Startup Professionals Musings

FEBRUARY 24, 2020

One of the most stressful and unanticipated challenges that comes with starting a new business is hiring and managing employees. I just finished a new book for entrepreneurs, “ Secrets to a Successful Startup ,” by Trevor Blake, which makes the same points, based on his own real-life experience with three successful startups.

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Technical Review Due Diligence Startup Employee 308

Transformify

JUNE 9, 2023

Which countries have the highest average salaries? For some, moving abroad is an excellent way to make more money, particularly if jobs in their industry offer higher salaries overseas than at home. Luxembourg Average salary: $77,781 Luxembourg might be a tiny country, but it has the arguably highest income per capita.

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Salary Luxembourg Qatar Switzerland 52

Steve Blank

OCTOBER 23, 2023

At first many start-ups hire a lobbying firm. Larger companies hiring a Chief of Staff often look for someone who has an MBA, experience with one of the big consulting firms, or experience doing the job already. They can vote to hire and fire the CEO. Choose big for stability and higher salaries. They need you.

Government 217

Government Advisory Board Salary Sales Cycle 217

SoCal CTO

APRIL 27, 2011

Several people have recently come to me to help them source and/or hire full-time CTOs for their startup having found me through my post that looks at: Startup CTO Salary and Equity Data. I'd suggest: Startup CTO or Developer , Startup Founder Developer Gap , Part-Time CTO , Technology Advisor , CTO Founder , Acting CTO.

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CTO Hire Los Angeles Hiring Technical Review 225

YoungUpstarts

JULY 16, 2019

In 2018, Canada had a record-low unemployment rate and as a result we are seeing more companies, startups and online-based businesses dedicated to serving the niche-jobs industry. This has shown that the state of hiring within the Canadian tech industry in current cities and emerging cities are growing. Job sites such as BCjobs.ca

Canada 167

Canada Hiring Artificial Inteligence Software Developers 167

A Smart Bear: Startups and Marketing for Geeks

DECEMBER 12, 2011

Tweet. --> It’s a big decision to make your first hire, because what you’re really deciding is whether you want to keep a lifestyle business or attempt to “cross the chasm” and maybe even get rich. There’s already a lot of great advice about hiring at little startups. salary, benefits).

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Hiring Employee Ruby Java 282

Startup Professionals Musings

APRIL 12, 2019

It’s amazing how fast your startup will outgrow your garage or home office. Salary costs go up rapidly, as people require training, bonuses, expense reimbursals, and an office with a requisite support team and supplies. Just the process of hiring and interviewing takes critical time, recruiting fees, and expenses you never remembered.

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Cost Founder Software Review Startup 264

Startup Professionals Musings

SEPTEMBER 29, 2018

Cash flow is a basic survival metric for every startup. Yet it always amazes me that I can find two different startups, seemingly working on the same problem, with one having a burn rate several times higher than the other. They understand startup realities. Desperate entrepreneurs lose their leverage and die young.

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Burn Rate Hockey Stick Startup Salary 223

Startup Professionals Musings

AUGUST 19, 2020

Cash flow is a basic survival metric for every startup. Yet it always amazes me that I can find two different startups, seemingly working on the same problem, with one having a burn rate several times higher than the other. They understand startup realities. Desperate entrepreneurs lose their leverage and die young.

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Burn Rate Hockey Stick Salary Angel Investor 310

YoungUpstarts

SEPTEMBER 12, 2018

Robust startup economies are popping up in communities all over the country, proving that entrepreneurs can succeed outside of Silicon Valley. At Rev1, we’re knee deep in helping startups build and scale in the Midwest, including direct support for attracting executive and tech talent. Be honest about your weaknesses.

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Hiring Technical Review Silicon Valley Due Diligence 100

ReadWriteStart

JUNE 8, 2021

After launching a new startup, you’ll be interested in growing the business as quickly as possible, thus generating more revenue, securing more stability, and improving your reputation as well. What Makes Employees Productive in a New Startup? So what is it that makes employees productive in a new startup? Limited budgets.

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Employee Product Startup Software Review 127

The Startup Magazine

MARCH 4, 2023

Hire the Right People One of the most effective ways to reduce employee turnover is to ensure that you are hiring the right people for the right job. company spends approximately $4,000 and 52 days to hire a new employee. company spends approximately $4,000 and 52 days to hire a new employee.

