Innovation + Growth

Deciding which startups are worth investing in is hardly an exact science but business owners who have experience, know their competition, and are familiar with the market are more likely to have a startup that is at least worth considering.

New companies don't necessarily have millions of dollars in the bank or the backing of a large investor to ensure that it has the money needed to operate at a loss. In many cases, startups are funded with little more than what their owners have in the bank. Therefore, it is important that you understand what lean methodology is and how it can help your business survive long enough to eventually turn a profit. Identify Waste There are many different ways in which a company could be wasting money such as paying employees too much or hiring employees instead of freelancers. Chamberland Business Accounting says it may also be a bad idea for startups to lease an office building or otherwise pay for space that they don't need at the moment. Consolidating or otherwise refinancing corporate debt could save an organization hundreds of dollars per month or more. Eliminating waste…

The shortage of technical talent is all around us. According to recent research by Korn Ferry, the labor-skills shortage in the tech sector is expected to reach 4.3 million workers by 2030. Earlier this month, the Wall Street Journal reported the IT unemployment rate at a 20-year low. Demand is soaring for jobs in data analytics, AI, and other advanced skills. If you find these statistics compelling and agree the future of work is upon us, here are three steps you can take to empower the workforce we rely on for innovation. Engage in the local tech scene Gone are the days where there was merit to the idea that top technology talent only wants to live in Silicon Valley. While many cities all over the world are re-positioning themselves as “tech hubs,” here in Orange County, California, we are engaged in a number of initiatives to retain the talent we…