Hear timely insights on marketplace conditions, proposed legislation, innovations, research, and success strategies from industry leaders, lawmakers, experts, and icons to help you propel your business forward and THRIVE.
Episodes
17 hours ago
17 hours ago
Host of Paychex THRIVE, Gene Marks is talking with Dr. Adam Ozimek, Chief Economist for the Economic Innovation Group. Hear what they had to say about some key current event trends, including the impact of high-skilled vs. low-skilled immigration, what the future may hold for non-compete clauses and what that could mean for employers, and what the tough labor market can tell us about today’s economy. Tune in to find out more.
Topics Include:
00:00 – Welcome, Adam Ozimek
00:39 – The Economic Innovation Group
02:19 – The complexities business owners face
03:30 – High-skilled immigration policy
05:52 – Immigration and exporting educational services
08:13 – Highly-skilled workers impact on international relations
09:27 – High-skill immigration legislation
11:26 – The topic of low-skilled immigrants
13:05 – Policy challenges of low-skilled immigration
14:54 – Non-compete clauses in employment contracts
18:21 – Why the backlash to possible ban on non-competes
20:13 – How value of non-compete clauses to employers
21:31 – Why do we have so many unfilled jobs?
23:24 – The sign of an unhealthy economy
25:00 – The pandemic’s impact on the labor market
27:14 – Wrap up
Looking for ways to set your business apart in a tight labor market? Read more here www.paychex.com/worx/webinar/attracting-and-retaining-talent-ways-to-help-your-business.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
7 days ago
7 days ago
President Biden offers up a bug-numbers federal budget that will never pass, but he’s thinking long-term for a potential platform in the 2024 elections. Meanwhile, pay transparency is beginning to brew at the federal level. Gene Marks also takes a look at tipping that is drawing regulatory interest and an out-of-left-field proposal in Florida to exempt minor league ballplayers from making minimum wage. Check out this week’s podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Mar 14, 2023
Tuesday Mar 14, 2023
Finding financing for your business can be difficult, especially if your FICO score is not what larger banks require. On this episode of Paychex THRIVE, Gene Marks is talking with Solomon Lax, the CEO of Revenued, a business and financing company. Hear what Solomon had to say about rethinking how we look at businesses in need of funding, what Revenued does to help companies with subprime credit, the Revenued Business Card, and more.
Topics Include:
00:00 – Welcome, Solomon Lax
00:40 – Introduction to Revenued
01:54 – Rethinking credit scoring
03:32 – The process of getting a loan
04:21 – Thinking beyond the FICO score
05:25 – Merchant cash advance07:41 – The opening for Revenued
07:50 – Looking at the business as a whole
09:50 – The Revenue business card
11:12 – Who should take advantage of this card?
12:00 – Return on investment when considering loans
13:34 – Revenued card compared to traditional cards
16:17 – Terms of repayment
16:42 – Point of sales systems and accounting systems
19:26 – Types of businesses using the Revenued card
20:53 – The benefit to under-prime businesses
23:48 – Episode wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas here.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Mar 09, 2023
Thursday Mar 09, 2023
While the DOL works on getting a new Secretary of Labor confirmed, Gene Marks says the department’s recent progressive nature isn’t likely to change. However, what should change for businesses are their payments processes with the use of cash and checks by consumers dropping significantly compared with online apps and digital wallets. Also, millions have been infused into the State Small Business Credit Initiative program. If your state has an SSBCI, check into it. Listen to this week’s podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Mar 07, 2023
Tuesday Mar 07, 2023
You’ve heard about public relations, but is PR the right move for your business? Listen in as host Gene Marks talks with CEO of Hypemachine, Olga Orda, about what public relations really is, how the media can help create credibility for businesses, creating a compelling story to tell, and much more.
Topics Include:
00:00 – Introduction to Olga Orda
01:54 – The purpose of public relations
03:41 – Is PR for every company?
05:16 – How the media creates credibility
07:00 – What is media today?
08:04 – Local versus national PR
09:02 – What does Hypemachine do?
10:36 – The cost of using Hypemachine
11:08 – How long should you use Hypemachine?
11:52 – The right time to use Hypemachine
12:47 – What you can expect to get from Hypemachine
14:39 – How to make your story compelling
16:53 – The impact of current events on your story
19:01 – Hypemachine versus traditional PR firms
20:50 – The use of artificial intelligence
21:11 – What’s included with Hypemachine subscription?
22:30 –Types of clients are right for Hypemachine
24:27 –PR options are available for business owners
26:29 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas payx.me/thrivetopics.
