5 industries on the rise amid the coronavirus emergency

Many entrepreneurs have reported lagging sales and frustrations as the coronavirus has halted the economies of countries all over the world. But not all businesses are seeing sales fall. In fact, some businesses have said they've seen interest rise as the emergency has spread. Check out the following five businesses that are in this category.   Pediatric teletherapy Everyone is stressed during these times, but it's difficult to get the mental health resources necessary when social distancin...
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5 things businesses must know about the families first coronavirus response act

Entrepreneurs often find it challenging to stay on top of the regulations that come down from the government, but that's been especially true since the coronavirus emergency began impacting the country. Businesses are facing new challenges every day, and so are American families, many of whom are struggling to pay bills amid changing working conditions. Federal, state and local governments have been fast-tracking new regs, and today we've got the lowdown on how one of them will affect your busin...
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How to prioritize using the urgent/important principle

Do you feel like you could prioritize more efficiently at your business? You're not alone -- and this problem is not a new one.During a speech in 1954, former President Dwight Eisenhower said, "I have two kinds of problems: the urgent and the important. The urgent are not important, and the important are never urgent." A theory was created around that quote, now known as the Eisenhower Principle. It involves the use of a matrix to classify the four types of tasks on your list, as follows: U...
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Top traits to look for when adding members to your team

As you're building your new startup team, there are some things you want to consider.You want to put together an effective team that not only has the qualities necessary to do the job, but you want a team that works well together and has strengths that are complimentary.A good team is the team that propels your startup into the future and with maximum productivity and growth.In this article, we discuss the top traits to look for when adding members to your team.Strong organizational skillsIt's n...
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Want more time to grow your business? Track your daily activities

The best way to ensure that you can find more time in your day to focus on growth is to eliminate non-core responsibilities from your schedule. The problem is that you may not be able to identify which tasks you can delegate or outsource. The solution? A time audit. Use the following infographic to find out how to determine the ways that you're spending time.  
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5 of the most common hiring mistakes startups make

According to Career Builder, 74% of companies that admit they've hired the wrong person for an open position lost an average of $14,900 for each bad hire.What's more, according to the US Department of Labor, the cost of a bad hire can reach up to 30% of the employee's first-year earnings.These stats show you just how important it is to hire right the first time. To assist you, let's look at five of the most common hiring mistakes startups make.#1: Hiring people you knowWhile in some instances hi...
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What startups need to consider before forming a board of directors

​A board of directors helps oversee the activities of a company or organization. Publicly held companies have to have a board of directors, while private companies don't.That begs the question for many startups as to whether or not they need a board of directors, and if so, when? There are many reasons this is a good idea for most startups. So, for the purposes of this article, let's say you do need one.In this case, we look at what startups need to consider before forming a board of directors.B...
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Is an outsourced CFO the right choice for your business?

By Yair SegevYour small business is at a crossroads. You're ready to scale, but you aren't sure what your numbers are telling you about the right route that will lead to growth, and you aren't in a position to hire a full-time chief financial officer to forge the path. One very modern – and very effective – solution is to bring on an outsourced CFO.The concept of a virtual CFO is a somewhat new phenomenon, but the benefits that these experts can bring to small- and medium-sized businesses are es...
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These tips can help introverted entrepreneurs thrive

You're ready to start pitching your startup to potential investors, but you aren't sure how to put yourself out there due to your introverted nature. We've got myriad tips on how introverts can pitch their firms, and translated those pointers into this quick infographic.    Courtesy of Escalon Services
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Should your startup consider a shorter working week?

A business in New Zealand experimented by offering their employees a 32-hour work week while paying them for 40 hours.The results? Happier employees and increased productivity.In fact, the experiment worked so well the company found their staff to be on time, have better attendance, take less breaks, and produce at the same level as they did with their five-day work week.While this same experiment has been repeated in countries all over the world, it may leave you wondering if your startup shoul...
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