Small Business | Michael R Lewis, ASJA

August 14, 2013January 3, 2024

6 Reasons to Buy Life Insurance

For many people, their first experience with life insurance is when a friend or acquaintance gets an insurance license. In my case, a college friend, recently hired by a major insurance company, contacted me (along with all of his other friends) to buy a $10,000 policy underwritten by his company.

Unfortunately, however, this is how most people acquire life insurance – they don’t buy it, it is sold to them. But is life insurance something that you truly need, or is it merely an inconvenience shoved under your nose by a salesperson? While it may seem like the latter is true, there are actually many reasons why you should purchase life insurance.

How to Reduce Labor Costs in Your Business

Salaries and wages are one of the largest costs of every company, and are often the most difficult to control. But changing compensation is touchy for those who are affected, so it is important to handle the changes with compassion, truth, and firmness.

One way to do this is to identify your key employees and get their commitment to your plans before you implement them. Companies that reduce compensation or fire employees without considering other methods to increase productivity or reduce costs invariably suffer from poor morale, indifferent customer relations, and further declines in sales, potentially falling into a downward spiral from which there is no recovery.

The following tips will lead you through a difficult, though necessary process to ensure your company is positioned to survive and thrive in any economic environment.

How to Raise Venture Capital – Lessons from the “Shark Tank”

The old adage, “Build a better mousetrap, and the world will beat a path to your door,” is no longer valid, and may never have been true in the first place. There are literally thousands of inventions and new products sitting in garages, workshops, and laboratories across the country, and they will never see the light of day simply because the inventor, lacking the capital to manufacture and market his idea with his own resources, is unable to attract investors.

Though there must be a way to find the money to back such a project, where can you turn to look for guidance?