Startup owners must always be on top of their venture's finances and taxes to ensure efficiency, higher chances of obtaining financing, and, importantly, seamlessly identify risks and opportunities for the business.
Although it might not be complex to keep track of your startup financial statements and maintain accurate financial records...
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...
Given the success rate of startups, 10%, it's reasonable to gather why entrepreneurship isn't a forte many people excel at. But, contrary to what some individuals might perceive, businesses do not crumble overnight or rather suddenly. Instead, it's a gradual and almost inappreciable process that business owners might fail...
Vieni is a transport startup, it plans to Uber up the old ways of group transport. This startup plans to address the gaps in the group transport market. It is taking the conventional model of organising group travel and making it much more efficient and cost-effective for both the...
Negotiating and closing a business deal successfully is a must-have skill for all startup entrepreneurs. Hardly ever is it something you will learn as part of any school curriculum. Yet, your startup will need hundreds, if not thousands, of business negotiations that you have to close down successfully.
To some...
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...
In this fast-paced modernization era, entrepreneurs must adapt to the ever-evolving technological perks for their venture to remain relevant and gain traction. Social media marketing through influencer marketing, advertising on Facebook and LinkedIn has enabled businesses to attain optimal visibility, increase lead and sales, and expand their outreach.
There are...
Starting a company is one thing, but finding the right talent to hire for various tasks is one of the headaches most startups have to deal with. For starters, the compensation package of most startups is no comparison to what established companies offer. This makes it a bit challenging...
Startup owners must be savvy about their venture's insurance needs to guarantee more financial exposure in a loss. Better, you can be one step ahead by getting your startup an extra layer of coverage over your primary insurance.
That's where a commercial umbrella policy comes into play. It's almost impractical...
Turning your idea into a viable venture is just the beginning. The next impediment you have to get across is finding the appropriate persons willing to spend on the products or services your startup is offering.
Your startup finding its right customers and attracting them at an early stage guarantees...
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...
Insufficient prowess is a top reason why many startups close their doors. Finding suitable candidates to handle the venture's critical operations can be intimidating for most emerging startups and SMEs. Making a bad hire can be expensive and detrimental in the long haul.
Unfortunately, there isn't a one-size-fits-all approach to...
Being aware of various technological perks and embracing the relevant tools gives your startup a competitive edge in the marketplace and bolsters its chances for success. What's more, progressive improvement and automation, especially in marketing strategies, are essential aspects that will ultimately lead to any venture's maturation.
Marketing funnels are...
In a day and age dominated by digital commerce and ever-evolving technological perks, entrepreneurs must wear various hats to keep their venture’s door open. Therefore, you ought to be aware and capable of embracing all the suitable perks that will ultimately ensure the maturation of your startup.
Adopting advanced technological...
It's reasonable enough that every entrepreneur intends to maximize the startup's value they have put many resources into while still ensuring that the overall selling costs are at the bare minimum.
Other than understanding the difference between value vs price, unexpected bills and taxes will determine what your net sales...
The E-commerce space is hitting record highs, even after the roof-shattering sale records sites like Amazon had at the onset of the Covid-19 pandemic. As more companies go digital and allow employees to work from home, easy access to e-commerce for various purchases is becoming a household favorite.
Not only...
Thanks to advancements in technology and more businesses being open to new ideas of a working environment, it is okay for a business to have a virtual presence. If anything is to go by, the 2020 financial year has brought about massive changes in the way businesses operate.
Businesses might...
Did you ever play a bet with friends, which soon after the result was announced was conveniently "forgotten"? I find it uncomfortable to make good friends cough up the dough for bets. When is a bet, hypothetical or serious? No more arguments about this. Playzoola is here to save the...
As stated in a previous post, pre-employment testing can be an important aspect of scoring the best candidates for your startup. Apart from attracting excellent talent, it also helps enhance your new business’s productivity, performance, and objectivity. Making a wrong hiring decision will not just cost you a bad...
