Forward Looking Business Training

  Are you struggling to keep good employees? Are you taking the right steps to retain them? This week on Business Blunders Trivia we will look at Part II of our Forward Looking Guide: Select for Success, that being the post selection process of onboarding. This guide is available as an online course, eguide and audio guide, which we will be giving away to new followers who request a copy through DM. Each morning we will present the question, then at the end of the week summarize in our blog.  Join the Business Blunders Adventures!

The Trend   There are many circumstances where services to a payer are provided through business contracts versus employment. We are not talking about obvious situations such as operating an automotive service centre, or a hospital who provides an operation; in this article we are talking about personal services such as but not limited to: sales, purchasing, accounting, human resources, domestic services, and even tradespersons working alongside others.   As intriguing as contractual arrangements may sound, it is not as simple as you might think… for either party! For example, how do you handle payments such as income tax and retirement/unemployment benefits? And what happens when the authorities deem it an employment situation regardless of what the parties agree to?   Why a contractual versus employment arrangement?   We start with the perceived advantage of contracts versus employment to payer:   Only pay when services performed. No overtime, holi...

  This week’s Business Blunders Trivia will look at contractual versus employment relationships. Follow the questions on our Linkedin account under Daniel W. Elliot, CPA, CGA then join us back here at the end of the week where we will address the answers. 

 Knowing people want information quick and to the point, we have introduced Business Blunders Trivia which is available as a business workshop or training event. For organizations who wish to use the event package, please write me at training@forwardlookingsolutions.ca. Join the adventures, and learn something new!

  Are you a business owner or manager who has a concern you need help with?  Many have been in your situation, and most are willing to share their experience and wisdom. Reach out and take them up on it! At Forward Looking Solutions we want bring you and the mentors together through our Business Blunders series where we share stories from various occupations and industries. Follow our series at www.thebusinessblundersseries.blogspot.com or @businessblundersseries on facebook and instagram. 

  Let’s remember to be thankful for the men and women who keep it all together for us… the Trades! Electricians, plumbers, welders, mechanics… and the list goes on. This is who built our nation, and who will keep it together.  Coming next year Part 3 of The Beancounter Series - A dedication to blue-collar businesses. We have lots of stories to tell, but write to us if you want your own included: thebeancounterseries@gmail.com

  Are you one of the many who have decided to leave your job and start your own business? Do you find your friends, family, and even employees don't fully comprehend what it means? Let's talk about it! As an employee we are governed by our employers wishes, desires, policies and directions. They decide how and who we hire, what and from who we buy, and how we are going to go about our day. On the flip side, as an entrepeneur, we make these decisions... or as I like to say, 'Steer our own Ship.' But is it as easy as it sounds? Well, first of all, we went from one boss to tens, hundreds, or even thousands of bosses... they are called customers! We went from earning a paycheck to investing our life savings into a shop, equipment, and materials, then waiting for someone to come to the door and buy from us.  Let me tell you about a conversation my friend John had when he was confronted by an employee who questioned why the shop rate was $75 per hour where John only paid him ...