article thumbnail

5 Equity Distribution Parameters For Key Contributors

Startup Professionals Musings

Cofounders only able to work part-time, with responsibility and major income sources elsewhere, don’t carry the same risk as others with more operational responsibility. The challenge is for real cofounders to keep their equity percentage above 50%, or they effectively lose control of operational decisions.

article thumbnail

Going Global: How To Build A Distributed Team

YoungUpstarts

Going global is often a requisite growth path for businesses seeking to expand and whilst the model of setting up satellite offices is a tried and tested way to expand overseas a more recent organizational model is that of ‘distributed’ teams or companies. Distributed Teams: An Overview. The Need for a Harmonious Work Culture.

Insiders

Sign Up for our Newsletter

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

article thumbnail

4 Essential Steps to Create Strong Standard Operating Procedures

The Startup Magazine

Creating standard operating procedures (SOP) documents is essential for organizing your entire business operations. By having a well-crafted SOP in place, businesses can be certain that operations are conducted efficiently and according to plan. After that, the SOP can be published and distributed across the organization.

article thumbnail

Direct Vs. Indirect Distribution

YoungUpstarts

Aside from ditching the storefront, there are some important things to consider when moving your distribution to the internet. While distribution channels have not largely changed over time, the demand of consumers to have fast and convenient delivery has become the norm. How does this affect your distribution strategy?

article thumbnail

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

Both Sides of the Table

Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. Sam & Rahul have worked closely together on “innovate & operate” since the earliest days of MakeSpace. were more distributed.

article thumbnail

6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

Focus on operational processes, rather than innovative new ones. If you are a typical startup operation, consisting of an unpaid founder and co-founder, both working part-time, outsourcing is not likely the solution to your resource constraints. Overall, I believe the utility for outsourcing is going up, rather than going away.

article thumbnail

8 Software Small Businesses Should Check Out For Efficiency

The Startup Magazine

In today’s rapidly evolving digital landscape, small businesses face the ongoing challenge of streamlining operations, maximizing productivity, and staying competitive. Image Source Gone are the days when small businesses had to rely on manual processes and spreadsheets to manage their operations.