Remove Differentiation Remove Employee Remove Salary Remove Sales
article thumbnail

Hiring Employee #1

A Smart Bear: Startups and Marketing for Geeks

salary, benefits). You’re not just hiring any old programmer or salesman, you’re hiring employee #1. Right, so it doesn’t matter with your first few employees either. I don’t care if the job description is “sit in that corner and work multi-variate differential equations.”

Hiring 282
article thumbnail

What Happens When Startups Turn from Their Innovation Stage to Operational Excellence?

Both Sides of the Table

Sam also had a vision as early as 2012 about how MakeSpace would be a large employer of middle-income jobs: The company would hire employees rather than just have contractors and he would lead the effort to ensure they had opportunities for growth and benefits for their families. were more distributed.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Should Startups Focus on Profitability or Not?

Both Sides of the Table

The most obvious way to explain this is with sales people. 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. “COGS” represents the amount that each sale costs you.

Startup 418
article thumbnail

Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

” It was meant both as a call to those writing angel checks into other people’s companies that they ought to think about putting that capital toward themselves either by becoming a startup founder or (and this was my real point) by taking an under-market salary in a company where they can learn the right skills to do it in the future.

article thumbnail

The Very First Startup Founder You Need to Invest in is You

Both Sides of the Table

We had raised a $2 million seed round, which meant taking almost no salary so we could afford to hire staff. So even after raising a $16 million A-round I still paid myself a paltry salary. In fact, my salary never caught up with my pre startup salary across 2 companies and 8 years. So I did, in fact, invest in myself.

Founder 409
article thumbnail

How to Use Social Media to Find the Perfect Employee for Your Business

Up and Running

At Bond Street , we’re experts in term loans , but we cover just about everything related to small business, including how to hire the perfect employees for your new company. For small business owners, committing to a new employee’s salary is daunting. See Also: Is It Time to Hire an Employee? Step 1: Know yourself.

article thumbnail

How to Start a Business: A Step-by-Step Complete Guide (2019)

crowdSPRING Blog

You should know that about two-thirds of businesses with employees survive 2 years and about half survive only five years. Create a sales plan. Are you an expert in short sales? It includes key players, industry trends, and estimates of industry sales. Sales and marketing plan. Write a business plan.