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“Security-by-design” aims fall short, and building costs spiral as a result

Workplace Insight

A new report from Brivo claims that, while security is a new priority in building design, a mismatch between ambition and reality can lead to spiralling costs. When responsible for security post-build, many report that fixing physical security problems adds additional costs as high as 20 percent.

Legal 52
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How to Start a Nonprofit Organization In 5 Simple Steps

Success

Donors asked if they can deduct the cost of the donated items on their tax return, and a few people suggested you make your project legal by filing for nonprofit status. Estimated budget: An estimated budget is also essential for any new business. The cost to file Form 1023-EZ is $275.

Filing 162
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How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

I would advise any entrepreneur—but especially those starting a business for the first time —to create a personal budget. With that in mind, put these smart budget practices in place before you face any lean times: 1. Budgeting effectively and saving as much as possible start by getting visibility into all of your spending.

Budget 279
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3 Smart Money Moves to Make Before Starting a Business

Success

Having a good handle on your monthly expenses and savings to cover unexpected non-discretionary costs can help offset the uneasiness that comes with this adjustment. Tools such as Mint and YNAB (You Need a Budget) can be great resources for budgeting and tracking this key financial information. Do your prep work.

Finance 345
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Why Volunteering in Your Community is Important

Success

One of the most significant reasons volunteering is important is it provides the nonprofit with cost-effective manpower. Just as with any company, a 501(c)(3) benefits greatly from these skills and others, ensuring that the nonprofit can serve those in need.

Resume 215
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The Biggest Financial Mistakes to Avoid in Your 20s

Success

If that’s not possible within your budget initially, you can work toward this goal over the course of a few years. A lack of financial literacy costs Americans thousands every year—and that could be particularly true among younger people making hefty financial decisions for the first time.

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How to Name Your Business

Success

What does it cost (not only in terms of price, but also time)? Is it legally available? Trademark Database at USPTO.gov to see if the name is legally trademarked. An explicit, familiar term worked best for us, because we were on a budget. Why should I believe you? What’s in it for me? Is it easy to say?

Legal 243