Labor and employment law attorney Elizabeth Unrath advises unpaid employees to first gather contact information for the business and then talk to their state's labor board. Failure to pay wages is illegal and considered to be a form of theft.
When delivering a welcome speech, you must keep in mind the tone of the occasion. Consider whether the event is a somber or joyous occasion and tailor your opening remarks around that. Ask yourself why the group has gathered, and tailor the rest of your speech around your answer. First greet the crowd warmly, introduce yourself, cite your connection to the host, or list your professional qualifications if it is a business event.
A good source of sample letters for canceling a business contract is Docstoc. Docstoc hosts millions of professional documents and a wide selection of quality samples of cancellation letters. At Your Business is another recommended resource for business owners. It offers a large variety of business forms including contract termination sample letters.
Although the percentage varies depending on the length of time a new business is open and the industry it is in, the average consensus is that about 50 percent of businesses fail within the first four years of being in business.
According to Investopedia, the president of a company is the company's top manager. In small companies, the president is typically the owner of the business. In large corporations, company presidents are senior-level executives that report directly to the chief executive officer, or CEO, of the company.
A typical, full-time work week consists of no more than 40 hours per week, usually from 9 a.m. until 5 p.m., as defined by the U.S. Department of Labor. Any extra hours are subject to overtime pay.
Environmental constraints are any limitations on strategy options due to political, external, competition, social requirements and expectations, cultural or economic factors, technological or legal requirements. A business activity may be constrained (limited) by the environment in which it operates. Businesses need to be constantly conscious of these environmental constraints and how they change with time.
Fruits and vegetables are prime examples of homogeneous substances: many suppliers offer fruits and vegetables for sale, but regardless of company, all brands offer the same end product. Most homogeneous products are very similar in physical composition, as well as quality, and the only real difference between the various manufacturer's products is price. In addition to produce, other types of homogeneous products are cosmetic items such as cotton balls and cotton swabs.
Security dye packs can be purchased at designated companies such as NELMAR. The company distributes security packaging items to prevent theft and fraud.
There is not one specific name that is perfect for a hair salon, however, there are things that can be done to instill confidence in potential clients. The United States Small Business Administration has several guidelines to consider when choosing the name for a business.
An investigative consumer report is a complete report on a person's background that shows his lifestyle, character, reputation and personal characteristics. The gathering of this information includes interviewing his friends, neighbors and colleagues. This report is used to make employment decisions during promotion, reassignment, hiring and retention.
While there are several mandatory requirements in the driver's daily log book, the one most likely to cause trouble with the Department of Transportation is the driver's hours of service. According to About.com, minor math mistakes can sometimes cause a driver to receive a ticket. Tickets for hours of service violations range from $1,000 to $10,000 per occurrence.
A business solution is a combination of ideas used to help a company achieve its objectives. A business solution comes in terms of marketing, payroll, auditing, accounting market research and analysis, among other essential business activities. Businessmen set up companies to solve specific business problems. They specialize in a given niche depending on the problems in the market. A business problem is a need that a company strives to provide.
When an employer offers a positive review of past performance, it is a good idea to respond with gratitude. It can be difficult to navigate office protocol surrounding this situation, as many companies maintain strict gift-giving policies. The way in which a person responds to a good performance review often depends upon the relationship with the reviewer.
The two methods for calculating ending inventory include the gross profit method and the retail inventory method. The ending inventory is the number of units of inventory that the company on hand at the end of an accounting period. This figure is need for various accounting calculations, including cost of goods sold.
A project proposal is a type of business proposal that delineates the objection of a proposed endeavor together with the steps necessary to accomplish the objective. In addition to identifying an objective and tactics to accomplish the goal, a project proposal sets forth the benefits of pursuing the endeavor.
In the area of business management, planning allows managers to monitor employee activities to make sure they are focused and productive, helps to manage cash flow and performance and can mitigate potential harm from external factors, such as an economic downturn. As with other aspects of life, having a plan in place sets a framework for proper procedures and provides some amount of predictability. Managers adopt planning tools to set and reach short-term and long-term goals that ultimately help their organizations survive and thrive in the marketplace.
According to the Citeman Article Repository, group shift is a phenomenon where individual decisions give way to exaggerated group decisions, often in a corporate or working environment. When individuals voice their opinions in a group setting, they move to an extreme rather than maintaining their original level of conviction.
Examples of pure competition include agricultural markets and the Common Stock Market. In pure competition, product prices are set by market demand, not by sellers.
An advantage is that primary data is information the researcher has collected and worked with personally. It relates directly to that person's research or study. A disadvantage of primary data is that it is expensive to collect the data, and it often takes a long time to process the information.
The role of an accident book is to record all kinds of injuries that occur in the work place. The details of an accident (major or minor) are recorded by the victim or his colleagues.
The purpose of a staff meeting is to inform employees, exchange information and collaborate to reach business goals. Staff meetings provide the necessary information, tools and engagement that employees need to be proficient. Employees can also receive the motivation needed to do a job well during an inspiring staff meeting.