Category: Tools and Information

Accounting Mistakes Your Small Business Should Avoid | business.com

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When you’re growing your business, few tasks matter as much as tracking your company’s finances. In the beginning, many small business owners try to manage their books independently instead of using an in-house accountant or bookkeeper.

For many business owners, going it alone leads to easily avoidable mistakes. Here are some of the biggest accounting mistakes that can derail small businesses, along with some tips for avoiding them.

7 accounting mistakes to watch out for

Stay aware of the following avoidable accounting mistakes:

1. Failing to hire an experienced finance professional Even experienced accountants and bookkeepers make mistakes — but they’re finance professionals, and you probably aren’t. Even if you are, is it really worth the extra time investment to manage your business’s books on your own? Hiring a professional minimizes the potential for errors in areas such as tracking expenses, paying vendors promptly, balancing bank accounts and running payroll.

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2024 Guide to Business Investment: Get the Best Investor Offer | Business.com

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Every business needs funding to launch and grow. Often, that funding comes directly from the founder or a business loan. For some businesses, though, getting to that next level requires the help of a business investor. That avenue can be rewarding but carries unique challenges, such as finding the right investors and successfully courting them. Whether you court venture capitalists, angel investors or crowdfund your investments, you must recognize a good deal from a bad one to avoid getting burned.

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Samsung Galaxy Ring vs. Oura Ring: Which ring is better for you? | Digital Trends

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Competition in the smart ring market is heating up, and Oura’s long period of dominance is finally being challenged. Samsung, one of the world’s biggest companies, has stepped up to the plate with the Samsung Galaxy Ring — its own stab at wearable tech that slips onto a finger.

The Galaxy Ring is smaller and lighter than the Oura Ring, but does it have the features to compete? Does the Galaxy Ring’s higher price mean it’s not worth buying? Or does the Oura Ring’s insistence on a subscription mean it’s hard-pressed to hold up to Samsung’s onslaught?

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Uber now lets users in India book three trips at once | TechCrunch

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Uber is rolling out concurrent rides in India, a feature that allows users to book up to three trips for any of their contacts, TechCrunch has exclusively learned and confirmed with the company.

The concurrent rides feature is the latest example of Uber developing products that will capture more customers, including those who don’t have the app or even a smartphone. In India, Uber even allows concurrent ride users to pay drivers directly with cash or via the app.

Uber quietly launched the concurrent rides last year in several global markets, including the United States. An Uber spokesperson confirmed the new feature is now available in India and will be rolled out in the country in a phased manner. The spokesperson would not confirm the exact details of the cities in which it is currently available.

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Amazon CEO Andy Jassy: This Is How You Earn Employees’ Trust | Entrepreneur

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Amazon CEO Andy Jassy recently spoke in a company video about the successful principles of good leaders.

Jassy said that one important principle is earning trust from your employees — but not in the way that people might think.

“They sometimes confuse it with being nice to one another or having social cohesion or not challenging each other in meetings. That’s not what we mean,” Jassy said. “What we mean is being honest, authentic, straightforward, listening intently but challenging respectfully if you disagree, and then delivering what you said you would.

Jassy added that, if you want to earn trust, you have to deliver news to employees, good or bad.

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How Focus Sparked the Growth of this Fitness Racing Brand | Entrepreneur

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In business, everyone has an opinion. It can be easy for founders to get swayed by the latest trends, customer chatter, or investor pressure. However, for Christian Toetzke, founder and CEO of the global fitness racing craze HYROX, staying true to his original vision has been key to the company’s explosive growth.

“You have to be very convinced about your product and the DNA of a product. And you have to stick to the game plan,” he says.

Toetzke appears this week on an episode of One Day with Jon Bier to talk about the power of persistence, the importance of retaining company equity, and other lessons he’s learned since launching his brand in 2017.

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What causes you to get a ‘stitch in your side’? | Live Science

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We’ve all been there — you’re just starting to find your running rhythm on the treadmill, or maybe you’re hustling to catch a train, when you’re suddenly struck by a sharp pain in your side, just under your rib cage.

A side stitch — medically known as “exercise-related transient abdominal pain” (ETAP) — is annoying and uncomfortable, albeit not medically serious. But what causes side stitches?

Although side stitches are common, no one knows for sure what causes them, and there are competing theories as to what body part the pain comes from.

For decades, after this theory was first proposed in 1941, scientists and sports doctors believed that a side stitch is caused by inadequate blood flow to the diaphragm, the large muscle that sits under the ribs and draws air in and out of the lungs. This lack of blood could cause a painful cramp or spasm. This idea was based on the theory that blood travels away from the diaphragm and concentrates in the muscles of the limbs when we exercise.

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What are ultraprocessed foods? | Live Science

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Heart disease, cancer, diabetes — these and other concerning health effects have been tied to “ultraprocessed foods,” which make up more than half of the calories consumed in the U.S. Eating large amounts of these foods, which are high in salt, sugars and additives, may even increase a person’s risk of early death.

There’s growing awareness around the potential harms of these products, but which foods count as “ultraprocessed” is not always clear.

So what, exactly, are ultraprocessed foods?

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Online Sales Alternatives to Etsy | Business News Daily

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Etsy has become a household name for crafters and shoppers alike, but it’s not the only option for those with handmade crafts to sell online. Many other marketplaces cater to sellers and buyers of handmade goods, antiques, art and other creative items. As a seller, you may prefer an Etsy alternative’s fee structure, interface and user experience. We’ll explore 13 top Etsy alternatives that might be a better fit for your craft business.

13 Etsy alternatives you can join today

Crafty entrepreneurs who want to start selling online have excellent options. Here are 13 Etsy alternatives that are affordable, easy to use and popular with shoppers.

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Should You Start a Business Without a College Degree? | businessnewsdaily.com

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Entrepreneurship can be an excellent way to achieve financial freedom, but building a successful business takes time, hard work and perseverance. Some budding business owners may opt to get a jump on their entrepreneurial ideas and skip college to pursue their dreams.

While you don’t necessarily need a college education to become a successful business owner, quitting school to pursue entrepreneurship might not be the right choice either. College can help you gain expertise in specific business subjects while learning and honing soft skills like communication, time management and leadership. We’ll look at the pros and cons of skipping college to start a business and what to consider when making this decision.

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