article thumbnail

10 Remote Staffing Blunders That Will Cost You Dearly

Startup Professionals Musings

These days, it is almost impossible to find a small business where everything is done by full-time employees, in the office or at home. These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure. Hire and train your own managers for internal and external work projects.

Cost 346
article thumbnail

How to Use Strategic Partnerships to Grow your Small Business

Up and Running

Whether it’s sponsorships, co-branded products or exclusivity deals, for many businesses to grow a partnership is as inevitable as acquiring funding. But what if you own a small business? Does partnering with other businesses make sense? What are the advantages of small business partnerships?

Insiders

Sign Up for our Newsletter

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

article thumbnail

7 Advantages That Local Small Business Owners Enjoy

Startup Professionals Musings

According to recent statistics from the Small Business Administration (SBA), this approach still accounts for 99 percent the businesses out there today. As the total owner of your own small business, you have maximum control of where and how to spend your time and money. Use flexibility to match your lifestyle.

article thumbnail

5 Things Every Small Business Should Know About Payroll

YoungUpstarts

All of this work is encouraging some small business owners to outsource managing payroll. When a new employer starts hiring, he needs to fill out an IRS W-4 form. New Hire Reporting. Did you know you have to report all of your new hires to your state within 20 days of them beginning work? Employer or Contractor?

article thumbnail

10 Outside Staffing Quotes True Entrepreneurs Avoid

Startup Professionals Musings

These days, it is almost impossible to find a small business where everything is done at the home location, by full-time employees. These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure. Hire and train your own managers for internal and external work projects.

article thumbnail

Growth Strategy: 6 Ways To Scale Your Small Business

YoungUpstarts

No matter how old you are or how much experience you’ve got – starting a small business is always an equally stressful and risky endeavor. The struggle small business owners face is real, and focusing on scaling and growth is almost certainly the last thing on anybody’s mind when their business is barely afloat.

article thumbnail

Remote Hiring For Success

YoungUpstarts

Without the luxury of a Human Resources department, many small business owners find themselves navigating the laborious task of hiring the right team members themselves. Department of Labor, the price of a bad hire is estimated at 30 percent of the employee’s first-year earnings.”. by Lesley Pyle, MSc.,

Hiring 214