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When Should a Small Business Hire an Executive Team?

Up and Running

As you find your footing and begin to scale, you might feel ready to hire a formal executive team. What’s right for one company may not make sense for another, but the goal is always the same — to hire talent that will ultimately help the business thrive. When is the right time to hire an executive team?

CTO Hire 163
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10 Strategies To Avoid Bad Risks In Your New Venture

Startup Professionals Musings

Find a strategic partner to accelerate growth. Trying to save money by recruiting family members, or hiring only interns, is a bad risk. Don’t rely on conservative forecasts to reduce risk. Investors don’t fund conservative forecasts, nor wildly optimistic ones, since both imply a lack of commitment or homework.

Forecast 304
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4 Essential Hires If You’re Starting a Business in 2020

Up and Running

It might seem easier to put off thinking about your first essential new hires. Try to do it all and you’ll spend a lot of time learning new skills (that you’ll eventually hire for) when you should be focusing on growing your business. Hire someone who understands Generation Z (or your target demographic). A marketing maven.

Hiring 77
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Better business forecasting – Part Two

NZ Entrepreneur

In Part 1 of this two-part series on forecasting, we discussed why it’s important for any size or type of business to get into the habit. Then we looked at four ways to help improve your forecasting accuracy. Does the forecast stack up when you express it in non-financial terms? Step away from the forecast.

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10 Manageable Risks That An Entrepreneur Should Take

Startup Professionals Musings

Find a strategic partner to accelerate growth. Trying to save money by recruiting family members, or hiring only interns, is a bad risk. Don’t rely on conservative forecasts to reduce risk. Investors don’t fund conservative forecasts, nor wildly optimistic ones, since both imply a lack of commitment or homework.

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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

The Startup Magazine

Partnerships share income and losses among partners, affecting individual tax brackets. Planning For The Future Forecasting is crucial in small businesses’ strategic tax planning and financial stability. Seeking Professional Help Navigating the complexities of business taxes requires expertise beyond basic financial knowledge.

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14 Tips for Starting a Successful Business

Up and Running

Diving into the financials, dealing with vendors, the hiring process, or a variety of other tasks—no one is passionate about every facet of business operations. With this information, you can forecast the viability and profitability of the business. Find the right partners. Recommended Reading: How to forecast cash flow.

Forecast 154