Business owners live to work, but few write succession plans. — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
Affluent business owners enjoy their work so much that 43% want to work until age 70 or beyond. That’s nearly double the percentage of affluent Americans who don’t own a business and want to work past 70, according to a PNC Wealth Management survey. But while the fire still burns for those business owners, only 33% of them have a succession plan in place for their businesses (77% say they have a will).
Businesses of ALL shapes and sizes are being forced to pay out big bucks for misclassifying employees and failing to pay proper overtime. Is your company vulnerable? Department of Labor officials estimate that more than 70% of employers are out of compliance with the Fair Labor Standards Act (FLSA)!...Click here to find out more.