article thumbnail

When Should a Small Business Hire an Executive Team?

Up and Running

But there comes a time when bringing on executive leadership is the reasonable and right next step. Think of it as an investment in your company — you’re dedicating resources (compensation) to highly skilled employees who will hopefully bring your business to the next level. What does the C-suite look like?

CTO Hire 163
article thumbnail

What Your Sales Team Really Needs from Young Executive Leadership

YoungUpstarts

Millennial CEOs in today’s business climate face a changing role from the traditional leadership image of the suit in the C-suite, especially when it comes to sales. It’s becoming increasingly important for top leadership to work directly with their sales managers to develop a stellar sales process. Grow Your Own Network.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Nygina Mills on the Role of Compliance in Risk Management in Building Resilient Businesses

The Startup Magazine

A robust compliance program can forecast potential challenges in the regulatory environment, providing a business with the necessary tools to adjust swiftly and efficiently. This means compliance is not only a concern for the legal department but is ingrained in the everyday actions of all employees.

article thumbnail

Measuring for meaningful change: Helping volunteer boards meet DE&I goals

Board Effect

For example, you may have a goal of diversifying your organization’s leadership positions. Does it mean promoting and supporting more women to take leadership positions? Will you create new leadership positions in the organization? To meet this goal, you first must define what diversity means to your organization.

Metrics 52
article thumbnail

Essential Skills for Building a Successful Startup

The Startup Magazine

Financial planning, forecasting, and budgeting are all necessary components of financial analysis, and understanding these aspects can give you a better overview of the state of your business. Leadership skills. In places like the US, on the other hand, great leaders are valued more than ever , especially during these trying times.

Startup 130
article thumbnail

6 Reasons That Managers Still Add Value In Business

Startup Professionals Musings

They also look ahead to forecast what you should expect. Leadership and hierarchy perform strategic functions. In today’s knowledge-based and highly competitive environment, strategic leadership and company direction can still most quickly be decided and executed in a hierarchical organization.

article thumbnail

How To Avoid Costly Mistakes When Staffing Your Finance Team

YoungUpstarts

Carefully consider personal integrity when vetting anyone who will represent your company, and work to ensure your leadership and policies reward the right actions. When these problems emerge, employees begin to feel as though no amount of effort will improve a bad situation. Where Good Companies Go Wrong. Test for problem-solving.

Finance 159