053: Biggest Mistake Employers Make When It Comes to Money – with Lauren Colson

The Employment Experience - an employment law educational tool for business owners and Human Resources professionals

Let’s dive into the complex world of business finance – discussing everything from critical business decisions to the power of financial literacy. Lauren Colson, the brilliant mind behind Colson Strategies, breaks it down for us, illuminating the varying needs of a business at different stages of growth. We also step into the realm of outsourcing, shedding light on the importance of understanding your numbers and cash flow to make smart decisions.

Go here to listen → https://www.karlywannos.com/blog/ee053

Lauren gifts us with the key to unlocking a wealth of knowledge on the financial decisions that steer the business ship, the crucial role of CFOs, and the importance of financial literacy. We dive deep into the financial implications of hiring a team member. We also explore the need to think beyond salary, considering benefits, payroll taxes, and workers' comp, and challenge the traditional notion of part-time versus full-time roles.

We wrap up the discussion by looking at the legal determination of independent contractors versus employees and how this impacts your finances. This episode is more than just a conversation; it's your roadmap to financial mastery in business.

In this episode, you will hear:

• Financial decisions for business owners
• Role of CFO, hiring considerations
• Financials, hiring, and business growth
• Considerations for hiring and budgeting

Resources from this Episode

https://www.colsonstrategies.com/

Connect with Lauren:

https://www.linkedin.com/in/laurencolsoncpa/

The Wannos Law Firm: https://www.wannoslaw.com/

Employment Law Courses: https://www.karlywannos.com/employment-courses

Legal Workshops

• Employment Law for Businesses https://www.karlywannos.com/workshop
• FMLA Workshop: https://www.karlywannos.com/fmla
• Calculating Damages Workshop: https://www.karlywannos.com/damages-workshop

Connect with Karly

Follow on Instagram [https://www.instagram.com/karlywannos] and Linkedin [www.linkedin.com/in/karlywannos]

Newsletter: Sign up for my Newsletter on employment law and management topics [www.karlywannos.com/newsletter]

Connect with Karly Wannos

Follow Karly on Facebook, [https://www.facebook.com/Karly-Wannos-103354468305465] Instagram [https://www.instagram.com/karlywannos] and Linkedin [www.linkedin.com/in/karlywannos]

Sign up for my Newsletter on employment law and management topics [www.karlywannos.com/newsletter]

Follow and Review:

We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

The copyright and intellectual property for The Employment Experience and this post are owned exclusively by Karly Wannos, LLC.