Many startups avoid bringing on a CFO because they don’t realize they need one, while some other business owners think CFOs are only for huge mega-companies. But startups can grow faster if they have someone who knows their financial goals and can help map out a plan to achieve them. A CFO can play a critical role in strategic decision-making to help startups prepare for the future and optimize their processes. Entrepreneurs who want the security of a CFO’s advice but don’t want to hire...

Did you know that if your company runs on an extremely small scale, you may actually be considered a microbusiness (and not technically a small business)? According to the U.S. Small Business Administration’s Office of Advocacy, a small business can be defined as one that has fewer than 500 employees, with certain exceptions and clarifications. For example, a book publisher could have up to 1,000 employees and still be considered a small business. However, there's a category even smaller, a...

Every day, thousands of people dream about becoming entrepreneurs, but the biggest thing holding them back is often money. And while starting a company with a lean budget can be challenging, the truth is, you don’t always need millions to start a business. In fact, there are myriad businesses you can start for just a few thousand dollars. Take the case of Stewart Vernon of Macon, Georgia, who saved up a few thousand dollars while in college and bought some chemicals and a truck to open a po...

Over the last few years, social media has grown tremendously in importance. According to a report released by We Are Social last year, almost 3.5 billion people actively use social media — that’s about 45 percent of the world’s total population. Certainly, these people are interested in looking up to someone to help them make decisions. In the world of social media, these “someones,” called “influencers,” are individuals who have built a reputation for their specialized knowledg...

Entrepreneurs who are pressed for time may consider outsourcing their HR functions, but many don’t know exactly how to get the most from these firms. Outsourcing HR responsibilities can be a cost-effective strategy that can help businesses improve their efficiency and provide comprehensive HR services to their employees. An HR outsourcing company can manage a whole range of HR functions, including payroll processing, benefit plan management and administration, recruiting, training and more....

As a business founder, you’ve got dozens of tasks on your plate, so the last thing you want to do is spend time reconciling your bank ledgers, paying bills and sending out invoices. One way to take that off your to-do list is to outsource your bookkeeping services, which can help you handle this responsibility without increasing hiring costs. To help you make this decision a little simpler, we’ve compiled a list of pros and cons about outsourcing bookkeeping services that you should keep ...

If your company is a brand-new startup with limited resources, you may be outsourcing your finance and accounting functions because you only need a few hours of their time a week. But if you think you’ll eventually hire a large in-house team to handle these responsibilities, you could be wrong. More large companies are taking their finance and accounting functions away from their internal teams and outsourcing them to specialized companies. For example, Walmart announced in 2018 that it was...

When you want your eCommerce to grow, but your platform or technology you use cannot provide you this possibility, it's time to choose the new technical solutions for your business. An experienced eCommerce development provider can help you analyze your potential and current state, create a digital transformation strategy, and build the right solutions for your needs. But how to choose a reliable and stable technical partner? There are some tips from the Chief Business Development Officer at Fob...

Often when we think of outsourcing, we think of outsourcing to companies overseas where labour might be cheaper. But it’s possible to outsource to local companies like Assemco in Melbourne, achieve strong cost savings, get great quality, and keep jobs in Australia. In fact, it’s quite easy. Why outsource? ...

You are not alone in wondering if contact centre outsourcing to the Philippines is a good choice for your company. With all the attention this trend has received over the last years, it makes sense to evaluate it for your own situation as well. And in most cases, a little investigation will show you that it’s actually one of the best choices you can make in multiple regards. It Will Change the Way You Operate You have to understand that this will have implications on your style of work, whet...