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How to help your employees feel more engaged at work

Going through the hiring process for a new startup is not only time consuming but costly. You've put forth a lot of effort to create a top notch team, and you'd like to retain them into the future. To create employee loyalty, you want to help them feel engaged with your company. In this article, we look at how to help your employees feel more engaged at work. When they're more engaged, they're more productive and more committed to your startup. Model communication One way to create an engaged wo...
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5 ways startups can encourage healthy habits for their staff

  Did you know that nearly 80% of adult Americans don't get the recommended amounts of exercise each week? This is a set up for many different types of problems. What's more, many people spend most of their day sitting in uncomfortable chairs in front of a computer. This can lead to back, wrist, neck, and hand pain. Ultimately, without a workplace wellness plan, your startup may end up with unhealthy and unhappy team members. But you can help. Let's look at five ways startups can encourage ...
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5 ways startups can help employees from all backgrounds feel welcome

As a new startup, you can set your company culture and employee morale right from the outset. You've worked hard to hire the right people for your business. This may mean you have people of all ages, races, genders, religions and political affiliations sharing a space. In addition, you want them to feel comfortable and happy so you can build a cohesive team. To do this, they must all be welcomed. Here are five ways startups can help employees from all backgrounds feel welcome.  #1: Startup ...
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How startups can develop a mentorship program for employees

As a new business, you've spent many hours creating job descriptions, plowing through resumes, interviewing candidates, onboarding them, and training them for their new positions. That's a lot of time and money invested, so you want to retain your new staff for the long haul. One way to help create employee loyalty is to provide them with a mentor. In this article, we look at how startups can develop a mentorship program for employees.  Define your objective Before you begin your mentorship...
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How startups can provide feedback to employees

Startups are uniquely poised to create their own company culture right from the outset. As a new business, you can set the tone for your culture through your own employee morale. There are many things you can do to set the tenor of your business, and one such way is through your feedback process. Let's look at how startups can provide feedback to employees. Why feedback is important From the beginning days of your startup and in your employee onboarding, it's important to let your new team membe...
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How improving your assessments can help your hiring process

As a new startup, some of the biggest decisions you are going to make for your business are who to hire and who not to hire. Why is this so important? First, it may mean the difference between your startup succeeding, and it failing. And, second, it will play a role in determining your company culture. Because your hiring is so essential and impacts your business in so many ways, let's look at how improving your assessments can help your hiring process.  What are assessments? These are pre-...
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10 ways to relieve stress with more laughter

Whether you are a working professional, a graduate student or a busy parent, stress has a way of creeping up on us in different ways. While stress can be a good motivator at times, too much stress can lead to headaches, low energy, insomnia, and much more. One way to mitigate stress is with laughter. Laughter is a natural medicine with a variety of physical and mental health benefits including improved cardiac health, lower blood pressure, and increased endorphins. For more details on the benefi...
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Why startups should offer retirement plans to their employees

Many startups and small businesses think offering their employees a 401(k) plan isn't in the cards. The budget is tight, most startups think they're too small, and they don't think they can afford the administrative care. This is no longer true. It is possible for your startup to provide a retirement savings plan, and it can be affordable. In this article, we look at why startups should offer retirement plans to their employees.  You'll attract top talent You're more likely to recruit and h...
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Importance of estate planning for family businesses

Did you know that a huge number of family-owned businesses do not survive into the second generation (65 percent), and, on top of that, around 20 per cent fail once it reaches the third generation? The reasons for this are many and varied. Some heirs are simply not the business leaders their parents were. Others don't have the same appetite for the sector. Others might have different risk tolerance. In still other cases, family rivalries and legal issues can tear a business apart from withi...
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5 reasons why not providing employee training costs your startup money

With unemployment rates at record lows, many large companies are recommitting chunks of their budgets to employee training. Why? This is to increase retention rates and enable their companies to keep their best and brightest team members. Yet, small businesses and startups may find themselves reluctant to provide employee training. Let's look at five reasons why not providing employee training costs your startup money.  #1: A more competitive workforce If you want to be competitive in your ...
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Intuitive intelligence and entrepreneurship

"It is through science that we prove, but through intuition that we discover."  Henri Poincare  As an entrepreneur, who do you trust? If the answer is not that you trust yourself first and foremost, then you could be missing a key ingredient of successful entrepreneurship, that of your intuition. Yes, it's important to trust others too, but if you can't trust yourself, how can you trust anyone else? Sadly, our society has not valued intuition enough, instead favouring logic and reasoni...
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Data-driven ways fitness can benefit your finances

No matter if you regularly train for marathons or hit the gym a few times a month, you know that working out takes discipline, effort, and the drive to better yourself. Regularly working out and sticking to a fitness plan certainly isn't easy, which makes it that much better when you reach the goals you've laid out for yourself. Just like sticking to a fitness plan, getting your finances in shape requires discipline, drive, and commitment. Funnily enough, getting physically fit has been shown to...
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Why your startup isn’t too small to develop HR policies and processes

If you think your new business is too small for a human resources (HR) department, think again. Many new startups think they're too small for HR to matter, but this couldn't be further from the truth. You might think you can handle issues as they arise, but this leaves you open to conflict and even legal trouble. As a new startup, it's best practice to set get HR onboard in the beginning. In this article, we look at why your startup isn't too small to develop HR policies and processes from the s...
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5 tips to help you determine the value of your startup

When it comes time for startup valuation, you may wonder just how you can work out the value of your startup. The methods are important because you may not have a huge revenue stream which makes valuation a bit harder. In this article, we look at five tips to help you determine the value of your startup. After all, you want to earn this highest valuation from your investors, instead of being undervalued.  #1: Talk to your accountant, lawyer, and investors Yes, you are most often worth what ...
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5 reasons why bad hires are so costly to startups

When it comes to staffing your startup, the price is high. In fact, your hiring decisions are vital to the success and upward trajectory of your startup. In this article, we look at five reasons why bad hires are so costly to startups. From the actual cost, to your time, your reputation, lost opportunities, and the culture impact, you can't afford to mis-hire. #1: The cost The straight up costs with putting your job on job boards, culling through applications, interviewing candidates, calling re...
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