Remove Finance Remove Operations Remove Salary Remove Small Business
article thumbnail

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.

article thumbnail

Why Small Businesses Should Get Business Insurance

YoungUpstarts

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. Small business insurance is a remarkable way to protect your business. It is Required by Law.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

Startup 238
article thumbnail

What Do I Do If My Business Runs Out Of Cash?

YoungUpstarts

Sudden payment of unaccrued tax, bonus, or commission liabilities (this is a common bookkeeping and forecasting error for small businesses.). For example, a rapidly growing business is often purchasing lots of inventory, investing in fixed assets, and not managing their accounts receivable. Focus on operating efficiencies.

article thumbnail

Your Ultimate Guide to the 5 Stages of Small Business Growth

The Startup Magazine

The experience of starting and running a small business may vary from one entrepreneur to the next. But one lens for business growth that’s recommended by experts is the so-called “five stages of small business growth” model, which was first proposed in the 1980s.

article thumbnail

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.

article thumbnail

The Best Small Business Accounting Advice in 2020

Women Entrepreneurs Can

What that means is that juggling several roles for small business owners can be tricky simply because you might not have the experience, qualifications, or the knowledge to run each and every vital segment of your company independently – just yet. Let’s look at them as opportunities, instead. Take an Online Course.