Remove Retention Remove Startup Remove Stock Options
article thumbnail

Choke the Churn: How to Prevent Employee Turnover in Startup Businesses

Up and Running

I spent years as a manager at a startup company. It is important to develop a retention plan right off the bat to keep employee turnover in your small business from becoming a very costly and aggravating expense. In my experience, the employees of a startup company represent the future and face of the business.

article thumbnail

Should Startups Care About Profitability?

Both Sides of the Table

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!” What did they actually do?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Should You Offer Equity Compensation to Employees?

Up and Running

If however you are giving a “normal employee” an incentive stock option plan (more on that later), that’s entirely different. Make sure you understand all of your options before making any decisions. More often than not, equity compensation is an attraction and retention tool, rather than a replacement to salary.

Equity 60
article thumbnail

How Should You Set Up Your Company’s Benefits Structure?

The Startup Magazine

Also factor in the value of recruitment and employee retention as part of your calculations; if you can spend a little more on perks and in doing so increase loyalty, this might help you justify the expense. appeared first on The Startup Magazine. Simplify access to benefits.

article thumbnail

How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

You transition from “startup” to real business and it turns out that having an entire team be efficient is more important than that boundless energy but destructive nature of constantly changing direction from the CEO. Great startups have budgets. Stock option top-ups after a few years are vital retention mechanisms.

article thumbnail

Sideways Startups: Donating Private Stock

Gust

A: The board and investors will likely recognize that reputation for community involvement enhances a company’s culture and standing-at-large, which in turn will facilitate recruiting and retention. Q: Wouldn’t a contribution of early-stage company stock have a very small impact?

Stock 114
article thumbnail

6 Best Practices to Set Up an ESOP for Your Business

Up and Running

Employee retention, for both startups and established businesses, is more important than ever. An ESOP, or an employee stock ownership plan, is a type of compensation plan that allows employees to acquire and own stock in your company. Remember, an ESOP is not the best option for every business.

Vesting 88