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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . Let’s take that innovative new business idea and walk through all the requirements you need to consider to successfully start a business that’s legally recognized.

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Why Small Businesses Should Get Business Insurance

YoungUpstarts

Numerous risks are associated with running a business successfully. An employee could get hurt while on the job, a client file a lawsuit, or a natural disaster could destroy your business premises and equipment. For these and many other reasons, it’s fundamental to protect your business. To Cover Your Employees.

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Common Employee Performance Management Challenges and How to Fix Them

Up and Running

For many startups and small businesses, talent management can sometimes be deprioritized from the everyday chaos and operations. As they begin to grow , they start to recognize that using a spreadsheet or using memory to keep track of employee performance just doesn’t work. Unclear objectives & tasks.

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A Guide To Outsourcing Services For Startups

YoungUpstarts

The good news is that there are firms that offer quality financial services, including small business tax preparation. Small businesses can hire such firms and get quality services on a pay as you go basis. This means that companies do not have to keep an expensive in-house team idle and still pay them big salaries.

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A step-by-step guide to HR outsourcing

The Startup Magazine

Any operation that involves an employee, like recruitment, payroll management, or even offboarding, can be included in these HR functions or duties. . On the other hand, HR agencies offer cost-effective, standardized services, while consultants offer customized HR solutions (best for small companies). 2 Managing Performance.

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How To Keep Your Company Alive – Observe, Orient, Decide and Act

Steve Blank

Check if the the Paycheck Protection Program , ( here and here ) which provides 100% federally guaranteed loans to small businesses, can apply to your company. Operating Numbers. This plan has three parts: Pivots to your new business model, changes to your operating plan, and what initiatives you save for the recovery.

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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. Your frugal role model of bringing your own lunch won’t be convincing to most employees.

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