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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. This could equate to two technical founders (with a minimal salary), funding two developers for a year.

Burn Rate 258
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What Makes Employees Productive in a New Startup?

ReadWriteStart

But one of the secrets to effective scaling is an efficient team; if your employees are working productively and consistently, they’ll be capable of making your vision a reality. What Makes Employees Productive in a New Startup? So what is it that makes employees productive in a new startup? Uncertainty. Experimental workflows.

Employee 127
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A step-by-step guide to HR outsourcing

The Startup Magazine

Any operation that involves an employee, like recruitment, payroll management, or even offboarding, can be included in these HR functions or duties. . 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.

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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. If service employees are not happy, the process isn’t working yet. Train and coach continuously.

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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.

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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. This could equate to two technical founders (with a minimal salary), funding two developers for a year.

Burn Rate 310
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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. If service employees are not happy, the process isn’t working yet. Train and coach continuously.