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How to Get the Best Auto Insurance Quote for Your Startup


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Shopping for personal auto insurance can be a pain, and it only gets more difficult when you’re shopping for your business. It’s almost like playing a game of chess against Bobby Fischer: No matter what you do or say, you still feel like you’re going to lose.

So how can you make it easier? When researching auto insurance options for your business, the first road you should take is one you’ve already been down. Start by investigating the provider you currently use for personal home, auto, and general business liability insurance.

Providers love to offer discounted monthly premiums to people who bundle accounts with them, and while commercial and consumer auto policies are two completely different animals, most companies provide both.

Get add...



Article

How Can I Creatively Pay My First Employees?


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Somehow the startup world has convinced people to work for "free" on a regular basis, with the theoretical benefit of some big payout on equity later.

The truth is, those bets rarely work and once the pixie dust of the new startup wears off, what's left is a bunch of frustrated employees who can't pay their bills.

Although we have little to no money to pay today, we should always try to incorporate some level of cash compensation, even if it's incredibly small, to help offset the cost of life that our team is going to inevitably face.

When our team is more focused on going broke than contributing, we're not really doing anyone a favor!

Use a Compensation "Ramp Up"

Compensation doesn't have to be "all or nothing."

Just because someone mak...



Article

Celebrate the Tiny Wins Like Super Bowls


  

When we talk about celebrating startup wins, it's not about a big funding round. It's the fact that we just made payroll again.

Along the way, we forget to celebrate those tiny wins. Instead, we get distracted by the day-to-day problems, the emotional roller coaster, and the grind that is startup life.

What Kind of Wins Should we Celebrate?

Every possible positive step.

We just shipped a feature. We increased site traffic by 10% over last month. Our last customer just sent us a glowing review to the team. Every last one.

Each of those victories compounds into the overall goal. When we overlook them, or worse, fail to recognize them within our team, we lose out on the opportunity to build positive morale and momentum.

In a startup, morale...



Article

My Startup Stalled — Now What?


  

“When we first launched things were going gangbusters. But since then, things have kind of flat-lined. The business seems stalled. What do we do from here?"

Is it a blip or a trend?

Part of the challenge with running a startup is that we simply don't have any history of whether past performance was the future of our business or "just a really good quarter.”

For this reason, it's hard to tell whether we're really stalled until enough time has gone by that we can see the writing on the wall.

We imagine a "successful startup" always has a stout growth trend that runs "up and to the right" on every chart. But that's actually not really true.

Yes, there are some standout companies that smash records, but most companies grow slowly over a long ...



Article

6 Ways Overwork Harms Your Business


  

In America, we tend to value workaholism.

We often admire someone who works long hours and talk about how amazing it is that someone is a “machine.”

But is it really best for you and your business?

Research indicates that overwork harms your overall productivity and can even cause problems for your business. Chances are, instead of working more, you probably need to take a break from work.

Before you get too excited about working long hours, consider some of the ways that overwork harms your business:

1. Leadership Deficit Comes with Overwork

You’re the leader in your business. Overwork harms your business by creating a potential leadership deficit. According to an article in the Harvard Business Review, working too hard c...



Article

Getting Hacked: What to Know and How to Recover


  

Unfortunately, my site (SujanPatel.com) was hacked again, but I’m happy to report that everything is back up and running – no data lost and no personal information compromised.

I wish I could say that this was the first time somebody messed with my site, but what I’ve come to learn is that getting hacked is part of the price of admission for running on WordPress.

Don’t get me wrong – I love WordPress. The fact that it’s open source and widely adopted means tons of great templates, plugins and add-ons, many of which I use to power this blog. But those same pros turn into cons when you take into consideration the fact that hackers have the same amount of access as you do.

Dealing with the potential for WordPress hacks requires two things – be...



Article

How to Stop Company-Wide Games of Telephone


  

Imagine stumbling across a Glassdoor review of your company filled with damaging declarations and seemingly unfounded statements. You’d be shocked, right? I know I was.

Our former employee’s description seemed so foreign, I didn’t recognize the company being described. According to the review, we were growing too fast, too furiously; we were operating in a knee-jerk manner.

It was clear the past employee wasn’t aware that we look to hyper-vet everything we do. Decisions are hardly made on whims; they’re quite nuanced. Of course, none of that matters to employees if they’re not hearing the truth.

What had happened? To make a long story short, complete miscommunication on our part.

We’re not the only business that’s dealt with miscommunicati...



Article

16 Surprisingly Educational Hobbies


  

Question: What unrelated hobby has taught you the most about business?

Marathon Running

“Running involves discipline and a lot of hard work. You can’t fake it when it comes to finishing 26.2 miles. You definitely get out of it what you put in. Not only does it involve physical toughness, but a considerable amount of mental strength and focus as well. Comparisons can be drawn to business when it comes to knowing your capabilities, working hard, using your wits and not giving up.”

Michael Quinn
Yellow Bridge Interactive
@ybinteractive

Poker

“Poker is a game of incomplete information. You know what cards you have but are making educated guesses and playing odds based on your opponent’s cards. Business is similar...



Article

When Should My Side Hustle be Full Time?


  

We've been working around the clock on our side hustle with the dream that one day it'll be our full-time gig.

But now that we're getting some traction, the real question is, when do we go all in?

The best Investor — our current paycheck

There will never be a more equitable investor than our current paycheck.

Full funding, no pitch process, and market compensation from Day One.

Compare that to when we try to actually raise money in a grueling pitch process, spend months with no income, and have to work for half of what we made last year.

While our current investor (our paycheck) has a lot of hours and distractions, it has some really important benefits: it's predictable, it's consistent, and if shit hits the fan, we just focus on that.

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Article

The Challenges and Rewards of the Blended Workforce


  

The blended workforce is made up of people who work full-time and part-time, as well as temporary workers, freelancers, and contract workers.

The so-called “gig economy,” or the rise of popularity in freelance work, that took root with the recovery from the 2008 recession and expanded with the advent of the Affordable Care Act is making the blended workforce the workforce of the future and the workforce of today. Around 40 percent of today’s labor force is made up of non-traditionally working people, including freelancers (sometimes referred to as agile talent, 1099s, consultants, contractors, etc.), temporary workers, and self-employed workers.

As with any labor force, the blended workforce offers advantages and disadvant...



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