Connecticut beheld one of the biggest keys to the success of the company in Plainville that was just named 2023 Small Business Administration Manufacturer of the Year. Not familiar to him—familiar to one another.

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HR Headaches: Budget for Higher Salary Increases for 2023

Zenefits

For small to medium-sized businesses, payroll often represents their single largest budget line. Wages, bonuses, taxes, benefits, and perks are generally 20 to 30% of a small business’ gross revenue. The additional cost of wages may tip the already precarious balance many small businesses are currently experiencing.

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9 Types of Business Loans and Their Pros and Cons

Zenefits

business loan?to working capital so you can meet your daily business obligations. business loan?options business owners. business lines?of of credit and at the types of business loans available today. Looking for a business loan. Businesses with low credit ratings may pay high interest rates.

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Skip the Startup: Why More Entrepreneurs are Choosing Acquisition

UVA Darden

A growing number of MBA graduates are doing just that by pursuing Entrepreneurship Through Acquisition (ETA), a strategy that lets them fast-track their way to the top by buying and running small businesses. You have to have that entrepreneurial spirit to really want to lead a small business,” says Alexander.

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Benefits Administration Outsourcing: Might It Be Right for You?

Zenefits

Employee benefits are a major cost for employers, recently accounting for 29.5% If a company doesn’t correctly navigate the maze of regulations surrounding benefits administration , it could face steep penalties and fines. What is benefits administration outsourcing? When is it time to outsource benefits administration?