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

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. This means that companies do not have to keep an expensive in-house team idle and still pay them big salaries. Technology and IT services. 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). A fractional CMO, on the other hand, provides access to high-level marketing expertise without the commitment and cost of a full-time executive. You need not worry about the financial burden of a full-time salary.

B2B 148

B2B Hiring Salary Early Stage 148

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

ReadWriteStart

OCTOBER 17, 2023

Interestingly, the traditional hiring model is no longer the only option to get your team, as the emergence of remote work has ushered in a new era of talent acquisition, where geographical boundaries no longer limit your choices. This is because you’re not limited to hiring developers from your local area. You need not worry.

Development Team Review 120

Development Team Review Software Developers Software Development Software Review 120

YoungUpstarts

JULY 23, 2014

Their assembly chain approach to construction brought in a level of efficiency, cost-savings and quality that was previously unmatched. The base product is quickly deployed, cost-effective and customizable. The Cost Advantage is Obvious. They’re chopping costs and upping revenue. Build-it-Yourself to Do-it-Yourself.

Software 248

Software eCommerce Software Development Software Developers 248

Up and Running

SEPTEMBER 11, 2020

In fact, some of the biggest company expenses start off as cost-cutting measures. Cutting costs vs. cutting corners. It can also be a result of second-rate cost-reduction tactics. Are you cutting costs or merely cutting corners? Are you cutting costs or merely cutting corners? Have you been making the same mistake?

Cost 150

Cost Technical Review Salary Social Media 150

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. Before layoffs, cut all salaries by 20%.

South Korea 334

South Korea Salary Business Model China 334

The Startup Magazine

DECEMBER 20, 2019

While a good portion of this is due to the low labor costs in countries such as India or China, there are benefits to outsourcing that go beyond time and price. Hiring people carries risk. What if you only want to hire someone for a single project? To avoid hiring an unnecessary amount of developers long-term.

Software Developers 117

Software Developers Software Development Software Review Developer 117

Startup Professionals Musings

OCTOBER 5, 2014

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. Cashflow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 262

Burn Rate Hockey Stick Entrepreneur Salary 262

The Startup Magazine

MARCH 4, 2023

Otherwise, they will (sooner or later) experience the resource drain, high overhead costs & low employee productivity. Hire the Right People One of the most effective ways to reduce employee turnover is to ensure that you are hiring the right people for the right job. Well, there are multiple techniques that you can try.

Employee 194

Employee Management Software Review Technical Review 194

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

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

Steve Blank

APRIL 10, 2019

Stock options for all employees of startups served several purposes: Because startups didn’t have much cash and couldn’t compete with large companies in salary offers, stock options dangled in front of a potential employee were like offering a lottery ticket in exchange for a lower salary. And the bet worked. That made sense.

Stock Options 335

Stock Options Stock Vesting Common Stock 335

The Startup Magazine

MAY 31, 2022

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. On the other hand, HR agencies offer cost-effective, standardized services, while consultants offer customized HR solutions (best for small companies). Cost-cutting.

United States 158

United States Salary UAE Hiring 158

A Smart Bear: Startups and Marketing for Geeks

DECEMBER 21, 2009

More than that, knowing your "padding" as I used to call it is helpful in making decisions like "Can I afford to try this Risky Expensive Thing," such as making your first hire or trying a $20,000 media blitz. This gets you to crystallize what cost-centric activities would most help your business. Consider an intern or consultant.

Startup 315

Startup Revenue Cofounder Sales 315

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

Startup Professionals Musings

SEPTEMBER 29, 2018

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 223

Burn Rate Hockey Stick Startup Salary 223

Both Sides of the Table

NOVEMBER 5, 2014

There are those amongst us the are willing to abandon the comforts of a job with a salary and perhaps the prestige of being able to tell family members, loved ones and friends that “I work for Google, Goldman Sachs, Apple, FedEx, Verizon or Coca Cola” and instead put out selves out there to potentially look stupid one day.

Technical Review 417

Technical Review South Korea San Francisco Software Review 417

The Startup Magazine

JULY 10, 2019

A common misconception made by those who are new to the practice is that it’s just the starting salary that needs to be taken into account. It means that mistakes come at a cost. As bizarre as it might sound, this is something that a lot of hiring managers don’t follow up on and it can come back to bite you.

Hiring 132

Hiring Due Diligence Management Salary 132

Women Entrepreneurs Can

OCTOBER 30, 2024

For the markets that don’t have anything like this, you can usually find a business worksheet online that will help you calculate your startup costs. This can include hiring a lawyer, or an accountant. You will also need to have a projection of the income you expect to generate and the costs associated with this.

Cost 40

Cost Software Review Technical Review Business Plan 40

YoungUpstarts

JUNE 12, 2014

You will have to realign your financial thinking around opportunity costs for your business. Working at Netegrity was an invaluable learning experience, and the salary and benefits gave me a level of disposable income and financial security that I’d never had as an independent consultant. Talk to other entrepreneurs for real advice.

