In a previous article on this blog, we explained the basics of setting up an expense policy. There was just one thing that we left out — the kinds of expenses you should include. That’s what we’re looking at today.
For modern businesses, relying on a company credit card for day-to-day expenses makes sense - at least in the short term. You want to enable your staff to get out and do their thing, and the company plastic is a simple way to let them get the job done. For most companies, this is option number one.
For many, proper product marketing is an afterthought. Either the business is too focused on generating leads, or it feels that the existing marketing team can handle product launches. But product marketing is more than just launches. And much of the work simply can't be done alongside your other marketing projects. As part of the eFounders 'How
Communication is essential in human interaction. It's vital in relationships whether they're personal or business. This critical human trait allows us to connect, share emotions, exchange information, and solve problems.
Managing finances has to be one of the most thankless tasks in all of business. There's not a lot of glamour, and other staff can easily take you for granted.
There are plenty of things to love about credit cards. Most obviously: paying for things is pretty much always simple, almost anywhere in the world.
Issuing an expense advance represents a real challenge for companies. You need to be able to give employees a way to pay things, but giving the money up front can feel risky. For smaller expenses, businesses tend to rely on company credit cards, or ask the employee to pay out of their own pocket. But both of these options are limiting: team
Modern marketing teams have a long list of expenses. Even if you’re a bootstrapped startup, you’ll need tools and services to manage many of the tasks that you can’t do on your own.
Every startup has room for improvement. In fact, most have so many potential changes to make, it can become paralysing. When you'd like to change everything, you end up changing nothing. So why don't we just focus on one important reform? One thing that could make a real difference to your business now. We asked 23 real startups or small
Chances are you became the CEO of a startup because you love to build something and watch it grow. You almost certainly didn’t become a CEO because of a burning passion for Excel and expense management. If so, that’s cool too - we’re not here to judge.
Looking at the international business landscape today, it’s hard to ignore the fact that some companies have grown incredibly large in a relatively short amount of time. As it turns out, this phenomenon has two different terms that might seem interchangeable — growth vs scaling.
So you've read up on the benefits of having an expense policy, and you've set one up for your company. Great decision! It's important, however, to avoid seeing it as a static entity that never changes. Your company is constantly changing, so the policy will end up being out of date before you know it. Instead, you should treat it as a dynamic and