News & Tips
for Business Professionals
Hiring Mistakes You Could Be Making
Bad hires happen. However, they happen a bit too often. Studies show that nearly three out of four employers admit to hiring the wrong job candidate. Maybe HR was in a rush to fill an important role or you hired someone because you knew the applicant and they seem nice enough. Or, someone didn’t...
Why the CFPB’s Expansion of its UDAAP Authority to Target Discrimination Requires Rulemaking
In a new blog post published on the Consumer Law & Policy Blog, Professor Jeff Sovern advocates very strongly in support of interpreting the “unfairness” prong of UDAAP to encompass discrimination in connection with credit and non-credit consumer financial products and services offered by...
Why We Micromanage (Even if We Don’t Want to)
Micromanagement. We have all experienced it – and if you are a leader, you have mostly likely done it. Yet no one ever says that great leaders are micromanagers. If it isn’t effective and we don’t like it done to us, why do we micromanage? The Pressures to Micromanage Not all the items on this...
Three Steps to Make Your Business Harder to Hack
The U.S. Small Business Administration recently launched a new pilot program to help small businesses improve their cybersecurity infrastructure. As business owners everywhere face increasing cyber risks and challenges that could cripple their operations, the SBA has committed to awarding millions...
Flexibility, Not Fridays: Why the Four-Day Workweek Doesn’t Work
The buzz about the four-day workweek is everywhere, from LinkedIn posts and Twitter threads to possible federal legislation. I’ve seen so much praise for the idea, which makes sense—who doesn’t love a three-day weekend? But something about the conversation wasn’t clicking for me. I’ve seen...
Let’s Call It a Retention Review
We have all heard about the Great Resignation. The notion that many people are leaving their job or not returning to work has been a persistent theme of 2021 and 2022. There are any number of theories as to the cause of this trend: Pay scales were too low. Government benefits were too high...
The Importance of a Fractional CFO for Startups and SMBs
Businesses of all sizes continue to live through one of the most turbulent times in recent memory. Those who can quickly make good decisions based on accurate information and sound projections are more likely to come out on top. This underscores the importance of a fractional CFO in startups and...
Employees Willing to Pay for Better Benefits: WTW
Employees say retirement programs and health care benefits are key factors in their decision to stick with their employer. Economic activity has been unpredictable since the beginning of the pandemic. The stops and starts of mandates, along with high inflation and a tight labor market have upended...
Why Small Businesses Should Leave Email Inboxes Alone and Text Clients Instead
I once almost lost a six-figure contract because I missed an email. Luckily, I said “almost.” For some reason one day, I decided to check my junk folder. I had no reason to, except that apparently some small business angel on my shoulder whispered in my ear, telling me that I should. And there I...
How to Get Cybersecurity Insurance (and Keep Costs as Low as Possible)
Even if you have insurance protection already, there are certain steps you must take now to assure it's there when needed. As Russia looks set to ramp up its cyberattacks on the United States, companies and their founders should be asking themselves: Do we have adequate cybersecurity insurance? Do...
5 Tips to Hold on to High-Performing Employees
Even before the pandemic, employers complained of labor shortages. Now, they’re experiencing an even tougher time finding and retaining high performers. How challenging is the marketplace for businesses looking to fill seats with talented professionals? As of 2020, ManpowerGroup reported that 69%...
Why is Everything an Emergency?
Do you ever wake up thinking your day will turn out one way, and it ends up being completely different? Did you ever ask yourself why? Is it because you become blindsided by events or because other people hijack your day with their priorities? It’s fine if it happens once in a while, but it’s a...