As your company grows, it becomes increasingly difficult to handle all of the employment costs involved. Here are just a few facts about small business owners that might turn your hair grey:
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- Almost 50% work more than 40 hours a week
- Around 40% take less than 1 week of vacation per year
- Nearly 20% say that regulations on small business are their greatest source of stress
These concerns grow with your business. Managing all of these challenges well is incredibly difficult and leaves next to no time for thinking about cost management. Although many factors place cost burden on a small business, this download addresses cost management in these areas:
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- HR Administrative Costs
- Insurance Costs
- Unemployment Costs
- Vendor Consolidation
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In each, we’ll take a look at some of the most critical cost issues affecting small businesses and offer solutions for eliminating headaches and reducing risk related to each issue. Overall, we want to help you shine a light on hidden or unknown costs, and help you find ways to manage them as a small business owner.
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