Startup Professionals Musings

AUGUST 19, 2020

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. This could equate to two technical founders (with a minimal salary), funding two developers for a year.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

Steve Blank

APRIL 1, 2020

Nothing is more important than assuring the company can continue to pay its employees. Before layoffs, cut all salaries by 20%. Cut CXO salaries by at least 30%. Award equity to employees equal to the value of their reduced salaries. Try to protect the most vulnerable employees.

South Korea 334

South Korea Salary Business Model China 334

ReadWriteStart

JUNE 8, 2021

But one of the secrets to effective scaling is an efficient team; if your employees are working productively and consistently, they’ll be capable of making your vision a reality. What Makes Employees Productive in a New Startup? So what is it that makes employees productive in a new startup? Uncertainty. Experimental workflows.

Employee 127

Employee Product Startup Software Review 127

Startup Professionals Musings

JANUARY 8, 2021

The process must be employee friendly, as well as customer friendly, and have feedback mechanisms to correct poor results. If service employees are not happy, the process isn’t working yet. Companies with great service routinely spend 3% to 5% of salaries training team members – experienced as well as new.

Technical Review 385

Technical Review Salary Metrics Matching 385

Up and Running

APRIL 12, 2021

As they begin to grow , they start to recognize that using a spreadsheet or using memory to keep track of employee performance just doesn’t work. In this article, we outline the challenges that startups can face when managing their employee performance, as well as solutions to get their employees on the right track.

Employee 139

Employee Management Salary Retention 139

Startup Professionals Musings

AUGUST 26, 2019

You have to pay big salaries to get top-notch help. In my experience, the people who will best drive your business are ones who share your long-term vision, and are willing to work for a share of the business or delayed compensation, rather than a high salary in the short term. More money would solve all your startup problems.

Bandwidth 246

Bandwidth Software Review Salary Angel Investor 246

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. Ramp-up facilities and utilities required. Staffing and people-management costs.

Cost 264

Cost Founder Software Review Startup 264

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. It makes economic sense to pay for the number of customers served compared to hiring a full-time employee. This not only saves the companies enormous costs of salaries but also gives them access to expertise.

Startup 238

Startup Technical Review Salary Hiring 238

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

MAY 14, 2023

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. This could equate to two technical founders (with a minimal salary), funding two developers for a year.

Burn Rate 258

Burn Rate Hockey Stick Management Salary 258

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. This could work to get you legal or accounting services, but won’t get you cash to pay employee salaries. Personal loans are certainly an option, but should be avoided if possible.

Angel Investor 327

Angel Investor Equity Technical Review Exit Strategy 327

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. . Most HR functions are outsourced to an HR consulting agency by SMBs (10–500 employees). We are introducing new employees to the organization. What Is Human Resources Outsourcing?

United States 158

United States Salary UAE Hiring 158

YoungUpstarts

APRIL 6, 2020

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. By overhauling your existing staff scheduling process, you can empower your employees , reactively respond to staff shortages and bring about a world of improvements.

Software Review 179

Software Review Software Product Technical Review 179

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

APRIL 16, 2020

Sheltering in place during the Covid-19 pandemic, my coffees with current and ex-students (entrepreneurs, as well as employees early in their careers) have gone virtual. Pre-pandemic these coffees were usually about what startup to join or how to find product/market fit.

Software Review 335

Software Review Technical Review eCommerce Salary 335

Startup Professionals Musings

SEPTEMBER 29, 2018

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. This could equate to two technical founders (with a minimal salary), funding two developers for a year.

Burn Rate 223

Burn Rate Hockey Stick Startup Salary 223

YoungUpstarts

AUGUST 20, 2020

This means it can be easy to measure employees’ productivity based on the number of completed projects. This way, you may engage such employees to improve their performance levels to meet your productivity goals. When things are in the open, workers can easily understand their earnings and those of other employees. Secure Data.

Software 219

Software Management Salary Startup 219

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

Startup Professionals Musings

FEBRUARY 9, 2022

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. Positive team collaboration is a culture that you must foster to increase productivity and the ability to change with the market.

Leadership 301

Leadership Founder Salary Demand 301

Duct Tape Marketing

JUNE 7, 2023

How Employee Experience Shapes Brand Perception written by John Jantsch read more at Duct Tape Marketing Marketing Podcast with Tiffani Bova In this episode of the Duct Tape Marketing Podcast , I interview Tiffani Bova. Key Takeaway: Prioritizing the employee experience alongside customer experience drives business success.

Employee 91

Employee Technical Review Advisory Board Sales 91

Steve Blank

OCTOBER 23, 2023

Most of her lessons were applicable to any government employee venturing out to the private sector. The same Emotional Quotient and approach that attracts investors will also attract excellent employees. Choose big for stability and higher salaries. The salaries are almost always higher. Read part one here.

Government 241

Government Advisory Board Salary Sales Cycle 241

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

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

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

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

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. This could work to get you legal or accounting services, but won’t get you cash to pay employee salaries. Personal loans are certainly an option, but should be avoided if possible.

Equity 235

Equity Angel Investor Technical Review Exit Strategy 235

Startup Professionals Musings

SEPTEMBER 22, 2023

The process must be employee friendly, as well as customer friendly, and have feedback mechanisms to correct poor results. If service employees are not happy, the process isn’t working yet. Companies with great service routinely spend 3% to 5% of salaries training team members – experienced as well as new.

Technical Review 249

Technical Review Salary Metrics Matching 249

YoungUpstarts

AUGUST 31, 2020

According to a survey conducted by DELL Technologies, 82% of surveyed managers expect integrated teams to consist of employees, machines, and systems in the next few years. There are countless VA services out there that offer outsourcing opportunities for almost any type of work and sometimes at a fraction of the cost of an employee.

Artificial Inteligence 214

Artificial Inteligence Mali Management Technical Review 214

Steve Blank

OCTOBER 10, 2023

Most of her lessons were applicable to any government employee venturing out to the private sector. At the Agency , 85% of my time was spent navigating bureaucracy and equities, arguing for resources and permission for operations, and dealing with the bottom rung of employees, all while making decisions with little data or data overload.

Government 196

Government CTO Hire Technical Review Salary 196

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

ReadWriteStart

APRIL 26, 2021

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. who bring their?

Software 160

Software Startup Hiring Salary 160

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

Steve Blank

OCTOBER 24, 2017

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. The founders along with all the other employees would vest their stock over 4 years (earning 1/48 a month). And woe to the employee who got in their way of delivering the future.

Founder 281

Founder Technical Review CTO Hire IPO 281

Startup Professionals Musings

FEBRUARY 18, 2023

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. These questions are the key ones in every due diligence effort, always done by accredited investors, but almost never done by key employees and new partners.

Sweat Equity 207

Sweat Equity Burn Rate Technical Review Intellectual Property 207

Occam's Razor

FEBRUARY 8, 2021

Like many of you, I am both an employee and a people leader. At different points of the day, sometimes from one minute to the next, I have to switch gears so that I can be fully present as both a good employee and a good people leader. I’ll cover the ten good employee patterns: 1. How to be a Good Employee. Be thorough.

Employee 134

Employee Non-Compete Framework Analytics 134

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

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 7, 2017

A key employee left the company, which caused the company to fail. A suitable replacement is too rare; it takes too long to find someone, convince them to join for almost no salary, and get them up-to-speed and productive. “One key employee” is brittle. But sometimes you experience the adverse end of that risk.

Software Review 294

Software Review Channel Revenue Non-Compete 294