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5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Unfortunately, even today, building a good product doesn’t guarantee you a business. Most entrepreneurs realize and budget for the additional costs of incorporating a business, marketing, equipment costs, and manufacturing. Then there is the need for more substantial business accounting, database, and social media monitoring.

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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

Having street smarts with no inspirational ability to build teams can yield a great small business but will be difficult to scale into a large VC-backed business. And we all know the fables about how people used to start businesses by taking a second mortgage on their home or by running up credit card debt.

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25 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

My first business, a digital agency called MPSWORKS, came about purely based on demand for digital services and to generally help make a difference for small businesses across the UK by creating strong work that would help them prosper. With this database, we now use AI to create customized skincare formulas for our customers.

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Best Online HR Management Tools Every Company Needs

YoungUpstarts

Help to automatically calculate salaries for employees, generate tax reports, processing direct deposits among other functions. Small business requires HR Software as much as big business. The following HR software is a good fit for small business. Payroll software. Benefits software.

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3 Tips on How to Recruit Your First Remote Team

Up and Running

Create a candidate database and update it frequently. For example, be sure to add employee benefits and salaries to make the offer more attractive. Of the things all job seekers want to see on an offer, 74 percent want to see salaries and 61 percent want to see benefits. You already know the candidates are talented and relevant.

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Crafty Tricks for Maximizing Legal Help

Up and Running

But even that is a stretch for a lot of businesses, especially in light of 2016 salary predictions for mid range general counsel being between $111,500 and $217,750. It’s not uncommon for business owners to wing it, thinking they’re okay not hiring an attorney to assist with general day-to-day guidance.

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How to Start a Business: A Step-by-Step Complete Guide (2019)

crowdSPRING Blog

Any information that helps support your business idea goes here, including market studies, legal agreements, photos of your products, and more. For more information about how to create a business plan, the Small Business Administration has you covered. Click here to see their complete guide to writing a business plan.