If you are putting together a tight staff for your small business, it's important to have the right mix of employees you can count on. Of course, each member of your team needs to be well-suited for their specific job at hand, but it's key to have a potpourri of personalities and skill sets to create a workplace ambiance that jives while saving you time and money. With these 5 types of employees on the roll, you'll be secure in knowing the job will get done and your small business will become a well-oiled machine that will get better and better with every move these people make both individually and as a team.
You may be the boss, but it's important to have another person on the team who is a born leader too. Investing a little more in someone who's well-seasoned and can teach other staff members the ropes is highly valuable for the bottom line. The "showman" will be able to take charge, yet offer advice and direction to the rest of the group with strategies that have worked before. Think of the showman as you're #2 guy or gal, so if you're able to spend a little more salary-wise to get this person on board, the payoff will be worth it. Entrepreneur backs this up, "Having an employee that wants to share their knowledge with others can take a load off small-business owners' minds. It can eliminate the extra cost of hiring outside trainers and offers a layer of institutional knowledge that only people on the inside of a company possess." According to Salary.com, "Leaders are excellent for successfully taking charge of projects or teams. Talent is one thing, but you need someone who can harness that talent and manage it to achieve the best results." Let the showman show you what they've got, and he or she will help the team rise to the top.
Whether an intern or newbie to your general field or the workforce as a whole, it's always a plus to have someone on your team who's eager to learn and prove they've got the chops to get ahead. The "sponge" is always ready to listen and apply what they've absorbed to good use for the company. As long as there is passion and drive, the sponge is one of the best types of employees to have on the force, especially if they grow with the company. When you have invested in a person who's craving knowledge and not trying to outdo the others just for the sake of it, you've got a diamond in the rough on board. This person may help you out financially if they've started at the bottom, but if they help make the company stronger, it will pay out for you both in the end. As Entrepreneur notes, "They want to continue learning, whether it's on the job, through extra training courses or even graduate school. This type of attitude is something that can rub off on other employees and perhaps inspire them to further their education in some way." When the whole team's inspired to be the best version of themselves, you're bound to achieve.
The Wearer of Many Hats
While having dedicated employees who are experts in their area of specialty is crucial, there's always room for that special someone who's great at lots of things and is willing to pitch in when and where it's needed. Versatility is a hot commodity for a small business thanks to the problem-solving capacities and usefulness the "wearer of many hats" beholds. Bosses can save time and money by putting their minds toward the sweeping business needs and let this person handle the minutia of day-to-day necessities. Entrepreneur confirms, "People who can dabble in several different areas of the company – pinch-hitters – can be immensely valuable. Small-business owners can become overwhelmed at the sheer amount of work to do at various points throughout the year, with limited staff to tap into to get it all done. So, with others to juggle some of the duties, owners can focus on growth and strategy."
When a bunch of people are working for a small company, things can get rough. There is often so much to do, and at times with limited resources. Morale can dip without that perky person keeping things cheerful and in perspective. Sometimes the company owner is swamped and cannot give that 'pat on the back' to everyone for every milestone reached. While the "cheerleader" may not make or save money directly, by keeping the team energized, production will stay on track and positivity will prevail, making employees happier with their atmosphere and willing to go the extra mile. And this will make you money in the end.
The Creative One
In our overly technological world, "techies" are highly sought after for all types of small businesses, and for good reason. Every company wants to stay ahead of the curve on what's new and trendy for plugged-in consumers. That said, don't leave out the creative types. These out-of-the-box thinkers can help make your company stand out from the rest with innovative ideas and interesting outlooks on projects and plans. As Salary.com says, "Companies need creative individuals to assist them in navigating the ever-evolving world of technology. Companies can't afford to rest on their laurels these days, and the innovators are the ones who propel everyone else forward." So be sure to blend your team with those who use different sides of their brain for smart ideas for your company. It only takes one brilliant idea to make your small business explode!
Make sure your small business staff includes these 5 prominent types and you'll be covered when it comes to your demanding needs as you navigate through new steps in the business world.
The National Financial Educators Council (NFEC) surveyed young adults in 2017 and asked them what high school level course would benefit their lives the most.
The majority responded that money management was the course that would be most beneficial.
With personal debt is at its highest record and COVID-19 threatening to have the hardest economic effects on youth, understanding money and finances is an important life lesson that should be taught to children at a young age.
The following is a list of the best financial literacy lessons and tips to teach children throughout different life stages.
I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.
There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).
After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.
It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.
That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.
I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.
Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.
Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).
More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.
The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.
I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.
My buddies and I always try to make it out to a game, but we never really care which one we end up at. Obviously we have our favorite sports and teams, but it was rarely about what game we went to or who we saw playing. It was about watching the game live.
In the early months of lockdown, all we had was Korean baseball, and trust me, we loved it. The only issue was, none of us had any idea what the commentators were saying. Even then, a few of my friends weren't huge fans of baseball. They were into sports like football and basketball, ones that moved at a quicker pace with less down-time in between plays.
We decided to see if there were any other events going down and came across horse racing. Yes, horse racing. It was perfect--short, fast-paced, and most importantly, an opportunity for betting.
I had never really considered watching a horse race any time other than the Belmont Stakes, but the prospects of the sport seemed exhilarating. Even better, with horse racing we knew we could still recreate the atmosphere of a race track. Salty snacks? Check. Stale beer? Check. A simple and easy way to bet? Check.
One quick Google search later, we came across TVG, powered by FanDuel. It's an online betting platform that takes you right to the heart of the action. We were a little apprehensive about using a mobile app to place our bets, but TVG's ability to bet on live horse races from all over the world was too good to pass up.
Here are 5 reasons why we are obsessed with horse racing thanks to TVG:
1. Betting has never been easier
Use your phone or computer to watch and bet on live horse races in real-time. TVG offers a bunch of features to make betting even simpler--live odds and handicapping tips leverage recent learnings to help you make your best bet. Not to mention, TVG's exclusive race content and wagering guide offers an under-the-hood look into the strategy behind horse race betting.
2. The biggest selection of horse races out there
If you're looking to drop a little dough on a horse race, chances are your best option is your local race track. But watching the same few horses races over and over again isn't the most exciting thing. With TVG you have access to over 150 tracks worldwide with races happening consistently throughout the day.
3. Get a generous sign-up offer when you place your first bet
Once you register your account, you will be eligible for a $200 risk-free bet. All you have to do is place your first bet and you're covered. If you happen to lose, TVG will insure you for up to $200 as a sort of wagering credit. I may have been a little trigger happy when placing my first bet, so having this insurance was a great perk. There are also a bunch of promotional offers available year-round.
4. Making deposits and cashing out at the touch of button
With a ton of payment options such as PayPal, BetCash, debit/credit, wire transfers, and other third-party services, making a deposit is a breeze. But what about the payout? Depending on your deposit method, your withdrawal will be available in a few days. No more waiting in-line to collect your winnings!
5. Watching live races with your friends while betting is exhilarating
Even when we were watching Korean baseball, Zoom calls with my friends were a little dull.
With TVG, we haven't had this sort of fun in months! Every weekend we'll turn on a race and throw our bets in. After a few races, and quite a few drinks, we'll tally up our winnings to see who won the most! Sometimes it's not even about making money, but just having a good time.
TVG is the perfect way to add a little excitement to an otherwise mundane afternoon. It introduced me to the world of horse racing, a sport I never would have considered otherwise.
The races just keep ramping up and thanks to TVG, I can always get in on the fun.