Top 6 Project Management Systems for Startups

There's never been a better time to start your own company, thanks to a bevy of project management systems that help reduce costs. Unfortunately, overabundant options can lead busy entrepreneurs down the wrong rabbit holes. To make sure your new business runs seamlessly, learn how to identify the right management tools.

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Why Every Accountant Could Use a Virtual Assistant

Accountants spend endless hours looking for ways to save money for their clients. Unfortunately, many fail to recognize some effective ways to cut their own operational costs. By allowing accounting entrepreneurs to offload critical tasks, a virtual assistant can drastically increase productivity and allow professionals to focus on the things that matter most.

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Business Expansion: Can Your Business Grow Too Big Too Fast?

It may sound like a good problem to have, but rapid growth can actually capsize a business just as quickly as stagnation. However appealing it may seem, unchecked business expansion is often accompanied by specific liabilities and potential dangers.

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Cloud Storage Tips for Small Business

Throughout the country, countless businesses face data challenges related to sharing, security, storage and redundancies. Unfortunately, too many are held back by razor-thin budgets and what they perceive as narrow options. With cloud storage, both large and small businesses enjoy practical, cost-effect solutions for data storage and seamless sharing.

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14 Ways Virtual Assistants Can Help Freelancers Stay Organized

Being a freelancer can keep your schedule packed 24/7. But, regardless of your industry, a virtual assistant (VA) can help you manage all areas of your workload, so that you stay productive and organized.

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Client Management: 6 Signs You Should Fire a Client

As a consultant or freelancer, it may seem like a bad idea to willingly let go of any business. But, it’s not always a bad idea.

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Staff Management Tips: Which Employees Should You Promote?

Promoting employees from within can be a huge morale boost and motivator, but these positions should not just be given away.

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Five Essential Items Your Operating Agreement Needs

Operating agreements detail a limited liability company’s (LLC’s) business and the managerial/financial duties of its members. This vital document memorializes an LLC’s rules and structures. While it may seem like a mere formality, this document is actually the most important structure that an LLC creates, as it originates the unique roles and framework of a business.

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Fundamentals of Cash Flow Analysis

The inflow and outflow of cash into and out of a business reflects the health of that operation. That’s why it’s important as a small business owner to be able to read and understand a fundamental financial document called a cash flow statement, or statement of cash flows. This instrument is used to track the flow of working capital into and out of a business during a given accounting period. While the income statement and balance sheet are helpful for understanding the financial standing of your small business, they do not take into account the complexity of cash flow over time. It’s also important to note here that cash flow analysis can result in actionable intelligence that can allow you to make large or small adjustments to day-to-day operations to improve efficiencies or help you better decide when it’s time to bring in investors to help you grow. Cash flow analysis is critical for small businesses and should be evaluated at least quarterly, if not more often.

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Identifying the Flaws in Your Business Plan

You’ve created a business plan for your startup. You’ve even read it from the perspective of investors, and perhaps you’ve already revised it as your plans change and your business evolves.

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Growing by Targeting New Customers

It's important to keep your existing customers, but your business will quickly stop growing if you don’t reach out to new markets and target new customers. In a perfect world new customers would find you, but unfortunately that isn’t how business works.

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Top Reasons Startups Fail

Not every startup will succeed. In fact, according to a recent study co-authored by experts at Berkeley and Stanford, 92 percent of startups will fail within the first three years. But plenty of those entrepreneurial ventures might still be around today if they had avoided these top reasons that most startups fail.

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Reviewing Your Mission Statement

Your business has been around for a few years now, so is your original mission statement still relevant? It’s important to assess how your current business model and strategy aligns with the mission statement that you started with. Things change, businesses evolve, and goals are (hopefully) being met. With all of that in mind you might be surprised to realize that it’s about time for a mission statement refresh.

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Creating a Business Plan for Your Startup

How to Write a Business Plan That Sets You up For Success

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Establishing Long Term Goals for Startups

The Art of Setting Long Term Business Goals

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When to Use Asset-Based Lending

Struggling to figure out how to finance your small business? Consider trying asset-based lending to get the job done. In simplest terms, asset-based loans are just what they sound like—business loans that are based on the tangible physical assets of your small business. This usually means accounts receivable and inventory but can sometimes include less obvious items, such as company vehicles. It’s a pretty simple proposition, but it is important to understand the advantages, challenges and risks of asset-based loans. You are risking your future revenue in order to gain access to more funds today.

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Data Security Best Practices for Your Small Business

Chances are your small business stores a lot of vital information online. Have you taken the right steps to protect this data for you and your customers? Here are some concepts and tools that will help you to protect your small business.

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