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When Should a Small Business Hire an Executive Team?

Up and Running

As you find your footing and begin to scale, you might feel ready to hire a formal executive team. The right C-suite positions for your business will depend on your unique needs, budget, and long-term goals. With that said, here’s a closer look at when — and how — to hire an executive team. How to hire an executive team.

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What Small Businesses Can Do To Survive And Thrive During The Pandemic

YoungUpstarts

Maybe because they have often been called the backbone of the American economy, small businesses are among those with the heaviest burdens to bear. The sad reality is, some of these small businesses may never open their doors again. The odds were always difficult for small businesses even before the pandemic.

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Small Business Optimism Persists, Despite The Pandemic

YoungUpstarts

Businesses and consumers alike are finding ways to adapt and stay resilient during these unprecedented times. In the inaugural American Express Entrepreneurial Spirit Trendex , the study, which polled 1,000 small and mid-sized businesses, revealed notable insights about the entrepreneurial spirit in the United States.

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Delegation 101: What Small Business Owners Need To Know

YoungUpstarts

The American Institute of Stress estimates that stress costs US Industry roughly $300 billion annually as a result of reduced productivity, missed work, and employee turnover and related training costs, among other factors. Your valuable energy and time must be focused on working on your business rather than in it.

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Employee Motivation Tips That Lead To Growth

YoungUpstarts

However, many small businesses don’t have the benefit of larger department structures. So, the owner of the business and the manager are one in the same. It’s a challenge to wear many hats, but employee motivation and recognition will help your business grow and succeed. Why Employee Motivation Matters.

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How to Set Business Management Standards for Your Small Business

Up and Running

One of them is ignoring to set up proper business standards. Reasons why startups and small businesses fail. Many reasons contribute to why startups and small businesses fail. Management standards are a critical component of running a business. Happy employees equal high-quality work.

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Taking Care Of Business: Advice For Small Business Owners During Slower Months

YoungUpstarts

by Jay DesMarteau, head of small business and government banking distribution for TD Bank. This can be stressful for small business owners, who already have a lot on their minds. If hiring a financial planner or accountant is currently cost prohibitive, start with a banker – they will offer free insight.