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News Roundup for SME Businesses & Startups

50 World-Changing Startups to Watch Inc. has published a list of the 50 top emerging companies worldwide that “are tackling the world’s most pressing problems” as determined by Kairos, an early-stage investment fund based in New York that finances the most promising problem-solving startups. Its 2018 list of 50 winners were culled from some 2,500 early-stage startups from more than 65 countries worldwide. The 50 startups that made the cut are listed in alphabetical order, and range from a “stealth Los Angeles-based company focused on solving A.I. cybersecurity issues” to a Mexico-City-based venture that “wants to make early breast cancer detection as easy as putting on a bra”. 8 Surefire Ways to Grow Your Business in 2019 An elite group of 2,000 top U.S. entrepreneurs, executives, and inve...

News Roundup for SME Businesses & Startups

7 Ways Startup Businesses Can Protect Their Data Even With a Budget The author prefaces this article with the disturbing statistic that “45% of small businesses were victimized by cyber attacks such as data breaches, hacks, and malware infections.” But for startups trying to grow on a tight budget, hiring a professional IT and employing data security solutions can be cost-prohibitive. Here the author discusses seven ways small businesses can protect their data, beginning with recognizing the very real risk of cyber attacks and their consequences, including legal problems, financial loss, and reputation damage. From preventing BYOD (bring your own device) explosion to encrypting sensitive data, these are measures budget-strapped startups can take to avoid being the victim of a cyber attack....

News Roundup for SME Businesses & Startups

Will Flexible Workspaces Disrupt the Traditional Satellite and Branch Office Markets? No longer will flexible workspace be the exclusive domain of entrepreneurs and small business owners, as corporate businesses are seeing the benefits of flex space for their satellite and branch offices. As an alternative to traditional satellite and branch offices, flexible workspace is a tailor-made solution that may prove to be a disruptive, long-term trend in this segment of the office space market. Here the author discusses why there is far more driving the move to a flexible workspace by corporations than merely low-cost office space. Why small biz owners should hope for 4-star reviews over 5 on Yelp and Google As a small business owner, you would think a perfect five-star review rating from Google,...

News Roundup for SME Businesses & Startups

Will Flexible Workspaces Disrupt the Traditional Satellite and Branch Office Markets? No longer will flexible workspace be the exclusive domain of entrepreneurs and small business owners, as corporate businesses are seeing the benefits of flex space for their satellite and branch offices. As an alternative to traditional satellite and branch offices, flexible workspace is a tailor-made solution that may prove to be a disruptive, long-term trend in this segment of the office space market. In this article, Telsec’s marketing and community manager discusses why there is far more driving the move to a flexible workspace by corporations than merely low-cost office space. Reduce Turnover of Hourly Workers With These 7 Tips As a business owner, you’re likely familiar with the cost of turnover for...

News Roundup for SME Businesses & Startups

These 4 myths about the skills gap will hold your company back According to PwC’s 21st CEO Survey, an astonishing 80% of executives are concerned about the availability of key skills, leading them to invest more in training and recruiting. In this article, the author cites the coauthor of The Expertise Economy: How The Smartest Companies Use Learning To Engage, Compete, and Succeed, David Blake, in discussing why the skills gap won’t be resolved by outdated training methods and hiring expectations. To source or create employees with the needed skills, Blake contends, leaders need to get past four common myths about learning: colleges will solve the skills gap; traditional school methods are best for company training; quick learners are smarter; and lastly, external factors motivate learnin...

News Roundup for SME Businesses & Startups

5 Essential Steps to Prepare Your Company’s Finances for the Holidays With the holidays just around the corner, it’s time to square your business finances so you’re set up for success. Here the author discusses five tips to help you prepare your business finances for the holidays, from running key accounting reports and analyzing your sales to ensuring you have a strong cash flow and streamlining your invoicing process. 3 things modern managers can learn from decades’ old studies of human behavior And what is old is new again: studies from more than a half-century ago hold classic management lessons for business leaders. The author provides an in-depth discussion of three evergreen studies of human behavior, and what managers can learn from them: “conformity is powerful”; “diffusion of res...

News Roundup for SME Businesses & Startups

Startups: From the Basement to a Shared Office Space A hallmark of startup growth is when it moves from the business owner’s basement to an office. It was fledgling companies such as these, now called startups, that were among the first to explore shared office space as an alternative to relatively expensive traditional office space. Since, many others – freelancers, professionals, and even Fortune 500 companies — have also opted for shared office space and flexible workspace in its many forms. Here the author details the options for shared office space and flex space, including coworking and semi-private office space, as well as the option of business centers. He also discusses the pros and cons of each alternative office space. The Toronto Entrepreneurs Conference & Tradeshow H...

News Roundup for SME Businesses & Startups

8 Money Intelligence Habits Used by the Most Successful CEOs “Having good control of your finances as a startup, and even as a seasoned businessperson, is what really translates into success,” the author begins. Going beyond acquiring the needed capital to finance your startup, here are eight keys to making smart money decisions from the most successful CEOs, ranging from limiting your budget for advertising to avoiding higher valuation. 7 Steps to Successful Financial Planning Without an Adviser Consulting with a financial adviser can carry a big price tag for small business owners. Financial planners often require a minimum amount of investable assets, and for many that requirement amounts to $250,000 or more. However, the author notes that there are less expensive (even free) resources ...

News Roundup for SME Businesses & Startups

Shared Office Space Toronto If you do business in Toronto or oversee a remote team in the area, you may have considered renting shared office space to lower your operational costs. Here the several forms of shared office space are discussed, from coworking and semi-private office space to team and flexible workspace, including the pros and cons of each option. How To Prepare For a Future of Mobile Transactions Mobile payment tech for expedient transactions was slow to take off, but Near-Field Communication (NFC) like Apple Pay is well on its way for both online and brick-and-mortar businesses. Here the author details how to prepare for “a contactless future” of mobile payments, with the assurance that “setting your business up for smartphone transactions is easier than you might think.” Ho...