Posts

Top view of four business colleagues sitting on office lobby and discussing new ideas. Corporate business team meeting in office.
Getting the right pool of talent on board is essential for any company. However, start-ups and new business ventures, in particular, cannot afford to make any hiring and recruitment mistakes. When the budget is tight and brand credibility has yet to be made, even a single wrong hiring can not only set your business back but also keep it from taking off altogether. Moreover, the scarcity of resources and lack of recognition can make it too hard for you to attract the brightest and best start-up talent. Below, we have compiled seven great tips for building your ideal start-up workforce.

1. Build your Business upon an Exciting Idea

Attracting top talent begins with initiating a business based on an innovative idea that others want to be a part of. Everything else, including the location of your business, is secondary. When your venture is an exciting one, potential talent will certainly want to work for you. In addition, your employees will share with their friends and loved ones the awesome experience they have in your company. Thereby, many other potential candidates will approach to work for you. Consequently, you will eventually have the best start-up talent.

2. Choose People who are Professionally Better and More Competent than You

Although a person may have good experience in several different fields, one cannot be an expert in everything. Thus, you require a team of experts who are top in their individual fields, whether it is sales, marketing or development. Always remember that talent attracts talent. Thus, begin your business by picking great start-up talent who will eventually bring in many other well-versed professionals to your company.

3. Build Team Buy-In

Every new hire you choose renders a profound impact on your team’s norms and culture, particularly for small teams. Consequently, buy-in from your start-up team is simply imperative for each hire. You should build team buy-in in two essential ways: First, have each team member of your start-up meet a potential candidate at the final interview stage in order to do an assessment of cultural fit. Once they meet, ask your present employee one very simple question: Will you efficiently and happily spend twelve hours a day with that person? Second, ask others in the field: Would you desire this candidate to be your supervisor or boss? If others do rely on the knowledge and dedication of an expected potential teammate, then such a start-up talent would be the right hire.

4. Be Transparent about your Start-up Needs

The quick evolution of a growing company’s needs is one of the toughest aspects of start-up recruitment. It can potentially leave your team members behind when their skills become obsolete. Therefore, every start-up enthusiast should be well-prepared for this challenge ahead of time. You should completely disclose present expectations for the job vacancy being filled and the way it may change, based on your company evolution.

Being transparent about your potential business shifts and needs not only encourages your motivated employees to improve their skills continuously but also helps them determine how their efforts can best serve your business mission.

5. Offer Genuine Benefits

To effectively lure, recruit and retain the best start-up talent, you should offer real and measurable benefits. Employee equity (or ownership) is a powerful benefit that aligns the founder and employee incentives and can potentially beat lower paychecks than competitors. Even simple, budget-friendly benefits like food and/or technology allocations can also help attract great start-up talent. Employee healthcare benefits are another vital competitive benefit.

6. Define your Process Clearly and be Loyal Towards It

There are several different ways of carrying out these strategies. Whatever approach you adopt, it is necessary to define a process clearly and accompany someone on point to both manage it and commit to it. Remember, the process that you define should not change, even when your business grows. The things that seem obvious when you are small naturally tend to get discarded when you grow.

7. Keep Up and Never Stop

The incredible things that guide you to recruit and retain the best start-up talent should continue long after the job contract is first signed. Prioritizing your team’s expectations is valuable to keep your employees motivated and enthusiastic, which can turn even a mundane business into a thriving venture.  

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Rear view of a young businessman looking at his mobile phone screen and wearing a dark suit standing near a concrete wall with a colorful social media sketch on it
It only takes a few Google searches to become overwhelmed by the abundance of information existing about entrepreneurial start-ups. Numerous stories exist on how this or that start-up transitioned into a victorious, reputable business. But, in various cases, you are going to be left trying to fill in the blanks or still searching for case studies significant to your industry or business model.

There is only one dependable method to get your industry to the next level. And that involves putting your faith in tried-and-tested methods that other entrepreneurs have used to make the leap.

  1. Focus on productivity and not only on activity

Shun the busyness trap and question yourself on what you need to focus on today or in the future. Plan in advance so that you know precisely what your next steps are. Leadership expert and Coach Leah Wultschik has distinguished that when leaders engage in all way of busyness, the never ending center to get things done results in decreased creativity. You will constantly be in a reactionary state, leaving you unable to make strategic decisions.

  1. Hire the best talent possible

Surround yourself with world-class workers who bring priceless ideas to the table rather than trying to squeeze what you can out of second-rate employees. Aislinn Malszecki, who oversees content strategy and community at MaRS, suggests the following steps to be a focus for finding the best talent possible:

1. Avoid reactionary hiring: Founders frequently find themselves badly in need of help and may hire without looking for the right fit and skill set.

