Deciding to hire an accountant or bookkeeper is a big step. Whether you are looking to hire someone part or full-time to help with your books or just outsource what you need help with, it is important to hire the right person for the task.
Peer-to-Peer Start-ups like Lending Tree, AirBnB, Task Rabbit and others are great businesses. They provide a tremendous service, have high valuations and strong revenue growth. However, getting to the point of lift-off is not always an easy thing to do. There are a few tips that can help companies get from zero a virtuous cycle of growth.
You know them now as successful CEO's and entrepreneurs, but they all started out somewhere. Their life lessons are some of the most important pieces of advice you will ever receive, but reading each autobiography is a time-consuming task. Luckily, we have compiled the top five lessons to learn from marketplace entrepreneurs for you.
You are an entrepreneur! You are passionate about your product or service; you are excited about creating your brand; you are working hard to grow your market footprint; you focus much of your attention on bringing in new orders.
First-time entrepreneurs tend to misstep on the road to business and financial success, not because they're bad at business, but because entrepreneurship is a learned skill. It takes experience, practice and persistence to make a successful business a reality.
For first-time entrepreneurs, accounting for business income, expenses and taxes may seem daunting especially if the business has inventory or fixed assets. This is because there are different rules regarding recognition of accounting and taxable income, along with deductible expenses.
The business climate in Colorado is strong and welcoming to entrepreneurs. Looking at the Kauffman Foundation rankings, Colorado shows up as second on The Index of Mainstreet Entrepreneurship; fifth in Startup Activity and seventh on the Index of Growth. With those numbers, it is easy to say that entrepreneurship in Colorado is alive and well.
At first, launching a peer-to-peer based startup can seem like a challenge. However, with these simple tips in mind, your startup can blossom before your eyes.
If you are planning on starting a business, you have likely heard advice from many people, telling you exactly what you should and should not do to make your business successful. Many of these came up while working on Stow, where I am a co-founder. Unfortunately, there are many myths about starting a business. These myths may prevent you from ever starting a business or may cause your business to not be successful once it is started. A 2015 Entrepreneur article talked about some of these myths.