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Conquering Legal Hurdles; Tips, for Startup Founders
For example, a financial technology startup needs to adhere to regulations like the Payment Services Directive (PSD2) in Europe or the Dodd Frank Act in the United States. Keeping up with these regulations is crucial for business continuity and protection, against penalties.
This situation underscores the importance of having proper written contracts that are legally binding in all business transactions.
Moreover, having documentation can promote transparency and accountability within the organisation.
Scaling startups need strategic hiring, prioritising critical roles, and crafting a strong company culture. Employer branding, effective recruitment planning, and technology are essential.
Early-stage startups thrive on organic reach, achieved through authenticity, engaging content, video, community building, data insights, localisation, and long-term influencer collaborations.
Maximise social media with limited resources by leveraging user-generated content, micro-influencers, automation tools, data analytics, video content, audience engagement, collaborations, and continuous learning.
Mark Ridgeon
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