Tag Archives: start

Balancing a Start-Up and a Baby

Hard at It Jessica DiLullo Herrin describes herself as the go-go-go type.’ Jessica DiLullo Herrin co-founded the prominent wedding website WeddingChannel at 24, and for the next few years, she devoted almost all her waking hours to her start-up. Her next business had to be differentbecause it had to accommodate a growing family. From the start, Stella & Dot has sold its custom jewelry through in … Continue reading

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Fred Whelan and Gladys Stone: Rejected Outright for the Job Because of Their Online Image

Business strategist and Webby Award winner David Allen Ibsen (runs business consultancy 5 Meetings Before Lunch) was helping one of his start-up clients with their… Continue reading

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More young people starting up businesses

On 26 August, a number of young Vietnamese and Chinese people attended a seminar on ‘Business Start Up’ in Liuzhou City in China, as part of the ongoing Vietnamese-Chinese Youth Festival in the Chinese province of Guangxi. Continue reading

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Michigan start-ups pitch business plans to panel at NextWave

On Tuesday, a group of Michiganders pitched their business plans to a panel of judges, hoping their start-up companies would be chosen for a spot at NextWave, a new for-profit business incubator in Troy that plans to invest in and help fledgling firms grow. Continue reading

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What Kind of Entrepreneur Are You? Part 3

Most growth-oriented entrepreneurs are wired for starting, not running, a business. I call these folks “on-base hitters” because, unlike baseball’s “sluggers,” they focus on earning lots of little wins in the form of starting many small businesses instead of seeking out rare but fantastic successes. (Read more about “on-base hitters” and “sluggers” in Part 1 of this series.) Yesterday, in Part 2 , I described the Kolbe personality test, which allows you to measure yourself on four personality attributes that are predictive of your success and happiness in running a business. People with a high Quick Start score on the Kolbe test thrive in the chaos of a start-up. One of the reasons Quick Starts rarely grow large businesses is because all of that creativity makes them bad managers. If you’ve ever watched a 230-pound slugger try to lumber his way to first base, you know it’s not a pretty sight. Neither is watching a Quick Start entrepreneur try to manage a large team of employees. When the boss is a Quick Start, employees get frustrated trying to keep up with all of the new ideas. Employees have trouble determining which brainchild was just a passing thought and which needs their most urgent attention. People with high Fact Finder scores often see their Quick Start boss as an impetuous, superficial risk taker. That’s why most growth-oriented entrepreneurs are happiest—and most successful—in the start-up phase. In a start-up, new ideas are valued at a premium, and there are only a few employees to manage. To follow our baseball analogy, these types are happiest with the quick, regular success of getting on base a lot rather than hitting a rare home run. Here’s an informal quiz to identify whether you’re best suited to be an on-base hitter or a home run slugger. Answer each question with a simple “agree” or “disagree.” I get bored easily.I feel overwhelmed by complexity.I have higher employee turnover than is normal for my industry.I like proposing new ideas that some people think are “off the wall.”I started lots of little businesses before getting into the one I’m running today.I’m a big-picture person.I started a little business when I was in high school or university.I burn out when my business gets too complex. If you answered “agree” to more than four of the questions above, you’re probably a person who thrives on the variety of the start-up and would flounder running a larger business. Focus on just getting on base by launching the business and creating revenue and a positive cash flow; then either sell it or install a manager. Clearly, you won’t earn as much from the sale of one small business than you would if you hung on and built it up further, but by getting out quickly, you’ll retain the energy and creativity to devote to a new business. Collectively, a portfolio of successful start-up businesses in a career could easily surpass the financial success of one home run, and you’ll be infinitely happier along the way. John Warrillow is the author of Built to Sell: Turn Your Business into One You Can Sell. He has started and exited four companies. Most recently John transformed Warrillow & Co. from a boutique consultancy into a recurring revenue model subscription business, which was acquired by The Corporate Executive Board. In 2008 he was recognized by BtoB Magazine’s “Who’s Who” list as one of America’s most influential business-to-business marketers. Business – Small business – Quick Start – United States – High school Continue reading

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Digital Books Designed for Business-Minded People Ready to Embark on the Next Chapter of Their Lives

This businesswoman is more than book-smart, she’s street-smart and the business-savvy president of a web-based bookkeeping service. And she’s eager to share her start-up knowledge with other business owners. Continue reading

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A One-Stop List for Start-Up Help

