Have you ever wondered why so many great entrepreneurs and intrapreneurs tend to sport more gray hair than usual, even in their early 30s? It is because the best ones get it! One of the main things that keep us awake late at night is the worry that our talent may bail on us or we may not be able to find the right people to join us. It is much harder to find great employees than it is to find capital. Now, I am not an expert on manufacturing, but in knowledge-based businesses, people are the biggest investment.
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During my career I have become very successful at keeping the number of uncollected accounts to a minimum (in one company we had only one invoice we had to write off). Collections definitely rates in the top 3 of the most undesirable duties, but there are ways to minimize the pain. The best way to do so is by implementing tough practices that send a message out there: “we are serious about delivering what we have promised and we expect the same from you”. Here are some of my techniques
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Corporate social responsibility is a hot topic these days at large companies. There is a growing contingent of investors who are no longer just after returns, they also want to be associated with companies that do "good". I want to focus on what can be done at the startup level, when you are just building ...
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Let me start with a very strong statement. Not providing employees with healthcare insurance is absolutely reckless! It is complete nonsense to say that there are no affordable options. Actions speak louder than words. If a company is not providing health benefits to their employees, they don't care enough about their people and ...
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