Austin Startup

MAY 8, 2018

Background reading: Founder Compensation: Cash, Equity, Liquidity Fatal Errors in Early Startup Hiring Early Hires: Options or Stock Given how deeply involved we are with early-stage startups hiring their first key employees, I figured it would be helpful to outline a few key principles to help entrepreneurs navigate the topic.

Employee 48

Employee Seed Stage Startup Equity 48

Steve Blank

SEPTEMBER 1, 2021

The idea of exploitation versus exploration was central in my own work in building the lean methodology for start-ups. Today, lean is the de facto method for building new start-ups. In the end, exploitation pays your salary while exploration pays your pension. Companies that survive do both.

Incubator 416

Incubator Lean Agile Business Model 416

ReadWriteStart

FEBRUARY 21, 2021

So what are the best ways to stay on the lean-side of things? It also means your employees will (in many cases) benefit form higher morale and higher productivity. Employees are Your Largest Investment. Employees are going to be one of your biggest expenses, so this is a financially unsound move.

Startup 106

Startup Software Review Open Source Technical Review 106

ReadWriteStart

JANUARY 26, 2021

Many business owners launch startups with the intention of running lean—relying on minimal resources to preserve the business for as long as possible. If you want to continue existing, you need to make money—ideally more money than you’re spending on things like employee salaries and raw materials. Running Out of Capital.

Startup 180

Startup Angel Investor Business Model Demand 180

Both Sides of the Table

NOVEMBER 16, 2009

So the efforts by Andersen Consulting amounted to “rolling out the red carpet when the employee was on the way out the door.&# Many employees feel that they aren’t listened too, aren’t challenged or aren’t recognized for their hard work. You develop a cynicism that the future will be better. Ryan accepted.

San Francisco 322

San Francisco South Africa CTO Hire Fractional CTO 322

Up and Running

AUGUST 19, 2014

You might have held off paying yourself while launching your startup, but is it time to give yourself a salary? Here are seven things to consider in order to determine if now is the right time to pay yourself a salary. Once you generate the financial support of investors, it may be time to reward yourself with a salary.

Salary 119

Salary Sweat Equity Silicon Valley Sales Cycle 119

SoCal CTO

NOVEMBER 1, 2010

The very last email I got from him told me the following: Thank you for your time Tony, I understand everyone wants a huge salary, no risk and a cut of the profits. And let’s be honest, most employees, advisors, etc. Otherwise, you’ll end up spending time with people who are not going to be interested.

Technical Cofounder 241

Technical Cofounder CTO Hire Equity Sweat Equity 241

The Startup Magazine

JUNE 1, 2023

There are startups out there that are valued at a billion dollars, but because of employee salaries, assets, etc. Now we’re no longer spending employee manpower on a service that wasn’t helping accelerate the right type of growth we need. they still aren’t profitable. And in times like this, give them more.

Early Stage 115

Early Stage Los Angeles Silicon Valley Cofounder 115

Growthink Blog

OCTOBER 16, 2012

Fixed costs include rent, salaries, maintenance, licenses, equipment, and other overhead expenses. Having more salaried employees or too expensive an office space are two examples that might lead to this. You reach your personal Black Friday when your fixed costs plus variable costs equal your income.

Software Review 85

Software Review Salary Advertising Sales 85

YoungUpstarts

MARCH 12, 2012

Recommended Post: Why secret salaries are a baaaaaad idea ). This blog offers great advice for transforming yourself into a lean and mean manager. This blog discusses personal productivity, lean manufacturing, and how you as a manager can help improve both. (Recommended Post: Task and Compliance Management ). Ask a Manager.

Management 178

Management Leadership Agile Lean 178

Startup Lessons Learned

OCTOBER 11, 2016

Guest post by by Jennifer Maerz, contributing editor of Lean Startup Co. A big part of adopting Lean Startup in an established company involves fundamentally shifting the way organizations manage people and ideas. It translates to our documents but also to our salaries and our equity models. So far the wheels haven’t fallen off.

Agile 60

Agile Lean San Francisco Technical Review 60

YoungUpstarts

FEBRUARY 27, 2015

In today’s ever-changing business world, adaptable and entrepreneurial employees are your most valuable competitive advantage. receive a salary), or if they’re willing to bet a portion of their compensation on their own performance. In other words, they bet tomorrow’s paycheck on today’s ideas and effort.

