Payroll processing mistakes your startup needs to avoid

Mistakes happen every day in the business world, and some are more forgivable than others. Payroll isn't on the list of forgivable mistakes. Why? Payroll mistakes can be incredibly costly to your startup. Failing to comply to payroll laws gets the government involved which leads to penalties and fines. In the most extreme cases, it can even lead to jail time. What's more, when you mess up payroll, your startup's team can lose faith in you, and you may even lose staff members. To help you avoid c...
Continue reading
  0 Comments

Surviving as a start-up

Entrepreneurship isn't for the faint-hearted and each new venture brings fresh challenges even for experienced founders. Although statistics vary from one survey to another, the consensus is that the majority of start-ups fail within the first two to five years. And the failure rate is especially high among tech start-ups. Nevertheless, being aware of the most common hurdles and how to overcome them can significantly improve your chances of success. With that in mind, Chris Maguire shares here s...
Continue reading
  0 Comments

How startups can use social media to recruit talent

Did you know that job seekers rank social media networks as the most useful resource for jobs when compared to job boards and ads, recruiting agencies, employee referrals, and recruiting events? This is worth noting because the recruiting process has changed for many companies over the last several years. Like many things, social media has solidified its place as somewhere your business needs to be. When you use social media to attract candidates, you are easily able to narrow your target market...
Continue reading
  0 Comments

Before you start a business, make sure you have a safety net. Here are 13

Entrepreneurship is inherently risky and having a great idea for a new business, product or service, isn't a guarantee of success. It's widely reported that most startups fail within the first two years and that running out of cash is one of the most common causes of startup failure. No matter how well prepared you are, there are always going to be unforeseen challenges that create unexpected costs. That's why every entrepreneur needs some form of safety net. To help you choose the best fit for ...
Continue reading
  0 Comments

Your latest startup failed. Here's how to learn from it and bounce back (in 5 steps)

There are plenty of entrepreneurs who experience multiple—and sometimes spectacular—failures before accomplishing their dreams. And very few startups achieve success without experiencing at least some failure along the way. This is where entrepreneurial resilience comes in. Your ability to bounce back depends on how you respond to failure. And your future success depends on what you learn from failure that you can take forward to your next venture. Here, John Boitnott shares "a simple and effect...
Continue reading
  0 Comments

15 ways start-ups conquer PR & media relations

Despite being a powerful tool for building a brand, the role of PR is often misunderstood and undervalued. Some business owners think of PR as damage control when a company's reputation is at stake, while others confuse PR with marketing. Unlike marketing, which aims to boost sales by speaking directly to consumers, PR aims to build positive relationships through media coverage. To help you understand how PR can help your business, William Comcowich shares here some top tips for from PR speciali...
Continue reading
  0 Comments

5 key areas for startups to outsource

You're ready to launch your startup, and you know you need employees. Does the task seem overwhelming? Recruiting, hiring and training employees is an intimidating task for even the most seasoned businesses. What's more, you may not have the finances you need in the beginning to provide a salary, benefits and even office space and equipment for an entire team. This is where outsourcing comes in. Outsourcing is a terrific way for startups to take care of essential functions when your budget is sm...
Continue reading
  0 Comments

How to know which ideas your company should pursue

While some companies struggle to come up with a single idea that has great potential for success, others may find it hard to choose just one from a number of promising ideas. The problem, say researchers Dirk Deichmann, Violetta Rodopoulou and Inga Hoever, is that "there is no widely shared notion of what constitutes a good idea." Rather than focusing on the usual criteria of "novelty, feasibility and market potential," they propose selecting an idea based on efficiency. Here, they share ho...
Continue reading
  0 Comments

How you define the problem determines whether you solve it

The most successful businesses are those that solve a problem and bring value to their customers. And one of the most common causes of business failure is running out of cash while building the wrong solution, because you're looking at the problem the wrong way. To save time and money in the long run, it's important to invest in fully understanding the problem before trying to solve it. With that in mind, this article shares some top tips for "properly defining a problem before attempting to com...
Continue reading
  0 Comments

18 resources to help grow your SaaS startup

One of the reasons SaaS businesses fail is because founders try to run them like any other online venture instead of addressing the unique challenges a subscription-based business model presents. While there's a wealth of books and online resources to guide you, communities to support you, and networking events to help you grow your business, identifying the most useful can be time-consuming. With that in mind, Briana Morgaine shares here a list of top resources compiled by SaaS-i...
Continue reading
  0 Comments

From the Community

Pinned Items
Recent Activities
There are no activities here yet

Join Today!

  • #ShapingtheOdds is completely free to join and use, and community members buy into the pay-it-forward philosophy of openly sharing help, knowledge, ideas and advice to fellow community members. 

    Register below, or read more here!

  • We recommend that you register and log in using the Facebook button.