10 Entrepreneur Shortcuts To Be Avoided At All Costs

Startup Professionals Musings

In the heat of scaling the business, it’s tempting to skip the cost and time of finding qualified job candidates, and enlist those close at hand, without paying them a competitive wage for the hard work and commitment you need. Reduce stress by hiring people who don’t challenge you.

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How To Avoid Costly Mistakes When Staffing Your Finance Team

YoungUpstarts

That lack of control mixed with an environment focused on meeting goals at all costs leads to an incredibly volatile cocktail of paralysis and fear. In fact, 45 percent of employees feel their managers have the biggest influence on their performance. by Michael Burdick, CEO of Paro.

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12 Signs You Need to Hire a Manager

Up and Running

We asked 12 founders from the YEC to share with us when they knew it was time to hire a manager (or a few managers) to oversee the day-to-day activities of their business. There are many lagging signs telling you it’s time to hire someone to handle day-to-day operations.

5 Recruiting Hacks to Help Startups Hire Top Talent

Up and Running

First, take a few minutes to jump on Glassdoor and find out what people who work in the position you’re hiring for complain about. Type in the position you’re hiring for, clear the location. These are the “pain points” for your potential hires, coming from their own mouths.

How to Use Your Company Website to Hire Better

Up and Running

It seems that every day I hear more examples from employers about how difficult it is to hire right now. We have the lowest unemployment in 10 years, more jobs going unfilled than ever, and a record high on the amount of time it takes to hire—nearly 30 days.

The True Cost Of Poor Leadership

YoungUpstarts

While poor management has a financial cost, it also has a wider detrimental cost to a business, as well as individuals. Bad leadership can be the result of insufficient training, an inadequate understanding of the business, and weak management skills.

Understand learning profiles before hiring

Version One Ventures

The takeaway for founders and hiring managers. So, what’s the implication for founders and hiring managers? We all understand the high costs of recruiting, onboarding, and knowledge transfer associated with high employee churn rates.

Mistakes to Avoid When Hiring Virtual Assistants

Blogtrepreneur | Entrepreneur Blog

The decision of hiring a virtual assistant is really important because not only will you be saving time and money, but it will also improve the productivity of your business. Avoid the following pitfalls to be able to make the most of your decision to hire a virtual assistant.

Learn From The Mistakes Of Others – Hire The Right People.

YoungUpstarts

If you make common mistakes , like not hiring the right people, you’re heading for trouble. If, as Peter Drucker, the father of Management Science, pointed out, the purpose of a business is to acquire and keep a customer, your first order of business should be to hire the right people.

The Real Cost of Hiring the Wrong Employee

Inc Startups

I was a middle manager at a start-up in Minneapolis, ramping up a graphics, marketing, and writing department. I ended up hiring her on the spot, a gut reaction. I liked Sue, but the cost of hiring, training, and replacing her was quite high.

6 Tools to Help You Manage a Remote Team

Up and Running

Companies also save on overhead costs for office supplies, space, and computers when they employ remote workers who use their home offices to complete their daily tasks. But when your employees work remotely, how can you best oversee their work, manage their projects, and brainstorm together?

Trying To Save A Buck For Your Business? Here’s The Truth About Hiring For Cheap

YoungUpstarts

However, one of the hardest lessons to learn as an entrepreneur is that there’s a huge difference between cutting costs and cutting corners. There are dozens of sites, from Upwork to Fiverr, that make it simple to hire labor for pennies on the dollar. Hiring the Right Writer.

The Psychology of Hiring Great People

crowdSPRING Blog

Each person we hire contributes to not only the development of the product, but also to the productivity of the team and overall company culture. This is especially dangerous when hiring mistakes happen at a time when the company is still young and its culture is loosely defined.

The What & Why of Hiring a Great Startup COO

View from Seed

Many startup CEOs hire COOs or launch companies with a co-founder carrying the title. When should founders hire one? Do you need highly skilled functional managers or do you need a true partner? These include: Do I need help leading or managing?

