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5 common accounting mistakes you may need to fix now

Starting a small business is loaded with exciting aspects like creative design, brainstorming ideas, and drafting prototypes – but many start-ups struggle with the financial side of business.The best way to avoid accounting issues is to correct them before they become a problem. Ignoring these common mistakes could lead to big complications.1. Avoiding and denying a need for accountingFor the business person with little financial know-how, the idea of bookkeeping may be daunting. Many startups a...
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KPIs of an effective social media strategy

If you're already using social media, you may be wondering how well you're doing. There are different ways to analyze your activity, depending on the specific characteristics of your digital activity. And while there are many KPIs (Key Performance Indicators) to explore, some may be more relevant to your strategy than others. To get you started, here are some basic KPIs for the main indicators: Popularity Start with the basics: evaluate the general trend of your social networks by analyzing the ...
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Advantages and disadvantages of the employee vs. contractor question

 Many startups choose to hire independent contractors instead of employees for certain jobs. Though this has always been the case for startups and small businesses, a recent trend of larger companies more aggressively hiring contractors has sprung up. This is especially true for companies who tend to have off-site staff.There are many advantages to hiring independent contractors as part of your staff. Two common advantages are flexibility and to close a skills gap. Some recent research from...
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Japan looks to entrepreneurs to boost the economy

Japan looks to entrepreneurs. Photo: Yayimages As the recent introduction of negative interest rates sparks debate – the Japanese government is looking to give entrepreneurship a boost in a bid to revive the country’s flagging economy.Entrepreneurship and innovation created industry leaders - such as Sony, Toyota, and others - that had a huge impact on the technology boom of the 1980s.  And, having achieved a comfortable lifestyle, most young people in Japan aspired to a “safe” job in ...
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Thorny HR compliance concerns for startups: Hiring, pay and benefits, oh my

 The last several years has seen a surge in innovation and venture funding for startups. In 2014 a whopping $48.3 billion has poured into US startups. This swell is mostly due to investors who realize the power of technology to disrupt and replace older industries. While these are positive developments, new concerns for exist for those running startups and small businesses.While it may seem like a startup might not need an HR department, forgoing particular HR tasks can frequently lead to m...
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