News & Tips
This 35-Year-Old Turned Her eBay Side Hustle Into a $141 Million Company: ‘Here’s the Business Plan I Used’
In 2014, I walked away from my $35,000-per-year job in insurance sales to grow my e-commerce side hustle with my husband Chris. We had been experimenting with selling clothes and accessories on online marketplaces, including eBay and Facebook. Our online community of friends and customers quickly...
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...