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Third-Party Risk Management: What It Is And Why You Need It

YoungUpstarts

Third-party risk management is the discipline of managing risks like these to prevent, or at least mitigate, any potential damage to your operation. A strong third-party risk management strategy will increase transparency, streamline operations, and cut costs. Ins and Outs of Third-Party Risk Management.

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10 Attributes Of The Perfect Partner For Your Startup

Startup Professionals Musings

The challenge is to recognize and recruit that ideal partner match early with minimal cost and risk. If they or you find it hard to trust others, love to work alone, always have to be in control, or insist on micro-managing, it may be time for change or looking elsewhere. Neither partner needs to be managed.

Partner 385
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Recruitment: Top mistakes made by hiring managers

The Startup Magazine

It means that mistakes come at a cost. If you do make a bad hire, you might have the chance to rectify it through the initial probation period, but in general it’s something that can cost your business a lot, particularly if you are a startup. You don’t perform due diligence. You don’t follow your gut.

Hiring 99
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6 Benefits of Outsourcing and Freelancing In Startups

Startup Professionals Musings

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.

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How To Hire And Train A New Employee During The Summer (When Most People Are On Vacation)

YoungUpstarts

Recruiting and hiring employees is challenging, if only because the stakes for making the right choice are so high. Say you had to replace a worker who had been hired only recently, since they turned out to be a poor cultural fit. On top of the normal difficulties of the hiring process, HR also has to deal with its high seasonality.

Hiring 154
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10 Ways Your Startup Co-Founder Is Like A Good Spouse

Startup Professionals Musings

The challenge is to recognize and recruit that ideal partner match early with minimal cost and risk. If they or you find it hard to trust others, love to work alone, always have to be in control, or insist on micro-managing, it may be time for change or looking elsewhere. Neither partner needs to be managed.

Cofounder 221
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Paul Herdsman Of NICE Global: The Benefits Of Utilizing Nearshore Outsourcing For Your Business

YoungUpstarts

Everything from customer service, technical support, to back office operations are able to be outsourced as a way to reduce costs, keep up with the evolving consumer expectations, and drive a faster return on investment. Put simply, offshore outsourcing means hiring a company to perform a service from a different part of the world.

Offshore 154