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10 Remote Staffing Blunders That Will Cost You Dearly

Startup Professionals Musings

These days, it is almost impossible to find a small business where everything is done by full-time employees, in the office or at home. These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure. Don’t over-manage remote workers, but don’t expect them to manage your business.

Cost 346
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Effective Management Techniques to Reduce Employee Turnover

The Startup Magazine

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 192
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5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Image via Flickr by Phil Gyford Starting a new venture still costs real money, even though the entry price has come down dramatically in last few decades. For example, I come from a software background, and back in the early PC days, it could easily cost half a million dollars for a team of professionals to produce a commercial product.

Cost 264
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Third-Party Risk Management: What It Is And Why You Need It

YoungUpstarts

Third-party risk management is the discipline of managing risks like these to prevent, or at least mitigate, any potential damage to your operation. A strong third-party risk management strategy will increase transparency, streamline operations, and cut costs. Ins and Outs of Third-Party Risk Management.

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Why You Need Tools And Analytics For Employee Metrics

Startup Professionals Musings

Employees are still too often thought of as a commodity, to be acquired “just in time” for the lowest cost, and managed as a disposable asset. Employees are often ineffective because they don’t care about their work or because they don’t possess the skills to contribute. Subjectively measuring employee engagement.

Analytics 245
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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Don’t wait until you are almost out of cash before managing every dollar spent or looking for the next refueling from investors. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day.

Burn Rate 258
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10 Outside Staffing Quotes True Entrepreneurs Avoid

Startup Professionals Musings

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. Don’t over-manage remote workers, but don’t expect them to manage your business.