Startup Professionals Musings

SEPTEMBER 29, 2021

Some experts have estimated that the cost of keeping the wrong person for a given organization can be up to fifteen times his or her annual salary. Hire only people with positive and can-do attitudes. It’s easy to spot negativity and complainers, which should be a major red flag in every hiring process.

Employee 371

Employee Salary Hiring Stock 371

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 Development Software Developers Software Review 120

Startup Professionals Musings

MAY 22, 2020

Every startup should have at least a couple of outside advisors who are not major investors or family members, anxious to talk to new investors and key new hires. Calculate employee stock option values and vesting times, as well as salary. Any outside advisors or board members available for discussion?

Technical Review 436

Technical Review Due Diligence Sweat Equity Burn Rate 436

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

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. So your Q1 results will be $180,000 less profitable than if you hadn’t hired them. What did they actually do?

Startup 418

Startup Revenue Technical Review Flash 418

Startup Professionals Musings

OCTOBER 5, 2014

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 262

Burn Rate Hockey Stick Entrepreneur Salary 262

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

JANUARY 8, 2021

You have to start with hiring only people who are willing and able to make serious customer service happen. Companies with great service routinely spend 3% to 5% of salaries training team members – experienced as well as new. Their eight initiatives should be required reading for every entrepreneur: Find and retain quality people.

Technical Review 385

Technical Review Salary Metrics Matching 385

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. If you do your due diligence hiring job right, the contractors you outsource will already be trained in their jobs. times base salary range, not including space and equipment requirements.

Technical Review 308

Technical Review Due Diligence Startup Employee 308

The Startup Magazine

MARCH 4, 2023

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. company spends approximately $4,000 and 52 days to hire a new employee. company spends approximately $4,000 and 52 days to hire a new employee.

Employee 194

Employee Management Software Review Technical Review 194

Steve Blank

APRIL 1, 2020

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. Or if you have sufficient cash, now is the time to hire great people who were never available. When hiring began again, everyone was relieved: “The worst is over.

South Korea 334

South Korea Salary Business Model China 334

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. Finding and hiring new talent is one of the most important tasks for any HR department. To Whom Can You Outsource HR Tasks? Payout processing and accounting.

United States 158

United States Salary UAE Hiring 158

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. It means that mistakes come at a cost.

Hiring 131

Hiring Due Diligence Management Salary 131

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

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

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. by Jonathan Aspatore, CEO of ExecRank. Serve as a Sounding Board for Sensitive Challenges & Opportunities You Face as a Small Business.

CTO Hire 100

CTO Hire Fractional CTO Small Business Hiring 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

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

Startup Professionals Musings

APRIL 12, 2019

Salary costs go up rapidly, as people require training, bonuses, expense reimbursals, and an office with a requisite support team and supplies. Just the process of hiring and interviewing takes critical time, recruiting fees, and expenses you never remembered. Subscription software and computer hardware.

Cost 264

Cost Founder Software Review Startup 264

YoungUpstarts

JULY 23, 2014

New wave tech companies like Facebook, Google and Twitter have to hire thousands of developers with six-figure salaries to offer products that work well. Most companies don’t have the cash or bandwidth to support long development cycles and hire boatloads of developers.

Software 248

Software eCommerce Software Developers Software Development 248

Steve Blank

OCTOBER 23, 2023

At first many start-ups hire a lobbying firm. Larger companies hiring a Chief of Staff often look for someone who has an MBA, experience with one of the big consulting firms, or experience doing the job already. They can vote to hire and fire the CEO. Choose big for stability and higher salaries. Where should you go?

Government 241

Government Advisory Board Salary Sales Cycle 241

ReadWriteStart

APRIL 26, 2021

Hence, for a startup, hiring and building a high-performing software team is stressful. Have a Concrete Hiring Plan. Hire Skilled and Experienced Developers. Hire a Core Development Team. Having said that, you can hire a software team and assign roles? 3) Have a Concrete Hiring Plan. who bring their?

Software 160

Software Startup Hiring Salary 160

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

YoungUpstarts

JUNE 12, 2014

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. If you’re not a strong software developer, for example, hire someone or bring on a co-founder who is.

Angel Investor 275

Angel Investor Security Cofounder Salary 275

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. I always push companies to hire “an operationally focused CFO” during this phase because in order to systematize you need somebody who brings economic rigor to decision making. As an early-stage VC I love this phase.

Operations 286

Operations New York City Technical Review Startup 286

Steve Blank

OCTOBER 10, 2023

Unless you can translate how your skills provide commercial value, you won’t get hired. I’ll turn my salary into millions of dollars in returns or investments within two years – not singlehandedly – but in a cooperative way that leverages many parts of the company. You will get asked a question like this.

Government 196

Government CTO Hire Technical Review Salary 196

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

Both Sides of the Table

JUNE 30, 2016

It is a truism that with more capital you will hire people more quickly and spend more liberally whether it’s on external contractors, PR firms, attending events, doing legal work (trademarks, patents) or whatever. It forces harder decisions about whom you’ll hire and whom you’ll delay. million or $4 million.

Pre-Money Valuation 292

Pre-Money Valuation Valuation Early Stage Startup 292

A Smart Bear: Startups and Marketing for Geeks

FEBRUARY 26, 2013

No salaries followed by low salaries. I didn’t want to manage managers or figure out what changes, strategies, hirings, products, marketing, and sales were needed to make $100m/year. The care and feeding of becoming an expert in something. The hard lessons you have to recover from learning.

Software Review 295

Software Review Startup Cofounder Search 295

YoungUpstarts

AUGUST 31, 2020

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. Alternatively, individual VA contractors can be hired for a monthly salary, or workers for short gigs can be found via Fiverr or TaskRabbit.

Artificial Inteligence 214

Artificial Inteligence Mali Management Technical Review 214

The Startup Magazine

JULY 2, 2024

Transparent Pay and Benefits To combat ‘quiet quitting’, a phenomenon where employees disengage from their work without formally resigning, consider aligning salaries and pay structures with hard work by offering bonuses or raises to retain valuable employees. Partner with Leading Employment Agencies in Calgary Today!

Development Team Review 148

Development Team Review Retention Salary Hiring 148

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

Both Sides of the Table

MAY 19, 2013

My internal compass has always steered me strongly toward the belief that founders who can scale with their startup companies are better to back that founders who eventually need to hire a CEO. 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.

Technical Review 303

Technical Review Cofounder Analytics Founder 303

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

To maximize the benefits of hiring freelance workers, it is important to learn how to support them and work with them properly. . Hiring talented and skilled freelancers can help cut costs for many businesses. Hiring talented and skilled freelancers can help cut costs for many businesses. Be Ready for Them. Communicate.

Salary 173

Salary Hiring Portfolio Cost 173

Steve Blank

MAY 19, 2015

While he kept bringing the conversation back to their big valuation I tried to steer the conversation back to how they were going to deal with: training the influx of new hires – in both culture and job specific tasks. retaining their existing hires who were working for intern-like salaries with little equity.

Technical Review 120

Technical Review Salary Early Stage Software Review 120

Startup Professionals Musings

SEPTEMBER 22, 2023

You have to start with hiring only people who are willing and able to make serious customer service happen. Companies with great service routinely spend 3% to 5% of salaries training team members – experienced as well as new. Their eight initiatives should be required reading for every entrepreneur: Find and retain quality people.

Technical Review 249

Technical Review Salary Metrics Matching 249