2. Create a buzz for your company: Make use of your reputation and personal network to draw the right kind of people to your business.

3. Tap into your network: In addition to posting jobs on your website and LinkedIn, influence your network as well as the networks of your employees to find like-minded candidates.

4. Building your team is not a subject to be taken lightly: Neighboring yourself with the right people can mean the difference between breaking through and remaining stagnant as a business. Work with people who motivate you.

  1. Partner with an agency

The opportunity cost of doing the whole thing by yourself can add up fast. Work with an agency. The up-front cost of outsourced work will eventually be less costly than trying to do it all yourself.

Patrick Woods, director of customer success at Keen IO, notes the certain challenges of working with an agency. To overcome these hurdles, he suggests:

1. Build a relationship with the agency: Take out time to get to know the people you’ll be working with. Determine fit as well as expectations.

2. Communicate: As start-ups tend to move fast, converse regularly and clearly with the agency to ensure you’re on the same page.

3. Understand what the agency can do for you: Elucidate its staffers’ core strengths and competencies. Establish what tasks you’d like them to take over and which you’re looking to handle in-house.

  1. Beware of negativity

Lack of enthusiasm can poison the waters of your entire company. On the other hand, being confident will instill a sense of confidence in your employees. They will follow you more eagerly. Best-selling author and keynote speaker Jon Gordon has pointed out that negativity can affect the morale, presentation, and output of your team. Negativity can also lead to decreased energy and increased stress. When it comes to creating a positive work environment, the responsibility lies with the leader. You need to set the tone for your team to draw the best out of them.

  1. Avoid burnout

James Schramko of SuperFastBusiness is an advocate for getting more rest and sleep. Schramko points out that good rest can help you boost your performance. The cost of losing sleep is important and can include: depression, a weaker immune system, memory issues, obesity and more. The cost of burnout can be particularly high if you make yourself incapable of working for an extended period of time. Consider the costs before letting yourself get to that point.

  1. Prioritize

You will not be able to do it all. No one has more than twenty four hours in their day and we are all very busy. Derek Sivers, the founder of CD Baby, has said that he lives by the “Hell, yeah!” or “No” philosophy. He explains that saying no to most things leaves room in your life for the few things that get you truly excited. If you find yourself wavering between a “yes” and a “no,” he suggests choosing “no.” Only say “yes” to opportunities that you cannot pass up.

Conclusion

Transitioning from a start-up to an established business can take time. Do not hurry the process pointlessly. When all of the right pieces are in place, you will be able to shift easily from one stage to another. If you try to force the issue, you may end up with more troubles than you bargained for.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

lazy success - Complete Controller

Are you generally known as a lazy person? If so, it can be a good thing and your key to a successful tech start-up when coupled with creativity and perseverance.

Many great entrepreneurs claim to be lazy themselves, such as Ryan Smith, CEO of Qualtrics. Ryan grew up in New Orleans, an endlessly delightful, charming, calm, and peaceful place where you can hardly find anyone extremely busy with an activity other than taking it easy. It is called “The Big Easy” for a reason. His father had convinced him, even in his childhood, to do as little as possible, pick the most straightforward tasks that could give him good rewards, and that it is always better to get a slight criticism than do an arduous activity. Check out America's Best Bookkeepers

With that in mind, Ryan embraced laziness that helped him to initiate a successful tech start-up, ranked # 12 on the Forbes 2016 Cloud 100 list. He concentrated his abilities and efforts only on the areas that matter.

Many lazy yet successful entrepreneurs typically focused their efforts on reinventing ideas that were already manifested as a large business, rather than bringing a fully diverse and unexpected idea to the plate. With innovation, creativity, and a few modifications considering society’s present needs, an old concept becomes a state-of-the-art business idea. Being ‘lazy’ and copying an already established model is smart to build a successful tech start-up just as QuickBooks is an innovative way to do bookkeeping for small businesses.

There are several incredible and innovative platforms and partners out there already waiting to benefit you through a combining of forces. Consequently, you do not have to worry about being a little bit lazy. There are logical reasons why slight laziness combined with determination and creativity can help you erect a successful tech start-up, rather than harm it.  Here are our reasons why. Check out America's Best Bookkeepers

  1. The Foundation is Already Built

If you can identify an enthralling platform that will easily combine with what you love to do, you can take great benefit from that. Thus, there is no reason to create something time-consuming and extravagant when someone else has already designed, developed, and maintained many of the necessary features and elements that you would need to build yourself. Instead, partnering with those people or companies who could benefit from your business and designing on pre-established platforms, is a robust methodology to unlock profits and boost your successful tech start-up, without needing to rebuild the wheel.