Hiring 100

Hiring Technical Review Lean New York 100

Up and Running

OCTOBER 7, 2014

Take a look at your and your employee’s calendars- how many hours per week are spent in meetings? Hire capable employees with little work experience. This might initially seem counter intuitive, but people with little work experience are looking for entry level positions and salaries, which saves your company money.

South Africa 157

South Africa Software Review Green Technical Review 157

crowdSPRING Blog

JULY 17, 2011

Training new employees takes time, detracts from mission critical work, costs real money in salaries and benefits during the training period (not to mention the training materials, people, venues, etc), and often return results that are not relevant for many businesses. .&#

Small Business 88

Small Business Software Review Technical Review Startup 88

keen.io

FEBRUARY 5, 2013

And if the CEO says, “Salaries will be adjusted to market value soon,” that’s probably a best-case scenario. From there, I began googling things like “first employee startup equity” and “startup offer negotiation.” These were the best resources I found: Equity for Early Employees in Early Stage Startups. So I knew a little bit.

Salary 50

Salary Equity Startup San Francisco 50

OnlyOnce

OCTOBER 17, 2013

Lean In, Part II. My post about Sheryl Sandberg’s Lean In a couple months ago created some great dialog internally at Return Path. It’s now going to be incorporated into our onboarding program for new employees. Books Business Culture Human Resources Leadership Lean In Sheryl Sandberg'

Lean 63

Lean Leadership Salary Equity 63

YoungUpstarts

NOVEMBER 20, 2018

Even then you are still competing with hundreds of other companies that are also looking for quality employees and freelancers. Invest in Existing Employees. There is no doubt that employee development is important, especially today when recruiting new and skilled workers is becoming more difficult. Improve Work Environment.

Non-Compete 113

Non-Compete Salary Lean Employee 113

crowdSPRING Blog

MAY 27, 2013

In business the verb usually refers to tools that are created to make projections of sales or profits, but can also be used to predict anything from website traffic to manpower requirements to employee health care costs. Lean Marketing: Facebook advertising for newbies. Lean Business: Pivot Point. Determine break-even volume.

Lean 90

Lean Widget Italy Small Business 90

Up and Running

MARCH 8, 2016

According to data from PayScale’s salary questionnaire, house cleaners, nationwide, earned an average of $15.09 If you do hire employees, they will also need these characteristics: Trustworthiness. Will you do everything yourself or hire employees? And your employees? per hour for pay. An eye for detail.

SBA 60

SBA Technical Review Software Review Business Plan 60

Startup Lessons Learned

OCTOBER 30, 2008

Lessons Learned by Eric Ries Thursday, October 30, 2008 John Doerrs 10 lean startup tips I just saw video of John Doerrs talk yesterday at VentureBeat’s “How to manage your start-up in the downturn&# roundtable event. Voluntary salary reduction program. Over-communicate with employees, investors, customers.

Lean 121

Lean San Francisco Continuous Deployment DC 121

Hunter Walker

MAY 13, 2023

And during our first few years we leaned in to help teams find the right home when it didn’t work out for them as an independent company. In fact, sometimes acquirers are asking for the remaining cash on hand from the startup in order to ‘zero out’ the salary burden they’re taking on [HW note: 99.9%

Early Stage 117

Early Stage Cap Table Acquisition Sales 117

Hearpreneur

JUNE 4, 2021

Even though I had a job and earned a decent salary, I was spinning my wheels just to pay my bills. But I also leaned that is actually ok. I don't think I'm cut out to being an employee. That's why I founded my business Rise Above Your Story. Thanks to Sandra Cooze, Rise Above Your Story ! #12- Photo Credit: Victoria Wieck.

Entrepreneur 134

Entrepreneur B2B Database Technical Review 134

The Startup Magazine

JANUARY 31, 2020

Trained Employees. One of the other headaches of starting a company is finding and training quality employees. When beginning a startup company, most owners are not able to pay themselves a salary right away. They go through months or years of lean times when they must rely on other revenue streams to make a living.

Revenue 98

Revenue Salary Agile Networking 98

YoungUpstarts

MARCH 13, 2018

Every new employee you take on adds to your company’s liabilities: salary, benefits, office space, equipment. Are You Living Lean? Live by the mantra: be slow to hire and quick to fire. That’s not a knock on anyone you might hire, to be clear. It’s just a pragmatic reflection of reality.

