Good employment report

mw-em690_yellen_20160513142617_mg
Federal Reserve Chairwoman, Janet Yellen.  Source:  Getty Images

The U.S. labor market in July capped off the best two-month stretch of hiring so far this year, a sign of strength for an economy that has been showing mixed growth signals in recent months.

Nonfarm payrolls rose by a seasonally adjusted 255,000 last month, the Labor Department said Friday. Wages for private-sector workers matched their strongest annual pace of growth in seven years, more Americans entered the labor force during the month and the jobless rate held steady 4.9%.

This could mean greater spending on goods and services such as the goods and services that your business sells  =)

Ain’t too proud to beg

hurley-logo

This story is about Bob Hurley and the meteoric rise of one of the biggest surf brands in the world and a testament to the reality of the American dream.

These days, Hurley is known as a mega-brand, an archetype for all other hopeful companies to follow – but it wasn’t always so. Hurley was once the humble brainchild of a forward-thinking, passionate, sometimes eccentric and always intelligent man.

As an avid surfer it’s always interesting to see leisure sports brands turn into major companies.  As with most companies, financing is crucial.  For Hurley to move from startup to growth stages Bob had to find seed capital.  Even with promising companies founders have to ask around a lot to secure financing.

Bob begged.  He’s not ashamed of begging and begged a lot.  To any lender that would take a meeting.  Begging at 10:48.  Warning some nsfw language.

0

Don’t beg like Bob Hurley, contact us today for your fundraising needs!

Health and Wellness App Pitch Deck

DIEM is an improvement on existing health and wellness apps by giving actionable, real-time insights into your nutrition, fitness, lifestyle, and community. DIEM then provides you answers, tips, motivation, and affirmation all along the journey to better health & wellness.

Last year Your Startup Guru had the pleasure of helping DIEM with their pitch deck and key personnel bios.  At the time, their product was named something else.  We are thrilled to see how they pivoted to adjust their name and service.

Contact us to launch and grow your health wellness app.

The Lean Startup

the-lean-startup-summary

Last week a client asked me about the Lean Startup. As a small independent baker, the Learn Startup methodology didn’t really meet his needs. Actually for many small businesses, they’re already utilizing some of the Lean Startup’s principles: split testing (e.g. which new cupcake idea is selling better), pivoting (e.g. advertise better selling new cupcake), build-measure-learn (e.g. ask customers what they like about each cupcake, why, etc. then adjust the recipe if needed).

The Learn Startup is more applicable to large/new & complex products and/or services. When you have hundreds of ideas, tweaks, iterations, it can very easy to get caught-up in the labyrinth of product/service development. Essentially, it comes down to starting with a minimum viable product (MVP), have users play around with it, gather data on (i.e. with actionable metrics, interviews, use studies, etc.), decide on which steps to go next. This measured, calculated, and insightful process prevents over-developed products/services that do not necessarily have a market/meed a need.

As mentioned, the Learn Startup method might not be useful for all entrepreneurs but if you are in the processes of developing a large/complex product or even a brand new/novel product, it might be worth your time to check out this book and install some informational gathering and pivoting processes to make sure that it closely meets a market need.

Community Center Accounting

Avalon Carver Community Center

Avalon Carver Community Center came to us for help with its accounting and tax filing needs.

About Avalon Carver

Avalon Carver works to care for the physical, mental, and spiritual needs of individuals and families through education, community outreach, and empowerment.

Since 1940, Avalon Carver in South Los Angeles has been a place for people from diverse backgrounds to join together in one space and work to make their community thrive. Built on the vision of community leader Mary B. Henry, it has strived to become a place of growth, unity, family, and positive change for South Los Angeles. It has grown to become a centerpiece of the diverse community fabric of the neighborhood.

Launch and Grow Your Business

Contact us today for your bookkeeping needs.

Up ↑