Learn more about Hypemachine at hypemachine.io.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Mar 02, 2023
Thursday Mar 02, 2023
Legislators in the Golden State continue trying to shake up the fast-food franchise industry have proposed establishing joint liability between franchisor and franchisee, which was met with quick opposition. Meanwhile, the IRS made changes that would require many more businesses to e-file more returns and documents in 2024. How might these impact how you do business? Listen to this week’s podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Feb 28, 2023
Tuesday Feb 28, 2023
On this episode of Paychex THRIVE, a Business Podcast; host Gene Marks is talking with Lyn Alden, Founder of Lyn Alden Investment Strategy about the outlook of the 2023 economy. Listen in as Lyn does a deep dive on everything from fiscal deficits, the impact of a strong labor market, which industries will stay strong, how the national debt will impact businesses, inflation, and much more.
Topic Include:
00:19 – Introduction to Lyn Alden
03:52 – Reading this year’s economy
06:15 – Predictions for economic conditions
08:18 – Fiscal deficits
09:47 – Demand suppression during 2023
11:15 – The strong labor market
12:10 – Strong vs. weak industries
15:12 – Interest rate sensitivity
17:56 – Impact of rising interest rates
20:09 – The national debt
22:52 – inflationary periods
26:37 – Wrap up
Get more information on different types of financing for small businesses at www.paychex.com/articles/finance/securing-small-business-financing.
Have a guest or topic you’d like to suggest for the show? Submit your ideas at payx.me/thrivetopics.
Learn more about Lyn and investment strategies at lynalden.com
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Feb 23, 2023
Thursday Feb 23, 2023
Brick-and-mortar stores have to develop strategies to stay competitive and make the in-store experience unique. The good thing is the number of store openings exceeded store closings for the first time since 2016, and Gene Marks says this is good for businesses and consumers. He also says changes in labor laws wouldn’t be a bad thing if handled responsibly with proper parental consent and with coordination with the schools. Listen to this week’s podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Feb 16, 2023
Thursday Feb 16, 2023
The impetus behind the Great Resignation of 2022 — that the grass is greener someplace else — did not always pan out, according to a survey by Paychex and Fractl. Millions left jobs and the study found that 80 percent regret the decision. Mental health, work/life balance, and more suffered. Businesses can gain ground, especially those needing employees, if they refocus their internal processes to enhance reviews, use this to teach about the value of loyalty, and grasp boomeranging.
Read to full survey at https://www.paychex.com/articles/human-resources/exploring-the-great-regret.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Feb 14, 2023
Tuesday Feb 14, 2023
From childcare needs and healthcare to minimum wage and worker classification, business owners today are having to navigate a lot of important issues that impact their employees and their company. On this episode of Paychex THRIVE, host Gene Marks is talking to CEO and Founder of the Small Business Majority, John Arensmeyer about these topics and more and how business owners can support their employees and set their companies up for success.
Topics Include:
00:34 – Introduction to John Arensmeyer
01:49 – What does Small Business Majority do?
03:09 – Getting involved in the Small Business Majority?
04:00 – Small Business Majority funding
04:14 – Size of Small Business Majority
05:23 – Navigating challenges in an inflationary year
08:29 – Minimum wage increases
10:06 – Thoughts on worker classification
12:34 – Pro-business or pro-employee
15:39 – Retaining and attracting employees
17:19 – The impact of childcare needs on the workforce
19:11 – How healthcare impacts employee attraction
21:43 – Where to look for financing in 2023
24:30 – The Small Business Majority agenda for 2023
25:56 – The future of small business
27:35 – Wrap up
Here are some ideas to help employee retention and foster company success at www.paychex.com/articles/human-resources/creative-employee-retention-ideas.
Watch our webinar for ways to attract and retain talent at www.paychex.com/worx/webinar/attracting-and-retaining-talent-ways-to-help-your-business.
Read about the impact of benefits on recruiting employees at www.paychex.com/articles/hcm/benefits-help-recruit-and-retain-best-employees.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Feb 09, 2023
Thursday Feb 09, 2023
A survey reveals that, like many other generations, the Gen Z employees like to get paid. Compensation tops the list of what they value most. Gene Marks looks at a few other aspects Gen Zers desire when looking for work, as well as a few surprising things that don’t factor into their decision-making process when applying for a job. Listen to this week’s podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Feb 07, 2023
Tuesday Feb 07, 2023
As new regulations are proposed, it’s important that business owners understand the impact they could have on how they run their company. On this episode of Paychex THRIVE, a Business Podcast; host Gene Marks is talking with Gentry Collins, CEO of the American Free Enterprise Chamber of Commerce about some of the possible upcoming legislation. Listen in to hear about the importance of American Free Enterprise, the Credit Card Competition Act, federal minimum wage, and more.
Topics Include:
00:14 – Meet Gentry Collins
01:55 – American Free Enterprise Chamber of Commerce
02:12 – Threat to American free enterprise
04:20 – Why become a member of this organization
06:47 – The Credit Card Competition Act
09:16 – The negatives of this the Credit Card Competition Act
11:26 – Legislation and regulations the organization supports
14:52 – New rules for worker classifications
17:53 – The negative effects of national federal minimum wage
20:57 – Impact of immigration on the economy
24:36 – Wrap up
Learn more about the new proposed new worker classification rule at www.paychex.com/articles/compliance/dol-independent-contractor-rule.
