Remove Cost Remove Hiring Remove Matching Remove Salary
article thumbnail

5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Things will cost more than you expect. 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. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 258
article thumbnail

5 Ways To Conserve Investor Cash And Ensure Survival

Startup Professionals Musings

Things will cost more than you expect. 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. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 310
Insiders

Sign Up for our Newsletter

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

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. On the other hand, HR agencies offer cost-effective, standardized services, while consultants offer customized HR solutions (best for small companies). Cost-cutting.

article thumbnail

6 Benefits of Outsourcing and Freelancing In Startups

Startup Professionals Musings

One of the most stressful and unanticipated challenges that comes with starting a new business is hiring and managing employees. While this approach appears to cost more on the surface, it often actually costs you less, when you consider the hidden costs of rework, poor customer satisfaction, employee management, and training required.

article thumbnail

How To Keep Your Company Alive – Observe, Orient, Decide and Act

Steve Blank

Any place with a fixed cost that relies on foot traffic will come under pressure. Cut costs to stay alive for 24 months. Payroll costs/other variable costs. See if your fixed costs are really fixed, or will they agree to defer some for higher payments at a future date. Before layoffs, cut all salaries by 20%.

article thumbnail

5 Keys To Minimizing The Burn Rate For Your Startup

Startup Professionals Musings

Things will cost more than you expect. 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. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 223
article thumbnail

IT Outstaffing Is A Bringing In Returns Engagement Model

The Startup Magazine

For example, tariffs for hired workers may unexpectedly rise, or out of nowhere – payment for the extension of the “lease” agreement may appear. In an outstaffing environment, it is easier and faster to find a job with a salary that matches the level of knowledge and skills of the candidate.

Java 135