Archive for February 2018
How to Put Together a Competitive Benefits Package
It’s a dilemma that plagues many entrepreneurs: Should you offer employees a benefits package? And, if so, what should you offer that will meet the needs of your workers without incurring undue financial liability on the business? While some bootstrapped startups have opted to either slash or cut benefits entirely, giving employees the responsibility of…
Read MoreHow to Build an Effective (& Legal) Internship Program
Hiring interns is an excellent way to energize your startup with fresh, young talent while also providing them with the training and real-life skills to help launch a career down the road. In addition, bringing interns on board can give new managers an opportunity to learn the ins and outs of overseeing other workers. Ideally,…
Read MoreStartup Financial Audits: Why, When, and How
Having anyone with the title of “auditor” poke into your startup’s finances is a scenario that instills fear and terror in the hearts and minds of many entrepreneurs. And yet, getting an audit is a practical and effective way for startups to review their financial books and make sure the business is compliant with accounting…
Read MoreHow to Prevent a Bad Hire (And What to Do if You Need to Let One Go)
It’s a scenario that unfortunately too many entrepreneurs have faced in their career: the hire they spent so much time grooming for a specific role is not working out. Not only has time and money been lost but there’s also the added wrinkle of employee morale being lowered as a result of this HR goof.…
Read MoreBuilding an Accounting and Finance Team: From Zero to CFO
We are often asked by startup clients when is the right time to put together an accounting and finance department. The answer in an ideal world? As soon as possible. As we discussed in the blog post entitled “Startup Accounting”, it’s crucial to bring on a professional accountant, usually on a contract basis for cost…
Read More