Read more about some of the top regulatory issues businesses may face in 2023 at www.paychex.com/articles/compliance/top-regulatory-issues.
Find out more about the American Free Enterprise Chamber of Commerce at www.amfreechamber.com.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Feb 02, 2023
Thursday Feb 02, 2023
With the GDP up, unemployment down in a majority of states, and the recession projections not as bad as imagined, businesses have an opportunity to begin resolving any hiring challenges they might have experienced recently. Gene Marks shares his advice on how and where to recruit, including looking to your own employees for referrals. Listen to this week’s podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jan 31, 2023
Tuesday Jan 31, 2023
We are nearly three years out from the start of the COVID-19 pandemic, but businesses are still in the process of recovering from its effects. Faced with many options for financing help It can become very overwhelming. That’s why we’re talking to Erin Lierheimer, Senior Technical Product Manager at Paychex, and Ken Bersani, Manager of Operating Risk at Paychex about the Employee Retention Tax Credit (ERTC), how you can retroactively claim it, the qualifications and eligibility of the ERTC, how Paychex can help with the process, and much more.
Topics Include:
00:15 – Financing trends for 2023
01:01 – What is the ERTC?
03:15 – Guest introduction
03:51 – Meet Erin Leirheimer
05:39 – Meet Ken Bersani
06:14 – Using a professional for ERTC
07:25 – Can you still obtain the ERTC credit?
07:43 – Retroactive amendments to ERTC
08:09 – How long does it take to get refunds?
08:33 – ERTC timeline and leaving yourself time
11:38 – How Paychex helps with the process
12:09 – ERTC with other loans and credits
15:41 – Qualifications and eligibility for ERTC
15:51 – Full or partial shutdown
19:45 – Decline in gross receipts
22:47 – Recovery startup businesses
25:02 – Key dates
26:07 – Auditing by the IRS
30:51 – Wrap up
Discover more about the benefits of the ERTC at www.paychex.com/worx/guide/ertc-resource.
Find out more about the deadlines to retroactively claim the ERTC www.paychex.com/articles/compliance/employee-retention-credit.
Learn more about the ERTC and how Paychex can help at www.paychex.com/tax-services/employee-retention-tax-credit-services.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jan 26, 2023
Thursday Jan 26, 2023
Put down the pen and listen: This week’s episode of the Week in Review looks at the findings of several studies that demonstrate that writing paper checks is costing your business money and time. It’s time to think about the future and Gene Marks shares insights on the advantages of moving to digital payments for paying your vendors. Learn more on this week’s podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jan 24, 2023
Tuesday Jan 24, 2023
As the retirement crisis looms, people just aren’t saving for their retirement like they should be and need to be. That’s why in 2019, the SECURE ACT 1.0 was passed, to provide benefits to employers for offering retirement plans and to employees for who participate in those plans. Now, three years later, SECURE Act 2.0 has passed and is expanding opportunities for workplace retirement plans across the United States. Tune in as host Gene Marks talks with Sarah Faye Pierce, Head of Government Relations at Paychex, and Michael Majors, VP of HR Solutions at Paychex, about these two big pieces of legislation and how they are working to help businesses and their employees.
Topics Include:
00:14 – Episode introduction
00:45 – Meet Sarah Fay Pierce
02:47 – Meet Michael Majors
04:55 – The retirement crisis in the U.S.
06:54 – Retirement offering amongst small businesses
09:25 – SECURE Act of 2019
12:40 – What is a Pooled Employer Plan (PEP)?
15:26 – SECURE 2.0
18:55 – Highlights of SECURE 2.0
19:23 – Enhanced tax credits
20:56 – Auto enrollment
29:01 – Benefits for younger and older employees
33:15 – Contributing to Roth accounts
37:23 – Safe Harbor database
38:39 – Wrap up
Find out more about SECURE 2.0 and how Paychex can help you start a retirement plan at https://go.paychex.com/secure-act
Read more about the incentives offered by SECURE Act 2.0 at www.paychex.com/articles/compliance/secure-act-changes.
Read more about the SECURE Act of 2019 here at www.paychex.com/articles/compliance/congress-passes-secure-act-for-retirement
Learn how to set up a 401(k) plan for small business employees at www.paychex.com/articles/employee-benefits/steps-for-401k-plan-setup-retirement-saving.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jan 19, 2023
Thursday Jan 19, 2023
A customer relationship management (CRM) system could be the difference maker for your business, especially with its ability to put all your contacts – customers or prospects – in one database. It can improve your communication internally and externally, while also adding tremendous financial value to your business. Gene Marks, whose own company implements CRM systems, shares insights into this important tool.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jan 17, 2023
Tuesday Jan 17, 2023
When it comes to making financial business decisions, there’s a lot to know. On this episode of Paychex THRIVE, a Business Podcast; Gene Marks is talking about everything you need to know, from interest rates and lines of credit to non-bank lenders and SBA loans. Tune in to hear what they talked about and to learn more about what you can expect economically in 2023 and how to navigate business financing options.
