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Benefits of outsourcing payroll for startups

Did you know that business consultants often recommend outsourcing non-core functions? A non-core function is one that isn't part of your profit center. It's something you don't charge your customers for. While a non-core function is often essential to your successful operation, it isn't what sets you apart from the competition, so it can be outsourced. It's also of the utmost importance to your staff. Payroll is a non-core function and one you should certainly think about outsourcing. To help y...

Creating an effective onboarding process for startups

The typical large company has an employee on-boarding process that works and is a natural part of their system, but there's no reason your startup can't follow the same game plan. In this article, we will look at creating an effective on-boarding process for startups. This is very important to emerging businesses as it not only gets everyone started on the right foot, but it sets the tone for your company culture. Onboarding provides your employees with training, direction and guidelines. Withou...

Could billionaires end society's biggest challenges?

Citizens around the globe are facing a myriad of complex challenges that feel almost impossible to solve. Problems like rising real estate costs, the extraordinarily high cost of healthcare, and rapidly increasing credit card debt feel inescapable due to both the critical thinking and the collective capital needed to solve these challenges. At the same time, the very richest in our society continue to accumulate wealth at record pace — for reference, Warren Buffett makes roughly $37 million a da...

The pros and cons of using a PEO company

As a young startup or a small company, you might find dealing with health benefits and retirement benefits is a time-consuming task that isn't easy for you or your staff. This is why small companies often choose to work with Professional Employer Organizations (PEOs). This gives your employees access to better benefits and more human resources services than you might otherwise be able to provide. What is a PEO company? A professional employer organization (PEO) is a firm you can hire to provide ...

8 reasons you need a CFO

According to Inc , one of the most common reasons startups fail is a lack of cash. This where a chief financial officer (CFO) can really help you by staying on top of your finances, knowing what you need to succeed as well as when it's time to raise some more funds. Let's look at eight reasons why you need a CFO for your startup. The definition of a Chief Financial Officer Some businesses will choose to hire a CFO on staff, while others will decide to outsource this position. Either way, a CFO w...

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