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5 Things To Do To Make Sure Your First Hire Is A Good One

YoungUpstarts

by Andy Roe, General Manager of SurePayroll, Inc. Perhaps almost as exciting as starting a new business is making your first hire. So let’s break down some of the ways you can ensure your first hire is a good one. Don’t hire someone who lives far away.

6 Ways For Startups And Small Businesses To Help Reduce Cost

YoungUpstarts

Another way is to decrease cost. Cutting cost can be one of the best ways for a startup to grow and expand under its own power, but it isn’t always the easiest thing to do. Here are some tips for startups to cut costs in order to expand their bottom line: Take advantage of the cloud.

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6 Keys To Hiring The Best Team For Your New Business

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. It’s a small cost to prevent a long-term loss. Recovery from a surprise bad hire is expensive.

3 Ways Successful Startups Manage People More Effectively

YFS Magazine

By using this guide as a blueprint to build a more efficient HR team, entrepreneurs can eliminate extraneous costs and simplify one of the most complex challenges it faces - managing people.

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4 Creative Ways to Reduce Small Business Startup Costs

Up and Running

For example, you can save considerably by subscribing to an online inventory management and order application that integrates with your accounting software, allowing you to track business expenses and payroll as well as orders and shipping, all from one software package.

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4 Skills Every Project Manager Needs

Blogtrepreneur | Entrepreneur Blog

Those who work in the field of project management will report that they have the opportunity to work with a swath of different projects, people, and places. Here is a list of the skills you need to be an effective project manager. Being a project matter is tough, yet rewarding work.

8 Tips for Hiring and Managing Interns

Inc Startups

You should consider hiring a summer intern anyway. An intern can bring fresh ideas at low cost. That's also valuable (and I'm not discouraging you from hiring someone to do that), but it's not an internship. Consider hiring someone without the best grades.

The Real Reason Entrepreneurs Don’t Hire Their First Employee

Mike Michalowicz

I don’t have the money to hire someone! The real reason you keep putting off that first (or next) hire is that you will have to completely change your job. When you hire that first employee, they will likely take over 80% of your workload. If you continue to put off your first hire you are doing out of fear of your own growth. Entrepreneur Strategies Human Resources Management Strategies cost of hire fear of hiring first hire workload

5 Things to Consider When Hiring Friends and Family

Up and Running

Before you go about hiring friends and family, it’s necessary to answer some tough questions as to whether or not they will contribute to your business. This isn’t to say you should automatically fear hiring (or firing) a close family member or friend. Just take these factors into consideration before you move forward with the hiring process: 1. Did you hire him or her for the right reasons? This could have been avoided if he hired the nephew for the right reasons.

15 Tips For Managing Your Own Payroll

YoungUpstarts

To help you find your feet, check out our 15 tips for managing the process successfully: 1. Hire payroll employees. Depending on the size and complexity of your payroll (and the need for compliance expertise), it may be necessary to hire new staff.

6 HR Mistakes That Can Be Costly For Your Startup

YFS Magazine

From initial entity incorporation to managing payroll, a founder is responsible for every aspect of the company — including compliance with all local, state and national laws. Grow Human Capital hiring employees HR human capital human resources

5 Mistakes That Can Cost You On Small Business Saturday

YoungUpstarts

By Evan Singer, General Manager for SmartBiz. Consider inventory management software if you don’t already have a system in place. To make sure your cash flow keeps flowing, look into additional financing to balance the extra upfront inventory costs.

Five Pitfalls of Seed Round Hiring

This is going to be BIG.

Most companies don't get to do more than a handful of hires during their seed round--so the idea of a "recruiting process" might seem a little bit heavy handed. However, these early employees will not only have a lasting impact on the DNA of the company, but hopefully they'll be some of the most important hires you'll ever make. (If If they turn out not to be, you probably hired poorly.) 2) They hire a guy they know. 5) They hire for the wrong set of needs.

