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It seems like every few months one major business magazine or another publishes a list of what characteristics a person must have to become an entrepreneur. Some attributes I agree with, some I don’t, so I decided to make my own list! These five characteristics have helped me immensely in my own entrepreneurial quest: The...
Lessons from Cuba #5: Find the Problem, Offer the Solution   One tried and true way to stay in business is to offer a solution to a problem. It may be a problem your consumer is aware of, or one they don’t even know they have. In Cuba, I saw so many innovative ideas used...
Lessons from Cuba #4: Relationships Matter If you’ve ever been to Cuba, you know and understand (at least I hope) that community and family are very important pieces of Cuban culture.  People work together to help each other survive. In business, whether you have a business partner or external support, you are working in a...
Lessons from Cuba #1: Values are More Important Than Money I just touched down after my second visit to the beautiful country of Cuba. I first went to Cuba 10 years ago through a study abroad program and quickly fell in love. After 10 years I can say without a doubt that no love has been...
Hiring your first employee is a big milestone, but also comes with a lot of responsibilities. For starters, as an employer you are responsible for payroll taxes, carrying workers’ compensation insurance, and providing paid sick leave in California. Follow these 5 steps to get the process started right. 1. Create a Clear Job Description A...
Have you been running your business as a sole proprietor? Is it time to form an LLC or a Corporation? If you meet any of these benchmarks, you should definitely consider making a switch. You’re running a business! In my humble opinion, anybody starting a business should start from the beginning with a Limited Liability...
Hiring new employees in any business can be a challenge, but hiring employees for the very first time can be especially challenging. Finding the right fit culturally and professionally requires some forethought by the employer to determine what personality and skills will actually be a good fit and benefit the organization. Take the following suggestions...
As employers we are often excited for the summer months when students are looking for internships to fulfill some academic requirement. We’re thinking, “Great! Free labor!” But, is it really? Your interns must meet the definition of a “trainee” otherwise they will be deemed an employee and entitled to minimum wage for all work performed....
Contracts are the lifeblood of business from lease agreements and product purchases to service agreements. Contracts govern nearly all business-to-business transactions and a bad contract can cost you money and put your business at risk; conversely a well-drafted contract can be your saving grace in the event of a dispute. In order to protect your...
In my personal experience, most of America has a general dislike for attorneys even though most people agree that lawyers provide valuable information and are a great asset to your team. I think most people are Starting a business and running a business is no easy task. In addition to actually executing your craft, you...