article thumbnail

5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Image via Flickr by Phil Gyford Starting a new venture still costs real money, even though the entry price has come down dramatically in last few decades. For example, I come from a software background, and back in the early PC days, it could easily cost half a million dollars for a team of professionals to produce a commercial product.

Cost 264
article thumbnail

Why Small Businesses Should Get Business Insurance

YoungUpstarts

An employee could get hurt while on the job, a client file a lawsuit, or a natural disaster could destroy your business premises and equipment. For these and many other reasons, it’s fundamental to protect your business. Small business insurance is a remarkable way to protect your business. It is Required by Law.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . Let’s take that innovative new business idea and walk through all the requirements you need to consider to successfully start a business that’s legally recognized.

article thumbnail

5 Cost-Cutting Strategies That May Cause You to Spend More

Up and Running

In fact, some of the biggest company expenses start off as cost-cutting measures. Cutting costs vs. cutting corners. Unnecessary business spending doesn’t only take the form of trendy marketing gimmicks, excessive travel expenses, and outrageous client-nurturing projects. Are you cutting costs or merely cutting corners?

Cost 150
article thumbnail

4 Business Costs That You Might Be Able to Save Money On

The Startup Magazine

The problem here is that each business is different; one expense for one industry might be significantly larger than the next. So, here’s a list of the most common business expenses so that you can be aware of them and most importantly, prepare yourself for them.

Cost 124
article thumbnail

A Guide To Outsourcing Services For Startups

YoungUpstarts

The good news is that there are firms that offer quality financial services, including small business tax preparation. Small businesses can hire such firms and get quality services on a pay as you go basis. This means that companies do not have to keep an expensive in-house team idle and still pay them big salaries.

Startup 238
article thumbnail

7 Reasons A Small Business Should Hire Advisors 

YoungUpstarts

The right advisor can have a greater impact on the success of your small business than any other hire you ever make. Here are seven ways that advisors can immediately help your small business achieve the next level of success: Assist With Strategies & Connections to Have Record Revenue & Profit in 2016.

CTO Hire 100