How Positive is Your Workplace Culture?

The Society for Human Resource Management (SHRM) published a study in 2019 revealing that toxic workplace cultures cost businesses $223B in five years. Since that time, employers and their workforce have been navigating a pandemic, learning how to work remotely and often, leaving their jobs. Quite simply, employees have higher expectations than they did before. A 2021 SHRM study reveals that positive workplace culture was what mattered most to those employees who stayed with their employers thro

When Is The Best Time to Send A Client Invoice?

If you’re concerned about receiving timely payments, you might be interested to know that your clients have preferences about receiving your invoices. When you can meet their preferences to increase your cash flow, isn't it worth it? When is the best time to send your client an invoice? According to recent research by Square, there are “hot” and “cold” times that are better or worse for sending invoices to clients. If you’re sending invoices at the end of the month or the beginning of the mont

Growing Your Business During a Pandemic

While it's true that no one could have predicted the pandemic, entrepreneurs started 4 million new businesses in 2020. E-commerce and other online services saw a boom as brick-and-mortar businesses shut down. Then, just as it seems like the world would reopen, the Delta variant has business owners trying to decide what to do next. If you're wondering how to grow your business during this pandemic, keep going with these tips. Many new business owners started new ventures because they needed inc

Team USA: Why the United States is the Best Place to Start a Business

As if we needed another reason to cheer for Team USA, CEOWORLD Magazine's Entrepreneurship Index for 2021 ranks the United States as the world's most entrepreneurial country. With Forbes magazine noting that nearly all the American billionaires are self-made and a 13-year high in the number of Americans starting their own businesses, the pandemic seems to have inspired new entrepreneurs. Here are some reasons why the United States is the best place to start a new business. The Global Entrepren

Go For Gold 🎖️ with These HR Hiring Tips

It's Olympics time and we have some winning tips for HR professionals and hiring managers. Going for the gold doesn't mean beating yourself down to cross the finish line. It means keeping a steady, efficient pace, making the right decisions, and saving some gold 💰 along the way. Use these top hiring tips so your HR team finishes best! Finding the right candidate for the job starts with identifying what the job will be. Start by talking with those who will be working directly with the new emplo

Tips for Staying Cool 😎 Even When They Owe You Money 😡

One of the top stressors of Americans is their financial well-being. Take into account owning your own consulting business, starting a software company or freelance career, and that stress is exponential. It's one thing to lack personal financial literacy but when your business and livelihood are also at stake, the anxiety can leave you paralyzed. Now imagine that you have to contact a customer that's behind on payments. 😲 Before you pick up the phone or send that email, take a moment to revie

Take 🏳️‍🌈PRIDE In Your Workplace LGBTQ+ Representation

LGBTQ+ employees rate lower satisfaction at work compared to their non-LGBTQ+ colleagues, according to an analysis of reviews on Glassdoor. The Trevor Project reports that one in three LGBTQ+ young adults faces workplace discrimination. And according to Investopedia, trans adults are less likely to hold management roles and are six times less likely to receive a job offer. Most of these challenges start with representation in leadership, opportunities, and benefits. In tribute to Pride month, w

The Benefits of Creating Strong Client Relationships

As a B2B business that supports other B2B businesses, we understand the value of strong client relationships. Much like other relationships, the value can increase over time, offering financial benefits through referrals and upselling. If handled correctly, these relationships can also be mutually beneficial to both parties. Here's how to create strong client relationships and reap long-term benefits. How to Set up for Relationship Success We've often written that business relationships are s

How to Reduce Anti-Asian Bullying in the Workplace

Hate incidents against Asian-Americans and Pacific Islanders (AAPI) have risen since the onset of the COVID-19 pandemic. According to a February press release from Stop AAPI Hate, there have been over 2,808 firsthand accounts of anti-Asian racism and discrimination incidents around the United States since March 19, 2020. Some of these assaults were verbal or physical harassment. Others were workplace discrimination and refusal of service at businesses. Whether your employees are being bullied o

How Long Can a Collection Agency Attempt to Collect Business Debts?

If your business has sent bad debt accounts off to a collections agency, you likely have questions about recovering that debt. Typically, commercial collections agencies only charge a fee if they're able to collect. The agency should also be transparent about the collections process and the documentation along the way. But you may also be wondering how long they'll work on your behalf before you take the case to court. How Long Can a Collection Agency Attempt to Collect Business Debts? When is

Can Employers Fire Someone For their Social Media?

