Felicia Harris, CEO of EverythingHR and EverythingHR Financial Services, discusses financial wellness for both business owners and employees. For employers, she explains the ins and outs of financial stress and urges staying balanced and healthy. For employees, she also stresses maintaining a healthy lifestyle and explains a variety of available resources to help with financial stress.

Many businesses fail in their first few years of business. This is often because of poor financial planning.Harris gives a brief overview of financial landscape terminology, including expansion, contraction, recession, and the recovery phase.The “stress test” for financial planningWhy you should develop a financial plan and a relationship with your bankHow to set the culture for wellness

Take breaks, offer healthy snacks to keep energy levels upMake sure to take care of yourself personally.Small business owners are more likely to hold onto employees during economic downturnsResponsibility of employees to manage their own finances, but employers can provide a financial wellness program and tax advice.Employers should also focus on their health and find balance.

Resources:

Financial Planning Association - fpa.orgScore - Free Small Business AdviceVeteran’s Business Outreach Centers - around the nationSmall Business Development Centers - around the nation

EverythingHR -  Twitter, LinkedIn

www.EverythingHRFS.net