It’s quite difficult to determine how much money you’ll need in the first year of your business without knowing a little about the model you plan to use for your company. For example, you might be running an online company from home. Obviously, you’re going to need less money for this compared with a business […]
Keeping your business legal and up to code is crucial for the owner of any company. If your business is not compliant with different rules and regulations, you won’t be able to legally operate on the market. You can also run into issues with lawsuits that can cost your business thousands in damages. But how […]
Contrary to belief, you don’t need a lawyer for every legal issue that you might encounter in your company. For instance, one of the first jobs that you’ll need to complete when setting up your business is choosing a name and trademarking your business. That might sound like a legal matter, and it is, but […]
Your employees will be one of two things for your business. Either, they will ensure that your company soars to new heights on the market. Or, they will bring your business model crashing down. The results of hiring the right or wrong way could be that dramatically different. It all depends on whether you prepare […]
First off, let me address your burning question that I know you’re thinking right now: “Why should I should care about IT security for my business? I’m too small to be a target – I have nothing to steal”. The quick and simple answer to this question is that every IT system has something of […]
Hiring staff is always going to be a risk for any business owner. You need to consider whether the potential hire is going to be worth it and if hiring a new staff member will help your company make larger earnings. You might be a solopreneur, in the midst of considering hiring your first employee. […]
Every business owner needs some form of insurance. Think of insurance policies as safety nets that you can land on if you slip off the business ladder. There’s a lot that can go wrong when running your company and the recovery could cost you a fortune. Everything from theft to a lawsuit is a possibility […]
You should not underestimate the challenge of starting your own company. It is always going to be a massive endeavor to take on. You need to make sure that you prepare for the uphill climb because there is certainly a steep road ahead. The idea that most businesses fail within the first five years has […]
Some things can seem like a good idea at the time, but retrospect is a wonderful thing. Having a business is all about making decisions. In business, you can’t expect to be perfect all the time. Some of your decisions will be great, and some of them not so much. To illustrate that point, here […]
It’s complicated, but nevertheless if your business (be it sole trader, small business, national or a global entity) is processing, storing and/or transmitting credit card information I would recommend you continue reading. But first off I am going to make a promise to you. I promise that this post will not contain any nerdy technical […]