Topics Include:
00:20 – Introduction to Greg Ott
00:52 – What is Nav and how it works
03:02 – Finding financing that’s right for your business
04:01 – The impact of interest rates in 2023
05:46 – The increasing cost of capital
07:21 – Financing options through Nav
10:40 – SBA loans
12:28 – Reasons businesses don’t qualify
15:33 – Potential financing options in 2023
16:34 – Lines of credit
17:03 – Rising interest rates
23:14 – Financing alternatives in 2023
25:08 – Wrap up
Read more about how to secure financing for your small business at www.paychex.com/articles/finance/securing-small-business-financing.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jan 12, 2023
Thursday Jan 12, 2023
As 2023 gets underway, inflation remains a challenge, so finances become important – for businesses and their employees. It’s why people are flocking to lower-tax states, providing employers in those states with a larger workforce pool. Likewise, changes are being made in the supply chain. And you’ll never guess which generation thinks its annual salary should be the highest to cover expenses? Gene Marks breaks it down on this week’s podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jan 10, 2023
Tuesday Jan 10, 2023
You know Isiah Thomas as the NBA superstar, but did you know he’s also an all-star entrepreneur? We’re excited to have him join us on this episode of Paychex THRIVE, a Business Podcast where he shares with us his journey to become the Founding Chairman and CEO of Isiah International, and what he’s learned along the way. Tune in to hear Isiah talk about putting together a winning team, setting your employees up for success, the state of minority business ownership, and so much more.
Topics Include:
00:20 – Introduction to Isiah Thomas
01:19 – Indiana Popcorn and the popcorn space
03:27 – Learning business finances
04:46 – The importance of specialization
05:38 – Choosing the right team
07:37 – Being patient with employees
09:07 – Advice for managing people
13:04 – The state of minority business ownership
17:33 – Isiah Thomas’ exit plan
20:06 – What’s on the horizon
Read more about managing underperforming employees at https://www.paychex.com/articles/human-resources/how-to-manage-underperforming-employee.
Learn about employee performance management processes, reviews, and more at www.paychex.com/articles/human-resources/employee-performance-management-and-reviews.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Jan 05, 2023
Thursday Jan 05, 2023
Businesses will be faced with challenges in 2023 regarding funding, regulatory changes such as worker classification, overtime rules, and paid leave, as well as issues of how to enhance their cybersecurity. Host Gene Marks says he’ll be talking all year with his own clients about these topics and shares similar insights on the Week in Review. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Jan 03, 2023
Tuesday Jan 03, 2023
As more states adopt pay transparency regulations, it’s important that business owners throughout the country are aware of the laws that may be heading their way. That’s why on this episode we have Frank Kerbein, Director of the Center for Human Resources at the Business Council of New York State, talking with us about the newest bills coming out of New York City and New York State, and what they mean for businesses and employees. Listen in as he talks about what salary transparency is, the impact these laws have on job seekers, the growing trend of wage compression, and more.
Topics Include:
00:50 – Introduction to Frank Kerbein
02:22 – The Business Council of New York State
03:09 – What is going on with pay transparency?
04:47 – What exactly is pay transparency?
05:36 – Why pay transparency regulations are needed
07:49 – Impact on New York job seekers
09:32 – Pay transparency laws at a national level
11:19 – Wage compression for current employees
13:48 – Compensation beyond salary
15:50 – Employer audits
17:06 – Pay transparency regulation issues
18:59 – Where the New York State bill stands
20:24 – Wrap up
Learn more about pay transparency and what the benefits are at www.paychex.com/articles/management/pay-transparency.
Find out what you need to know about the Equal Pay Act and pay equity at https://www.paychex.com/articles/human-resources/what-hr-needs-to-know-about-pay-equity.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Dec 29, 2022
Thursday Dec 29, 2022
A massive federal spending bill could end up creating savings for your business and employees. Included in the law is SECURE Act 2.0, which impacts your workplace 401(k) by offering tax credits for implementation and matching, as well as extending age limits for employees to save more. Gene Marks shares insights on how this could be a major opportunity for your retirement benefits. Listen to the episode.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Dec 22, 2022
Thursday Dec 22, 2022
Planning ahead, especially when it comes to regulatory and compliance requirements, can keep your business running smoothly. In this episode of the “Week in Review,” host Gene Marks talks about the laws that could impact how you fund your business, start a workplace retirement plan, classify your workers, and more. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Dec 20, 2022
Tuesday Dec 20, 2022
California’s new bill, the Fast Food Accountability and Standards Recovery Act (FAST Act), is putting a new focus on regulations and worker protection for restaurants in the fast food industry. Listen in to this episode of Paychex THRIVE, a Business Podcast to get insight to what this bill is from Jot Condie, President and CEO of the California Restaurant Association. Find out more about who the FAST Act is targeting, how it will affect minimum wage, the possible impact on consumers, and what it means for other industries throughout the United States.
