Planning Fallacy: What It Is And Why Small Businesses Should Avoid It

The term planning fallacy might seem complicated, but it’s really not. It simply refers to a situation where someone makes mistakes in their planning. But it can still have complex, far-reaching consequences for small businesses (SMBs), damaging their bottom lines and even leading to bankruptcy and closures in the long term. Never fear — we’veContinueContinue reading “Planning Fallacy: What It Is And Why Small Businesses Should Avoid It”

Swing Shifts Explained — What Are They and When Should You Use Them?

Despite Dolly Parton’s noted objections, working 9 to 5 is still a way to make a living. But, depending on the needs of your company, it’s not necessarily a fit for every scenario (or every employee). If you’re running a business that operates across extended hours, like an all-night diner or in the healthcare sector,ContinueContinue reading “Swing Shifts Explained — What Are They and When Should You Use Them?”

New Jersey Minimum Wage: What Small Businesses Need To Know

If you’re running a small business in the Garden State, you’re likely aware that the minimum wage has been steadily rising each year since 2020.* But did you know that the minimum rates you’ll actually need to pay your people can vary? The final figure depends on a number of factors, like: Your business sizeContinueContinue reading “New Jersey Minimum Wage: What Small Businesses Need To Know”

Texas Minimum Wage: What Small Businesses Need To Know

Did you know that compared to other states, Texas offers a relatively uncomplicated payroll system? There’s no state income tax, no mandatory workers’ comp insurance, and only state unemployment taxes to consider! But that doesn’t give us a free pass to ignore the rules.  The Texas Payday Law, overseen by the Texas Workforce Commission (TWC),ContinueContinue reading “Texas Minimum Wage: What Small Businesses Need To Know”

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