The year is still young, but a survey conducted at the close of 2016 indicates that small business owners are confident about growth in 2017. According to data gathered by the National Federation of Independent Business (NFIB), optimism among small business owners increased by 7.4 points in December 2016—the biggest single jump since 1980 and the highest surge since 2004.
Perceived barriers keep small businesses from offering benefits. That’s the title of a recent article by MetLife Vice President Jimbo Story. Benefits Program Myths Debunked Story indicated that some small businesses hesitate to offer stronger benefits packages due to several common concerns: “...from the time it takes to administer them, to the lack of perceived value, to the return on investment (or lack thereof).” Then he added, “But these barriers are myths."
A recent survey by the International Foundation of Employee Benefit Plans (IFEBP) explored employers' reactions to the Affordable Care Act (ACA). Specifically, the IFEBP asked business owners what they were doing to reduce health insurance costs.
While the Great Recession seems like a thing of the past, small business owners are still recovering. And while optimism is growing, owners say top small business challenges for 2015 are financial security, recruiting quality employees, offering the benefits employees want, and creating a competitive edge.
The Affordable Care Act (ACA) has brought about a big shift for brokers -- a shift that has meant new challenges, frustrations, and unknowns. Is there a silver lining? For many brokers who are wondering how to structure their business and retain clients, it would seem a silver lining simply isn’t there. However, the ACA has opened new doors that allow brokers to retain clients and attract small business prospects. How? In this article, we’ll explain how and why brokers can stay relevant in the health insurance world by serving as a hub for small businesses.
You may not know it, but you might be a small business owner with trust issues when it comes to your employees. You must be thinking, “No, not me. I fully trust my employees.” And while this is true for some employers, there are plenty out there that feel they do trust their employees, but deep down they do no not. So, today we’re going to give you an extremely helpful life hack. We’re going to show you not only how to trust your employees, but how it will improve your small business’s productivity by leaps and bounds. Note: This article is an excerpt from our eBook, “7 Life Hacks to Empower Your Small Business.”
It’s your company’s health insurance renewal time, and your boss just walked into your office with a renewal increase of 20 percent. It’s now your job to research how to get the cost of health benefits under control, again. Here’s something you might not know - employees’ medical costs and Obamacare might be driving up the cost of your small business’s health insurance. The good news? There’s something you can do about it.
It’s no secret that owning a business of your own comes with plentiful rewards. Suddenly, you’re your own boss, you can enjoy flexible hours, you possibly have additional income, you experience tax advantages, you get to make all the decisions for your company, you have a clean slate for your ideas and implementation, you get to select the location for your business, and many more advantages. For many people, owning their own company is a dream come true, so then, how do you start a business? The first step is the business idea. A common assumption among people wanting to start a business is that coming up with the idea is the hardest part. However, when you talk to people already in business, they often reveal that the idea was the easiest part. Many small business owners didn’t realize how hard it would be to move from the idea stage to opening the doors. Below are some tips to get you started.
Homework. It’s not something everyone likes to do, but when it comes to opening a small business, doing your homework is vital. Why? According to the SBA, 50% of small businesses fail in the first five years. Knowing your market, doing your research, and having a solid business plan sets the foundation for success in the long term.
Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. Zane Benefits, Inc. does not sell health insurance.