Topics Include:
00:19 – Introduction to Jot Condie
00:44 – The California Restaurant Association
02:37 – What is the FAST Act?
04:54 – Who the bill is targeting
05:10 – The council makeup and authority
09:04 – What does this mean for workers?
11:17 – Why focus on the fast-food sector?
12:01 – How effect on minimum wage
13:47 – The expected impact on consumers
14:57 – Is the FAST Act needed?
16:37 – What does this mean for other industries?
17:29 – Advice to other states
19:18 – Wrap up
Learn more about other laws and regulations impacting the restaurant industry at www.paychex.com/articles/payroll-taxes/notable-laws-and-regulations-for-restaurants.
Read about other regulatory issues businesses may face in 2023 at www.paychex.com/articles/compliance/top-regulatory-issues.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Dec 15, 2022
Thursday Dec 15, 2022
Tired of pressing 1, then pressing additional numbers to work through an automated system? Think how your customers feel if they are having the same experience. Well, chatGPT is all the talk, and it’s the talking part that has the tech sector excited. This artificial intelligence system is conversational – it can continue a dialogue as it “learns” more. Gene Marks shares insights on how this can help your business in the future.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Dec 13, 2022
Tuesday Dec 13, 2022
You’ve heard of Yelp, but are you using it to its fullest potential for your business? On this episode of Paychex THRIVE, Gene Marks talks with Emily Washcovick, Senior Marketing Manager and Small Business Expert at Yelp about how Yelp works to help businesses build connections with customers and succeed in their industry. Listen in as Emily shares her insights on the good that can come from a bad review, how to handle both positive and negative reviews online, the importance of using Yelp to increase your online presence, the features you need to know about, and much more.
Topics Include:
00:50 – Introducing Emily Washcovick
02:16 – Behind the Review podcast
04:02 – You can’t please every customer
05:55 – The positive side of a bad review
08:05 – Yelp as your online presence
12:22 – How Yelp positions itself
15:24 – Industries that benefit from being on Yelp
19:09 – Features of Yelp
23:37 – Connecting with people on Yelp
27:13 – Wrap up
Read about more ways you can connect with your customers and build relationships at www.paychex.com/articles/management/microbusinesses-build-customer-relationships.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Dec 08, 2022
Thursday Dec 08, 2022
The employee retention tax credit is getting a lot of attention after a recent IRS announcement extended the deadlines to file amended returns. Gene Marks tells eligible businesses to go for it because there is meaningful money potentially waiting. However, in this episode of the Week in Review, he also warns that the added attention has brought out scammers and make-shift third-party vendors trying to cheat your business. Stay with trusted sources to help you claim the credit. Listen to the podcast
Learn more about how Paychex can help your business claim the Employee Retention Tax Credit at https://www.paychex.com/tax-services/employee-retention-tax-credit-services.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Dec 06, 2022
Tuesday Dec 06, 2022
Businesses throughout the United States have been forced to navigate an array of unprecedented challenges throughout the past few years. As we look towards the approaching new year, what can we expect to see in 2023? On this episode of Paychex THRIVE, CNN reporter, Matt Egan, talks with Gene Marks about the economic outlook of 2023. Hear what he had to say about consumer spending, a possible recession, interest rates, inflation, and more.
Topics Include:
00:49 – Introduction to Matt Egan
01:49 – What to expect for the holiday season
02:44 – Consumer spending in today’s economy
04:35 – Buy now, pay later trend
08:00 – Are we headed into a recession
11:32 – The challenges within the tech sector
14:16 – State of the housing and construction industry
17:08 – The rise in interest rates
19:03 – Thoughts on inflation in 2023
23:38 – Expected news on small businesses in 2023
26:22 – A positive outlook for next year
28:00 – Wrap up
Hear more about the impact of rising inflation at www.paychex.com/worx/podcasts/business/economy-and-rising-inflation.
Get some tips on how to offset the current financial landscape at www.paychex.com/worx/podcasts/business/interest-rates-rising-think-long-term-loans-money-management.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Dec 01, 2022
Thursday Dec 01, 2022
In this episode of the Week in Review, Gene Marks says he thinks the lame duck Congress might actually move the needle on retirement and tax legislation – and that’s a benefit to businesses. The many bills on retirement could become SECURE Act 2.0, leading to additional tax credits and incentives. Plus, extending the research and development tax credit is on the table. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Nov 29, 2022
Tuesday Nov 29, 2022
On this episode of Paychex THRIVE, host Gene Marks is talking with Catherine Davie, Head of Social Impact of LegalZoom. Listen in as she talks about what LegalZoom is doing on the social impact side of the business, including their NBA and WNBA partnerships, their Fast Break for Small Business grant program, and how they are looking to help women and other underrepresented groups succeed as both entrepreneurs and business owners.
