article thumbnail

Potential Pain Points When Starting a Small Business

Up and Running

These already successful business owners have put everything they can into growing their idea: life savings, loans from family members, income from their day job, and so on. But, they’re still in need of more capital to turn their business into something from which they can see free cash flow. See Also: How to Hire Your First Employee.

article thumbnail

Savvy Tips to Recruit Your Startup Dream Team

Up and Running

Your startup or small business may find it challenging to compete against established companies for high-quality employees. Indeed, it’ll take more than charisma, networking, and business savvy to win over top talent — you’ll need a budget to match, too. How to build your startup dream team.

Startup 127
Insiders

Sign Up for our Newsletter

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

article thumbnail

Choke the Churn: How to Prevent Employee Turnover in Startup Businesses

Up and Running

On average, it costs nearly three times an employee’s salary to replace them. A high turnover of assets and inventory signal success for the company, but high employee turnover can be detrimental to the foundation of the business. Since benefits and salaries account for such a large portion of employers’ costs, it’s O.K.

article thumbnail

Is Your Startup Ready For The Challenges Of An IPO?

Startup Professionals Musings

According to the Small Business Administration , about 600,000 new businesses are started in the U.S. If you want to give stock options, or have already been giving them, the employees will love the liquidity of their options, and the thought of selling shares for a profit. Analysts want escalating profits.

IPO 236
article thumbnail

Leveraging the Current Job Market

The Entrepreneurial Mind

In today's job market, the large number of underemployed give small businesses a fighting chance in landing the perfect employee. Small businesses have always had other means of non-salary rewards and compensation that are not always used in larger businesses.

article thumbnail

Creating a Company of Owners

Duct Tape Marketing

I mean create an asset, a business, which is worth more today than it was yesterday. In my view there are much easier ways to draw a salary than owning a business. The only metric that is not public is individual salaries.) Related Posts: What Is Shared Culture Small Business Ownership :: Is It a Noble Calling?

Salary 59
article thumbnail

5 Best Workforce Management Software To Improve Employee Productivity

Transformify

Transformify workforce management system also helps manage all working arrangements, from salaried employees to freelancers and consultants. From small businesses to Fortune 500 companies, this WFM system could give you everything you might need. It automates billing cycles and payments, even for a team with a global workforce.