It takes a lot of self-confidence for an employee to approach their employer for a raise — and a lot of decision-making confidence as an employer to decide which reasons to to give and employee a raise or not.

There’s no playbook for managers and business owners to know how to gauge whether an employee deserves a raise or not. Deciding whether an employee deserves to earn more can be approached in several different ways. From the addition of value to the team support they provide, each plays an integral part in determining whether a raise is warranted — but there are other factors to consider as well. That’s why we asked 10 entrepreneurs from Young Entrepreneur Council (YEC) the following:

“An employee has recently talked with you about getting a raise. What is an important factor to consider before deciding whether or not to give them one? Why

Shopify (NYSE: SHOP) has launched a new money management solution with a deliberate seller-centric approach. Known as Balance, the money management solution includes a raft to tools to help merchants run their business more effectively. The tools include a business account, business card, rewards, and no monthly fees.

Shopify Balance Money Management System

Shopify’s new money management solution is designed to help small businesses manage their business finance and cash flow in one convenient place.

The current climate of consumer uncertainty places great challenges on merchants and small businesses. Balance maintains Shopify’s aim to help solve the biggest problems entrepreneurs face. With tools to help merchants grow and manage finances more efficiently, Balance aims to nurture entrepreneurial growth during these challenging times.

A One-Stop-Shop for Banking

In a press statement, Shopify points to how many small businesses use personal bank accounts for business purposes. Such practices are