How to Save Money as a Startup

Contributed article in our small business series. Enjoy! – Kimberly

Startups are notorious for running into financial difficulties before they reach the maturing point at which they’re stable and secure enough to be considered successful small businesses. It’s imperative that startups are tight with their money, ensuring that their cash flow is as efficient and well-attuned as possible. Hemorrhaging cash when at the startup phase is an absolute path to failure. It’s in this sense that this article aims to provide money-saving advice to startups. The tips provided below are designed to reduce losses to an absolute minimum, which will mean your young startup will be best-placed to succeed.

Consider Your Tax

Small companies benefit from a series of tax breaks and incentives that you should school yourself on before you make specific financial commitments. Continue reading

5 Popular Myths About Starting Your Own Business

Contributed article in our business series. Enjoy! – Kimberly

If you have yet to launch your first business, it could be easy to believe the many myths about starting a new company. As a result, budding entrepreneurs might be deterred from launching their first business, or might launch an enterprise only to experience a few nasty surprises along the way.

As with any business decision, you must look at the facts to make a decision that’s right for you. Here are five popular myths about starting your own business.

Myth 1: You Need Investment to Start a Business

Believe it or not, but you don’t need a considerable amount of money to start a successful company. Yet it’s a common misconception that you need to seek investment to help kickstart your new venture. However, statistics prove the opposite is true. According to Fundable, only 0.91% of startups are funded by angel investors, and only 0.05% are funded by venture capital investors.Continue reading

Startups: 3 Business Mistakes You Need to Avoid

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

Starting a new business is an exciting but busy time. Your to-do list is as long as your arm, and unfortunately, you only have a limited number of hours each day to achieve them. It can be overwhelming, but you need to have the discipline and resilience to carry on and make an impact.

New entrepreneurs are vulnerable to making the same mistakes time over, and so you need to be vigilant that you don’t fall into the same trap. Here are three mistakes that you need to avoid.

  1. Not Understanding the Value of Money

Startups invariably have limited cash flow, and that means that money is at the forefront of every decision being made. New entrepreneurs typically fall into one of two camps: those that spend money freely to make more money and those that spend the bare minimum. You must understand the value of your money.Continue reading

How to Create a Start-Up in Style

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

Sometimes a little style, confidence and razzmatazz is just what’s needed to launch a new business into a prosperous future. It’ll show off your credentials and will cast away any lingering doubts or worries, instead investing you and your team with a confidence that may well lend itself to the first stages of opening a business up to new, competitive markets. This article takes a look at some of the best ways to start-up in style, using the invested money you’ve got to position yourself squarely in your industry without any hint of weakness or insincerity.

Launch Party

Every promising new business deserves a launch party, and yours should be no different. After all that preliminary work – most of it fairly dull paperwork – to establish your business as a trader, your launch party is a celebration of what you’ve achieved so far as well as a momentum-builder for the immediate future, filling everyone connected with the business with hope and positivity. Buy some bubbly and get some nice nibbles organized and prepare to bask, just for one evening, in the preliminary successes of your business.Continue reading

Ways To Finance Your Business

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

The number of people who are choosing to start their own businesses and work for themselves is growing and every year more and more entrepreneurs are choosing to leave their current employment and try something for themselves. Some will fail, but some will succeed and never giving up is an appropriate attitude to have in terms of looking forward to the future of your business.

One thing that all companies need, however, no matter how big or small, no matter how new or old, is financing. Although it’s possible to start a company with little to no money, if you really want to make a splash and be successful more quickly, you will want to have some form of capital behind you. If you’re currently hoping to start a business (or expand an existing one) and you’re wondering where you might be able to find the money to do so, there are a variety of different ways that you can raise the cash and become the business owner and leader that you want to be.Continue reading

3 Ways Tech Makes International Business Easy

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

The emergences of the web and email have smoothed the path for international entrepreneurs since the 90s. As technology made instant international communication child’s play and the web developed to become a global marketplace, opportunities have multiplied further. Now there are several ways organisations of all sizes can connect with foreign markets and employ international teams — and advanced technology is also facilitating the development of products that have worldwide applications. Here are just three ways tech makes international business easy.Continue reading

How to Make Your Workplace More Tranquil?

If Cross Campus CEO Ronen Olshansky is to be believed then “every office space needs a space for active rejuvenation”. Why? The answer is quite simple: When your employees are working mentally and physically exhausting tasks, they need to replenish their lost energy levels. And, what’s better than rejuvenating the workspace/desk to maintain a positive and tranquil aura?

Cluttered desks ruin the positivity and often result in lowering productivity indirectly. If employees work under cluttered conditions, they kill time in looking for stationery and other stuff. In fact, misplaced items costs corporate America $177 billion annually. Messy desks don’t just cost monetary loss,  but also result in employees losing 76 hours every year.  Continue reading

4 Tips for Staying Motivated When You’re Self-employed

Contributed article in our small business series. Enjoy! – Kimberly

When you’re in charge of your own work life, it can be difficult to stay focused. With no one to pay attention to your activities, it’s tempting to talk yourself out of doing work. In the short term, this might provide you with a pleasant break. However, in the long term, a lack of productivity will be disastrous for your personal finances and the development of your career. That is why you need to take control of the situation. It’s vital that you’re doing everything in your power to work efficiently. Luckily, there are plenty of easy steps for you to take. Below are four tips for staying motivated when you’re self-employed.

Schedule Your Day

Make sure that you have a clear plan for your day ahead. You should even try to plan your entire week in advance. This allows you to have a clear idea of everything that you need to get done. When you’re formulating your plan, it’s important that you strike the right balance between being optimistic and being realistic. You should always be pushing yourself to achieve more. However, you should avoid setting yourself unrealistic deadlines. Ideally, at the end of each day, you want to feel satisfied instead of deflated.Continue reading

5 Ways You Can Ruin Your Startup Before Getting Your First Customer

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

If you are planning a startup, know this: you are statistically unlikely to succeed. According to Forbes, nine out of ten startups fail. They may have run out of cash, have ineffective management, fail to properly market their product or service, or some combination of all the above.

But you are not destined to fail. Before you even think about opening your doors to the public, you need to ensure that your business is prepped for success. Here are five factors that commonly cause startups to fail and what you can do to keep your future business afloat:

1. Financing Your Startup with Predatory Loans

Getting startup capital can be a struggle. Bootstrapping your business is a challenge for most starting entrepreneurs, so getting a loan can seem like a wise move. Continue reading

Selecting the Right Structure for Your New Business

Contributed article in our business series. Enjoy! – Kimberly

Starting a business requires more than a great idea. You need grit and determination, plus a healthy dose of resilience. There is a lot to think about in the early stages, but one of the most important decisions is how you want to trade.

There are many considerations when deciding what type of structure is right for your business and making the wrong decision could have disastrous consequences for your future business, so it is essential that you consider the merits of operating as a sole trader/Sole Proprietor, an LLC, or an LLP, or even as a corporation as your business grows.Continue reading