  1. Potential Resource comes with Partnerships

Whether a start-up enthusiast is combining their assets with another small organization or erecting on a comprehensive, renowned platform’s top, they will eventually gain many potential resources that they did not have. Indeed, there is immense benefit from getting on board with a solid platform that already accompanies a large user base and clientele who are already benefiting from the platform and have been constant in that system. Consequently, lazy entrepreneurs can easily save time and energy by minimizing their resource allocation and initial marketing push through partnerships with already established platforms, thus building a successful tech start-up. Check out America's Best Bookkeepers

  1. Giant Platforms will Market for You

When it comes to marketing, to make your idea a thriving tech start-up, you will be saving a lot of time, personal resources, and energy to build your product or service on a larger platform. This is because the platform itself is likely to promote and market its product or service with more budget than you could ever think to invest. For instance, Facebook is extensively promoting and advertising Messenger bots to help drive customer conversion, interest, and market.

  1. You are Closer to Innovation and Diversity

The significant disadvantage of establishing on the base of another platform is the unexpected occurrence when the system chooses not to offer that feature further. Thus, it could harm the future of your present successful tech start-up. However, once you have built your product or service, you can always diversify and adjust it for other systems and platforms much easier with little effort. Also, when you put your efforts towards integrating your product or service to operate in harmony with all other standard platforms, like a website for all screens, viz. desktop, tablet, and smartphone, and an app for different operating systems, viz. iOS, Microsoft and Android, you are eventually mitigating the risks.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Entrepreneurial Advice - Complete Controller

If you are aiming to begin or have started a business, then be aware of these four cheap pieces of entrepreneurial advice.

  1. Quit your job and commit to your new business full-time

Remember, having more time to put your efforts and energies into your project is not going to enable you to become more successful. You value your time more when restricted. You are typically focused as the time constraints force you to be more productive and efficient. Instead of quitting your job, losing your primary source of earning, and increasing financial stress in your life, learn to get more accomplished in less time. Reinforce your productivity with task-automation that requires repetitive efforts. It would help if you also outsourced the activities that you cannot automate with the help of a virtual assistant and make the most of your extra time in networking and building a customer base for your new venture. Check out America's Best Bookkeepers

Stop thinking that it’s all or nothing. Remember that the most successful businesses in their start were a part-time gig long before the owners made it their full-time attention.

  1. As Entrepreneurship is all about risks

Although starting your venture or side business is never without risk, every entrepreneur is not a bold risk-taker. Most successful corporate owners do everything to minimize their risks. The founders of Warby Parker continued working their old jobs for a long time, even when their company was already a huge success. They waited until they were confident with the net functional safety and effectiveness of the business in generating revenue before taking major risks. Consequently, as a start-up enthusiast, you must weigh the benefits and advantages of growth against the time, efforts, and costs needed. As bookkeeping is essential for preparing financial statements, idea evaluation is necessary for entrepreneurship.  

  1. Never share your business idea, or someone will steal it

You may have heard stories of people who had their unique business idea stolen from them. However, I have never known an entrepreneur who has experienced this. Is it possible? Certainly! However, the tough reality is that most of the business ideas we think are brilliant are terrible in one or more ways. Check out America's Best Bookkeepers

 

Although you may not prefer telling everyone you meet your business idea, you must obtain genuine feedback and business advice from experts. Your friends will hesitate to give negative comments about your ideas, as they think you might feel disappointed and see them as your enemies.

If you are deeply concerned about your idea being stolen, there are many NDA agreements available online you can benefit from. However, you will hardly find ten other people who may have pitched an investor willing to sign it as the same idea. Thus they cannot afford to lock themselves into an NDA. Also, your idea implementation is more necessary to them than the idea itself. Following this entrepreneurial advice could lead you to spend years pursuing an insane idea.

 

  1. You get only one chance at making an impression 

When you share your idea with someone renowned in the industry, they will probably not remember you. They meet so many individuals daily that each face becomes part of another crowd. Although it is certainly a big deal for you, it may be one of the hundreds of interactions they have every day, not to burst your bubble. Check out America's Best Bookkeepers

Consequently, avoid worrying so much about whether you did or said the right thing. Instead, visit different organizations, make new professional friends, and show courage.

Conclusion

While there’s nothing wrong with accepting guidance and help from professionals that have been in the industry longer than you, proceed with caution when someone suggests the four pieces of entrepreneurial advice discussed above. Listening and following them could significantly harm your career as well as your start-up business success.  As with any big life decision, it’s most important to listen to your intuition and allow that to guide your way.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers