Are you truly doing everything you can to get good people on board?
All entrepreneurs know there’s a point where they can't do everything themselves. Maybe you're way past this already, or maybe you're just on the cusp of hitting it. Companies either have too many leads/customers, or funding that must be directed at in-advance capability building. Both of these require manpower.
Having the "right team" in place is often cited as a critical success factor for founders who want to grow faster. But, successful founders know that the "right team" also changes as you grow.
Early stage start-ups have it easy in many ways. After patching together a minimum viable product with help from friends and freelancers, they can start offering that product to potential customers. If they’re focused, the co-founders are spending most of their time acquiring initial customers and figuring out what those customers actually want.
There’s a war for talent these days, where it’s getting more and more challenging to find great hires located within commuting distance. One thing employers can do to keep themselves competitive and attract great talent is to offer flexibility and expand their hiring pool to include previously untapped global sources. Remote work makes this possible. ...continue reading →
Entrepreneurs are always strapped for time. For startups, time isn’t the only resource that’s lacking—it’s the budget, too. “Early-stage entrepreneurs are notoriously cheap.” shares Ritika Puri of Storyhackers. Most of the funding naturally goes to the product. As a result, it’s the non-tech roles like marketing that are last to be filled or first to be cut during a downturn. ...continue reading →
Outsourcing has enabled companies to work smarter, instead of working harder. According to inDinero, over 40% of businesses can gain back 80 or more hours a year just by outsourcing their back-office tasks like payroll and taxes. ...continue reading →