Since February 2021, the average pay for U.S. workers has been more than $30 per hour and varies depending on where you are in the country. Does that number seem too high or too low for your small business? Maybe. Maybe not. Coming up with a salary range for each position at your small business can take some of the guesswork out of setting the appropriate pay for your employees, helping your business attract and retain workers—and ensuring your business is properly allocating its payroll....

Before you invest any time and energy in finding and applying for a small business grant for your startup, it’s important to understand what criteria these grants look for, and decide whether or not your particular business or industry qualifies. What Is a Startup Small Business Grant? A startup small business grant is monetary funding from the government or an organization that is given in order to help small companies and nonprofits succeed in building and growing their business....

How to Build Sources of Passive Income Most people build up sources of passive income over time by working. They save and invest some of what they earn to the point where the investments produce enough income to allow them to retire. Then they simply manage their investments or businesses. You have to learn to manage your investments so they produce steady and reliable passive income. It’s best to follow a set of investment management rules to make sure you don’t withdraw too much too soon, putting your future income at risk....

You may be wondering how to buy NFTs and the risks of investing in them—or whether NFTs are right for you. Keep reading to learn more about investing in NFTs and other tips for getting started. How To Invest in NFTs in 6 Steps 1. Choose the NFT that you want to buy The first step toward owning an NFT is also the most fun part—shopping for the NFT that you want to buy....

Here’s how to qualify for a home loan. What You Need To Qualify for a Home Loan While requirements vary by lender and loan type, there are some overarching criteria that lenders look for regardless of those factors. Credit Score Your credit score is a three-digit number that shows how responsible you are as a borrower. A high credit score shows lenders that you’re likely to repay your home loan on time and in full while a lower score signifies you might fall behind on your payments or default....

MLS Forever It starts with the Multiple Listing Service (MLS). Sellers want their home advertised everywhere possible online. Increasing the exposure to online shoppers tends to maximize profit potential; their thought process is the more websites, the merrier. Many websites get their feed from the MLS. Sellers don’t necessarily care about the ramifications or the buyers’ privacy after transactions close. Photos of Your Home for Sale After It’s Sold A funny thing happens, though, after buyers become homeowners....

How To Report 1099-MISC Box 3 Income You’ll report Box 3 income such as incentive payments on Line 8 of Schedule 1, which you’ll submit with Form 1040. You would then enter the total amount of other income and unemployment income on Line 10 of Schedule 1. That’s the figure that you’ll then enter on Line 8 of Form 1040. Entering the total on Line 8 separates your Box 3 income from any wages or salary you earned....

Smart managers learn quickly to draw upon the expertise of team members to build team and group performance and support individual development. In other words, smart managers learn to let go of being the expert on every topic and develop new experts on their teams. What Got You Here Won’t Cut It Moving Forward For many first-time managers accustomed to serving as the expert in their roles as individual contributors, letting go of this part of their workplace persona is difficult....

How to Calculate ROE You can calculate ROE by dividing net income by book value. A healthy company might produce an ROE in the 13–15% range, and as with all metrics, comparing companies within the same industry will give you a better picture. Some Potential Flaws Although ROE is a useful measure, it does come with some flaws that can give you a false picture. You should never rely on ROE alone....

A rollover for business startup (ROBS) allows you to use your retirement funds to pay for initial startup or acquisition costs. However, using a ROBS can be a risky move, and close consideration must be made when weighing the pros and cons of putting your retirement eggs into one basket. Understanding the process, options, and stakeholders involved is a starting place in reviewing rollovers as a potential funding outlet. Below, we’ll delve further into what a ROBS is and how it works....

Perhaps you believe you’ve been unfairly warned, demoted, laid off, or fired. Maybe you’ve been denied a raise when you believe you deserve one. Regardless of the circumstances, you may be able to appeal the decision. If this is the case, a well-crafted appeal letter may help in redressing the situation. What to Include in an Appeal Letter In an appeal letter, you state the situation or event, explain why you think it was wrong or unjust, and state what you hope the new outcome will be....

Sample Check With Dollars and Cents For example, assume you need to write a check for eight dollars and fifteen cents (that’s $8.15). There are two steps: First, write the amount in numeric form in the dollar box, located on the right side of your check next to the dollar sign (“$”). Start by writing the number of dollars (“8”), followed by a decimal point or period (“.”), and then the number of cents (“15”)....

India had rapid growth despite the Great Recession of 2008. It grew by 6.8% in 2018, 7.2% in 2017, and 8.2% in 2016. From 2008 through 2014, its growth rate was 3% to 8.5%. As a result, poverty was reduced by nearly 10% in the 2010s. On May 23, 2019, Prime Minister Nahrendra Modi won re-election. He was initially elected on May 16, 2014, ending 30 years of leadership by a coalition government that included the party once led by Mahatma Gandhi....

Interest rates affect the cost of loans. As a result, they can speed up or slow down the economy. The Federal Reserve manages interest rates to achieve ideal economic growth. What Is an Interest Rate? An interest rate is either the cost of borrowing money or the reward for saving it. It is calculated as a percentage of the amount borrowed or saved. You borrow money from banks when you take out a home mortgage....

In a job interview for one of these jobs, a common interview question is, “Do you enjoy working in a fast-paced team environment?” You can expect to be asked this question whenever keywords like “multi-tasking,” “teamwork,” or “fast-paced environment” have been emphasized in the job announcement of the position you’re applying for. When answering this question, be sure to address both parts of the question. Explain both why you work well in a team, as well as why you enjoy working in a fast-paced environment....

Remember, your interviewer is likely accustomed to interviewing first-time job seekers. Plus, everyone has a first interview in their work history. With your first interview under your belt, it will get much easier. Practicing answering interview questions beforehand is also very helpful. Tips for a Successful First Interview Here are tips to help make that first interview a success. Before Your First Job Interview Research the company. Take some time to research the company, so you are familiar with how they operate....

The 13 Primary Types of Stock Order After you’ve chosen a stockbroker, you are going to want to begin trading shares. Before you do that, you should learn the 13 types of trade orders you can place online and the circumstances under which you would use them. You may not use all of these types of order, but you never know. It’s good to be aware of the full range of choices you have at your disposal....

A favorable aspect of ETFs is that investors can target a specific sector without having to corner the market in industry stocks. With ETFs, investors can get instant exposure to an industry they want to invest in with one transaction while diversifying their portfolios and managing risk. If you want to target the insurance sector, there are a few ETF choices for your portfolio. While this is not a list of every available option, if you are seeking an opportunity in the insurance industry, take a look at these ETFs to get started....

There are unique benefits and protections afforded to LLC owners which make it easy to understand why they are so highly favored. As a new investor, it’s important for you to understand why you should care about LLCs, their different types, and the tax implications. This collection of LLC articles is your guide to limited liability companies, beginning with an overview of the term and including reasons and techniques for you to start one yourself....

One key feature about all mortgages homebuyers should understand is the fact that these loans are secured. That means your property is used as collateral, so in case you cannot repay the loan, your lender can avoid significant losses by selling your home. Learning the difference between secured and unsecured debt is important. Let’s take a look at what constitutes secured debt versus unsecured debt, how this affects your mortgage, and what happens when you can’t make your payments....