A popular misconception in the business realm is that only the big and established brands require the help of project management tools. As a result, some entrepreneurs, especially those at the outset of setting their business off the ground, undervalue the immense power of project management tools.
Disregarding your business's...
The past few years have revolutionized how we perform in the workplace and our personal lives. Limitless disruptions, disruptive innovations, and the shift to virtual, remote, or hybrid work models make it increasingly challenging for entrepreneurs and project managers to track their team members' time.
Although it's pretty elementary to...
2020 might have been a rough year for businesses, and your small business could still be taking time to recover. But to keep your small business going, you must understand your small business’s finances and manage every aspect of these finances.
Among other reasons, lack of proper financial management is...
Besides achieving independence and financial success, entrepreneurs can have varied objectives and mottos that change with time. But ultimately, the core objective of every business owner is to see the venture they've put many resources into, gain traction and secure an optimal level of success.
And what's a more lucrative...
Being on top of your startup's finances and taxes is paramount to ensure the maturation of your entity. The knack of navigating financial statements, maintaining accurate financial records, and understanding your tax obligations will go a long way in ensuring your growing venture stays on the right side with...
No matter the industry your startup is in, one of the keys to success is having a solid and robust connection with your customers. The more unhappy your customer base is, the faster your business will close its doors.
That means going an extra mile than just providing a service...
Have you incorporated influencer marketing into your startup’s marketing strategy? If not, it’s time to start thinking about it. While at it, what type of influencer marketing are you using or thinking of using?
First, integrating various marketing techniques in your startup’s operation will propel your growing venture into scalable...
While the number of female entrepreneurs has been low over the years, many countries are experiencing increased growth in female entrepreneurs. In fact, recent studies show that the number of startups that seek funding that have at least one female as a founder has improved. The number has risen...
In this fast-paced modernization era, businesses of all sizes appreciate the immense potential of hiring third-party services and, in particular, extremely qualified talent to handle most of their operations. Popular sites such as Upwork, Freelancer, and Fiverr are just some of the prevalent sites for outsourcing skilled freelancers to...
The past two years have revolutionized the way of working. As a result, many businesses have had to evolve how they handle their operations according to pandemic guidelines. A decade ago, most of the global workforce was hardly acquainted with hybrid and remote work models.
However, the height of the...
Cloud storage, which is off-site storage maintained by third-parties, has caught on over the last decade. It is not hard to see why many companies move their data storage to cloud-based, from the versatility to access data to the security.
Here’s why you should join the bandwagon and move your...
Seeing the venture you have put many resources into gaining traction and securing an optimal success level is the core objective for all entrepreneurs. Still, it's not a forte most business people excel in.
Scaling your startup to the next level isn't a walk in the park. You have to...
Insubstantial funds at the beginning are a significant impediment hindering the maturation of many startups. In addition, a startup operating cost can be overwhelming, making it difficult for your yet-to-be-established venture to keep its doors open. Therefore, it's paramount for all startup owners to be savvy in reducing business...
The majority of startup owners may face financial challenges in the pursuit of getting their new business off the ground. While most entrepreneurs consider traditional financing options as the ideal source of business financing, small business owners have become increasingly problematic to get funding from banks.
In some cases, your...
As a startup owner, it’s essential to track specific metrics to take your organization to a new level. Unfortunately, a prevalent mistake some entrepreneurs make, especially after launching their venture, is focusing solely on revenue and profits.
Don’t get it wrong. Yes, keeping track of your startup’s revenues and profits...
New age might just refer to alternative approaches to the western culture, but it provides several avenues to entrepreneurship. When looking for business ideas, one is no longer stuck in the old school thought of business. With the new age belief that includes belief in physics, astrology, reincarnation, and...
Raising money to get your startup off the ground is often the most significant impediment for your growing venture on the path to securing a solid chance of success. And it's no surprise that's usually where even the most creative and promising startups bite the dust.
However, with a proper...
Employee motivation brings out the best in your team and ultimately plays a critical role in your startup's maturation. In a day and age where the competition to attract and retain high-quality talent is skyrocketing, entrepreneurs must be wary of the appropriate practices to keep their current and future...
Few entrepreneurs pause to think about their startup's legal implications as long as the business is up and running. Sooner or later, they will be paying for such mistakes, either as individuals or the company itself.
This year, ensure your business runs smoothly by avoiding the below common legal mistakes...
Incorporating various marketing tactics in your startup’s operation will play a vital role in ensuring your startup keeps its doors open. Email marketing, conversational marketing, social networks, and viral marketing are just some of the most powerful yet cost-effective marketing techniques for generating leads and scaling your startup.
Also, in...