Startup Professionals Musings

MAY 22, 2020

The allocation of shares among the founders, and the number and size of outside investments, will tells volumes about the health, stability, and management of the business. One more key employee or one more investor will probably not turn the situation around. Calculate employee stock option values and vesting times, as well as salary.

Technical Review 436

Technical Review Due Diligence Sweat Equity Burn Rate 436

YoungUpstarts

FEBRUARY 5, 2014

by Todd Patkin, author of “ Finding Happiness “ We all know that employee engagement matters. Yet again and again, studies point to a pervasive lack of it (for instance, a recent Gallup report indicates that only 13 percent of employees worldwide are engaged), as well as the incredible costs of this problem.

Employee 248

Employee New Hampshire Massachusetts Dividend 248

YoungUpstarts

OCTOBER 6, 2014

by Michael Houlihan and Bonnie Harvey, authors of “ The Entrepreneurial Culture: 23 Ways to Engage and Empower Your Peopl e “ We all know today’s companies need to be more nimble, more innovative, and more entrepreneurial, and that this shift begins with employees. We were able to do so because of their dedicated employees.

Employee 208

Employee Leadership Technical Review Hiring 208

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.

Stock Options 335

Stock Options Stock Vesting Common Stock 335

Startup Professionals Musings

APRIL 12, 2019

You find that you need to be near major customers, or employee transportation hubs, where rents are higher than you ever anticipated. Your frugal role model of bringing your own lunch won’t be convincing to most employees. Staffing and people-management costs. Ramp-up facilities and utilities required.

Cost 264

Cost Founder Software Review Startup 264

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

Startup Professionals Musings

AUGUST 26, 2019

In reality, it is important to know the basics of all roles, but it’s counterproductive to try to be an expert or attempt to micro-manage every task. I have seen too many great ideas fail due to poor execution, and less impressive ideas succeed due to an innovative business plan, implemented and managed by the right team of entrepreneurs.

Bandwidth 246

Bandwidth Software Review Salary Angel Investor 246

Startup Professionals Musings

JANUARY 8, 2021

Chip Bell and Ron Zemke, who are experts in this area, provide some of the best specific insights I’ve seen, in the classic book “ Managing Knock Your Socks Off Service.” The process must be employee friendly, as well as customer friendly, and have feedback mechanisms to correct poor results. Train and coach continuously.

Technical Review 385

Technical Review Salary Metrics Matching 385

The Startup Magazine

MAY 31, 2022

The human resources department is critical to your company’s performance, and there are two ways to manage the HR function in your firm. Any operation that involves an employee, like recruitment, payroll management, or even offboarding, can be included in these HR functions or duties. . 2 Managing Performance.

United States 158

United States Salary UAE Hiring 158

YoungUpstarts

NOVEMBER 23, 2020

This means that companies do not have to keep an expensive in-house team idle and still pay them big salaries. Customer service is another important function that helps firms to manage their customers. It makes economic sense to pay for the number of customers served compared to hiring a full-time employee. Customer service.

Startup 238

Startup Technical Review Salary Hiring 238

YoungUpstarts

APRIL 6, 2020

It’s become so easy to manage our affairs in the digital realm that we rarely stop to appreciate just how easy it is. Smart scheduling software for employees is a terrific example of modern tech that refines and upgrades a traditional workplace process – in this case, staff rostering. Excel has no facility for employees to swap shifts.

Software Review 179

Software Review Software Product Technical Review 179

Startup Professionals Musings

JUNE 11, 2022

Personal loans from individuals, employees and board members. As in any company, they can lead to employee problems, or messy legal issues. An example would be getting free office space by agreeing to be the property manager for the owner. Personal loans are certainly an option, but should be avoided if possible.

Angel Investor 327

Angel Investor Equity Technical Review Exit Strategy 327

A Smart Bear: Startups and Marketing for Geeks

FEBRUARY 26, 2013

No salaries followed by low salaries. Although of course the business is physically separate from you, and its success is undeniably due to your faithful employees even more than it’s due to you, emotionally the business is not a separate entity. The care and feeding of becoming an expert in something.

