August 24, 2022
On this day in 2006, the International Astronomical Union (IAU) demoted Pluto to “dwarf planet” status. We’re still waiting for justice.
In this week’s edition, we’ve got some philosophical battle royales:
Kim said it best.
We admire your commitment, but some of us want to do that world tour in our golden years. But saving for retirement as a business owner is different than when you work for someone else. In fact, 34% of entrepreneurs have no retirement savings plan.
Who can save money? I’m putting it all back into my SMB.
That’s actually pretty common — after investing so much time and energy building your business, extra cash can seem like an opportunity to further establish your SMB. Some owners even bank on growing their businesses enough to sell down the line — their version of a retirement investment.
But, it’s a gamble, especially when you consider what could go wrong. Your business could fail, your health could suffer, or your business could sell for less than you expect. For these reasons you should consider squirreling a little away for your golden years.
Okay, what are my options?
There are a number of retirement plan options for SMB owners, like a traditional Roth IRA or a solo 401(k). Determine how much you can afford to save — even 1% will build up over time — and make your retirement savings a priority.
Those burning business questions keeping you up at night? Here’s your shot at getting them answered! Because we’re inviting the who’s who of entrepreneurs to share their proven playbooks with you at Playbook 2022.
Ask Saysh founders Allyson & Wes Felix and marketing whiz Seth Godin anything you want to know about growing and scaling your business during this year’s live Q&As. Plus, hear from the people behind today’s fastest growing companies like Basecamp, Hubspot, The Giving Keys, PandaDoc, Little Spoon, and The Cupcake Collection.
This event is FREE (yep, still free), totally digital, and completely candid. And it’s all going down September 21-22.
👉 Register now.
👀 Keep an eye on your inbox later this week for another big speaker reveal!
BOOK SMART VS. STREET SMART
Hint: It’s not IQ.
If you think a high IQ score will auto-lead you to small business success, think again. Studies show that those with high EQ (emotional intelligence), who lead with self-awareness and empathy, are better at overcoming economic turns, building better workplace relationships, and team motivation.
Sounds important. Do I need to improve my EQ?
Your ability to recognize the emotions of yourself and others, display empathy, and communicate thoughtfully are good indicators of your EQ. But even if you think you’re a pro, chances are good you can still improve your EQ at work.
Here are a couple of ways to get started:
Sweet! But what about my employees — can I help them improve their EQs?
Absolutely! Here’s how:
When DE&I is more than just… DE&I.
Most businesses are familiar with the benefits of diversity, equity, and inclusion efforts. But they’re less aware of the advantages that come with hiring neurodiverse employees.
Neurodiversity is broad, but in general, it refers to individuals:
For SMBs, there’s a great advantage to having neurodiverse employees. They bring new ways of thinking to your team, and some neurodiverse candidates have stronger skills — like pattern recognition, memory, or attention to detail — than their neurotypical colleagues.
Because companies often overlook neurodiverse employees, the unemployment rate for the community is much higher than the general population. In the U.S. alone, an estimated 85% of people on the autism spectrum are unemployed (compared to just 3.6% overall).
Luckily, more companies are incorporating neurodiverse programs into their workplace, including Microsoft, Hilton, EY, JPMorgan, and Chase.
And your SMB can do the same. Here’s how: