Doug and Polly White
Doug and Polly White own
Whitestone Partners Inc., a management-consulting firm that specializes in helping small businesses grow profitably. They are also co-authors of Let Go to GROW, a bestselling book on why some businesses thrive and others fail to reach their potential.
There are two criteria you must consider before seeking a highly skilled worker.
With your revenue and costs of goods/services, you can adjust prices or fill holes.
The first three levels of size are largely determined not by revenue or employees, but by you.
These outside advisers can create tremendous value for your business, but it's important the person your contract checks off these items.
Sometimes, increasing sales can backfire, and the math will eat a company alive.
There's a big opportunity in expanding your business to more than one location. But it can be a disaster if you haven't prepared right.
Of course, you have your own personal expenses to deal with, but there is actually a sound business reason to give yourself a wage.
If you're hired the right person, following these tips will help make sure your new hire performs to your expectations.
Starting a Business
Before you start up, consider all the other functions of running a business, such as dealing with customers and keeping the books.
Leverage the benefits that a young company might have the flexibility to offer and woo the best employees.
With the announcement of Larry Ellison's stepping down, here are three tips for companies considering having co-ceos.
To get ahead of the competition, find the customers that will be most interested in your product or service.
If you're reviewing a resume with multiple, short-term job stints, you may inclined to pass. But not so fast.
Your business has grown, but an employee's skill set hasn't grown with it. Should you shift them, or get rid of them altogether?
Both methods have advantages and drawbacks, and could determine how you file your taxes.
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© 2014 Entrepreneur Media, Inc.