Archives for Business Startups

6 Benefits Your Startup Can’t Get Without Hiring an Executive Search Firm

Searching for a new executive takes exponential amounts of time and a level of recruiting expertise and networking that is difficult for most internal teams to attain. If you’re thinking about going it alone and looking for your next executive yourself, first take a quick look at six major benefits you’ll miss out on by not bringing in an executive search firm.  A Neutral Actor When a company is looking for an executive internally, there are a lot of opinions and potential emotions attached to the decision. Everyone has different requests and priorities and may have trouble seeing things from
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Tips for Attracting Top Talent to Your Startup

Finding top talent can be difficult, therefore as a growing startup, you should take a few measures to ensure top talent is able to find you. You run an amazing company, have a stellar team, and do impactful work. Here are a few ways you can put that information at the forefront to attract top talent to your startup for your next round of exceptional employees. Thinking about expanding your leadership team? Not without downloading our “Building Your Startup Dream Team” ebook first! Identify and Declare Your Purpose and Values If you want insightful forward-thinkers to find your company both as
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8 Signs Your Startup Needs to Hire an Executive Search Firm

You know your company inside and out. You did the market research, developed a business plan, and secured funding more or less on your own. Now, you’re ready to hire executives. You’ve never done this before. But like so many things you’ve never done before, you’re ready to dive in and figure it out. Your determination is admirable. But do you know the reasons  indicating that you shouldn’t do this alone? Here are 8 signs you need to hire an executive search firm. 1. A Bad Executive Hire Has Already Cost You There was no way to foresee what happened.
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How to Identify the Right Time to Hire a Startup Sales Leader

If you’re like many startups, you started small with a few sales reps who more or less managed themselves. While this may work for a short while, any on-track startup will quickly outgrow this model. You’re probably already have. Waiting too long leads to lost opportunities, wasted marketing dollars and poor close rates. But hiring a startup sales leader when the time is right ensures you continue to grow and thrive. Let’s explore the right time to hire sales leadership for your startup. 1. The Leads Outpace Sales Capabilities Your marketing team has invested significant time and money into generating
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How to Identify the Right Time to Hire a Startup CMO

As the founder of a startup, you have a lot of decisions ahead of you. These decisions will help shape how your company develops and grows for years to come. Hiring a Chief Marketing Officer is one of these decisions. When is the right time? How should you go about it? Let’s explore the perfect time to hire a Startup CMO. 1. Competition Is Brutal If you’re working in a saturated industry, you have to differentiate fast. Outsmart and outmaneuver. You’re running a business while at the same time, you’re managing the labor-intensive tasks associated with constantly analyzing and adapting in a
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5 Essential Reasons Hiring is a Critical Element in the Startup Success

As a startup, you have the opportunity to build your team out from square one. Square one is you. Each person you add to your team either strengthens your core leadership unit and, in turn, your business.  Or it weakens your business from the inside out. But the modern hiring landscape as we approach 2020 isn’t a rosy one.  44% of employers are currently trying to hire full-time employees. 45% currently have jobs they can’t fill. Nearly 60% say that most job openings stay open for over 3 months. They’re struggling to find the right people. This demonstrates just one reason it’s essential that a startup has a
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You Just Closed Series A Funding, Now What?

You just completed your first round of funding. You’ve got your proof of concept and a plan. Now, you have the seed capital to turn your vision into a thriving business. What you do in the next 10, 30 and 90 days will determine whether you’re headed for a rocky start or ready to take on the market, barreling toward profitability and growth. But what next? It’s time to start building a winning leadership team. You’re not new to wearing many hats in a business. But you understand the difference that having elite talent makes in developing, running and growing a business. Research published by McKinsey Global Institute found
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3 Major Signs It’s Time to Expand Your Startup Leadership Team

It seems timing is always crucial with a startup, whether it is bringing your product to the marketplace or planning a new business launch at just the right time to attract a group of investors. But there’s another matter of timing that is just as crucial: how do you know when it’s time to expand leadership and bring on a new management team? There are a lot of reasons entrepreneurs may be hesitant about expanding, or even completely overhauling, their company’s leadership team. They often feel uncertain about finding people they can trust with their company’s future after putting so much time and resources into
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Executive Hiring Plans for Start-Ups, Part 3

You’ve done all the right things. You’ve planned your next three executive level hires and the business goals that will drive the hiring decisions. You’re actively seeking members of your executive team and are prepared to offer competitive compensation packages. But when it comes down to it, it’s difficult to make a decision. Who is going to work out? The young and hungry candidate lacking experience? The seasoned executive looking for a position that can take them to retirement? When the wrong decision can cost you precious time and money, making a choice can feel like an overwhelming burden. Who’s
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Executive Hiring Plans for Start-Ups, Part 2

“My company is young, but growing fast. We have to start thinking about building our leadership team or we are going to have problems with fulfillment and scaling. How do I attract the kind of executive I want when I can’t pay what the other company pays?” Often, hiring decisions come down to money for a business. Can we afford another person in the operations team? How can we add more capacity without increasing the payroll by 5%? This focus on affordability creates the (often) incorrect perception that individuals make decisions about where they want to work based on money
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