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When Should a Small Business Hire an Executive Team?

Up and Running

As you find your footing and begin to scale, you might feel ready to hire a formal executive team. What’s right for one company may not make sense for another, but the goal is always the same — to hire talent that will ultimately help the business thrive. When is the right time to hire an executive team?

CTO Hire 163
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Non-Technical Entrepreneurs Need the Right Partner

Startup Professionals Musings

The simple answer is to find a business partner, not an “implementer,” who already has the technical experience you need, and is willing and able to run that side of the business. Finding that person is not a hiring challenge, since neither of you really get paid until you both succeed. Marty Zwilling.

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6 Key Leaders Every Technical Startup Needs To Thrive

Startup Professionals Musings

He gives a wealth of practical advice on building a successful technical startup, including some specifics that I like on what constitutes a dream team of partners: The technical guru. The rest can come from early hires (with stock options to assure commitment), equity investors, or even strategic partners.

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8 Keys To Starting A Venture With Minimal Equity Loss

Startup Professionals Musings

It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. The key to successful bootstrapping is to master the do-it-yourself approach, defer compensation or barter services whenever possible and become a frugal minimalist in all things requiring a cash outlay.

Equity 349
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Build Predictable Startup Models by Forming an Agency

ReadWriteStart

It also helps bootstrap new startup businesses. It provides the freedom to partner with entrepreneurs and reduce the costs of agency work in exchange for equity in their startup. However, quickly determine other sectors worthy of interest and try to hire leadership and tech talent experienced in those areas.

Incubator 188
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6 Team Members Who Will Make Your New Venture Robust

Startup Professionals Musings

He gives a wealth of practical advice on building a successful technical startup, including some specifics that I like on what constitutes a dream team of partners: The technical guru. The rest can come from early hires (with stock options to assure commitment), equity investors, or even strategic partners.

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14 Tips for Starting a Successful Business

Up and Running

Diving into the financials, dealing with vendors, the hiring process, or a variety of other tasks—no one is passionate about every facet of business operations. While you may be enamored with becoming an entrepreneur and bootstrapping your business, don’t quit your day job. Find the right partners. That’s completely fine.

Forecast 154