Software Review 295

Software Review Startup Cofounder Search 295

YoungUpstarts

DECEMBER 7, 2020

Timesheets app will enable businesses to know how and where the employees are spending their time. Choosing an employee time tracking software can be a daunting task. It is crucial for your business process, employee activity, and determination of billable hours. It makes things simple for employees. Where Do They Work?

Employee 147

Employee Salary Security Software 147

Steve Blank

OCTOBER 10, 2011

50% the fault of a Nokia management that didn’t see it coming, while 50% was due to brilliant Apple execution.) You find early stage employees expecting to work normal hours, to get paid a regular salary, and not asking or expecting equity. Most Finns take their failure as a personal embarrassment. Note to Finland – lighten up.

Finland 332

Finland Naming Russia Government 332

Startup Professionals Musings

FEBRUARY 9, 2022

Even the busiest leaders find time for management by walking around, and actually listening to their people. Top employees are leaving for better opportunities. In my experience, employees usually leave if they are not satisfied with you, rather than a salary level or role definition.

Leadership 301

Leadership Founder Salary Demand 301

Hearpreneur

MAY 24, 2023

Employees are the backbone of any organization, and their expectations from their employers can have a significant impact on their job satisfaction and overall productivity. To do this, companies need to understand what employees expect from them. To do this, companies need to understand what employees expect from them.

Employee 127

Employee Entrepreneur Security Technical Review 127

YoungUpstarts

AUGUST 3, 2020

For example, in January 1914, Henry Ford doubled his workers’ salary to $5 a day to ensure a stable workforce-a workforce that could afford the product they are making. So even if we see the whole pandemic from the economic lens, it would not be wise for the businesses to lay off employees on such a large scale. Wrapping Up.

Leadership 189

Leadership Technical Review Java Software Review 189

Steve Blank

NOVEMBER 1, 2017

Over a period of years, every GE senior manager would learn the Lean Startup, and GE would be the showcase for how modern companies use entrepreneurial management to transform culture and drive long-term growth. They then buy stock in these public companies and attempt to convince management to increase the price of the shares.

Institutional Investors 271

Institutional Investors Dividend Stock Technical Review 271

ReadWriteStart

APRIL 26, 2021

Get Smart About Managing Things. Besides, you need to entrust your employees and motivate them to take ownership of tasks assigned and make apt decisions. You also have to think about how many resources you’d want to allocate to the project, the number of hours your potential resources would spend, and the salaries you’d offer.

Software 160

Software Startup Hiring Salary 160

The Startup Magazine

JULY 2, 2024

Employees seek more than just financial rewards; they want a fulfilling work experience that aligns with their values and career goals. Ensuring transparent pay and benefits, where employees understand how their compensation is determined and what benefits they are entitled to, promotes trust and fairness within the team.

Development Team Review 148

Development Team Review Retention Salary Hiring 148

Both Sides of the Table

DECEMBER 27, 2011

If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. They got a bigger office space so their employees would feel comfortable and they could improve employee retention.

Startup 418

Startup Revenue Technical Review Flash 418

YoungUpstarts

JULY 15, 2020

In simple terms, the payroll is the list of your employees and the corresponding amount of money that you pay them. Hence, a payroll system is the collective steps that involve the preparation, computation, and transmission of the payments to the employees. Also, you need to secure the tax and financial information of your employees.

Salary 147

Salary Software Review Security Employee 147

Startup Professionals Musings

SEPTEMBER 8, 2019

Personal loans from individuals, employees and board members. As in any company, they can lead to employee problems, or messy legal issues. An example would be getting free office space by agreeing to be the property manager for the owner. Personal loans are certainly an option, but should be avoided if possible.

Equity 235

Equity Angel Investor Technical Review Exit Strategy 235

YoungUpstarts

OCTOBER 23, 2019

But in this customer-focused model, some businesses make the mistake of neglecting to focus on their employees. Their study, alongside others , found that happier employees are at least a predictor of customer happiness, if not one of the main causes. Happier employees = greater customer loyalty. But what’s the reason for this?