How to Hire the Right Leadership Team for Your Startup

Up and Running

You’ll probably have limited resources —and you may have limited experience—which means it’s crucial to make each hire count. So, what do you need to consider when hiring? Further down the line, you’ll probably want to consider a finance manager and an operations director.

Best Free and Low Cost Resources for Small Business Owners

NFIB Young Entrepreneur Foundation Blog

Here are the top free and low-cost online resources for small business courtesy of our young entrepreneur profile from April, Grade A Marketing founder Amanda Fischer. Blog focuses on sales and marketing tools and topics that are useful for small business owners and marketing managers.

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Small Business Management: Best Practices to Consider

Blogtrepreneur | Entrepreneur Blog

It’s always a tough task to run and manage a small business effectively. For years, big businesses have been using best practices to improve productivity and reduce business costs. My advice is to look for absence management software to assist you in documenting this.

3 Considerations Before Deciding To Hire Or Outsource

YoungUpstarts

If you’re reaching the point where there just aren’t enough hours in the day, should you hire some employees and create an in-house team, or outsource as many roles as possible as you work to get your business to scale? Those costs don’t go away.

Top 3 Tips For Managing A Remote Workforce

YFS Magazine

Build the best and most cost-efficient team possible, and manage it from anywhere in the world that has internet. Grow Human Capital hiring employees HR human capital human resources remote employees remote working workforce development

How Much Employee Turnover Really Costs You

Inc Startups

The costs may be hidden, but they are still there. You''ll hear people talk about the high cost of turnover, but when you try to press for the actual costs they don''t really know. And it''s true--the costs are largely hidden. Training costs. Costly.

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No Hires Are Better Than Bad Hires

Babbling VC

You've heard the clichéd statement made a million times: "A players hire A players. B players hire C players!" I couldn't agree with this more but want to make a point that actually addresses a problem before hiring even starts. At times, simply avoiding a hire could be strategically more beneficial to your business than hiring someone not up to the task. . In the current market, hiring has become increasingly difficult. Poor hires can and will do damage.

Home Document Management Software: How It Can Positively Impact Niche Workers

YoungUpstarts

Home document management software is a tool that can turn niche employees like consultants, freelancers, and independent contractors into powerful, market-disrupting professionals. Home Document Management Software as the Organization Facilitator. by Jesse Wood, CEO of eFileCabinet.

The Pros and Cons of Effectively Managing Virtual Employees

Blogtrepreneur | Entrepreneur Blog

Advances in technology have changed the way that we hire employees. They no longer need to hire full-time or part-time workers. Hiring virtual employees offers a wide range of benefits. It’s often difficult to keep track of and manage employees that you’ve never met.

Startup Killer: the Cost of Customer Acquisition | For Entrepreneurs

www.forentrepreneurs.com

SolidWorks 2: The best VAR management program in the world? SolidWorks 3: The best VAR management program in the world? Gross Margin should take into consideration any support, installation, and servicing costs. that will cost the company significant amounts of money.

Seven Essentials of an Effective Innovation Project Manager

Gregg Fraley, Author of Jack's Notebook

Outsourcing innovation project management might be the most strategic money you spend this year. See my Seven Essentials for hiring below. What I hear from top management: “we don’t have the time or resources for innovation projects, we’ll start later this year.”

10 Keys to Managing the Business After the Startup

Startup Professionals Musings

Entrepreneurs often have formidable technical expertise, key to developing a new product or service, but a great naïveté in management skills. I’m convinced that management is a learnable skill. In it, he outlines a long list of key management principles for success.

Resources for Starting and Managing Your Restaurant

Up and Running

Whether you’re just starting out or already have an up and running business, these are resources you’ll find useful for starting and managing your restaurant. Managing your restaurant. Check out this article on the 9 Unexpected Costs of Opening a Restaurant.