Today’s snapshot starts with why ex-cons make great employees and includes a story about how First Lady Michelle Obama helps small business and why the millionaire tax has nothing to do with hiring.
They’re humbled to have a job, most will work hard, you’ll be giving them a second chance at success, and the government will give you a business credit of up to 40 percent of income taxes on the first $6,000 in wages. As Dyan Machan of SmartMoney reports, nearly one million ex-cons were employed in 2010. Business owners love the tax credit and report rarely having trouble with formerly imprisoned employees. Would you ever hire an ex-con?
The debate around the so-called ‘millionaire tax’ continues. Yesterday, the U.S. Senate voted down the use of such a tax to extend payroll taxes through next year because it would hurt small business owners. But, As Tamara Keith of NPR writes, when asked, the GOP was unable to point out one SBO who’d be affected. The same happened when a lobbying group against the tax was asked. Hmm. After NPR solicited small business owners with an opinion on Facebook, a few responded saying that although they would be affected by the tax, they still planned to hire. “If my taxes go up, I have slightly less disposable income, yes,” one SBO wrote. “But that has nothing to do with what my business does.” As an extra bonus, check out Washington Monthly’s commentary on the NPR interview probe.
There’s nothing worse than looking at the clock, seeing that it’s only 1 p.m. and realizing that you have four more hours to sit at your desk. The good news: you may not have to do this much longer. As Andrew Price of Co.Exist writes, increasingly companies are subscribing to a new type of work culture, titled ‘results only work environment’ (or ROWE)—the idea being that you can come and go as you please as long as you get your work done. A recent study found that employees in a ROWE program take good care of themselves, report lower levels of stress and feel more invested in their jobs.
Earlier this week, Vice President Joe Biden applauded entrepreneurs for helping world economies—and today I have more good news from The White House. As Alicia Ciccone of The Huffington Post writes, First Lady Michelle Obama does her best to support small businesses—specifically independent designers—by wearing their garments. Obama’s impact is huge—from November 2008 to December 2009, she created $2.7 billion in value for 29 brands. Want to get your duds on Obama? Contact David Medina, the First Lady’s Deputy Chief of Staff. Good luck!
Most small business owners will agree that perks are out of the question. Things like gym memberships, discounts on food, pet care, education reimbursement funds (i.e. perks at many large companies) are just too pricey. Well, not anymore. As Ned Smith of BusinessNewsDaily, BetterWorks is a company that works with small businesses to provide a la carte perks in a choose-your-own format. The only catch: SBOs provide the funds—averaging from $27 per month per employee to $200.
As Jared O’Toole of Under30CEO writes, don’t do the following if you want to create a successful company: keep your idea secret, fail to establish a strong focus and obsess about funding.
You start a company. It becomes successful. You sell it and start another company. For many entrepreneurs, this is a continual cycle, but as Naveen Jain explains on Inc., business owners are in a perfect position to solve real-world problems (i.e. education, healthcare, etc.). Not sure where to start? Identify a major problem and break it down into smaller pieces. Success isn’t about money; it’s about helping your fellow human being.