Scaling Smarter: How Payroll Platforms Benefit Startups | The Startup Magazine

May 12, 2023May 10, 2023 ~ knjohn ~ Leave a comment

Starting a new business can be an exciting journey where you’re bound to experience your fair share of ups and downs along the way. In this regard, one of the necessary evils startups have to deal with is finances, especially when it comes to managing payroll. The issue is, how can you even think about scaling your business when such a bottleneck is staring you right in the eyes, with each mistake having costly ramifications to boot?

That’s where payroll platforms come in. In essence, these are designed to automate the process entirely, an investment that virtually pays for itself considering how much time they save you – your most valuable asset you should rather invest in growing your business. They will help you make the deductions where necessary, generate pay stubs, and all the other tedious tasks you’d otherwise have to do manually.

In today’s post, we will explore payroll platforms from the perspective of startups, noting how they can help them overcome the setbacks they face on a daily basis.

Government Grants for Small Businesses | Business News Daily

May 8, 2023May 7, 2023 ~ knjohn ~ Leave a comment

Find out how you can take advantage of these government grants to start or grow your business.

Government grants are free federal, state and locally funded programs to help launch or grow small businesses.
Only apply for grants for which you are eligible and ensure you meet all the grantor’s conditions.
Increase your grant approval chances by perfecting your resume, working with a prominent local organization or consulting your city or county economic development council.
This article is for entrepreneurs and small business owners hoping to secure a government grant to help launch or grow their organizations.

Founder Burnout Rates Are High: What’s the Solution? | AllBusiness.com

May 5, 2023May 4, 2023 ~ knjohn ~ Leave a comment

Startup founders often sacrifice their personal life by working tirelessly in exchange for rewards they hope to reap down the road. Progress in business often comes at a steep cost. The currency with which an entrepreneur pays to grow his or her business is invaluable—sleep, time with loved ones, rest and relaxation, and, eventually, mental and physical health.

Researchers have established a link between autonomy in business and work-related satisfaction. Startup founders often report feeling empowered or “in control of their own destiny.” However, the energizing potential of starting a business often burns hot—in many cases, too hot. An ELEVATE survey found that 48% of entrepreneurs experience feelings of burnout, with an additional 32% experiencing depression, and 56% facing decision fatigue.

Benefits Coverage Basics for Self-Employed Workers | Business News Daily

April 6, 2023April 5, 2023 ~ knjohn ~ Leave a comment

Ready to leave the corporate world behind? Here’s what you need to know about getting benefits coverage when you’re self-employed.

Essential benefits coverage to obtain if you decide to become self-employed include liability insurance, health insurance, disability insurance and a retirement plan.
Your options for obtaining self-employed health insurance range from government markets to professional employer organizations (PEOs).
Additional expenses to consider include self-employment taxes, payroll taxes and overhead.
This article is for aspiring entrepreneurs and freelancers looking to get their benefits set up – and their expenses covered – as they go solo.

How A Four Day Work Week Impacts Productivity And Morale” | Business News Daily

March 27, 2023 ~ knjohn ~ Leave a comment

The idea of a four-day workweek is hot. Is it right for your business?

Initial research shows that a four-day workweek may improve productivity and employee well-being.
Work-from-home policies created during the pandemic have shown that greater flexibility in terms of where and when people work is possible.
Creating a four-day workweek involves more than just giving employees one day off per week. It requires creativity, thoughtfulness and communication.
This article is for entrepreneurs considering implementing a four-day workweek at their companies.

Though many treat the 40-hour, five-day workweek as a preordained standard for the American workplace, the reality is that it was created by a revision to the Fair Labor Standards Act in 1940. The 40-hour five-day workweek emerged during a time when communities were smaller and tighter-knit, working remotely was impossible, and 1 in 3 women did not work outside the home. The world has changed so much. Is it time for the structure of the workweek to change too?

12 Business Skills You Need To Master | business.com

March 1, 2023February 26, 2023 ~ knjohn ~ Leave a comment

Success demands more than hard work, resilience, and expertise in your field.

Too many businesses fail because translating passion into a successful business model is difficult.

Developing a small business into a successful enterprise demands more than passion. Unfortunately, facts speak for themselves. Over half of new businesses fail mainly because entrepreneurs cannot translate their passion into practical business skills. Success demands more than hard work, resilience, and expertise in your field. In order to succeed, you need to understand and to become proficient in a set of fundamental business skills.

Uncommon Skills Every Entrepreneur Needs to Thrive | The Startup Magazine

November 3, 2022November 1, 2022 ~ knjohn ~ Leave a comment

No wonder, the demand to pursue entrepreneurship has been rising in recent years. Around 5.4 million new businesses have been registered in 2021. Besides, 78% of small businesses say that they are profitable. Although statistics show that about 20% of new businesses fail within the first two years, the desire to become a successful entrepreneur is increasing constantly.

However, there is no specific personality or demographic profile that makes a successful entrepreneur. Some of the entrepreneurship skills needed to succeed include basic money management skills, having a growth mindset, networking, etc. While these are common skills, let’s discuss some of the uncommon ones that not many entrepreneurs bother to develop.

Adaptability

Adapting yourself to the constantly changing needs of the market is what makes an entrepreneur successful. Adaptability is an important feature that most business owners lack. Besides, it can lead to making unfavorable decisions for the business and might attract consequences.

6 Ways Your Business Can Get High Ticket Sales | The Startup Magazine

October 11, 2022October 10, 2022 ~ knjohn ~ Leave a comment

There exist two kinds of entrepreneurs in the business world: those who are satisfied with selling products that generate low rewards; and those that prefer to work with high ticket sales financing clients that are willing to spend more money compared to regular customers. Here we’ll focus on high ticket sales tips that will drive revenue growth.

It might sound like a very lucrative opportunity to land clients that are willing to spend more than the normal person. However, it also comes with higher risks. Many business advisors even suggest sustainable models with low ticket sales with fewer risks. But you may find that your financial growth is moving at such a slow pace. You might not be able to focus on expanding your business as you’ll end up investing a lot of time searching for new leads.

3 Ways To Keep Customers at Your Small Business Happy | Cool Business Ideas

September 16, 2022September 15, 2022 ~ knjohn ~ Leave a comment

We know that it can be a challenge at times to keep all your customers happy. That’s why we are offering up a few tips to keep in mind when it comes to fostering and maintaining a quality relationship with your customers!

Go The Extra Mile

Creating an atmosphere your customers feel comfortable in has such a positive impact on your business. You want to keep them there longer, and you want to keep them returning! In order to do this, you need to stand out among the rest. Consider the question: how can I be different than my competition? Then, ask yourself: what can I do to keep my customers happy? You can look at businesses like Inhstl.com which is a natural health facility that is uncommon in the area they are in. What are other businesses doing that works for them, and how can you do it better?

Higher Education in the Face of New Technologies Is an Opportunity for Entrepreneurs | Entrepreneur

July 29, 2022July 28, 2022 ~ knjohn ~ Leave a comment

The coronavirus pandemic has caused significant changes in higher education. Higher education includes general, technical or professional education, which requires a level of training greater than or equal to the baccalaureate or its equivalent. During the moments of confinement, the research laboratories were closed, the courses were given remotely, and the students and staff, not being used to this mode of operation, were forced to adapt despite the increase in social inequalities, xenophobia and student mental health issues.

Almost two years after the confinements, higher education is becoming more than necessary to focus on other future eventualities, considering the world’s socio-economic needs: economy and community. Not only has the pandemic redirected higher education, but the challenges and issues related to public evolution and the strong presence of digital technology today require the university to set new objectives and different methods based on innovation using technological tools.