Topics Include:
00:17 – An introduction to Catherine Davie
02:48 – An introduction to LegalZoom
04:07 – Social impact side of LegalZoom
05:33 – NBA and WNBA partnership
06:58 –Fast Break for Small Business grant program eligibility
08:56 – Women and the Boss Survey takeaways
10:27 – Female entrepreneurship in 2022
12:10 – Biases in funding for women-owned businesses
15:03 – The “risk” of investing in women-owned businesses
17:20 – Women in technology and engineering
21:07 – The success of women entrepreneurs in the future
Get more information on different types of financing for small businesses at www.paychex.com/articles/finance/securing-small-business-financing.
Understand the current tech environment for women at www.paychex.com/articles/human-resources/women-in-tech.
Read more about combating unconscious bias in the workplace at www.paychex.com/articles/human-resources/unconscious-bias.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Nov 22, 2022
Tuesday Nov 22, 2022
Robotics and automation are becoming increasingly important in our everyday life. The same goes for businesses, including those in the restaurant industry. CEO of Miso Robotics, Mike Bell, is talking with host, Gene Marks, about the how his company is bringing robotic solutions to an industry that is struggling to fill positions – the restaurant industry. Listen in as Bell talks about the customization of robotic solutions, the impact on workers, and how other industries are using similar technology.
Topics Include:
00:19 – An introduction to Miso Robotics
03:49 – The interest from restaurants
06:07 – How Miso customizes across brands
07:56 – Issues to be aware of with robotic solutions
10:15 – Maintenance of robotic solutions
12:37 – Independent vs. chain restaurants
15:28 – The impact of robotic solutions on workers
20:44 – Robotics in other industries
22:22 – What’s next for Miso Robotics
23:07 – Wrap up
Have a guest or topic you’d like to suggest for the show? Submit your ideas here.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Friday Nov 18, 2022
Friday Nov 18, 2022
With inflation nearing 8 percent and some industries reporting costs for materials much higher than that, the thought that a new yet divided Congress might have a tough time fixing this. However, Gene Marks points out that people’s spending habits don’t match the doom-and-gloom economy that many say the country is in. He shares his insights in this week’s podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Nov 15, 2022
Tuesday Nov 15, 2022
As the economy begins to slow down, many companies may be forced to turn to employee layoffs, now and in the future. Hear from Lenny Feigel, labor and employment attorney at Foley & Lardner LLP, about what you need to consider. Find out why it’s so important to plan, how to select where your layoffs are going, what companies are offering in terms of separation and severance pay, and much more.
Topics Include:
00:19 – Introduction to attorney Lenny Feigel
02:03 – Having a good relationship with a labor attorney
02:53 – The importance of planning when considering layoffs
05:04 – Selecting where layoffs are going
06:47 – What to consider to avoid claims of discrimination
09:11 – Should layoffs be based on performance reviews?
10:28 – What companies are offering in separation and severance
13:20 – Strategy for layoff timing: do it immediately or give time?
13:42 – The Worker Adjustment and Retraining Notification Act
15:50 – The importance of a separation agreement
19:30 – Big takeaways
20:39 – Communicating with employees that are being retained
Have a guest or topic you’d like to suggest for the show? Submit your ideas here.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Friday Nov 11, 2022
Friday Nov 11, 2022
We won’t know the makeup of Congress for another month following the mid-term elections, but a slim majority for either party primarily will result in few big pieces of bi-partisan legislation. Gene Marks takes a look at a handful of potential outcomes on where the government will spend its money, who might benefit, and some other issues such that will impact businesses. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Nov 08, 2022
Tuesday Nov 08, 2022
The Equal Employee Opportunity Commission (EEOC) is the primary federal agency in charge of enforcing the employment discrimination laws in the United States. On this episode, Gene Marks is talking with Vice Chair of the EEOC, Jocelyn Samuels, about what small businesses need to know about the agency, including the importance of understanding discrimination laws, how being an inclusive workplace is good for business, why you should have anti-harassment policies in place, and much more.
Topics Include:
00:14 – Introducing Jocelyn Samuels
00:51 – Introduction to the EEOC
02:09 – Why is the EEOC important to employers?
05:25 – Inclusive workplaces are good for business
07:13 – Hot topics employers should be aware of
08:04 – Businesses that are exempt
10:05 – Having anti-harassment policies in place
11:28 – Being aware of retaliation
13:00 – Discrimination and technology
16:56 – AI-based software and biases
21:36 – How employees can report to the EEOC
27:37 – The impact of remote work on discrimination
32:59 – The EEOC is there to provide support
35:35 – Wrap up
Read more about harassment in the workplace at www.paychex.com/articles/human-resources/understanding-harassment-in-the-workplace.