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Employee Management Software Review Technical Review 162

Startup Professionals Musings

SEPTEMBER 22, 2023

Young entrepreneurs and startups, in particular, often remain naively unfocused, despite their passion, of what it takes to provide the high-quality service expected. You have to start with hiring only people who are willing and able to make serious customer service happen. Build a service vision that everyone sees as clearly as you.

Technical Review 249

Technical Review Salary Metrics Matching 249

The Startup Magazine

JUNE 13, 2023

Recruiting the right candidates is essential for the success and growth of your startup. Since your business is a startup, you may not have built your reputation yet. Since most startups often have limited resources, you may not have a big salary budget to compete with large corporations.

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Hiring Startup Canada Salary 136

SoCal CTO

SEPTEMBER 19, 2011

I've posted quite a few things on the topics associated with being a Startup CTO. Lessons Learned: What does a startup CTO actually do? Startup Advice: When to Use a Consulting CTO Attracting a CTO to your startup Startup CTO: Could It Work? And you may also want to review Startup Development.

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CTO Hire Fractional CTO Startup Equity 175

The Startup Magazine

JULY 10, 2019

A common misconception made by those who are new to the practice is that it’s just the starting salary that needs to be taken into account. Startups have to be particularly careful in their selections. The post Recruitment: Top mistakes made by hiring managers appeared first on The Startup Magazine.

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Hiring Due Diligence Management Salary 99

The Startup Magazine

MAY 31, 2022

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. Finding and hiring new talent is one of the most important tasks for any HR department. To Whom Can You Outsource HR Tasks? Payout processing and accounting.

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United States Salary UAE Hiring 137

Up and Running

NOVEMBER 21, 2016

If you’re an entrepreneur or working in a startup, you’ve heard all the hype around the extravagant perks and benefits some companies, especially in the tech scene, are offering. So if you don’t have the money for unlimited ping pong tables and a gourmet chef—much less top salaries—can you still find and attract the best people?

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Hiring Silicon Valley Technical Review Startup 60

SoCal CTO

SEPTEMBER 19, 2011

I've posted quite a few things on the topics associated with being a Startup CTO. Lessons Learned: What does a startup CTO actually do? Startup Advice: When to Use a Consulting CTO Attracting a CTO to your startup Startup CTO: Could It Work? And you may also want to review Startup Development.

CTO Hire 175

CTO Hire Fractional CTO Startup Equity 175

SoCal CTO

SEPTEMBER 27, 2011

I was asked by a reader how much equity he should give out to early employees and to service providers in a very early stage startup. The first few people into a startup are on a spectrum of founder vs. early employee. For your first key hires, three, five, maybe as much as ten, you will probably not be able to use any kind of formula.

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Early Stage Equity CTO Hire Sweat Equity 391

Both Sides of the Table

NOVEMBER 14, 2017

Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. Innovate In the early years of a startup there is a lot of kinetic energy of enthusiastic innovators looking to launch a product that changes how an industry works.

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Operations New York City Technical Review Startup 286

Austin Startup

SEPTEMBER 8, 2021

with full benefits and an average starting salary of $55,000 or more. Vanessa Baker, an August 2020 Road to Hire graduate, who is now a successful software engineer at Bank of America in Charlotte, said, “The power of Road to Hire to invest in and build the next generation of tech professionals cannot be quantified.

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North Carolina Charlotte Hiring Austin 79

ReadWriteStart

FEBRUARY 21, 2021

Launching a new startup is always exciting. When you have the right idea at the right time, a startup that begins life as two people in a garage can eventually become a multi-billion-dollar enterprise. Oftentimes, new startups are inclined to cut costs that seem superfluous or unnecessary for the core business model to function.

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Startup Software Review Open Source Technical Review 106

YoungUpstarts

MARCH 11, 2016

It’s not enough to launch a startup that offers a new product or service that shakes up the market. If you make common mistakes , like not hiring the right people, you’re heading for trouble. Hiring the right people is not as easy as it may seem. It takes years of experience acquiring the intuition to hire the right people.

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Hiring Technical Review Reputation Employee 100

The Startup Magazine

DECEMBER 5, 2022

Worldwide talent hiring. Hiring an expert from, say, Ukraine or another offshore development center may significantly lower the cost of paying programmers’ salaries, as well as totally eliminate the expense of equipment purchases and utility costs, whether the customer is based in the US, EU, UK, or Australia.

