How to Calculate Your Breakeven Point
Your company’s breakeven point occurs when your revenue equals your fixed costs. It can help you understand how changes to your prices and costs can affect your small business. 1. Determine your fixed costs...
Author: Workful Team
How to Get an Employer Identification Number
If you plan to hire employees, you’ll need to obtain an Employer Identification Number (EIN). The IRS requires most businesses have one to identify each employer’s tax account. Keep reading to learn how to...
What’s in an Employee Handbook? [Free Download]
Your employee handbook is the most important communication tool between you and your team. It tells workers how they’re expected to behave and what they can expect from the company. It also provides legal...
10 Team Building Ideas
You and your employees spend just as much time, if not more, with each other as you spend with friends and family. You can’t force your employees to be close on a personal level,...
How to Write a Marketing Plan
Your marketing plan is one of the biggest pieces of your business plan. Your marketing plan puts you in the minds of your customers, so you can take action toward delivering your product or...
Onboarding 101 [Free Download]
Onboarding is essential for ensuring your team members start off on the right foot. It gives your new hires the tools they need to be successful. Too often, new staff members are given a...
Social Media Marketing
Social media marketing is simply using social media sites, like Facebook, Instagram, Twitter, Reddit, and YouTube, to bring traffic to your company. There are 1.87 billion active users on social media each month. Your...
How Customer Feedback Can Grow Your Business
Having customer feedback and knowing what customers really think about your products or services are vital to improving your business to satisfy and retain customers. You’re too close to your business, so you may...
What Notices are Employers Required to Display?
As an employer, you’re required to post specific notices in areas where your employees and job applicants can easily view them. Keep reading to learn more about standard posters employers are required to display....
How to Explain a W-4 to Your Employees
When you hire a new employee, they’ll have to fill out a W-4, Employee’s Withholding Allowance Certificate. It’s important for you to understand a W-4 to answer any questions your employees may have. The...