How to Show Positive Leadership Qualities in the Workplace

How to Show Positive Leadership Qualities in the Workplace

When you are at work, it’s always a goal to make a good reputation for yourself. Your ability to move upwards in your work depends on your ability to show strong leadership qualities and help your team to be more effective. It can be a challenge to figure out how to best display your positive leadership qualities, but if you are consistent and able to adapt, you can make a huge impression on the others around you.

Lead by Example

Some people get caught up in leadership and think they always need to be telling other people what to do. However, one of the most effective things you can do as a leader is to lead by example. When you show your team that you are invested in the work and willing to put in the hours, they will be more willing to do the same. Strive to have a positive attitude and to be proactive so that your team will want to have the same qualities themselves.

Take an Interest in Employee Success

A good leader is working to help everyone be better, not just focusing on their own success. That means that if you want to be a good leader, you need to be invested in the success of the employees around you. Work together with them to make sure that everyone has a good chance of continuing to improve and grow in the workplace. To help your employees be successful, you have to get to know them. A Gemba walkthrough can help open up communication between you and employees.

Show Integrity to Your Team

A big part of leadership is being trusted by the people you work with. But if you aren’t showing integrity in all the work you do, it can be hard to start establishing the trust you need with your employees. Make it a point to be as honest as possible and show your integrity at every turn. Your employees are paying attention and they will notice if you aren’t showing the right integrity.

Showing leadership at work is a great way to keep moving up the chain of command. Make sure to continue proving yourself as a good leader even as you move forward and upward. Making that effort will help you to be more successful and move your team in a positive direction.

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Stressful But Necessary Tasks Every Entrepreneur Needs to Do

Stressful But Necessary Tasks Every Entrepreneur Needs to Do

Entrepreneurship is one of the most surefire ways to take control of your career and unlock unlimited earning potential, time, and location freedom, and finally lead the life that you dream of. But entrepreneurship is also an incredibly difficult endeavor that requires tons of determination, discipline, and a willingness to do tedious and difficult work that others are not. Being an entrepreneur can be an exhilarating and exciting pursuit, but it also requires work that can be draining and stressful. Here are three stressful but necessary tasks that every entrepreneur needs to do and how you can achieve them.

Comply With Laws and Regulations

The first stressful but necessary task that every entrepreneur needs to do is comply with laws and regulations. Dealing with the government is stressful and difficult because nothing the government ever does, or writes is easy to understand or straightforward. If you have ever tried to read the regulations governing business operations, then you understand just how frustrating it can be to try and decipher them. But legal compliance is essential for all entrepreneurs because otherwise, you are running the risk of lawsuits, or even jail time. Do the work you need to follow the laws.

Hire and Replace Employees

Another of the many stressful but necessary tasks that every entrepreneur needs to do is hire and replace employees. Hiring is always difficult, especially in the current labor market where qualified workers are in short supply. Spending time hiring can feel like a huge time commitment that keeps you from getting other essential work done. Outsourcing your recruiting can save time and money in your search for employees. Just because the hiring task needs to get done doesn’t mean you can’t have others’ help. Hiring and replacing workers is an essential task.

Taxes

The final stressful but necessary task that every entrepreneur needs to do is prepare and file taxes. Taxes are never fun or easy, even for employees with simple W-2 income and basic deductions. But for entrepreneurs with multiple streams of income and businesses, taxes become a maze that is difficult to stay on top of. You can hire a tax professional to help you and file for you, or you can utilize helpful tax software for entrepreneurs to help you.

There are seemingly countless tasks that entrepreneurs need to stay on top of. But some tasks are more necessary than others. Make sure that you tackle these three necessary but stressful tasks to keep your entrepreneurial endeavors afloat.

Check out this article to learn about the legal rights every employee has at your business!

Perks You Can Use to Entice New Hires

Perks You Can Use to Entice New Hires

While the workplace and competitiveness can vary greatly from industry to industry and even over time, it is always a good idea to work to entice the best possible new hires. The key to managing this is to provide excellent perks and benefits that make your business very appealing to new talent. There are many perks you can think about adding to your business, and below you will find a few of the most effective.

Time Off and Leave Benefits

Most people are going to need time off occasionally for illness or because they need a break from work. And while most full-time jobs provide some level of time off, in many cases it isn’t enough. You should strive to have a competitive leave policy that gives your employees room to take breaks, and rest and relax. You also need to make sure that you support employees when they do take leave or use PTO so they know their job is safe when they take the time they need.

Work From Home

Providing flexibility and the ability to work from home can also be very appealing to modern workers. There are many jobs that really don’t require anyone to come into the office, and if your employees can do their job effectively from home, it is important to offer that opportunity. Employees who work from home need to take extra care to secure important data. If you have policies in place to support cybersecurity, it will help your employees to safely work from home.

Performance Based Benefits

Your employees are the backbone of your business and they deserve to be valued and compensated for their good work. Providing regular performance-based bonuses to your employees helps them to feel valued in the work they are doing. This makes them more productive and more loyal to your company. Work bonuses into your pay structure so you can reward all your employees when they do great work for your business. Set clear expectations so employees know what they need to do to receive those bonuses as well.

Your business needs great employees to be able to flourish in your industry. The perks you provide can set you apart from competitors and make your business an appealing place to work. All you have to do is make sure that you are offering your employees opportunities to be supported and valued when they do their best work.

Click here to learn how to make 2022 an awesome year!

Laws You Need to Follow When Hiring Employees

Laws You Need to Follow When Hiring Employees

As your business grows, you will need to hire employees. When it comes to hiring, you want to find the best talent, encourage longevity, and stay within legal parameters to avoid any trouble down the road. It is important for you to understand the law when it comes to hiring. Here are three areas to be aware of.

