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...
With the growth of a Startup, controlling its finances and driving it forward becomes a more complicated equation. The management of your books, the identification of growth opportunities, and protecting your bottom line can make even your general bookkeeping feel like solving pi. Your organization will eventually need to hire an individual who specializes in financial planning and analysis...
The job duties of the Chief Executive Officer or CEO differ from organization to organization depending on the company’s mission, product goals, and operational needs. The duties of a CEO also vary depending on the size of the organization, the number of employees, and other factors. When we think in terms of the job description, we need to first understand a few basics including Chief Executive...
Many small business owners tend to think of themselves as CEO but sometimes help is needed. As a founder, there comes a time in your company’s growth trajectory when you need to hire someone from the outside to take charge and take the company forward. Knowing when to step away from a company can be an incredibly difficult decision to make but it is better for founders to make this decision on...
The responsibilities of a CEO, whether in a small business or a larger firm, are manifold and a CEO is required to wear a number of varied hats at various times depending on company requirement at that particular time. Among the top skills for a CEO, is the fact that they must be capable of managing a workplace where employees enjoy work, are passionate about the company, and exhibit an interest...
Having a great concept and a strong drive to succeed is no longer enough to operate a successful startup in today’s market. If you’re an entrepreneur looking to grow and develop your business, you should think about funding options as well. According to surveys, one of the most prevalent causes for small business failure is a lack of capital. Here are a few reasons why start-ups...
