Success Isn’t About Making One Big Decision, It’s About Making a Million Small Decisions

Finding success in entrepreneurship is a constant balancing act of decision-making, risk management and leadership. October 25, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. I was lucky. I saw it coming. Early in my career I started a bank in San Juan, Puerto Rico. I was in a good place professionally and I liked everything about my role—the business climate was great, the community was supportive, and the weather was exceptional. There was just one problem: my wife didn’t want to spend our entire lives in the Caribbean. So we did what any good partners do and made a deal. We would only stay for five years, and then when our time was up we would move back to Denver and I would hand off my CEO role in the company I had started. It wasn’t how I expected that part of my career to […]

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When Facing Challenges, Your Company Might Be Better Off Staying Small and Nimble

Know when to stop, reflect and look ahead. May 8, 2018 1 min read Opinions expressed by Entrepreneur contributors are their own. Sometimes even startups have to hit the pause button. I know, it’s not easy. Hard-charging, risk-taking entrepreneurs don’t like to slow down and look at the run down the mountain before diving in. But the smart ones do. After all, you have to know where are the bumps, where is the ice and what about those trees? The size of your company can often dictate how nimble you can be, how easy it can be to change course when the view ahead gets cloudy. Trust me, it occasionally will. Related: How to Give Every Team Member a Tax-Free ‘Raise’ Read_more Related posts: The Top Challenges Faced by Women in Business in 2018 (Infographic) The 4 Most Common Challenges Facing Enterprise Strategy Teams Today The Major Challenges Faced by Women in the […]

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How to Give Every Team Member a Tax-Free ‘Raise’

There’s no better deal around than a Health Savings Account. April 23, 2018 1 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » Opinions expressed by Entrepreneur contributors are their own. The next time you talk benefits with your employees, tell them you have an amazing deal for them: tax-free income. Yes, tax-free — not tax-deferred. It’s a HSA or Health Savings Account. Employees put money into the account pre-tax. They take it out — for qualified medical expenses — tax-free. They can even let it sit for years, growing as an investment, and then spend it as they wish, as long as they have had an equal amount of unclaimed medical expenses over time. Let me be emphatic: I know of no other way for an employer, small or large, to give employees tax-free […]

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Why Educating Employees About Retirement Plans Is Critical

Encouraging retirement savings is a leader’s responsibility. April 16, 2018 1 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » Opinions expressed by Entrepreneur contributors are their own. When it comes to 401(k)s and retirement plans, it’s important to help your employees out as much as possible. Make sure they take the time to learn how the plans can have a positive and outsized impact on their lives down the road. But, don’t make it too easy. Don’t just hand them brochures and paperwork and walk away. Seminars and classes can be very helpful, but make sure they are relevant to younger workers in both content and delivery. Think about how technology can help these employees learn how money grows. It will become one of the most important lessons they ever learn. Related: Think […]

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Recruit More Millennials by Offering This One Big Perk

You can attract and retain more millennials by easing their college debt. April 4, 2018 1 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » Opinions expressed by Entrepreneur contributors are their own. Young adults today, as a group, have it tougher than previous generations did when starting out. The burden of student loans is one big difference between the baby boomers and later generations. It creates anxiety for these newer employees, and it leads them to delay building wealth, buying a home and saving for retirement. Here’s a thought: Help these men and women out. Companies have come up with a variety of potential solutions, including bonuses directed at student loan payments or making saving in other areas, such as 401(k)s, more attractive. It’s not charity that I’m talking about. It’s a recruitment […]

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Younger Team Members Often Don’t Enroll in Retirement Plans — But That Can Hurt Your Company

February 21, 2018 1 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » Opinions expressed by Entrepreneur contributors are their own. It’s important for companies that offer retirement plans to get everyone to participate. Not just to help the employees, but to help the plan meet its compliance requirements. Unfortunately, all too often younger workers, especially those new to the job, don’t sign up. They’re too busy. They don’t see themselves retiring anytime soon. They need the money for rent, a car, paying off college loans, a trip to Bali, etc. We all know the excuses. This is particularly relevant to entrepreneurs, given that startups, in particular, tend to hire armies of younger workers.  One solution is to enroll employees automatically and then make sure they’re increasing their contributions each year.  Ideally, employees should […]

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