Laws Against Discrimination

Discrimination of any kind is strictly prohibited within each stage of the hiring process. This includes your job advertisements, recruitment, the application, referrals, interviews, and selection. The United States Equal Employment Opportunity Commission (EEOC) defines discrimination as treating someone differently or less favorably because of their race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), national origin, age, disability, or genetic information. It is also illegal to retaliate against a person for submitting a discrimination complaint against you.

Payroll Regulations

The EEOC also has payroll regulations. You are obligated to act in compliance with all federal, state, and local regulations for how employees are paid. These include minimum wage rates, overtime rates, payroll taxes, and the equal pay act. The equal pay act exists to prevent wage discrimination based on sex. It states that people of both genders must be paid equal salaries for equal work. There will also likely be regulations regarding pay frequency. There may be federal or state laws outlining common pay schedules.

Employee and Contractor Designation

It is important to understand the differences between an independent contractor and an employee. This distinction matters because of differing tax laws for each. Employers are required to withhold various taxes for each employee. Independent contractors, on the other hand, are required to pay self-employment taxes. You can distinguish between the two by looking at the behavioral control, the financial control, and the relationship between the parties. With an employee, there is much more behavioral control involved, such as how, when, and where to work. Employees receive more training and are evaluated based on how the work is done, rather than just the end result. With an independent contractor, there is less financial control. They work on their own equipment, their expenses are not reimbursed, and they are generally paid by the job. Finally, your relationship with an employee is generally considered indefinite, and they will perform key functions for the business. You can get into trouble with the IRS if you hire someone as a contractor when they would be legally designated as an employee.

Be certain that you understand and comply with all the regulations surrounding the hiring process. You don’t want to find yourself in legal trouble down the road.

Check out this article for 3 strategies for increasing your sales this year!

How to Reduce Employee Turnover at Your Business

How to Reduce Employee Turnover at Your Business

No matter what industry an employee is working in, they want to feel valued, satisfied, and fulfilled. Sometimes, certain business environments or experiences can make it difficult for employees to stay long-term without sacrificing their mental health and stability. If you’ve been struggling to hold on to your employees, here are a few things that you can do to reduce your employee turnover.

Create a Healthy Culture

First off, it is so important that you create a healthy culture at your business. You need to make sure that each of your employees feels valued, like their voice and opinions are heard. If your employees feel criticized, threatened, judged, or belittled, they won’t want to continue working for you. Make sure that you are sufficiently training your employees and praising and encouraging them in their different responsibilities. The communication patterns and methods that you use in your business are also very important. If you need to correct an employee, make sure that you use constructive criticism, and that you praise their strengths. Always be conscious of the tone of voice that you’re using and be careful to not use any vocabulary that could feel unhealthy or attacking. Work on building a coaching culture.

Offer Good Benefits

Next, you need to make sure you’re offering good incentives and benefits for your employees. This will help to convince them that they want to stay at your business because the benefits will make it worth it for them. These benefits could be anything from paid time off to employee vacations to raises to a company retirement plan. These different benefits can really persuade your employees to stay at your company. For example, a safe harbor 401(k) plan can avoid non-discrimination testing. This can make all of your employees feel seen and cared for.

Be Flexible

Finally, make sure that you are sufficiently flexible with your employees. Of course, you have a business that needs to be run and shifts that need to be covered, but you need to remember that your employees are human beings with personal needs. If you want them to stick around, you need to be flexible with them. When your employees have a personal emergency, family commitment, sick day, maternity leave, or any other kind of unexpected responsibility, make sure that you let them take care of those needs. If you don’t, they’ll end up feeling frustrated and burnt out, and won’t stay with your business.

So, whether you’re just starting up a small business or you’ve been running one for years, remember that everything you do determines which employees will continue to work for you. Make sure that you create a healthy culture, offer good benefits, and are flexible with your employees. This will create an environment that your employees will prosper in and want to be loyal to.

Check out this article on how to make 2022 awesome!

How to Reduce Taxes for Your Small Business

How to Reduce Taxes for Your Small Business

Running a small business takes a lot of effort. You work hard for your money, and it can be frustrating to see how much of that income goes toward taxes. Learning how to reduce taxes for your small business can help you retain some of that money to invest in more advanced equipment, put more money towards better advertisement, or pay your employees more.  

Do Business in a Low-Tax State

One of the greatest things about doing business in America is that you can choose which states to do business in. Each state has unique tax percentages for things like mortgages, sales, and businesses. States with the lowest taxes for businesses include Wyoming, Alaska, and Florida. If you don’t think you could do a lot of business in these or other states with low business taxes, consider moving your headquarters to one of those states but still doing out-of-state sales to reach your target audience(s). Online sales have steadily increased over the past years, so you will not have a problem doing business online.  

Understand Different Business Entities

As an entrepreneur, you have many freedoms. One of these includes the freedom to choose how to classify your business. Research the different classifications your business could fall under and what the different benefits of each are. For example, with an LLC, you get to choose how you are taxed. If you classify your business as an LLC, you can have much greater control in reducing your taxes.  

Account for Home or Small Office Deductions

Most small businesses are run from home or a small office space. You can make tax deductions for office space needs such as electric bills, internet services, printer services, or better functioning computers or other technology if you need those things in order to run your business. A lot goes into creating and maintaining a successful small business, so it is important to keep track of these expenses with receipts and bills in order to make these deductions on your taxes.

Getting charged high taxes for your small business can be very overwhelming. However, with a little research and knowledge about small business taxes, you can greatly reduce your taxes without making major changes to your business. Learning about small businesses taxes will not only help you become more knowledgeable about the laws pertaining to your business, but help you allocate your financial resources elsewhere to keep growing your business.

Check out this article on how to have an awesome 2022!

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