As a business owner, you’ve seen people come and go. Everyone is different, but you’ve noticed that each age group has similarities.
Millennials are entering the workforce now, challenging businesses with new ideas and forcing their managers to adapt to their peculiar lifestyles. Integrating the new generation with the Baby Boomer culture is challenging, but not without advantages.
The biggest benefit of hiring millennials is their self-confidence. It’s no secret that kids these days have been lauded with attention and validation. For many, that grows into a strong sense of drive and a desire to achieve. That’s something you have to foster in older employees, but you just have to point younger ones in the right direction.
So how do you assimilate Millennials into your business without disrupting your flow?
Continue reading “Making it Work with Millennials in the Work Place”
For families who are approaching that point in life when elderly parents are less and less able to care for themselves and increasingly in need of help, the task of deciding what to do and when to do it can produce wildly conflicted emotions—if not outright conflict—on all sides. But it need not. Confronting the need for new living arrangements forthrightly with all parties involved and at an early point in the aging process can help alleviate many of these issues, but the decisions can still be difficult, for the parents and for their adult children. To ease the potential for trauma—and drama—there are some things you can do. Continue reading “Estate Planning, Part 3 – Finding a Caring Environment for Elderly Parents”
The best piece of business advice you’ll ever get is this: “Cash flow is king.
Seasoned business owners understand the power of an abundant cash flow situation. All companies, regardless of profitability, will experience a slowdown in cash at some point.
82% of business failures are due to poor cash flow, so it’s a serious metric you should be monitoring. Companies that can forecast a cash crunch and have procedures in place to survive the storm will be in the 18%.
In our experience, here are the top reasons businesses struggle with cash flow beyond a dip in the economy: Continue reading “The 5 Biggest Mistakes Businesses Make When It Comes to Cash Flow”
One of the hardest tasks the adult children of elderly parents may have to do is to involve themselves in the legal and financial affairs of the parents. Issues of privacy, independence and judgment can quickly bubble to the surface and make a difficult situation worse. But it is important for everyone involved that these issues be clarified, especially if a parents’ memory and/or physical capacity are in decline. The financial and emotional well-being of the parents, the children, and the grand-children are often at stake. Continue reading “Estate Planning Part 2 – Helping Your Parents Get Their Affairs in Order”