Learn about some recent resources the EEOC has created related to sexual orientation and gender identity discrimination at www.paychex.com/articles/human-resources/eeoc-resources-sexual-orientation-discrimination.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Nov 01, 2022
Tuesday Nov 01, 2022
We’re kicking off Season 4 of Paychex THRIVE, a Business Podcast, with Congressman Ben Cline from the sixth congressional district in Virginia. Listen in as host Gene Marks talks with Rep. Cline about his proposed legislation, the Small Business Regulatory Flexibility Improvement Act, which is designed to help small businesses understand and comply with new regulations. Hear what inspired this bill, where the legislation currently stands, and how Congressman Cline hopes to help small businesses in the future.
Topics Include:
00:15 – Introduction to Congressman Cline
00:36 – The Small Business Regulatory Flexibility Improvement Act
03:16 – What inspired this bill?
05:30 – Where does the legislation stand?
09:25 – What will Congressman Cline do for small businesses?
Read more about the regulatory issues facing businesses at www.paychex.com/newsroom/news-releases/compliance-topics-related-covid-19-pandemic-top-regulatory-issues-facing.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Oct 27, 2022
Thursday Oct 27, 2022
With the U.S. Department of Labor’s recent proposed new rule, businesses might have to make some adjustments if independent contractors are reclassified. It could change how your business pays taxes, as well as increase your costs if these individuals must be treated as employees. Listen to our THRIVE Week in Review with Gene Marks podcast.
Learn more about tax forms for independent contractors at www.paychex.com/articles/payroll-taxes/filing-taxes-for-independent-contractors
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Friday Oct 21, 2022
Friday Oct 21, 2022
Bonus episode: Cybersecurity – it’s not just for big businesses. In fact, small businesses are often prime targets for cyber-attacks. On this episode of THRIVE, a Paychex Business Podcast, you’ll hear from Kristin Harper, Manager of Operations Security at Paychex, as she talks to Gene Marks about what you should know and what you can do to protect your company from cyber criminals.
Topics Include:
00:19 – Meet Kristin Harper
00:58 – Kristin’s job as Manager of Operations Security
02:49 – Cybersecurity in small business
04:39 – User education to prevent cyber crime
06:05 – What is phishing?
06:57 – Smishing: SMS phishing
09:54 – The rise of social engineering
10:46 – The impact of malware
11:59 – What to do to lower the risk of an attack
14:06 – Cybersecurity and remote employees
15:36 – Securing your home network and your software
17:38 – Should you be using security software?
19:30 – Cyber insurance
Find out more about cyber security as it relates to business at www.paychex.com/articles/management/cyber-security-and-a-secure-business.
Read more about the importance of cyber liability insurance at www.paychex.com/articles/human-resources/cyber-liability-insurance-why-your-business-needs-it.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Oct 20, 2022
Thursday Oct 20, 2022
The unemployment rate is at a 50-year low but there are still more than 10 million open jobs. That’s going to create competition for talent. Use every resource available, including the federally funded Work Opportunity Tax Credit, which can either reduce your income tax or payroll tax if you hire certain types of candidates such as military veterans or the long-term unemployed, to name a few. Host Gene Marks details some of the perks of WOTC in this week’s episode. Listen to the podcast.
Other resources
Instructions on Certification Process for WOTC
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Oct 13, 2022
Thursday Oct 13, 2022
With projected increases expected for workplace health plans, you have options to help manage the costs; health savings accounts, health reimbursement accounts or level-funded plans. Your business can even contribute more to employee health insurance costs and take a deduction. Gene Marks provides some insights that can help your business. Listen to the podcast
Other resources
HRA vs. HSA: Which is better to Offer Employees
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Oct 06, 2022
Thursday Oct 06, 2022
In the aftermath of Hurricane Ian, host Gene Marks shares some insights on how businesses across the country are not immune to natural disasters and should consider a business continuity plan. Having a chain of communication and a way to pay your employees on time are just two ways to get your operations up and running quickly in the event of interruption. Listen to the podcast.
Other Resources:
usa.gov: Contains website links to helpful information (funding, health and safety, and more)
sba.gov: Eligible areas and the types of available disaster loans
irs.gov: Impacted Florida businesses qualify for extended tax deadlines
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Oct 04, 2022
Tuesday Oct 04, 2022
As we close out season 3 of THRIVE, Gene Marks talks with Jeremy Bilsky, Senior Director and General Manager of Advance Partners about the current state of the staffing industry and how finding good talent is harder than ever before. Hear what Jeremy had to say about topics such as temp-to-hire versus direct hire, redefining employment, the impact of remote work on staffing, and much more.
