A board of directors helps oversee the activities of a company or organization. Publicly held companies have to have a board of directors, while private companies don't. That begs the question for many startups as to whether or not they need a board of directors, and if so, when? There are many reasons this is a good idea for most startups. So, for the purposes of this article, let's say you do need one. In this case, we look at what startups need to consider before forming a board of directors...Continue reading
As you're building your new startup team, there are some things you want to consider. You want to put together an effective team that not only has the qualities necessary to do the job, but you want a team that works well together and has strengths that are complimentary. A good team is the team that propels your startup into the future and with maximum productivity and growth. In this article, we discuss the top traits to look for when adding members to your team. Strong organizational skills I...
The best way to ensure that you can find more time in your day to focus on growth is to eliminate non-core responsibilities from your schedule. The problem is that you may not be able to identify which tasks you can delegate or outsource. The solution? A time audit. Use the following infographic to find out how to determine the ways that you're spending time.
According to Career Builder, 74% of companies that admit they've hired the wrong person for an open position lost an average of $14,900 for each bad hire. What's more, according to the US Department of Labor, the cost of a bad hire can reach up to 30% of the employee's first-year earnings. These stats show you just how important it is to hire right the first time. To assist you, let's look at five of the most common hiring mistakes startups make. #1: Hiring people you know While in some instance...
Most people's lives have been completely upended by the Corona Virus or COVID-19 sweeping the world. That said, today I'm highlighting 50 helpers. When the pressure is on, and governments are overloaded, it is up to businesses large and small to do things that will better their employees, customers and the community at large, until this difficult time passes. [Read full article on Forbes]
Finding a good mentor and maintaining a strong relationship with them while in school is a resource that can hugely pay off throughout the course of your career. From helping you develop time management skills to providing unbiased feedback, mentors are a great resource who will help you grow both personally and professionally when starting off in your career. A mentor can also help your clarify your goals, increase your confidence, and give you a new perspective from someone who is experienced ...
With stock markets plunging and coronavirus cases surging, owners of small- and medium-sized businesses are scrambling to figure out how to deal with the disruption to their operation. [Read full article on CNBC]
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