The Startup Magazine

MARCH 4, 2023

Perhaps it won’t be wrong to say these staggering numbers are a wake-up call for organizations to take employee retention seriously. Otherwise, they will (sooner or later) experience the resource drain, high overhead costs & low employee productivity. What Is Employee Turnover? So, let’s get started.

Employee 159

Employee Management Software Review Technical Review 159

Up and Running

OCTOBER 13, 2022

As you find your footing and begin to scale, you might feel ready to hire a formal executive team. What’s right for one company may not make sense for another, but the goal is always the same — to hire talent that will ultimately help the business thrive. When is the right time to hire an executive team?

CTO Hire 163

CTO Hire Fractional CTO CTO Hiring 163

Startup Professionals Musings

DECEMBER 11, 2019

These days, it is almost impossible to find a small business where everything is done at the home location, by full-time employees. These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure. Hire and train your own managers for internal and external work projects.

Entrepreneur 303

Entrepreneur Philippines Bandwidth Cofounder 303

Startup Professionals Musings

SEPTEMBER 29, 2021

In my experience as an employee, up to an executive, in large companies as well as small, I’ve found that people who are consistently negative and complain are a big constraint on productivity, as well as the most difficult management problem that most business leaders face. Hire only people with positive and can-do attitudes.

Employee 371

Employee Salary Hiring Stock 371

ReadWriteStart

MAY 7, 2021

One major reason is that unless you don’t put effort into hiring the right talent, the operational functions suffer. However, it is important to plan your hiring campaigns with a specific purpose when the economy is down amid the pandemic. 10 Important Hiring Tips for Startups in Post COVID Era. Consider Remote Hiring.

Hiring 159

Hiring Technical Review Software Review Startup 159

Startup Professionals Musings

DECEMBER 13, 2019

The problem is that more SKUs dramatically increases complexity and cost, when you can least afford it. Buy too much inventory too soon to get unit costs down. Unit costs are important, but don’t forget about the cash flow hit, extra storage costs, and the probability of obsolete inventory due to necessary updates or pivots.

Technical Review 306

Technical Review Metrics Social Media Channel 306

Startup Professionals Musings

AUGUST 19, 2022

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Don’t let one incident, observation, rumor, or misunderstanding cause a rush to judgement, or hiring mistake.

Analytics 303

Analytics Hiring Open Source Employee 303

Startup Professionals Musings

APRIL 17, 2022

The challenge is to recognize and recruit that ideal partner match early with minimal cost and risk. If one of your core values is exceeding your customer expectations for quality and service, and your potential partner ascribes to the low cost, high profit mantra, a successful partnership is highly unlikely over the long-term.

Partner 385

Partner Software Review CTO Hire Cofounder 385

The Startup Magazine

APRIL 11, 2024

A growing number of companies are hiring remote employees. Supplying tools and equipment Your employees will need certain equipment and tools to work. There is no legal obligation to supply this equipment to employees. Should you pay for employees’ internet connection? This is something that you need to weigh up.

Hiring 133

Hiring Technical Review Software Review Security 133

Startup Professionals Musings

FEBRUARY 24, 2020

One of the most stressful and unanticipated challenges that comes with starting a new business is hiring and managing employees. While this approach appears to cost more on the surface, it often actually costs you less, when you consider the hidden costs of rework, poor customer satisfaction, employee management, and training required.

Technical Review 308

Technical Review Due Diligence Startup Employee 308

TechEmpower

MARCH 4, 2024

In testing, AI can simulate a multitude of scenarios, predicting performance outcomes and potential failures before they occur, which reduces the risk and cost associated with physical prototyping. It can also optimize logistics through route and delivery scheduling, leading to reduced operational costs and improved delivery times.

Generative AI 295

Generative AI CTO Hire Fractional CTO Software Review 295

Both Sides of the Table

NOVEMBER 14, 2017

As a startup in this phase you often raise capital, get press, hire staff and everything feels possible. MakeSpace (as he named it) would help you get your excess goods into low-cost warehouses. How long does it take me to pay back my original customer acquisition costs? As an early-stage VC I love this phase.

