There are countless decisions to make in starting a business, and any one of them can hurt or help the success of a startup. However, it will likely be a mixed bag where some decisions will help ensure success, while others will be a hit that can set the endeavor back.
9 common mistakes made with a startup
Age and experience can be advantageous when starting a business
Many people have goals they want to achieve during their lifetime. You may be one of the many individuals in California who had dreams of starting your own business. Rather than taking that path earlier in life, you ended up working for someone else in a different career. While you may have enjoyed that job and the security it afforded you, you may still think about your own business idea.
New report urges insurance industry to consider climate change
Climate change is a reality that is getting harder and harder to deny. It’s a fact that it is responsible for melting the polar icecaps, creating increasingly volatile weather patterns and making long-term changes to the environment.
Wage theft runs into the billions
Wage theft does not top the list of concerns for most employers or employees. Nevertheless, the Economic Policy Institute (EPI) found that 2.4 million workers in the ten most populous states lose $8 billion in combined income annually. That amounts to about one-third of all property theft each year. This averages to be about $64 per worker per week for an annual total of $3,300. Here in California, the Department of Labor claims there are 372,000 minimum wage violations each week.
Federal rules involving overtime to change
The U.S. Department of Labor (DOL) has finalized new rules under the Fair Labor Standards Act (FLSA) for overtime. The federal agency determined that most workers who fall under the FLSA qualify for overtime when they work over 40 hours per week. This change will increase the number of workers eligible for overtime by an estimated 1.3 million employees here in the U.S.
Important new employment laws for 2020
Governor Gavin Newsom closed out the 2019 legislative session by signing dozens of bills, including 15 that will impact the rights of employers and employees.
