The answer to this question may seem as simple as ‘Duh, I withdraw it from my small business account’ but, unfortunately, the reality is a little more complicated. As a business owner, you have two main options for taking home a salary.
Your company will benefit from an internship program if it’s a priority for your business, structured, and provides students with the supervision they need to be successful. By also providing adequate training before the program begins or hosting an intern orientation, you’ll see even better results. The more resources your company is willing to put toward the internship program, the better it will be. The better the internship program, the more competitive it will be. And the more competitive the program, the stronger the applicant pool.
If you have a great program, you’ll attract great students.
Fresh Perspective
Drawing perspective from anyone outside of your industry, team, or day-to-day operations often courts surprising inspiration. Properly-executed internship programs are no exception. Bringing in students who don’t see your company from the inside every day opens up an opportunity for fresh perspectives on your business, strategies, and plans. To maximize these potential benefits, make sure to include interns in brainstorming sessions and encourage them to speak up in meetings. Attending brainstorms is often a favorite among interns, so it’s a win-win for both parties.
Trying to run a business without managing cash flow is like trying to paddle a boat without an oar. Even if you succeed, it will be an upstream exercise guaranteed to wear you out. Cash flow is important for all businesses, but it is critical for early startups.
Last weekend, I wanted to watch a movie with my family. My wife was constantly asking me if I booked the tickets. I took my phone out from the pocket, opened the BookMyShow app and booked the tickets in few minutes.