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Role of a Team Leader in Retail
In a retail environment, a team leader carries many responsibilities; these may vary slightly depending on the type of retailer employing him, but certain elements are consistent across retail stores, catalog order retailers and online retailers. The team leader's main role is to improve the individual sales people employed beneath him. Every other role is an extension of this basic function. A team leader should provide new and existing sales associates with tips and training to give them a co
The Difference Between a Discount Period & Credit Period
The terms discount period and credit period both refer to specific points in time related to the use of trade credit. Trade credit, a type of short-term debt, allows a business or firm to purchase goods from another company without immediate payment. Instead, payment is expected within a previously specified time frame after the invoicing date. Small businesses involved in retail, either in-store or online, frequently utilize trade credit to purchase both recurring and occasional inventory purch
How to Reduce Risks With Small Businesses
Every type of business, from a large corporation to a small sole-proprietorship, carries with it a series of risks. Many of the risks, such as personnel safety, consumer market transitions and potential legal issues, are consistent considerations for all companies. However, most small businesses do not have a budget capable of supporting the outcome of a crisis and continued business operations. Small businesses must consistently work toward reducing risks to ensure continued success when new op
How Does a Business's Net Income Increase Its Net Worth?
Under most circumstances, an increase in net income translates to a direct increase in net worth for any enterprise. In a small business, a larger net income typically contributes to an increase in net worth, or owner's equity, in the company while privately held corporations experience an increase in stockholders' equity.
What Are the Benefits of Teaming in an Organization?
The teaming of workers within both small and large organizations brings with it several benefits when the creation and use of teams is governed with an eye toward potential results. A well-matched team of individuals working on a common project or managing a particular aspect of a business can improve work quality, efficiency and growth.
The Disadvantages of Social Networking in the Workplace
Small business owners need to assess the potential negative effects of social media in the workplace, before placing employees in front of a computer that has unlimited internet access. Social media's negative effects on productivity can lead to a loss of revenue, while widespread use of social networks for internal communications makes the loss of sensitive company data a distinct possibility. Before hiring a worker who must use the internet for work, draft a social media policy that addresses
How to Do Inventory of Office Supplies
Most likely your company maintains a selection of office supplies for employee use, which means you need to maintain a consistently updated list of inventory purchased and used within a specific accounting period. An accurate inventory serves a two-fold purpose: it helps ensure your business does not run out of necessary office supplies, and it allows you to properly account for office supply purchases as assets or liabilities under an accrual system of accounting.
Secrets When Filing Taxes
Filing your annual income tax returns may seem like a relatively straightforward process, and it largely is. However, there are a few tips and tricks, or secrets, that an average taxpayer may rarely explore. Careful consideration of these strategies can net you a larger refund and help you avoid unnecessary stress when dealing with the IRS.
Overtime rule: More money or more problems?
Overtime rule: More money or more problems? A Department of Labor overtime rule change scheduled to take effect on Dec. 1 has the potential to affect millions of employees nationwide and 174,000 Louisiana workers.
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