For most small business owners, working long hours is something that is too familiar. After putting in such long hours, one would reasonably expect to yield great monetary benefits; however, this isn’t always the case. Periods of cash shortages happen, as Business Law attorneys we see it all the time. It even happens to us. The true question that presents itself in these tough situations is “what do I do next?”
According to research, there are specific steps you can take make sure that you enjoy a more rewarding post-career life.
Experiences of older Americans show that there are three main ways you may be able to have a more enjoyable retirement.
1. Spend more money on having fun.
- When researchers examined how retirees spend their money, that noticed that they were only spending money in one category such as cars or housing related items to food and insurance.
- Retirement satisfaction will come from activities such as dining out, travel, entertainment and hobbies. Being able to “social spend,” will take us outside of our comfort zone and keep us more engaged with the world. You don’t want to overdo it, but don’t be afraid to target activities that will give you the biggest happiness with out spending a fortune.
Topics: Business Law
When starting your own business, it can be both rewarding and challenging at the same time. However, the road to success is not always an easy one. There are innumerable hurdles that might keep coming your way. A study found that the failure rate of companies, even after five years is 50 percent.
The good news is that you can still learn effective entrepreneurial skills from the mistakes of others. Here are some of the most common mistakes that startups make that you should avoid.
Ride-share giant Uber is currently facing a labor law suit by former freelance workers, claiming they were “employees” and not, as Uber categorized them, “independent contractors."
This is a distinction that often vexes business owners. There are significant tax benefits to employers that hire independent contractors instead of traditional employees. However, claiming your workforce consists of independent contractors when they are, in fact, employees can cause headaches with the IRS.