article thumbnail

10 Attributes Of The Perfect Partner For Your Startup

Startup Professionals Musings

Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader. Operate with a comparable level of integrity. Partner decisions are more important than team member hiring decisions. Carry minimal historical baggage.

Partner 385
article thumbnail

Third-Party Risk Management: What It Is And Why You Need It

YoungUpstarts

Third-party risk management is the discipline of managing risks like these to prevent, or at least mitigate, any potential damage to your operation. A strong third-party risk management strategy will increase transparency, streamline operations, and cut costs. Ins and Outs of Third-Party Risk Management.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Tackling The Talent Gap: Best Practices For Uncovering New Hires

YoungUpstarts

by Kristy Campbell, Chief Operating Officer at Rev1 Ventures. It is harder to diversify if your first few hires are homogenous, so branch out beyond your typical hiring pool to seek out diversity of all types —race, gender, culture, and education. Look to organizations like i.c. Look to organizations like i.c.

Hiring 100
article thumbnail

How To Hire And Train A New Employee During The Summer (When Most People Are On Vacation)

YoungUpstarts

Recruiting and hiring employees is challenging, if only because the stakes for making the right choice are so high. Say you had to replace a worker who had been hired only recently, since they turned out to be a poor cultural fit. On top of the normal difficulties of the hiring process, HR also has to deal with its high seasonality.

Hiring 165
article thumbnail

10 Ways Your Startup Co-Founder Is Like A Good Spouse

Startup Professionals Musings

Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader. Operate with a comparable level of integrity. Partner decisions are more important than team member hiring decisions. Carry minimal historical baggage.

Cofounder 221
article thumbnail

Proper Due Diligence: The “Other” List

YoungUpstarts

Obviously it is already established, operating on a model that is at least somewhat successful, and provides a proven service to a dependable customer base. The task of vetting a business prior to a potential purchase is referred to as due diligence. Hire a CPA. Hire an attorney. Efficiency is essential.

article thumbnail

Paul Herdsman Of NICE Global: The Benefits Of Utilizing Nearshore Outsourcing For Your Business

YoungUpstarts

Everything from customer service, technical support, to back office operations are able to be outsourced as a way to reduce costs, keep up with the evolving consumer expectations, and drive a faster return on investment. Put simply, offshore outsourcing means hiring a company to perform a service from a different part of the world.

Offshore 165