Discover the foundational Four Principles of Management and Organization by Henri Fayol—Division of Work, Authority and Responsibility, Discipline, and Unity of Command. These timeless principles provide a structured approach to effective management and organizational success, even in today’s dynamic business environments.

Yes, you can do your own payroll in QuickBooks! With a QuickBooks Payroll subscription, you can easily set up, run, and manage payroll for your employees—calculating wages, handling taxes, and staying compliant, all in one place.

Wondering how to pay yourself as a small business owner? Learn the most common methods—including owner’s draw, salary, dividends, and profit distributions—and discover which one fits your business structure and financial goals best.

Want to pay yourself as an employee of your own business? This guide walks you through the essential steps—choosing the right business structure, setting up payroll, determining compensation, registering for payroll taxes, and staying compliant with employment laws.

The 5 Cs of influential people management are principles and practices that help managers successfully lead and develop their teams. These Cs emphasize critical aspects of influential people management and can be applied to improve team performance, productivity, and employee satisfaction. The 5 Cs are: Communication: Effective communication is at the core of successful people management. Managers should establish clear communication channels to ensure employees understand t

The nature of business management involves planning, organizing, leading, and controlling resources to achieve organizational goals. This dynamic discipline requires decision-making, adaptability, strategic thinking, and people management to ensure long-term success and sustainability.

Paying yourself first is a crucial financial habit that involves prioritizing your savings and financial goals before spending money on other expenses. It ensures that you consistently save and invest for your future needs and financial security. Here are some steps to help you pay yourself first: Set Financial Goals: Determine your short-term and long-term financial goals. This could include building an emergency fund, saving for retirement, paying off debt, or saving for a

As a business owner, you have the flexibility to pay yourself from your business profits, but there are some considerations and limitations to keep in mind: Business Structure – The business structure you have chosen (e.g., sole proprietorship, partnership, LLC, corporation) will impact how you can pay yourself. You can take draws or distributions from the business’s profits in some structures, such as sole proprietorships and partnerships. In others, like corporations, you

Paying yourself as a business owner involves categorizing the compensation you receive from your business for the work you perform. The categorization of paying yourself depends on your business structure and how you receive your compensation. Here are common ways to categorize paying yourself: Salary: If your business is structured as a corporation (including S corporations), you can pay yourself regular compensation as an employee. You receive this fixed amount consistentl

The five elements of business management—planning, organizing, leading, controlling, and coordinating—are essential components that drive effective organizational performance. Together, they provide a framework for achieving goals, managing resources, and fostering collaboration in a competitive business environment.