The National Health Service or NHS is the largest publicly funded service in the world. It came into existence on July 5, 1948 with an aim to provide free healthcare to the entire population based on the need for treatment and not the ability to pay. It is now the 4th largest employer in the world with 1.7 million staff across the United Kingdom. There are many questions that arise with relation...
“The most reliable way to forecast the future is to try to understand the present” – John Naisbitt Financial projections and forecasting provide you a glimpse into your startup’s future financial status. To overcome the hurdles and survive the competition, every business needs a startup financial projection. A business strategy is nothing more than a concept until you start filling in the...
For a startup to succeed, you need outstanding professionals. Founders face a significant challenge recruiting these experts to join their startup management team. Without a vast network of people who can assist him, a founder is unlikely to find specialists. There is fierce competition for high-quality, motivated, and skilled professionals. By embracing globalization and remote-first techniques...
“How can you run for president if you don’t know the job description?” – Mohamad Elbaradei If you look around, a majority of modern startups or businesses rely on technology. New technologies continue to evolve every single day, and businesses must quickly adapt to them to stay ahead of the competition. A business that fails to keep up with technological advancements is likely to go...
“People are not your most important asset. The right people are.” – Jim Collins As the tech world continues to flourish, so does the pivotal role of chief technology officer, or CTO. A seasoned CIO is known for working with a wide range of services, from data security to AI algorithms, while effectively and efficiently mitigating risks. The professional is in charge of a variety of IT strategies...
Any new startup that ventures into software development will, at some point, find that it can become challenging to manage the technical aspects of the process. Attempting to scale up development efforts from ground zero without the right amount of experience can cause things to fall apart really quickly. In addition, if the product fails to meet customer needs, the burn rate will...
With the boom in the tech industry over the last couple of years, every entrepreneurial mind in the industry is looking at grasping the best benefits from the market. However, in most cases startup founders are intimidated by the idea of development teams, hiring developers and building the production from scratch. On the whole, the technology part of setting up the architecture, finding the...
Every startup owner is faced with the decision of hiring a startup CTO at some point in the journey of their business, if not at the very beginning from day one itself. Leadership hiring is not to be taken lightly and business owners must ensure that they look for the individuals with the right qualifications and experience who will also be a good technical and cultural fit for the organization...
Startup founders are passionate about developing their businesses into long-term profitable entities and expend significant resources in order to achieve this goal. When forming the startup’s core team, one of the most common questions that arise is: “Who should be CEO of startup?” Taking on the role of CEO may feel natural to many entrepreneurs. However, not all startup...
We’ve all heard of the e-commerce giant Amazon.com. Jeff Bezos, the founder and CEO of Amazon for nearly three decades, recently handed over the CEO reins to Andy Jassy, a former protégé. Bezos highlighted that he intended to focus on the company’s long-term objectives, particularly his rocket business Blue Origin. This is a classic example of how, as the firm progresses and expands...