Building a business takes the complete and total dedication of all involved. Making sure customers are delighted while ensuring you are getting the best return on your investments is paramount to success.
Finding ways to mitigate some costs can be a challenge. First there is trying to promote your business with a minimal budget while at the same time ensuring that your employees are focused on building your business.
Here are two ways you can help your business now to address these costs:
First, financial stress is a major contributing factor to employee performance. Employees may miss work or not be focused on work because they are addressing a personal financial crisis. This can be reflected in absenteeism, poor performance or a perceived need for employers to help these stressed employees by providing an ‘advance on their salary’ or a ‘one-time gift.’
To help alleviate this issue, your Company may have access to the FinFit Financial Wellness benefit. This benefit helps educate and alleviate many of these financial stresses that your employees may be experiencing. Encouraging your employees to be a part of this voluntary financial wellness benefit could be all they need to allow them to focus more on your business and not ask you for help when they have a financial challenge.
Secondly, your business may need to be heard more in the marketplace. Today happens to be National Be Heard Day for small businesses. We want to help you to be heard.
Share this article through social media and use the hashtags #nationalbeheardday and #finfit. We will like, share and retweet your status update, connecting you to others doing the same thing. If you happen to see this post after today’s date, that’s ok – we’ll still help you to be heard.
Taking these steps cost you absolutely nothing and can help your business be heard and help your employees become more financially fit, allowing them to focus more on your business.
- Set aside time to talk
The first step to finding common ground with your finances is to take time to talk about money. Don’t wait for overspending, overdrafts or a financial crisis. Define your values and goals together and clarify the difference between needs and wants.It’s also important to teach children about the value of money and how to use it responsibly. Partners like Jump$tart Coalition and National Endowment for Education (NEFE) are making this easier. Programs such as Money As You Grow and Smart About Money offer tips to incorporate financial literacy into everyday conversation as early as age 2.