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3 Smart Money Moves to Make Before Starting a Business

Success

Of course, much like with a vacation, there will always be moments that don’t go as planned with a new business. Although it’s tempting to get scrappy and assume you’ll learn and create a financial plan for your new business on the fly, it’s better to think ahead so you can avoid costly mistakes that you can’t afford.

Finance 345
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Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. How does HR Outsourcing work for small businesses?

Payroll 52
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What electronic record-keeping software best fits your needs?

BMT Office Administration

These software services can be a budget-friendly option for easy file storage and document sharing, but they do also come with some limitations: Pros: Most of the top cloud-based file storage and sharing tools are fairly user-friendly and offer a minimal learning curve. Though of course, it is more costly. eFileCabinet.

Filing 98
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Underwriting employees’ educational expenses tax-free

BMT Office Administration

Refresher courses, seminars, continuing education courses. For example, computer techs could go to school to learn a new software program. But this approach has many steps and pitfalls, so it’s advisable to get some legal and tax advice. And finally, it doesn’t matter whether you pay the educational institution directly.

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My thoughts on the multi-VA model

Virtual Moxie

Legally, and with lower risk, it could profitably be run with employees. Bit O’Moxie : Look…if you’re going to set up a multi-VA firm, do it legally and minimize your risk. and do it legally. I have also coached other VAs to (legally) create a successful 6-figure VA business. I also run a multi-VA firm and do it legally.

2010 100