Employee 113

Employee Customer Software Review Salary 113

Startup Professionals Musings

SEPTEMBER 22, 2023

Chip Bell and Ron Zemke, who are experts in this area, provide some of the best specific insights I’ve seen, in the classic book “ Managing Knock Your Socks Off Service.” The process must be employee friendly, as well as customer friendly, and have feedback mechanisms to correct poor results. Train and coach continuously.

Technical Review 249

Technical Review Salary Metrics Matching 249

Both Sides of the Table

NOVEMBER 14, 2017

Sam also had a vision as early as 2012 about how MakeSpace would be a large employer of middle-income jobs: The company would hire employees rather than just have contractors and he would lead the effort to ensure they had opportunities for growth and benefits for their families. were more distributed.

Operations 286

Operations New York City Technical Review Startup 286

Both Sides of the Table

JANUARY 4, 2014

I think as a tech industry we have bred a culture that places more emphasis on product excellence than managing human behavior. Of course it makes no sense to have great people management and a crappy product.

Founder 340

Founder Cofounder Sacramento Technical Review 340

Both Sides of the Table

MAY 19, 2013

For the entire first year after I funded the company he refused to take a salary and I had to admonish him to make sure he paid his expenses. I loved the entire journey – good and bad – and the employees and customers. I funded Jonathan’s first $500,000. ” So Reid set out to hire a CEO.

Technical Review 303

Technical Review Cofounder Analytics Founder 303

Steve Blank

APRIL 14, 2013

Even though they’re next to Zhongguancun, the hottest place for startups in China, there seems to be a lower appetite for risk, a lack of interest in equity (instead optimizing for a high salary) and very little loyalty to any one company. Because salaries are cheap, startups seem to try to solve every problem by throwing bodies at it.

China 328

China Silicon Valley Non-Compete Intellectual Property 328

YoungUpstarts

JANUARY 9, 2018

Millennials will abandon any job if the culture their manager has created is unworkable for them. Research shows the average cost of employee turnover is about 20 percent of the employee’s annual salary. Reassess attitudes toward junior employees. If it means more than six jobs in ten years , so be it.

Leadership 178

Leadership Technical Review Canada Salary 178

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. 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. As we all know, recruitment is a hugely expensive game.

Hiring 132

Hiring Due Diligence Management Salary 132

YoungUpstarts

MARCH 19, 2014

Have you ever wondered what really makes an employee awesome in the eyes of the boss? You should think hard about switching companies even when others may be offering you a higher salary and more enticing benefits. Advice For The Young At Heart career management Jeffrey Fermin Officevibe personal development'

Cofounder 226

Cofounder Salary Developer Employee 226

Startup Professionals Musings

FEBRUARY 18, 2023

The allocation of shares among the founders, and the number and size of outside investments, will tells volumes about the health, stability, and management of the business. One more key employee or one more investor will probably not turn the situation around. Calculate employee stock option values and vesting times, as well as salary.

Sweat Equity 207

Sweat Equity Burn Rate Technical Review Intellectual Property 207

The Startup Magazine

JUNE 20, 2024

link] Now, according to Forbes , a startup has to spend around 15 to 50 percent of its budget on paying its employees. You need not worry about the financial burden of a full-time salary. Hiring a full-time CMO, according to Salary , can cost your startup around $360,672 a year. Why are CMOs paid so much salary?

B2B 148

B2B Hiring Salary Early Stage 148

Steve Blank

OCTOBER 24, 2017

A founder’s lack of credibility/experience in growing and managing a large company hindered a company that wanted to go public. In the 20th century the only way the founder made any money (other than their salary) was when the company went public or got sold. And woe to the employee who got in their way of delivering the future.

Founder 281

Founder Technical Review CTO Hire IPO 281

Steve Blank

MAY 19, 2015

retaining their existing hires who were working for intern-like salaries with little equity. These were the employees that had the institutional knowledge and hard-earned skills. Unfortunately the people who could best train them were the underpaid employees who were now out looking for new jobs.

Technical Review 120

Technical Review Salary Early Stage Software Review 120