There are an increasing number of small to medium businesses choosing to rent managed or serviced office space rather than opening their own offices. This can have a number of benefits including cost savings, access to additional equipment and allowing business owners to do their part when it comes to being environmentally friendly.
If you're thinking of starting a business but may be overwhelmed with all of the tasks at hand, consider starting it out of your home. You'll have lower overhead if you don't have to pay for office space, and the shortest commute in the world! Here are tips for starting a home-based business.
Far too often, new entrepreneurs make first year decisions that can put a major dent in the inaugural year of your new entrepreneurial venture. Even someone who has a lot of corporate experience cannot understand the firefight of being a business owner until you have to meet your first payroll.
If you’re running an early-stage startup, chances are there are some knowledge gaps in your core team. You may be strong on the technical side or a product whiz, but what about financial strategy, administration, HR? Are you prepared to manage the day-to-day of your startup, from recruiting new talent to bookkeeping to financial planning?
If you are using a manual time and attendance system, consider replacing it with an automated system and using an experienced and reputable outside payroll service. An automated time and attendance system eliminates the time clock and instead uses a bar code scanner, pin number pad, or an even more technologically advanced system such as a biometric scanner.
Deciding where to do your business’s banking business is an important question, affecting many aspects of your daily operations, such as business loans, deposits, and cash management. What are the steps you need to take to find the right bank and build a strong banking relationship for your business? Here are a few tips you can follow to develop that banking relationship.
Payroll activities can be incredibly complicated for small business owners, and many people look for outside payroll companies to handle them. To determine whether a particular service is the right fit for you, there are a few important questions you should ask.
Your small business might operate in an office in your home, or it might be a manufacturing plant. No matter where you fall on the spectrum, setting up and financing your business’s physical location requires planning and time.
Every business has accounting needs. But how do you find the right accountant for your specific needs? Not all accountants or accounting firms are the same, and understanding the differences will help you build the right relationships for your business.