article thumbnail

When Should a Small Business Hire an Executive Team?

Up and Running

That often involves working long hours and keeping your costs lean. Think of it as an investment in your company — you’re dedicating resources (compensation) to highly skilled employees who will hopefully bring your business to the next level. Think about what your business needs to grow and start there.

CTO Hire 163
article thumbnail

8 Effective Payroll Tips for Small Business Owners

Up and Running

For example, it can be more difficult to maintain strict employee privacy. In a recent survey conducted by payroll services provider OnPay of more than 1,000 small businesses, business owners who run payroll manually said they spend an average of 18 hours a month paying employees. Keep all records.

Insiders

Sign Up for our Newsletter

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

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. Don’t get caught off guard.

Cost 346
article thumbnail

10 Proven Ways to Grow Your Small Business

Up and Running

Having a vast range of employees that differ in experience, background, beliefs, and specialties bring new perspectives to the table that would be nonexistent without them. Additionally, as you look to bring on new employees, you’ll also want to focus on your current staff’s professional development. Showcase your expertise.

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. Utilization and personal growth of virtual employees is not my problem.”

article thumbnail

10 Things Every Small Business Needs To Do

Up and Running

If you are thinking of starting a small business, make sure you follow these ten important rules for small businesses: 1. The number one reason small businesses go bankrupt is lack of cash , not lack of profits. You need to engage in Lean Planning. You need to manage your cash. Does it work?

article thumbnail

Lean Business Tips: Hiring Contractors for Fun and Profit(ability)

crowdSPRING Blog

We write often about ways small business can reduce expense, increase productivity, and operate more efficiently through a lean approach to marketing, technology, and operations. The business benefits by gaining a capability that it may have lacked and the contractor by gaining a paying client. Reduce, reduce, reduce.

Lean 99