#ShapingtheBlogs

7 business lessons from famous entrepreneurial families

Many challenges come with starting a new business and advice from experienced entrepreneurs is always a great tool to help stay motivated. From small shops starting out to industry giants, there is always something new to learn from the trials and tribulations businesses face, especially when working with family! Business icons such as Ralph Lauren and Sam Walton are just a few of the driven leaders of powerful families Fundera featured on their recent infographic highlighting business lessons f...
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Checklist for finding a business services company

Hiring staff to take care of your IT, human resources, and accounting may not be feasible for your startup. This is why it's very beneficial for startups to hire a business service company. If you're currently in the market for an outsourced team, take a look at this checklist for finding a business services company which will work well for your needs. Know your need Before finding the right fit, you first need to know what your needs are. Make a list of the tasks you need help with. Create a pr...
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Success in changing world

Climate change, political unrest, and corporate disruption are today's reality. Those who may have doubted that change was necessary now recognize that evolution is required for survival. The question is now HOW to change. Business transformation for future success requires: ​Executive commitment to change for future relevance and value to customersDeep understanding of customer's future needs, directions, and challengesCollaboration with eco-system partners or value network to maximize the valu...
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Why you are big enough to outsource

As the owner of a startup, your time is at a premium. You know that everything takes a lot of time, and when you're rushing from one task to another, some things might fall through the cracks. This is where outsourcing comes in. While you spend quality time building your business, you let others do the support work. We run into many young startups who don't think they are large enough or established enough to outsource. In this article, we'll take a look at why you are big enough to outsource ev...
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31 tips for using gig economy to get ahead your competition

People working as a freelancer is not a new thing. Contractual workers have been around for a long time. They get paid for their output, not by the hours. They get payment for their work, but there's no benefit. This labor model isn't a modern concept, but it is slowly but surely taking over full-time jobs. This is called gig economy. The emergence of the term gig economy was a response to the burgeoning demand for more freelance workers than regular employees. So while working as a contractor f...
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The costs of a bad hire

Have you ever asked yourself what it costs to hire an employee who doesn't turn out to be right for your business? The U.S. Department of Labor says it costs you at least 30% of your employee's first-year earnings if they're a bad hire. For many startups, losing five figures because you hired the wrong person may mean the difference between success and failure. Let's take a look at the costs of a bad hire, so you can avoid the devastating consequences to your startup.  Initial hiring costs ...
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How startups can attract better talent by improving their job postings

Hiring new team members for your startup is a lot like marketing your company, but many businesses don't approach it this way. If you want to hire the absolute best candidates, you want to make sure your job posts are attracting the right job seekers by providing them extra information to help them decide whether or not to submit a resume. This involves using your marketing skills to craft your job postings. Here are a few ways startups can attract better talent by improving their job postings. ...
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Lead generation tips for startups

Generating leads can be difficult for new and seasoned startups alike. This is where content marketing comes in. Let's take a look at a few lead generation tips for startups and how you can use your content to build trust with potential buyers. Content marketing According to one report, nearly 90% of marketers are using this tool in their marketing strategy. What exactly is content marketing? It's when you create and distribute content consistently that users find valuable, relevant, educational...
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What came first: technology or customer needs?

While the disruption of traditional businesses is often attributed to technology growth, the real driver of today's transformation to a digital world is customers - with increased demands for convenience and choice. Through innovations made possible by the power of technology, consumers have easy access to a broad range of choices.For example, via car sharing apps we can now easily choose between Uber, Lyft or taxi service - based on cost and convenience. With increased ease of daily activities ...
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Why you should consider building an online community around your brand

Two of the most important things you can do for your business are to build relationships with your customers and engender their loyalty. One of the best ways to do this is through online communities. You want to encourage your customers to feel like they're a part of something special. This in turn encourages their loyalty. Here are a few reasons why you should consider building an online community around your brand and some suggestions for making this happen. Communities increase retention rate...
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Achieve your mission: join the 15% of successful business leaders

Digitalization allows entrepreneurs to disrupt traditional markets and deliver new services overnight. However, over 85% of new initiatives fail. Success for Amazon, GE, and global entrepreneurs starts with clarity of mission, market and customer needs plus the definition of the business model and market approach to creating value. For example, Amazon's mission to build a place where people can find anything they might want to buy was the foundation behind their start as online bookseller throug...
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VivaTechnology shines a spotlight on African startups

The 2018 edition of Viva Technology, the global event for innovation, startups and digital transformation is shining the spotlight on African startups. Technology is revolutionizing Africa, say the Viva Technology organizers, and nation states will be showcasing their current success stories and future potential. A dedicated Afric@tech zone will host up to 50 startups from four key sectors and African startups will also be demonstrating their expertise in various labs and challenges held through...
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Is your company making these accounting mistakes?

As the owner of a startup, you are probably trying to do a lot with a little, and that may mean you're doing your own accounting. While you may try to handle your accounting on your own, it's usually not the best idea, especially if you're working with investors and managing payroll. If you make a mistake in your accounting, you can end up with a huge mess on your hands. Therefore, we have compiled a list of common accounting mistakes your company may be making for you to review. If you find tha...
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6 proven ways to get referrals without asking for them

One major consequence of the internet has been the proliferation of choice, in all arenas. Remember when you walked into clothing stores and picked out what was on the shelf? How quaint. Looking for a new kind of toothpaste? Here are 75! When it comes to material objects, figuring out what you need can usually be done through online reviews. For services, however, the currency is still the personal reference. Think about it: when you need a service, would you rather read 400 online reviews, then...
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4 things founders & management teams need to consider before selling a company

​Preparing for the sale of a company can be a long-term process and one that can zap the energy of even the most energetic CEO. We've put together a shortlist of four things founders/management teams need to consider before selling a company. #1: Keep moving forward As you enter the sales phase, you might be tempted to scale back your day-to-day operations. This isn't a good idea. You want to keep your business running as usual, just as if a sale isn't right around the corner. This guarantees yo...
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