Balance Sheet 113

Balance Sheet Bootstrapping Dividend Entrepreneur 113

Startup Professionals Musings

JUNE 18, 2012

Obviously, if you can do most of the work yourself, you need fewer employees, meaning less for payroll tax, benefits, and workers compensation. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. Wages and benefits.

Cost 255

Cost Burn Rate SEM Startup 255

crowdSPRING Blog

DECEMBER 11, 2011

Most companies use the evaluation process to determine bonuses and salary increases and December is the perfect time to sit with each member of the team and spend some time discussing their performance, contribution to the company, and personal/professional development. Lean startups: Office space for the 21st Century.

Small Business 90

Small Business Startup Chicago Retention 90

David Teten

DECEMBER 16, 2015

Lean Analytics recommends this set of metrics for some of the major categories of startups: Create a management dashboard. Track employee performance particularly rigorously. Customers, MRR and key activities are the firewood to keep us going.”. Useful tools: Betterworks , 15Five. Benchmark against comparables. Is it churn?

Metrics 60

Metrics Analytics Balance Sheet .Net 60

YoungUpstarts

JANUARY 23, 2013

Perhaps you can audit how employees claim their business expenses, or assess the IT department’s equipment procurement process. We’re certainly not suggesting that you initiate salary cuts across the board. But in these days of economic turmoil, every company needs to run as lean as possible. Send someone home early.

PR 205

PR Salary Employee Lean 205

ReadWriteStart

APRIL 25, 2012

While the company is now profitable and its seven founders are getting paid salaries, that wasn't always the case. An interesting side note is that all of the founders went for nearly 18 months without paying themselves any salary, and then took minimum wage for the next 14 months before slowly ramping up their paychecks. "It

Management 149

Management Balance Sheet Silicon Valley Salary 149

www.mattbartus.com

SEPTEMBER 24, 2011

People tend to underestimate how much record keeping is involved with managing employees and consultants, and this just adds an unacceptable extra burden. Sometimes the consultant has a reasonable basis to think this, since lean startups are programmed to get things for free and may call on the consultant from time to time for free advice.

Equity 40

Equity Vesting Silicon Valley Intellectual Property 40

Startup Professionals Musings

FEBRUARY 15, 2011

Obviously, if you can do most of the work yourself, you need fewer employees, meaning less for payroll tax, benefits, and workers compensation. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. Wages and benefits.

Entrepreneur 235

Entrepreneur Burn Rate SEM Social Network 235

Up and Running

JULY 26, 2017

The MVP concept, popularized by Eric Rice of Lean Startup , assumes that before going all in and pouring significant sums into product development, you test the grounds with a “beta” version of your product. No hiring or overhead costs for hiring employees. More competitive salaries. On-demand access to talent.

Mobile 81

Mobile Application Development Web Software Review 81

YoungUpstarts

MAY 14, 2019

According to the Workplace 2025 study released in 2017 by Randstad US, by 2025 a majority of the workforce will be employed in an agile capacity, as a consultant, contractor, temporary, or freelance employee. My book explains how to calculate your consulting fees to generate a comfortable salary and enough to cover business expenses.

Agile 100

Agile Artificial Inteligence Salary Reputation 100

Occam's Razor

FEBRUARY 8, 2021

Like many of you, I am both an employee and a people leader. At different points of the day, sometimes from one minute to the next, I have to switch gears so that I can be fully present as both a good employee and a good people leader. I’ll cover the ten good employee patterns: 1. How to be a Good Employee. Be thorough.

Employee 132

Employee Non-Compete Framework Analytics 132

Up and Running

MAY 16, 2016

Start with a lean plan if you’re eager to get up and running fast or if you’re simply interested in validating your idea. Unlike most other businesses where your employees sell or facilitate your product, with a home health care business, your staff is your product. See Also: Hiring Employees? It requires a balance of skills.”.

North America 95

North America United States Technical Review America 95

Mike Michalowicz

FEBRUARY 3, 2014

She is the highest performing employee at her firm. Her salary allows her a beautiful home, city apartment and vacation homes (yes, that’s plural). She was the highest performing employee. But, if you realize that you can prepare, you can lean into change. They will change again. Normal is change. Her division went under.

Salary 87

Salary Lean Employee Management 87

This is going to be BIG.

APRIL 4, 2021

Many companies found that their employees worked just as productively at home—especially for those who had any childcare needs taken care of—and they’re happier not having a commute. New York City should be leaning into that. It was a one-bedroom I rented with 25% of my annual salary. my annual salary.

New York City 74

New York City Wyoming New York Florida 74