Starting a business always makes for a good story. However, not all of these stories have happy endings. About half of small businesses close their doors in five years or less. The reasons for this vary, but a major factor is lack of planning. If you are going to start a business, it’s important to […]
5 Common Business Pitfalls and How to Avoid Them
If you’re an aspiring entrepreneur, you’ve been told dozens of times that most startups fail within the first five years. But, no one has told you why. At least one of these reasons is the main culprit behind the demise of every failed startup. Luckily, all of them are preventable. Small businesses are vulnerable. Whether […]
6 Accounting Challenges Faced by Startups and How to Overcome Them
When starting a new business, the field of accounting can seem downright frightening to most. Especially so for startups as they face challenges that make it more difficult to get off on the right foot. Starting our own business will undoubtedly give us a low of challenges and accounting is just one of them. Accounting […]
When Should You Resort To Using PEO (Professional Employment Organization)?
Hiring the right people to fill the right positions is an essential step in building a business. With a good team, it becomes easy to work collectively towards achieving the set goal of the business. Several options are available to owners when looking to hire new employees into the business. The first, and what looks […]