Leading with purpose is important at a time when many employees are disengaged with their work, but companies often misunderstand the concept, writes Richard Steele. "[L]eaders should use their company's purpose to engage employees in new ways, to make decisions differently and to use real conversation to make work more meaningful," he writes.
The Supreme Court heard arguments recently in a case that hinges on whether online businesses should be forced to collect sales taxes in states in which they lack a physical presence. Brick-and-mortar businesses have said the status quo puts them at a disadvantage, but certain justices expressed concerns about burdening small online retailers.
Seed- and early-stage companies are increasingly resorting to alternatives outside the traditional equity sale structure as they seek to raise funds. Moisan Legal managing partner Matthew Moisan explores two of these methods in the form of convertible notes and the simple agreement for future equity.
Major home care franchises are pursuing opportunities for growth by converting independent businesses into franchise locations. FirstLight Home Care says it has a few conversions in the pipeline, although no deals have been signed. BrightStar Care, meanwhile, recently acquired HomeChoice Senior Care, an independent provider based in Iowa.
The National Labor Relations Board has received comments from business and labor groups about whether to modify or scrap rules designed to speed up union elections. The "quickie election" rules have survived various legal challenges since taking effect in 2015.
The things you do every day can affect how people see you and your business, Andrew Griffiths writes. "So every time you get in your car, buy something from a shop, comment online in social media or post an update of some kind, remember, you are being watched and assessed," he adds.
Retention efforts may get a boost when companies customize benefits for the needs of their employees. For example, Instructure updated its health coverage and increased its parental leave after asking employees what benefits they wanted.
Following experts on social media, asking your accountant questions and learning from peers are great ways to boost financial literacy, experts say. Also, recognize the importance of the cash-flow statement, which is "the lifeblood of any business," says Rob Gabridge of Tarfis Wealth Management.
Implementing chatbots and using personalized customer follow-ups based on past interactions are among the ways small businesses can use artificial intelligence, experts say. "Start small by integrating first-party apps that facilitate workforce productivity and predictive client experiences," advises Adnane Charchour of Exous.
Influencer marketing can be an inexpensive way to build awareness about a brand, says Lindsay Patton-Carson of PiperWai. Entrepreneurs can get started by considering their business needs, doing research and being willing to collaborate with influencers.