article thumbnail

5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Match your office, facilities and computer equipment to the size of the staff you have today, and intend to have in the next six months.

Burn Rate 258
article thumbnail

8 Tactics To Make Service Your Competitive Advantage

Startup Professionals Musings

You have to start with hiring only people who are willing and able to make serious customer service happen. Then make sure that everyone on the team does the same, and are motivated to improve the match with your startup. Their eight initiatives should be required reading for every entrepreneur: Find and retain quality people.

Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Ways To Conserve Investor Cash And Ensure Survival

Startup Professionals Musings

Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Match your office, facilities and computer equipment to the size of the staff you have today, and intend to have in the next six months.

Burn Rate 310
article thumbnail

Hiring a CTO for Your Startup

SoCal CTO

Several people have recently come to me to help them source and/or hire full-time CTOs for their startup having found me through my post that looks at: Startup CTO Salary and Equity Data. The first thing I do is suggest they explore if they really need to hire a full-time CTO for their startup and if so, what kind of CTO they need.

CTO Hire 282
article thumbnail

A step-by-step guide to HR outsourcing

The Startup Magazine

Your human resource activities can be outsourced to: Independent HR consultants are professionals who can assist you with hiring, HR policies, and other decision-making. Finding and hiring new talent is one of the most important tasks for any HR department. To Whom Can You Outsource HR Tasks? Payout processing and accounting.

article thumbnail

Hiring a CTO for Your Startup

SoCal CTO

Several people have recently come to me to help them source and/or hire full-time CTOs for their startup having found me through my post that looks at: Startup CTO Salary and Equity Data. The first thing I do is suggest they explore if they really need to hire a full-time CTO for their startup and if so, what kind of CTO they need.

CTO Hire 225
article thumbnail

8 Initiatives To Heighten Your Customer’s Experience

Startup Professionals Musings

You have to start with hiring only people who are willing and able to make serious customer service happen. Then make sure that everyone on the team does the same, and are motivated to improve the match with your startup. Their eight initiatives should be required reading for every entrepreneur: Find and retain quality people.