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8 Tactics For Every Entrepreneur To Manage Technology

Startup Professionals Musings

Technology is so key to every business these days that experienced business-smart but non-tech entrepreneurs are feeling deeper and deeper in the hole. Only one component of running a business is managing technology, but it is a critical component, so no entrepreneur can afford to ignore it or totally delegate it.

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6 Hiring Principles To Grow The Best New Venture Team

Startup Professionals Musings

Of course, it’s no surprise that most entrepreneurs don’t have a background in hiring teams, and don’t have a budget for training or human resource consultants. He comments that in spite of the digital revolution, the hiring process hasn’t changed from its low priority, last minute, subjective roots.

Hiring 337
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10 Manageable Risks That An Entrepreneur Should Take

Startup Professionals Musings

Entrepreneurs see “no risk” as meaning “no reward.” Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. The challenge is to avoid the bad risks, while actively seeking and managing the smart risks.

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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Don’t wait until you are almost out of cash before managing every dollar spent or looking for the next refueling from investors. Desperate entrepreneurs lose their leverage and die young. The best entrepreneurs manage cash flow ruthlessly and never delegate decisions about spending money. You will make mistakes.

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7 Keys To Making You A Team Leader And Future Manager

Startup Professionals Musings

One of the things I’ve learned in working with aspiring entrepreneurs is that managing and leading a team is a scary venture into the unknown for many people, even if they have worked as a business professional for years. As an entrepreneur, executive, or team member, you are most impacted by the people you gather around you.

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10 Outside Staffing Quotes True Entrepreneurs Avoid

Startup Professionals Musings

There are many books written on this subject, but this classic by Chris Ducker, “ Virtual Freedom ,” manages to pack a lot more practical guidance into a small space that many others I have seen. Contractors and freelancers, like any other business, manage their own internal processes, but they can’t manage your business.

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7 Ethical Fictions Lead Many New Entrepreneurs Astray

Startup Professionals Musings

New entrepreneurs tend to focus only on getting the product right, and assume that the right culture and ethics will come later simply by hiring good people. Business ethics are more about religion than management or leadership. Hire only ethical people, so further time on business ethics is not needed.