Small businesses are the heartbeat of an economy. Done well, they can meet a needed service in a community and create significant wealth for the entrepreneur who started it. Done poorly, the small business dream can turn into a nightmare.
There are many things that go into making a small business work. Good leadership, quality employees and proper systems all with help contribute to small business success. And one of those systems that must operate well is the payroll system.
One option for a small business with several employees is to secure a payroll service instead of doing it themselves. This could be really crucial in the early days of the business. It would allow the owners to spend more time focusing on the day to day operations.