Angel Investor 275

Angel Investor Security Cofounder Salary 275

ReadWriteStart

NOVEMBER 17, 2020

That means hiring a lot of people, taking on a lot of new work, and aggressively scaling. One of the most important elements of your business’s growth period is your approach to hiring. How, when, and who you hire can have a massive impact on your startup’s eventual success. Why Hiring Is So Important to Get Right.

Hiring 126

Hiring Startup Salary Employee 126

YoungUpstarts

SEPTEMBER 15, 2015

The right advisor can have a greater impact on the success of your small business than any other hire you ever make. It’s time small businesses started hiring more advisors. Wouldn’t that money would be better spent on someone currently “in the trenches,” not a professional consultant (and an advisor is usually a fraction of the cost).

CTO Hire 100

CTO Hire Fractional CTO Small Business Hiring 100

YoungUpstarts

JANUARY 26, 2020

Sure, they may hand out a few training booklets and introduce new hires to the team, but successful onboarding goes much deeper than that. When organizations fail to implement such a strategy, new hires slip through the cracks. These companies also see a 69% boost in new hire retention. Align all the Departments.

Employee 165

Employee Software Review Technical Review Dividend 165

YoungUpstarts

SEPTEMBER 12, 2018

It is harder to diversify if your first few hires are homogenous, so branch out beyond your typical hiring pool to seek out diversity of all types —race, gender, culture, and education. When you think you’ve found the right hire, do your due diligence to ensure it’s a two-way fit. Look to organizations like i.c.

Hiring 100

Hiring Technical Review Silicon Valley Due Diligence 100

Rembrandt Communications

DECEMBER 1, 2021

Everyone is hiring, and the competition for top talent is fierce. PR is your hiring secret! What would happen if your dream hire read about you online, saw you on a television program or heard your interview on the radio or a podcast? Know that you are hiring the best candidates possible right now.

Public Relations 130

Public Relations Hiring PR 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

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. A Quick Word About Hiring in the Time of COVID-19.

Silicon Valley 198

Silicon Valley Distribution Engineer Technical Review 198

The Startup Magazine

APRIL 2, 2022

Moreover, the demand for freelancers is also set to increase as the gig economy proves that they are equally productive as full-time employees, but arguably, a more cost-effective option for employers. To maximize the benefits of hiring freelance workers, it is important to learn how to support them and work with them properly. .

Salary 173

Salary Hiring Portfolio Cost 173

The Startup Magazine

OCTOBER 29, 2018

If you want app development that is both affordable and efficient, you need to know how to hire programmers to do the job. The best way to plan your app development is to know how to hire the best app developers for your project requirements. Where to Hire Developers for Your Project. How to Hire Remote Developers.

Developer 105

Developer Offshore Software Development Software Developers 105

YoungUpstarts

DECEMBER 19, 2013

If your goal is to cut costs at any cost, you’re heading into dangerous territory. Yet making those checks too skimpy can cost you big down the road. Subject every prospective cost-saving measure to this litmus test: What are the possible short- and long-term effects of this decision? Sometimes, the answer is ‘no.’.

Bootstrapping 209

Bootstrapping Employee Small Business Salary 209

Both Sides of the Table

JULY 13, 2013

By the way, the salary, which was a good salary, was $27,000 entry salary, and engineers were paid $31,000 to $35,000. [00:10:30] Because I’m going to say no to you, and the guys you want to hire from Facebook are going to say no to you. Should I hire or not hire this person? I’m not interested.”

Cofounder 337

Cofounder Technical Cofounder Startup San Diego 337

YoungUpstarts

DECEMBER 21, 2016

Is it possible to get the same results as a hired pro? Could the benefits offset the cost of outside help? Let’s examine the most important elements of a strong social media marketing strategy and assess the real cost of implementing in-house versus bringing on an expert or agency for help. When you have 170 hours to spare….

Social Media 100

Social Media Media Cost Advertising 100

Transformify

AUGUST 18, 2022

Freelancers are being hired for their competitive rate, skills, and versatility. Of course, it can’t all just be that, so today, we’ll be discussing why you should consider hiring freelancers for your business. Cost-Efficient. You are responsible for their training, salary, benefits, and time-off.

Hiring 95

Hiring Technical Review Salary Employee 95

Feld Thoughts

OCTOBER 15, 2014

I could spend that time on Facebook, but at the cost of not writing. During this period, I helped Hewlett-Packard save on the order of ten million dollars a year on customer support costs, roughly a 100x return on my salary. They hired someone else to wash the dishes and clean the house. OK, I drew a salary while at HP.)

Technical Review 195

Technical Review Technical Cofounder Software Review Cofounder 195

YoungUpstarts

SEPTEMBER 29, 2014

When a new employer starts hiring, he needs to fill out an IRS W-4 form. Not counting the salary and any other amounts you pay an employee, these are the different outgoings to factor in when you start hiring: Federal taxes (withholding tax: pay-as-you-go, paid directly to the IRS). New Hire Reporting.

Small Business 165

Small Business Software Review Salary Government 165