Wednesday, January 20

Business

Covid: MPs criticise HMRC over gaps in support schemes
Business

Covid: MPs criticise HMRC over gaps in support schemes

But despite this, a report from the MPs says "quirks in the tax system" have meant that groups of workers - including freelancers and self-employed people who recently moved onto company payrolls or work on a series of short-term employment contracts with gaps in between - have been ineligible for furlough payments. Source link
Factors to Consider Before Franchising Your Business
Business

Factors to Consider Before Franchising Your Business

If you’re looking to expand your business, franchising your business could be a great option. Growing a company by franchising can offer many benefits—but you need to be aware of the drawbacks, too. To determine whether or not you should franchise your business, we asked members of Young Entrepreneur Council the following question: What’s one tip you have for business owners who are considering franchising their business? 1. Carefully screen potential franchisees Remember, the folks you bring on will be the face of your business, so you need to be very careful about whom you select. Do they believe in your business? Can they live and breathe your culture every day? And can they be great leaders? The future of your business could be at stake, which is what needs to be on your mind when ...
Charles Schwab Q4 2020 earnings
Business

Charles Schwab Q4 2020 earnings

A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois.Christopher Dilts | Bloomberg | Getty ImagesRetail investing behemoth Charles Schwab beat Wall Street's profit and revenue expectations for the fourth quarter, the first earnings report following Schwab's $26 billion acquisition of rival TD Ameritrade.Charles Schwab on Tuesday reported adjusted earnings of 74 cents per share, topping estimates of 71 cents per share, according to Refinitiv. Revenue came in at $4.18 billion, higher than the forecast $4.01 billon.Schwab said it now operates nearly 29.6 million brokerage accounts.Shares of Schwab rose were flat after rising slightly after the opening bell on Tuesday.Total client assets for Schwab ballooned to a record $6.69 trillion at the end o...
This Is the Perfect Emotionally Intelligent Interview Question to Ask Every Job Candidate
Business

This Is the Perfect Emotionally Intelligent Interview Question to Ask Every Job Candidate

There's one question I try to ask every professional athlete I interview: "Which drives you more: Loving to win, or hating to lose?"The answer requires a little self-reflection. A little thought. Even, sometimes, a little harmless self-disclosure.For people used to answering the same questions so frequently, often almost robotically, it often sparks a genuine conversation.So yeah: I've always felt kind of smart for asking it.Then I found out that Mike Morini, an ex-professional athlete and the CEO of WorkForce Software, has a much better use for that question: He uses it to break the ice when he interviews job candidates. "Candidates are naturally nervous at the beginning of a job interview," Morini says. "Asking, 'Do you love winning more than you hate losing, or do you hate losing mor...
Brexit: Fishing firms hold London protest over disruption
Business

Brexit: Fishing firms hold London protest over disruption

Pressed on what he would do in response, Mr Johnson said the government would step in to support firms which "through no fault of their own have experienced bureaucratic delays, difficulties getting their goods through, where there is a genuine willing buyer on the other side of the channel". Source link
Small Business Guide to Hiring Employees
Business

Small Business Guide to Hiring Employees

Hiring the right employees is critical to the success of any business, particularly startup companies. Good employees can present new ideas and motivate other employees to work hard. They are dedicated, conscientious, trustworthy, and do not need to be micromanaged. Conversely, hiring the wrong employees can slow down or impede the progress of your business and cause you to lose money through wasted training time, improperly performed tasks, or even internal theft. Furthermore, any incompetence or improper activities by your employees can reflect poorly upon you and your business and potentially result in legal liability. Before hiring anyone, you should familiarize yourself with the laws and regulations imposed regarding interviewing and hiring employees. Protecting employee rights, en...
release of fourth quarter, full-year 2020 GDP
Business

release of fourth quarter, full-year 2020 GDP

Employees working on a dry-type transformer production line at an electrical production factory in Haian, in eastern China's Jiangsu province on Jan. 4, 2021.Stringer | AFP | Getty ImagesBEIJING — China reported GDP rose 2.3% last year as the world struggled to contain the coronavirus pandemic.Gross domestic product grew by 6.5% in the fourth quarter from a year ago, official data from National Bureau of Statistics showed.However, Chinese consumers remained reluctant to spend, as retail sales contracted 3.9% for the year. Retail sales for the fourth quarter rose 4.6% from a year ago.Online sales of consumer goods rose at a relatively rapid pace of 14.8% last year, the statistics bureau said, but the proportion of overall retail sales held fairly steady at around one-fourth.Economists ex...
3 Remote Work Obstacles You’ll Need to Address In 2021
Business

3 Remote Work Obstacles You’ll Need to Address In 2021

Ask different people how they felt at different points of this pandemic, and you'll get a range of answers. For some, remote work has been incredibly productive and offers more flexibility in their daily schedule. For others, it has been lonely and getting work done has felt nearly impossible.There have undoubtedly been some terrific takeaways from the challenges we have all gone through together this year, and certainly learnings we will now carry with us into the future. But to say that working from home turned out to be the utopia we all hoped for would be a bit of a stretch. The truth is, many people miss seeing each other in-person.But work-from-home culture is now established. Which means there are a number of obstacles we will need to overcome in order to make things work for eve...
Joanna Lumley ‘shocked’ at claims disabled workers unpaid
Business

Joanna Lumley ‘shocked’ at claims disabled workers unpaid

Clarity was founded in 1854 by a wealthy blind woman, Elizabeth Gilbert, as the Association for Promoting the General Welfare of the Blind, to provide opportunities for workers whom other employers overlooked because of their disabilities. Before the takeover, three-quarters of its staff were disabled people. Source link
4 Basic Business Tools Entrepreneurs Need to Succeed
Business

4 Basic Business Tools Entrepreneurs Need to Succeed

Now that the new year has arrived, many eager new entrepreneurs are ready to hit the ground running with their startups and hopefully experience a year less challenging than the previous one. When launching a new business, it’s important to consider what business tools and core essentials small businesses need in order to thrive in today’s “new normal.” I help entrepreneurs incorporate and form limited liability companies, so I generally tend to share advice on legal must-haves for small businesses, like business formations, trademarks, and tax IDs. However, I’m not going to do that this time around. Let’s assume you have obtained these items already. What other tools are necessary to help your small business actively grow and succeed in the next normal? Start with these business tools ...