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Hiring Your First Employee? 5 Things You Need to Know.

You're finally letting someone else infiltrate the walls of your company, and you'll have to assume the role of that person's boss. Don't panic. You’ve been a solo entrepreneur for a number of years and things have finally taken off to a point where you’re in need of hiring some full-time help in the form of an employee. While exciting, this "next step" can also be a very nerve-wracking change.  Hiring your first employee, in fact, may feel strange. You’re finally letting someone else infiltrate the walls of your company, and you'll have to assume the role of that person's boss (in addition to the dozens of other titles you already hold). But before giving any individual a job offer, you need to be aware of the following: 1. Cost  If you’re only taking salary into account when hiring an employee, you’re failing to account for the  myriad of other expenses  (and possible expenses) that could come into play. For example, you have to pay 6.2

10 Ways To Spot A Truly Exceptional Employee

A recent international study surveyed more than 500 business leaders and asked them what sets great employees apart. The researchers wanted to know why some people are more successful than others at work, and the answers were surprising; leaders chose “personality” as the leading reason. Notably, 78% of leaders said personality sets great employees apart, more than cultural fit (53%) and even an employee’s skills (39%). “We should take care not to make the intellect our God; it has, of course, powerful muscles, but no personality.” –Albert Einstein The problem is, when leaders say ‘personality’ they don’t understand what they’re referring to. Personality consists of a stable set of preferences and tendencies through which we approach the world. Being introverted or extroverted is an example of an important personality trait. Personality traits form at an early age and are fixed by early adulthood. Many important things about you change over the course of your lifetime,

9 Costly Items Your Company Can Live Without

If your company lacks the cash to survive the next six months, think about these cutting back on these nine expenses. "The First 90 Days" is a series about how to make 2016 a year of breakout growth for your business. Let us know how you're making the first 90 days count by joining the conversation on social media with the hashtag #Inc90Days.​ Stocks have plunged since 2016 dawned. It is unclear whether this plunge is a result of investor fear or its cause. But one thing seems certain: The uncertainty could spell trouble for companies seeking to raise capital from investors. If you run a company that was counting on raising capital that has been delayed due to these market conditions, you will need to tighten your company's belt. How should you do that? Here are nine costly items your company can live without. 1. Money-losing product lines. If you don't know which products are profitable and which are losing money, you need your finance departmen