Mar 23, 2020
In episode 241 of Financially Simple, Justin talks to Biren Patel, owner of Biren Patel Engineering, about running a business with a remote workforce.
With the outbreak of the COVID-19 virus, many businesses have shifted to a remote work-from-home setup for their employees in order to reduce the spread of the virus. Justin and Biren discuss setting up a business with a remote workforce, the pros and cons of the system, and important things to consider as a business owner when using this work model.
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01:24 - Ask Justin featuring Biren Patel: How to Run a Business with a Remote Workforce
02:56 - The How & Why of Having a Remote Workforce
04:35 - The Remote Work Experience
06:21 - Tips to Separate Work from Home Life
08:51 - Does a Work-From-Home System Help Attract and Retain Employees
11:54 - Best Practices for Businesses and Employees
16:32 - Are Different Performance Metrics Required
17:57 - Remote Communications
21:14 - Insurance
22:29 - The Importance of Having a Great Team
23:41 - One Piece of Advice
26:02 - Wrap Up
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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.