beyond the Numbers
October 2021
Happy National Women's Small Business Month
From our own woman-owned small business to yours, we want to share the love! In the past 30 years the number of woman-owned businesses in the United States has grown to nearly 13 million.
Women of color making up the majority of that 13 million, now sit atop as the fastest growing group of entrepreneurs. We are so proud. Keep up the good work ladies!
To read more about how to get involved or support these businesses click here.
Open Enrollment Season is here! Is an ICHRA right for your business?
ICHRA’s allow businesses of all sizes to reimburse employees for their health care expenses. What does this mean for your employees? That they can choose a health insurance plan that works best for them and you are then able to reimburse them tax-free for premiums and health care costs.
As a business you are able to divide your team into different “employee classes” each with its own reimbursement amount, essentially tailoring the reimbursement amount.
If you have questions on what employees can get reimbursed under an ICHRA, what the requirements are as an employer, how it compares to other health care benefits packages, and affordability, click here.
A Guide to Employee Benefits Packages for Startups
As a startup or small business one of the challenges faced is how you compete with established firms to attract the top talent in your field, but with shallower pockets. One of the ways to do that is to develop a competitive total compensation package that includes comprehensive health benefits.
Click here to read the answers to questions every startup or small business has when faced with this challenge:
1. What benefits do I have to offer?
2. Which benefits are voluntary?
3. What benefits do employees want?
4. What benefits can you afford?
5. What happens when your business starts to grow?
Reminder: Open Enrollment Deadline
If your employer doesn’t provide health benefits and you need to buy insurance on the marketplace, open enrollment for 2022 runs Monday, November 1st 2021 – Saturday, January 15th, 2022. Enroll by December 15th, 2021 for coverage that starts January 1st, 2022.
Want to share your story?
On the Books Recommendations
(Books, Podcasts, and More!)
October Book: We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power
Rachel Rodgers – a mother of four, attorney, business owner, and self-made millionaire is here to share the lessons she’s learned both on her own journey to wealth and coaching hundreds to women to theirs as well. Click here to start reconstructing your attitude about money and claiming your power.
Upcoming Events:
NC Tech Awards Gala 2021 – November 3rd @ 5:30-9:30pm – An evening celebration where innovation, growth, and leadership will be recognized. The even includes a reception, dinner, and awards ceremony.
Carolina Startup Connect 2021: Connecting with Diverse Startup Founders – November 4th @ 4:00pm – For both students and startup leaders, these two events will help startup companies that are interested in seeking interns and building relationships.
Share the love!
Our best form of advertising is word of mouth! We are looking to add a few businesses to our client list in 2021, so please send your referrals our way.
We’d also really appreciate an online review if you’re willing! You can submit a Google review by clicking the button below.
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and everything On The Books!
and everything On The Books!
