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.

What to Do If Your New Business Has No Customers | AllBusiness.com

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

Inspiration strikes and you decide to launch your business. After all, if you build it, [they] will come, right? So, you set up shop. And then…nothing. Nada. Zilch. In fact, is that the sound of crickets?

Here’s that dreaded question no entrepreneur wants to think about, let alone ask: What if nobody goes to your business when you launch? What if your new business has no customers? Gasp! Did I just say that out loud?

I’ll let you in on a little secret. Anticlimactic business openings happen (more often than you think). So if you build it and they don’t come, don’t panic. Handle it like the great entrepreneurs who came before you have been doing for years.

Does Your New Business Idea Solve a Real Problem? | AllBusiness.com

October 1, 2021September 30, 2021 ~ knjohn ~ Leave a comment

True story: My father works in real estate. He’s spent the last fifty years constructing houses, condos, and office buildings. Now in his eighties, with several projects under way, he apparently plans to die in his boots. I tell people he has a building complex.

Ba-dum-bump.

That used to just be a joke about my dad. But then I came to Silicon Valley, and I saw building complexes everywhere. The bad kind!

Everybody is building. They have been told they should by prominent investors. They talk about their new business idea, their product, their team, their startup, their pricing model, and go-to-market strategy. But a very large number of them have no idea whether they are building something people want. Which means they are building too soon.

Reinventing The Pizza | Forbes

January 5, 2015 ~ knjohn ~ Leave a comment

Who is crazy enough to start yet another pizza chain? Especially after ambitious chefs have piled on every conceivable topping (peanut butter and jelly, kangaroo meat), injected cheese into every last nook and cranny of dough and committed unholy cross-branding (Pizza Hut’s Doritos crust)? Samit Varma, 38, and Ron Biskin, 62–that’s who.

The odd-couple cofounders and co-CEOs of Pizza Studio of Calabasas, Calif. have brought together Varma’s experience in the military and startup world and Biskin’s long history in fast-casual restaurants to create something fresh. They’re adapting the quick and made-to-order model, championed by Chipotle and Subway , to pizza. “It’s all about execution,” Varma says.

Secrets to Financing a New or Growing Business | All Business

December 31, 2014 ~ knjohn ~ Leave a comment

Obtaining funds to start a new business or to expand an existing one can be a challenging and exciting experience. Before lenders and investors can commit to funding, they will want to know there is a high chance that your business will be successful.

Certain areas need to be addressed and prepared such as a coherent and comprehensive business plan that includes marketing strategies, financials, product or service offerings, competitor analysis, and short- and long-term growth strategies.

5 Questions To Ask Before Going Into Business With A Friend|Forbes

July 9, 2014 ~ lmehit ~ Leave a comment

Pamela Skaist-Levy and Gela Nash-Taylor, co-presidents and co-founders of Juicy Couture became famous for their celebrated casual clothing line, which they went on to sell in 2013 for a whopping $195 million. Sure, their story of success has had its share of ups and downs—like any other business—but according to the best friends, the greatest decision they ever made was to go into business together. Noted Skaist-Levy, “You spend more time with a business partner than almost anyone…When you’re together, the highs are even higher and the lows don’t seem so bad.”

As great as this kind of 50/50 arrangement sounds, so many partnerships, especially among friends, don’t survive. In fact if you research how to start a business with a friend, you’ll see that expert after expert likens business partnership to marriage: Are you willing to hang in there with this person through the celebrations and failures? The curveballs and the monotony? Can you accept that the little things about them that may annoy you now could only magnify under stress?