Michael Saltzstein

Image source: ft.com Michael Saltzstein firmly believes that most of the successful business leaders in the world have similar mindsets. One of these mindsets is the determination to acquire and develop new skills continuously. For this blog, Michael Saltzstein shares three crucial skills, which the most successful entrepreneurs have developed throughout their careers. Hiring and managing effectively : While hiring and managing people are skills that every entrepreneur should have before they even set up their first business, hiring and managing people effectively is a different matter altogether. A company goes through different stages in its existence, and develops many moving parts, knowing how to hire and manage people throughout these stages and in the various departments and teams is a key leadership skill.  Image source: news.blr.com  Utilizing the latest technology : Almost every business today is driven by technology. On the downside, so many co...

Image source: thehartford.com So much finance is necessary when starting a business that it can sometimes leave the entrepreneur vulnerable. While businesses are always a sort of gamble, it shouldn’t have to be one that goes all out where the loser has to lose everything. This is one of the reasons why entrepreneurs should have their businesses insured, says business expert Michael Saltzstein. Here are other solid reasons why you should insure your business. Protect your personal finances : If an uninsured business faces sudden hardships, entrepreneurs could be forced to use their personal funds to repair the sinking ship. For example, a business that’s sued for whatever reason will always assume that the owner be personally liable because of their level of involvement in the business. Not having insurance could wipe your finances clean with just legal fees alone. Image source: forbes.com It’s inexpensive compared to other expenses : Financial literacy isn’t taug...