Topics Include:
00:19 – An introduction to Advance Partners
03:14 – Staffing temp-to-hire vs. Direct hire
06:10 – Staffing independent contractors
07:55 – Redefining employment
12:00 – How staffing firms have done this year
15:57 – The impact of remote work on the staffing industry
19:05 – What Jeremy has learned over the past 19 years
24:23 – Jeremy’s insights on negative cash flow
27:52 – How the company provides financing
32:19 – The process for bringing on workers
33:20 – The importance of average days to pay
40:34 – The impact of rising interest rates
45:57 – Advice for those in the service industry
Have a guest or topic you’d like to suggest for the show? Submit your ideas here.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Sep 29, 2022
Thursday Sep 29, 2022
With interest rates going up another 75 basis points, and another increase expected, businesses are going to find loans and financing more expensive to secure. Gene Marks offers a few tips, including paying down credit card debt or looking to high-yield checking or money market accounts to let your money work for the business in the short term. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Sep 27, 2022
Tuesday Sep 27, 2022
With recently passed legislation, California is looking to improve regulations and rules for the fast-food industry. That’s why when it comes to policy changes in the fast-food industry, the state of California is turning to employees, employers, and other key stakeholders. Listen in as David Madland, Senior Fellow and Senior Advisor at American Worker Project for the Center for American Progress, talks with host Gene Marks about how this new legislation is working to raise standards in the industry, who will be the key stakeholders providing their voices on policy, how it will impact labor and labor costs, and so much more.
Topics Include:
00:20 – The Center for American Progress
01:41 – An introduction to David Madland
02:30 – New legislation in California for fast food industry
04:13 – The sectoral council’s impact on setting policy
05:20 – Providing stakeholders with a voice
06:49 – Who is a part of this committee?
08:10 – What are the concerns surrounding this legislation?
09:39 – Raising standards in the fast-food industry
12:55 – The possible impact on labor and labor costs
17:03 – Targeting big businesses or small businesses?
19:12 – Spillover effect to other industries?
22:16 – Outside the United States
Hear more about this new legislation out of California and its impact on the fast food industry.
Thursday Sep 22, 2022
Thursday Sep 22, 2022
With the U.S. Energy Information Administration forecasting a 16 percent increase in energy costs in 2023 – higher for some regions such as New York state that could see a 124% increase – businesses should control what they can. Gene Marks offers a handful of tips, some as simple as changing light bulbs, to help businesses prepare. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Sep 20, 2022
Tuesday Sep 20, 2022
Despite the Great Resignation, startup businesses are booming. Why is this? Stephanie Gorski, Strategy Managing Director/Partner at Accenture has some thoughts. Listen in as she talks with host Gene Marks about the recent study from Accenture, the changing business owner demographic, and more.
Topics Include:
00:20 – An introduction to Stephanie Gorski
01:37 – Small businesses are not enterprise businesses
05:28 – Accenture’s study on startups
07:54 – How startups came to be during COVID
10:33 – Giving your employees the opportunity to pursue passions
13:35 – Would COVID have had the same impact 10 years ago
15:07 – What factors hold people back from starting up businesses
17:18 – The unglamorous side of starting up a business
18:27 – How this data will be helpful to businesses
20:08 – The changing demographic of new business owners
22:34 – Stephanie Gorski’s passion
Thinking about starting a business? Learn what you need to know before you do at www.paychex.com/articles/startup/things-to-know-starting-business.
Use this start-up guide to play your new business. www.paychex.com/secure/whitepapers/plan-your-business.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Sep 15, 2022
Thursday Sep 15, 2022
After a survey revealed that 54 percent of small businesses expect their revenue to increase in 2023 despite inflation, host Gene Marks takes a look at ways to accomplish this. He offers several tips on using a Customer Relationship Management system, communicating with customers, and focusing on forecasting. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Tuesday Sep 13, 2022
Tuesday Sep 13, 2022
What is on the minds of small business owners? That is what Microsoft went out to find in their Small Business State of Mind study. On this episode of THRIVE, a Paychex Business Podcast, host Gene Marks is talking with Travis Walter, Microsoft Stores Vice President of Retail. Hear what he had to say about what this study found, including the impact of Generation Z, navigating inflation issues, why cybersecurity should be at the top of your mind, and more.
Topics Include:
00:29 – Introduction to Travis Walter
01:56 – The Small Business State of Mind report
02:17 – The emphasis on Gen Z
04:47 – Biggest threats to small businesses
07:33 – Navigating inflation issues
09:25 – The importance of using the services you have
12:47 – Cybersecurity risk for small businesses
14:41 – The new startup trend
18:11 – The most popular Microsoft products
Have a guest or topic you’d like to suggest for the show? Submit your ideas here.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Thursday Sep 08, 2022
Thursday Sep 08, 2022
California could be trendsetting or setting up businesses for more challenges with the signing of a law that regulates the fast-food industry. A council would have the power to increase the minimum wage and change safety standards. It gives employees a seat at the table. It gives all businesses something to consider. In this week’s episode, Gene Marks discusses the pros and cons. Listen to the podcast.
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.