Yesterday it was reported that Gina Carano was fired from her role in Lucasfilm's The Mandalorian. According to a spokesperson for the company, Carano's social media posts were in question and lead to her termination from the show. Over the past few years, there have been social media posts or tweets that have lead to consequences from employers. Do employers have the right to do this? Can employers fire someone for their social media? Fired for Having an Unpopular Opinion? Some disgruntled f

How 2020 and the Pandemic Affected Background Checks

Since 2012, the VeriFirst Background Screening blog has measured the pulse of the background check community. Our posts have reflected changes in employment laws, employer concerns and helped to guide the best screening practices for human resources professionals. One of the ways we're able to determine our topics is to look back at the most popular posts of the year. 2020 was challenging in so many ways and the pandemic fueled much of what was read. Our top 10 blog posts of 2020 reveal that th

End of Year Accounts Receivable Best Practices

As if the month of December isn't blurry enough, your accounting department is working on year-end activities. Whether your business is a single-person shop or an enterprise corporation, the end of the year may also be the end of your fiscal year. Common activities during this time will provide insights into your business' financial situation including: It's time to take a closer look at some of these numbers to figure out exactly how well you're following up on those accounts receivable invoic

Time is Money: Quick Debt Collection Tips for Small Business and Startups

Small businesses and startups must think on their feet, and that includes getting their accounts receivables paid quickly. Business relationships are an integral part of the success and growth of these companies. Protecting these relationships should be a part of the collections process as well. When time is money, here are quick debt collection tips for small businesses and startup companies. Running a growing business may mean that you're wearing many hats. If you're not the dedicated accoun

Background Screening and the Legalization of Marijuana

*Note: This post has been updated from its original post date of November 10, 2016. As of the November 2020 election, 15 states and Washington D.C. have passed broad legislation for the legalization of marijuana for recreational use and 34 states for medical use. States that now allow adult citizens to smoke weed include Alaska, Arizona, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Montana, Nevada, New Jersey, Oregon, South Dakota, Vermont and Washington. Washington D.C. and

Does Your B2B Debt Collections Company Offer Brand Protection?

In the age of social media and rapid-fire news stories, it's important for businesses to consider their brand reputation. If your accounting team outsources its bad debt or unpaid receivables to a collections agency, it's also important to protect your brand. Quite simply, a negative experience with a collections company could sour business relationships and your branding. At Enterprise Recovery, our priority is not only to build trust with our clients, but to also build trust with our clients'

Why An Employee Would Quit Your Company during COVID-19

It's no secret that company culture is important for retaining good employees. The COVID-19 pandemic has also put a large amount of stress on working parents, causing many to leave their jobs to take care of their kids who are schooling from home. According to new research from the Census Bureau, one fifth of working adults, mostly mothers, have chosen unemployment because the virus affected their available childcare choices. If you're wondering why an employee would quit your company, read on

10 Steps to a Successful Pivot of Business Strategy

The pandemic has highlighted businesses that chose to switch up their business strategy in order to remain profitable. Retailers have found new ways to sell to consumers, such as The Gap's highly successful pivot to selling masks, and many manufacturers are turning to a DTC (direct to consumer) model. Any crisis is a true test of agility for entrepreneurs and large enterprises alike, and the COVID crisis is definitely testing most companies around the globe. Here are 10 Steps to a Successful Pi

COVID-19 Testing As Part of Employment Background Checks

If you're looking for COVID-19 testing for your employees or prospective job candidates, VeriFirst can help. Our employee background screening services already include pre and post employment screening plus urinalysis drug screening. We have leveraged our current relationships with laboratories to offer virus testing to help keep your staff safe and healthy. Results will be delivered securely and in compliance with federal regulations. Read to learn more about COVID-19 testing as part of an em

Time Management Techniques for Entrepreneurs and Remote Workers

We're all months into this pandemic and doing our best to work outside the office. Whether you're working on your own business at home or working for someone else, time management can be a challenge amidst distractions like children and chores. The "new normal" is to accomplish everything that you did before even... After some research, I've found a few time management techniques that actually work. Here are Time Management Techniques for Entrepreneurs and Remote Workers. That phrase sounds s
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