Operations 286

Operations New York City Technical Review Startup 286

YoungUpstarts

SEPTEMBER 30, 2020

A strong third-party risk management strategy will increase transparency, streamline operations, and cut costs. Designate an employee to steward each aspect of the relationship. Third-party risk management is the discipline of managing risks like these to prevent, or at least mitigate, any potential damage to your operation.

Software Review 264

Software Review Technical Review Due Diligence Management 264

YoungUpstarts

DECEMBER 29, 2020

In the past, working remotely was considered “normal” for entrepreneurs or independent contractors in the gig economy only, but organizations wanted employees, and consultants, to be onsite and working in the office. Employees clearly want and enjoy the flexibility. Cost Savings. This greatly narrowed the talent pool.

Technical Review 275

Technical Review Cofounder Leadership Employee 275

The Startup Magazine

FEBRUARY 16, 2022

DataRails , the financial analysis and reporting software startup, has announced the hiring of David Rosenberg as the company’s new VP of customer success. Rosenberg comes fresh from managing the growth of Keyrus, a data consulting company, from 35 to 120 employees. billion for businesses in the United States this year.

Hiring 134

Hiring Software Review Customer Israel 134

Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Cut costs to stay alive for 24 months. Payroll costs/other variable costs. See if your fixed costs are really fixed, or will they agree to defer some for higher payments at a future date. Try to protect the most vulnerable employees.

South Korea 334

South Korea Salary Business Model China 334

Steve Blank

APRIL 10, 2019

VC’s have just changed the ~50-year old social contract with startup employees. For most startup employee’s startup stock options are now a bad deal. As Venture Capital emerged as an industry in the mid 1970’s, investors in venture-funded startups began to give stock options to all their employees. Here’s why.

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Stock Options Stock Vesting Common Stock 335

The Startup Magazine

JUNE 9, 2022

Industrial and technological revolutions have been changing the global job markets worldwide, and hiring the right talent is becoming difficult by the day. Fading sense of so-called employee loyalties or feeling of belongingness. Rapidly increasing expectation levels of employers, employees, and clients. Faster Job change rates.

Hiring 130

Hiring Japan Bandwidth Technical Review 130

Steve Blank

OCTOBER 24, 2017

Hire a CEO to Go Public. The VCs would hire a CEO with a track record who looked and acted like the type of CEO Wall Street bankers expected to see in large companies. The role of the independent member was typically to tell the founding CEO that the VCs were hiring a new CEO.). People had to actually pay you for your product.

Founder 281

Founder Technical Review CTO Hire IPO 281

The Startup Magazine

NOVEMBER 26, 2023

source ] Hiring a professional fire protection service holds the key to not only enhancing property value but also ensuring the safety and security of your investment. The presence of reliable fire protection systems provides a sense of security and peace of mind to occupants, whether they are homeowners, tenants, or employees.

Software Review 126

Software Review Technical Review Hiring Due Diligence 126

YoungUpstarts

NOVEMBER 23, 2020

Experienced financial experts are expensive to hire in-house. Small businesses can hire such firms and get quality services on a pay as you go basis. However, hiring a team of customer service agents and installing the equipment they will use does not come cheap. This is because such experts may be underutilized. Final thoughts.

Startup 238

Startup Technical Review Salary Hiring 238

The Startup Magazine

JUNE 20, 2024

One increasingly popular strategy is to hire a fractional chief marketing officer (CMO). link] Now, according to Forbes , a startup has to spend around 15 to 50 percent of its budget on paying its employees. Early-stage startups often operate with tight budgets, making it impractical to hire a full-time CMO.

B2B 143

B2B Hiring Salary Early Stage 143

YoungUpstarts

AUGUST 31, 2020

In addition, not everyone has the privilege of having a real personal assistant due to high costs. Personal assistants are often hired to prepare decisions and information for managers and take care of miscellaneous tasks for busy executives and CEOs — who all earn higher incomes.

Artificial Inteligence 214

Artificial Inteligence Mali Management Technical Review 214

The Startup Magazine

MAY 31, 2022

Any operation that involves an employee, like recruitment, payroll management, or even offboarding, can be included in these HR functions or duties. . Your human resource activities can be outsourced to: Independent HR consultants are professionals who can assist you with hiring, HR policies, and other decision-making.

