Browsing Tag
overhead costs
7 posts
How Cloud Technology Enables Budding Entrepreneurs to Work Smarter
There is no doubt that cloud technology continues to grow in popularity; we’re using it in our personal lives more than ever before, and businesses are adopting cloud infrastructure and applications to improve workplace collaboration, productivity and even security. Paving the way for a new wave of business leaders One great thing about the cloud...
Why a Service-Based Business is a Great Model for Young Entrepreneurs
Millennials and Gen Z are the perfect small business owners. They like to be independent, expect more lifestyle freedom than their parents, and have the digital chops to manage a business online. Forty percent of millennials and 53 percent of Gen Zers freelance. If you’re a young person exploring the world of entrepreneurship, you might...
6 Tips for E-Commerce Entrepreneurs Who (Eventually) Want to Cash Out
Almost three years after starting my journey into e-commerce, I was sitting at my kitchen table with two accountants from a larger retailer who were acquiring my business. They were scanning my inventory to audit my records, going over bank statements, sales data, inventory reports and more. A few weeks later, we finalized the deal....
8 Signs Your Startup Will Fail Within the First 5 Years (and How to Avoid it)
You're finally ready to launch the business you've dreamt about for years. You have a real passion for what you're doing. Unfortunately, that may not be enough to succeed. The first few years of business are like the honeymoon phase: You're excited about the possibilities and busy learning the ropes. Failure rates are lower during...
3 Challenges Every Entrepreneur Must Face and How to Overcome Them
The circumstances of starting a business vary greatly, depending on the business model. In my own entrepreneurial journey, I started out as a solopreneur with just my skills and my laptop. No matter how you start, there are a number of challenges every entrepreneur must face at some point. Here are some of the most...
5 Things You Need to Know Before Hiring Remote Employees
Remote employees are no longer an anomaly. In a recent survey by Gallup, 43 percent of surveyed Americans said that they spent some time working remotely, a 4 percent increase from 2012. What’s more, the benefits of hiring remote workers are difficult to ignore, including decreased overhead costs and increased productivity. Benefits aside, remote workers...
4 Cash Flow Leaks That Are Keeping Your Startup Broke
Cash flow can make or break a business. According to research, 82 percent of businesses fail because of cash flow problems. In other words, there’s more money going out than coming in. Since we’re in the middle of tax season, now is a good time to see where you may have some cash flow leaks....