I help entrepreneurs leapfrog over the typical potholes that derail most small businesses with inspiration, motivation, education, and support across a wide range of business topics drawn from over a decade of running my own business, teaching entrepreneurship for the City of New York, and coaching and consulting privately with dozens of women and minority small business owners. Honestly, why go it alone when help is an email away?
In Good Company
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This week I want to talk about something kind of boring. Or, at least that’s what everyone often thinks when it comes to Human Resources (HR) and compliance. And, if you’re a company of one, like me, it’s oh so easy to just tune out and think—this doesn’t apply to me at all. Can you relate? If so, then, like me, you might also be surprised to learn how wrong we are. I can’t tell you how many stories I’ve heard lately from entrepreneurs hit with big bills and penalties because they failed to comply with one or another new HR regulation passed over the last few years. So, just ignoring this stuff can be costly and ignorance is no defense. For instance, just this week my friend Denise Smith, founder of HRthePartner, sent me a note about the New York State HERO Act that was recently passed and goes into effect in two weeks, on June 3rd. As part of this new law, companies with as few as one employee are required to have an Infectious Disease Exposure Prevention Plan (IDEPP). Yikes, that doesn't sound like an easy thing to put together on the fly or within 2 weeks! Get more info about New York's HERO Act and how to prepare and stay compliant in Denise's newsletter. Even if you don't live in New York State or aren't an S-Corp or C-Corp and therefore considered an employee of your own company, you're not off the hook. Lots of LLCs and sole proprietors are falling afoul of the new stricter definitions of 1099 employees. If you get it wrong, you'll face significant penalties. So, HR and compliance may be kind of boring, but, man, are they important and potentially costly if not dealt with in a timely and knowledgeable manner. If you think you need some help, or even just someone to talk to, I recommend you take Denise up on her offer of a complimentary consultation. She can help you figure out what relates to you and how to be and stay on top of it all. Until next week, stay well and go outside and play :-). |
Easily Said & Done
I help entrepreneurs leapfrog over the typical potholes that derail most small businesses with inspiration, motivation, education, and support across a wide range of business topics drawn from over a decade of running my own business, teaching entrepreneurship for the City of New York, and coaching and consulting privately with dozens of women and minority small business owners. Honestly, why go it alone when help is an email away?
Hi Reader, Last week we had the first tornado warning in Manhattan and the second in New York City that I can recall. There was horrible air quality from the Canadian wildfires as well as torrential rains with their accompanying flood warnings the week before. Right now, Spain and France are suffering devastating wildfires and heat waves. I've written before about disaster preparedness, but I really want to drive home the need to think about and plan for the potential impact of natural or...
I promised I'd share some AI wins after bashing on it for the last couple of months, so here goes. An old client of mine runs a wine shop in Brooklyn. She's got some help but she's largely a one-woman show. She's been using Monday's AI features to help her analyze and manage her inventory and understand seasonal sales trends to purchase more smartly. She had to level up her investment and hire someone to help her set up the AI agents she needs but feels it's been money well-spent. Another one...
There are lots of thoughts spinning around in my brain at any given moment. Maybe you can relate. We're kind of living in whirlwind times where information is coming at us incessantly; it's like being caught up in a tornado. There's just no way to catch your breath and really marinate on anything for too long. So here are a few things I'm trying to give a little bit more thought and attention to these days: What impact will Pope Leo's AI encyclical have on governments, tech leaders, and...