United States 133

United States Salary UAE Hiring 133

Startup Professionals Musings

AUGUST 19, 2020

Things will cost more than you expect. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

ReadWriteStart

JUNE 26, 2020

And, if I told you that by the beginning of May, you’d make every hire remotely, you might have laughed in my face. …suddenly, nearly all technical jobs are remote-jobs, all dev-teams are distributed teams, and virtually all hiring is remote hiring. Announcement: Square lets employees work from home permanently.

Silicon Valley 198

Silicon Valley Distribution Engineer Technical Review 198

Startup Professionals Musings

JULY 15, 2019

The challenge is to recognize and recruit that ideal partner match early with minimal cost and risk. If one of your core values is exceeding your customer expectations for quality and service, and your potential partner ascribes to the low cost, high profit mantra, a successful partnership is highly unlikely over the long-term.

Cofounder 221

Cofounder Software Review CTO Hire Founder 221

ReadWriteStart

DECEMBER 16, 2020

All of these businesses had to roll back their remote work policies and call employees back on-premises. Lag in information access: Remote employees spend more time and effort locating information pertinent to their tasks. Unhealthy Employee Morale. Happy employees are more productive, satisfied, and loyal to their companies.

Technical Review 200

Technical Review Startup Belgium Software Review 200

Rembrandt Communications

SEPTEMBER 1, 2022

Your phone rings, online purchases flood your inbox, and you hire more people to keep up with the growing demand. But the good news is that you can start selling more and reach your year-end goals cost-effectively… even if you are in a nightmare situation right now due to COVID-19 repercussions, employee turnover, overdue bills, and more.

Sales 246

Sales Social Media Analytics Public Relations 246

YoungUpstarts

JANUARY 14, 2020

When you run a business, it’s your job to ensure your employees are taken care of. So, to boost productivity and protect employee health, you’ll want to make sure you’re using LED lighting. This is inexpensive to set up and it will make a surprising difference to employee health. Ensure you’re using an alarm system.

Security 182

Security Software Review Technical Review Employee 182

Startup Professionals Musings

MAY 14, 2023

Things will cost more than you expect. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 258

Burn Rate Hockey Stick Management Salary 258

Startup Professionals Musings

DECEMBER 30, 2022

As a potential investor, I always think of the high rate of failure of disruptive technologies, due to the longer learning curve of customers, infrastructure change consistently required, and higher marketing costs. Before you act, shut up and listen to employees, customers, and futurists.

Technical Review 252

Technical Review Silicon Valley Software Review Metrics 252

YoungUpstarts

JUNE 24, 2020

Once settling into the stay-at-home orders, large corporations recognized that they may not need expansive office spaces to house their employees to get quality work. It’s been thought that in order to get the best from your employees, they need to be together in a physical space under the watchful eye of a manager. Let them do it!

Employee 200

Employee Retention Leadership Cost 200

YoungUpstarts

MARCH 4, 2020

But, just an importantly, they’re also in business to put food on the table for their families and employees. With people counting on them—their families and their employees’ families—they have to carry on. Our families — and the families of the employees we eventually hire—come first. Does your family come first?

Entrepreneur 205

Entrepreneur Venture Capital Silicon Valley Bandwidth 205

YoungUpstarts

JUNE 27, 2020

Everything from customer service, technical support, to back office operations are able to be outsourced as a way to reduce costs, keep up with the evolving consumer expectations, and drive a faster return on investment. Put simply, offshore outsourcing means hiring a company to perform a service from a different part of the world.

Offshore 165

Offshore Dominican Republic Costa Rica Jamaica 165

YoungUpstarts

JULY 21, 2019

You may be able to save on shipping costs, as well. For example, you can replace water coolers with a filtered water pitcher to save on cost. Make sure your employees and business still have the essentials. Collaboration programs make it easy to communicate with your employees and client online. Hire a professional.

Software Review 191

Software Review Entrepreneur Cost Cofounder 191

YoungUpstarts

OCTOBER 2, 2020

Beyond this basic premise, no-code platforms benefit SMBs and entrepreneurs in the following ways: Cost. They hire a team, spend months planning, their engineers build it, and… the final product isn’t quite right. As a result, entrepreneurs, founders, CEOs, marketers, and anyone in between can take advantage.

CTO Hire 264

CTO Hire eCommerce Engineer Software 264