Beyond Salary: How to Build a Winning Executive Compensation Strategy
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Beyond Salary: How to Build a Winning Executive Compensation Strategy

Executive compensation can be a hard topic to tackle, especially for startups and other growing companies that need to attract experienced talent on a smaller budget. What you may not know is that base salary is the smallest component of executive compensation, generally outweighed by incentive pay. That is good news for growing companies with…

Step-by-step guide to building your own crystal ball (or Budget)
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Step-by-step guide to building your own crystal ball (or Budget)

We’ve been talking this week about the value of building a budget for your business — today we will do it. If you didn’t download my magic budget spreadsheet, you should do it now.  My budget spreadsheet builds your profit and loss statement for the next year by predicting the sales and expenses for each…

How do you know that YOU are doing a good job?
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How do you know that YOU are doing a good job?

As a business owner, we all have more than one job (many of us carry 4 or 5); but two of those jobs are the same for every business owner. The first is being a great leader in your business. Whether you are the CEO/President, or a partner who shares the leadership, one of your…

How do I know it’s time to hire?
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How do I know it’s time to hire?

One of the most agonizing decisions that a business owner has to make is deciding when to hire a new employee. It’s a huge risk! You’re bringing on additional salary, you have the cost and distraction of the search, there’s training the new person… And what if they don’t work out? It’s a difficult process…