Small Business, Big Ideas
(And a Few Laughs Along the Way)
Your go-to blog for tips, tricks, and the occasional dad joke about running, growing, and loving your small business. Seriously helpful. Seriously fun.
PEO Insurance: Better Employee Health Option?
Get most competitive packages through complete information.
The idea of starting and running your own business can be exciting. New innovations and ideas propelling sales and brand recognition are all part of the fun.
But not everything is fun for small business owners. As health insurance laws changed with the Affordable Care Act, many small and midsized business owners found themselves against the financial ropes, fearing closure due to new demands for employee health care.
Why use a PEO Broker?
First off, if you're scratching your head at the word "PEO," head over here first. This article is a must-read too, but it'll more helpful once you've learned about how a PEO can help boost your business' profitability while saving you weeks of time each year.
Are you in a PEO now? Were you once in a PEO? Read the above article or already know about PEOs? Then you know the advantages that they can bring. But here's why you should never go PEO-hunting without a broker again.
Three Things To Ask a PEO
You’ve made the decision to start investigating PEOs and you’re ready to compare all the different plans that PEOs have to offer. There are lots of things to consider, but you should begin analyzing every PEO with three critical questions that cover the basics about disclosure regarding fees, cancellation, and taxes.
PEO For Sole Proprietors: Does It Pencil?
On the surface, it would be easy to decide that your one-man or one-woman band wouldn’t benefit from partnering with a PEO. But, that most often is not the case. In fact, there are some very compelling reasons why you should investigate a PEO for yourself.
How a PEO can help you with Human Resources
Human Resources can make or break your company - in my opinion; HR sets the tone and culture of your company. Getting your product/service, business model, and HR right, in the beginning, are vital to your business’s survival. Over the years, I’ve seen companies that had incredible products/services be sidelined because their HR was reactive instead of proactive and I’ve seen businesses that were slow to start but had a solid HR infrastructure thrive.
How a PEO can help Small Businesses with Workers’ Compensation
Many things in life are necessary evils, be it taxes, the DMV, the Dentist and Workers’ Compensation Insurance falls in there. Workers’ Comp is required if you have employees and protects you and them in the event of well an accident. Some industries are more prone to accidents while others rarely will see any, but regardless all businesses large and small must have Workers’ Compensation Insurance coverage.