From startup funds to venture capital firms to influential individuals, inDinero’s investors are a diverse group of tech industry innovators and change-makers. But they didn’t come flocking to our company overnight.
As of May 18, 2016, many employers and payroll processors are hard at work implementing President Obama’s call to more than double the annual salary cut off for overtime pay from $23,000 to $47,476 (a difference of about $458 a week). This jump immediately benefits upwards of 4 million American workers and is historic in nature because it’s a change that hadn’t taken place since 1975 when a $23k annual salary had the spending power $101,677 has today (source: United States Department of Labor Inflation Calculator).
A quick intro from the editor: Steve Kornreich heads inDinero’s NYC-based consulting team that serves entrepreneurs east of Chicago. He is the proud father of a soon-to-be 5-year-old cockapoo named Mickey.
I recently had the pleasure of joining founder and CEO of Justworks, Isaac Oates, and Founder and CEO of LawTrades, Raad Ahmed, on a panel sharing personal success stories and practical advice to entrepreneurs of all stripes. While I haven’t personally started a business, I do have the breadth of experience working with countless startups and watching them grow. I’ve worked for a big Wall Street firm and an early stage startup (we, unfortunately, did not make it), and led business development efforts for small and mid-sized financial institutions at Gartner before coming back to the startup ecosystem with inDinero.
At times you may feel like your business is moving at the speed of light (more than 186,000 miles per second). Business loans, on the other hand, have been a different story. Many a business owner can share memories of completing mountains of paperwork and then waiting months for approval on a traditional bank loan.
Today’s business loan environment is different. With technology, less paperwork, and fewer government regulations, there are now more options than ever for businesses that need additional capital quickly. Maybe not at the speed of light – yet – but much faster than in the past.
Editor’s Note: When choosing the next president or voting in any election, business owners must put aside personal opinions or beliefs and realize the broader implication of their decisions. For this article, we’ve asked entrepreneur, immigrant, and founder & CEO of Entryless, Mike Galarza to outline how different policies on immigration might affect his business, as well as the startup community and the nation as a whole. This article expresses the views of an individual, not inDinero as an organization.
After a long, contentious, and heavily covered race to the U.S. presidency, the 2016 campaign cycle is coming to end in only a few weeks. Chances are you’ve been overloaded with news and commentary and—whichever candidate you support—you’ll be somewhat relieved after the results are announced on November 8th.
But that doesn’t mean you should tune out until then. Between the candidates’ platforms, tax plans, and stances on topics such as healthcare, immigration, and consumer protection, there are important issues at stake that may directly affect your organization and industry.
Starting your own company in a world where new businesses pop up around every corner is certainly not an easy thing to do. You have to be unique; you have to be innovative; you have to know exactly what your audience wants; you have to know the exact time of year when they are most likely to contact you… The list of things you have to know seems to be endless. Therefore, saying that becoming a fully-fledged business from a small startup is an astonishingly difficult task would be an understatement.
The tools you use quickly become the backbone of any successful modern business strategy. Paired with the right team, great business tools will help your company reach its full potential. Trying to leverage the wrong ones will make it impossible for you to enhance internal productivity and increase ROI. If your tools do not deliver what you need, this is the price you will really pay.
You’ve already built your business around quality products and services, but all too often owners make the mistake of believing these will sell themselves. As a result, marketing efforts, whipped up after-the-fact, tend to be disjointed and poorly executed.
Every day your business is inundated with calls trying to sell you on some new tool or technique guaranteed to generate more business. How do you sift through all the noise to determine which marketing tactics are best suited for your business and clients? Creating a comprehensive, goal-oriented budget will ensure you stay on track and don’t end up throwing money at the wrong distractions that provide little or no value to your business.