It's an awesome problem to have: your freelance business is now generating enough word-of-mouth to keep you working for a long time. In fact, it's given you more clients than you can possibly handle within a 40-hour workweek. Sure, you always have the option of turning down clients, but what if this does nothing to stem the tide of incoming work? The obvious solution is to delegate work to a cadre of freelancers like yourself, and turning what was once a humble solopreneur business into a...
Starting a business can be an overwhelming process. Business plans, leases, financing, legal documents — and monthly budget sheets. Granted, you’d almost certainly rather spend time refining your product, talking with happy customers, or honing your investor pitch than hunch over spreadsheets, calculating the seemingly impossible amount of money it’s going to take to get your business off the ground. But budgeting is absolutely essential to your success.
How does a monthly budget works...
“When in doubt, simplify.”
― Eric Ries, The Lean Startup
Small businesses are always pushing to drive profits and increase sales, but few fledgling firms truly know the ins and outs of cutting costs to maximize profits. Here are three ways you can effectively cut costs for your small business while keeping operations running smoothly.
1. Switch to Free
Why pay when you don’t have to? Here are some normally costly practices that have free counterparts:
Move your IT to the Cl...
When you're a small- or medium-sized business, you typically have less manpower to get all your work done. This means you need all your employees to be as productive as possible to make sure you meet all your quarterly goals.
Here are some tips and tools to write into office law to help your employees make the most of every day without spending a fortune:
Tips for Creating a Culture of Productivity
1. Have a mandatory meeting-free day
It's all too easy for employees at companie...
Launching a startup is no walk in the park. Once you decide to follow your dreams, it's a long marathon to success. Luckily, you're not the first person to take on the challenge.
Read these inspirational quotes from well-known founders and CEOs for actionable startup launch advice. They cover everything from finding your niche to the most dreaded topic: money matters.
Want to inspire other startup founders and hopefuls? Share this infographic on your blog using our embed code:
"Maybe you can’t grow as quickly as you’d like to, but [...] you only have yourself to answer to."
—Nick Woodman, founder and CEO of GoPro
In 2002, on a surfing trip to Australia, a simple thought popped into Nick Woodman's head: wouldn’t it be great to have a camera that could capture what it was like to ride a barrel wave? The idea latched on and wouldn't let go. Woodman scrounged up $265,000 to develop a wrist-strap camera, borrowing from his parents and tapping his savings. He took h...
Entrepreneurs are generally confident people, and yet most confess to experiencing tremendous anxiety when it comes to pitching investors. Standing in front of a group of people who can make or break your company and asking them to invest money in your business is an intimidating prospect.
How do you start your deck? How long should you present? What kinds of details do you need to include? How do you make a good impression?
Well, who better to give advice than the very people you'll be...
When you pour your heart and soul (and wallet) into your startup, you want to see it succeed. But did you know that half of all new businesses in the U.S. fail within the first five years? If only you could ask all those entrepreneurs what went wrong. Or collect all their experiences to learn from common mistakes and make your own business stronger!
Well, you're in luck. Venture capital and angel investment database CB Insights recently studied 101 startup post-mortems to discover the most...
Choosing the right project management tool for your small business can be a daunting endeavor, especially if it’s your first time venturing into project management territory. Which features are must-haves for small business teams? What exactly should you be looking for in a PM tool?
Take a page out of someone else's book. Software Advice asked hundreds of small business owners which features they found most important in a project management tool. Check out what they had to say so you can...