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Offshore Software Developers Software Development Software 140

Startup Professionals Musings

JANUARY 8, 2021

Young entrepreneurs and startups, in particular, often remain naively unfocused, despite their passion, of what it takes to provide the high-quality service expected. You have to start with hiring only people who are willing and able to make serious customer service happen. Build a service vision that everyone sees as clearly as you.

Technical Review 385

Technical Review Salary Metrics Matching 385

Startup Professionals Musings

FEBRUARY 21, 2012

Cash is the fuel of every startup. It continually amazes me how two startups, seemingly comparable in stage and objective, can be so far apart in their burn rate. Here are some recommendations on how to keep the rate low, and help your startup to prosper at the same time: Measure it and manage it. Which would you bet on?

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Burn Rate Startup Salary Equity 232

ReadWriteStart

JANUARY 26, 2021

Launching a startup is ridiculously exciting. That’s because more than half of all startups fail within the first five years of operation. Understanding the reasons why startups fail can help you avoid such a fate. So what are the driving factors that lead to startup failure? Lack of Market Need. Poor Customer Experience.

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Startup Professionals Musings

SEPTEMBER 29, 2021

Some experts have estimated that the cost of keeping the wrong person for a given organization can be up to fifteen times his or her annual salary. Hire only people with positive and can-do attitudes. It’s easy to spot negativity and complainers, which should be a major red flag in every hiring process.

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Employee Salary Hiring Stock 371

Up and Running

OCTOBER 19, 2021

As a startup looking to hire your dream team, this news can be exciting. A recent report from CB Insights found that 14% of startups fail because they didn’t have the right team. If you’re ready to recruit your startup dream team, here’s how to do it. 4 qualities to look for in a good startup employee.

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Startup Salary Stock Options Employee 127

YoungUpstarts

SEPTEMBER 15, 2015

The right advisor can have a greater impact on the success of your small business than any other hire you ever make. It’s time small businesses started hiring more advisors. ExecRank now serves companies and executives in 124 industries, 12 countries, and 1000s of startups, small businesses, private and public companies. .

CTO Hire 100

CTO Hire Fractional CTO Small Business Hiring 100

Startup Professionals Musings

JANUARY 28, 2011

Cash is the fuel of every startup. It continually amazes me how two startups, seemingly comparable in stage and objective, can be so far apart in their burn rate. Here are some principles on how to do that, and help your startup to prosper and live another day: Measure it and manage it. Which would you bet on?

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Burn Rate Startup Salary Equity 231

Both Sides of the Table

JUNE 30, 2016

conversation literally every week with startups. It is a truism that with more capital you will hire people more quickly and spend more liberally whether it’s on external contractors, PR firms, attending events, doing legal work (trademarks, patents) or whatever. It forces harder decisions about whom you’ll hire and whom you’ll delay.

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Pre-Money Valuation Valuation Early Stage Startup 292

Startup Professionals Musings

SEPTEMBER 14, 2016

Cash flow is a basic survival metric for every startup. Yet it always amazes me that I can find two different startups, seemingly working on the same problem, with one having a burn rate several times higher than the other. They understand startup realities. Desperate entrepreneurs lose their leverage and die young.

Burn Rate 120

Burn Rate Hockey Stick Startup Salary 120

Up and Running

APRIL 12, 2021

For many startups and small businesses, talent management can sometimes be deprioritized from the everyday chaos and operations. In this article, we outline the challenges that startups can face when managing their employee performance, as well as solutions to get their employees on the right track. Unclear objectives & tasks.

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Employee Management Salary Retention 139

The Startup Magazine

APRIL 2, 2022

To maximize the benefits of hiring freelance workers, it is important to learn how to support them and work with them properly. . Hiring talented and skilled freelancers can help cut costs for many businesses. Hiring talented and skilled freelancers can help cut costs for many businesses. Be Ready for Them. Communicate.

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Salary Hiring Portfolio Cost 142

SoCal CTO

NOVEMBER 14, 2012

I was just asked about a particular startup situation (seed stage, CMO hire, non-founder) and particularly what compensation and equity is appropriate. Seed Stage Compensation What are typical compensation numbers?

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CTO Hire Equity Seed Stage Option Pool 329