As a blogger who writes about Start-ups, I often get calls, emails or get stopped at parties because people need something for their company. They may need to hire a person with specialized skills, a lawyer who can help them patent or trademark their unique creation, or even accountant who can use Quickbooks on a Mac. New Yorker Bonnie Halper got so many of these same questions, she created a list for entrepreneurs to help each other. A long-time recruiter in the tech industry who also is an entrepreneur, Halper got a dream call last year. An investor was looking for 3 CEOs, and 3 CTOs. Then she got a dose of the new reality: everyone she spoke to told her they were done working for someone else, and they were starting their own thing. So Halper put up “ Start-up One Stop (SOS) ” to connect these start-up folks to each other. People offer help, or ask for it. When Halper kicked off the effort she sent out 500 invites and got 212 responses – a real New York number. “We get requests for employment lawyers, insurance agents, php programmers, designers and other specialized hires. And I no longer have to reply to five emails a week asking ‘Do you have a client with extra office space?’ I also know Investors and VCs are also on the list, trolling to see interesting start-up ideas go by. At least one company has been contacted.” SOS notes go out twice a week. “I hate getting something everyday – and start-ups are too busy to read something daily.” Time sensitive items get priority, and no multi-level marketing items ever show up. The list has no spam – it has to be real to get past Bonnie. The feedback from people using the list has been positive. An anonymous legal question from a start-up founder got his query answered by a partner at a firm, who helped the entrepreneur for an hour – for free! The lawyer loved the challenge too much to charge him. An original inspiration for SOS was Craig’s list since Bonnie was an early subscriber. She discussed it with HARO ’s Peter Shankman (covered in December’s column ” Promote Your Start-up, Help a Reporter “) who encouraged her to go for it. Isn’t this competing with her recruiting business? “A lot of these folks are unfunded and can’t yet afford a recruiter – but I hope they’ll come back to me when they need me.” Halper’s not charging for the list at this point. She thinks it is the right price for a start-up, and contributing to the community is valuable. But her involvement hasn’t been without benefit. Since she started the list, she’s been invited to join the boards of 4 start-ups. While there are several thousand subscribers, Halper knows people have taking to reposting the list to their own friends on LinkedIn. While this violates her rules, Halper is enjoying the company. “People at start-ups don’t like to meet recruiters at events any more than used car salesman – they hate us until they need us. But they love to meet another entrepreneur – especially one who is helping start-ups out.” What resources do you recommend to help other start-ups out? Make a comment and let us know. Business – Entrepreneur – Small business – HARO – New York City Continue reading

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How to Attract Talent to Your Start-up

Employees are valuable . So are referrals. That was the thought behind Meebo’s decision to offer a $5,000 reward to anyone who referred qualified potential employees to the company that launched in 2005. The only stipulation? People would only get paid if the candidates got hired. As an instant-messaging and social media service, Meebo never really had trouble finding and attracting talent. They offered employees referral bonuses, posted on job boards and committed themselves to so-called “guerilla recruiting.” But they realized, some time in May of this year, that they had 10 high-level jobs to fill and they hadn’t been using all of the resources available to them to find the best talent. They hadn’t yet reached out to their massive user network. So, Vice President of Human Resources Tom Perrault and his team decided to offer the public the $5,000 prize. “Good talent is going to make the difference in the growth of our organization and in the future,” says Perrault. “So we’re willing to pay for good talent.” The referrals the company got, especially from vendors and external partners were, in Perrault’s words, “spot on,” and the experiment was a success. The moral of the story, though, is not that you have to throw money around to attract top talent. Instead, the takeaway message for recruiting is: play to your strengths (in Meebo’s case, it’s networking), be active, not passive, and get your name out there. This guide will provide a few recruiting tips, as well as what to look for in a new hire and how to entice the best talent. How to Attract Talent to Your Start-up: Face-to-Face Interaction No matter how small the internet has made the world, experts still recommend in-person networking as the No. 1 way to recruit talent. “I’ve done a lot of placing people into positions, and I have never used a job board as a way to do that,” says Rich Sloan, co-founder of StartupNation . ‘Personal [interaction] is so much more powerful and important to me.” Start at your local Chamber of Commerce, which should list information on industry events happening in your area. Don’t stop there, though. Research local industry groups and associations. “Every type of business has their own meetings,” says Martin Zwilling, founder and CEO of consulting group Startup Professionals . “You’ll find people who know your business and are looking for opportunities.” Even if you don’t find employees at these industry events, you will at least make contacts who understand your needs and will put you in touch with other people they know. Or, you could create your own networking events, as Meebo did. Perrault says the company started scheduling Meebo meetups around the world and asking fans and users to come out to rub elbows with the Meebo staff. “We’d say, “Hey, we’re going to be in Chicago. We’re going to be in Japan. We’re going to be in New York. If you’re interested in Meebo, come to XYZ coffee shop,’” he says. At these events, they hand out cupcakes and t-shirts. Once, one of Meebo’s founders even played JavaScript bingo with people who showed up. They wanted to give guests a memorable experience because, says Perrault, “It wasn’t just about recruiting. It was about building a community, and people who show up to those things have a heightened interest in Meebo.” Even if you don’t have a huge network of people to advertise your meetups with, you can always try becoming an official Meetup group to get the word out. And don’t forget about schools and universities. Job fairs abound, so it’s wise to get in touch with career counselors at both local schools and schools that have high-performing graduates in your field to see how you can get involved. “Every university makes efforts to get interconnected with the entrepreneur community,” Zwilling says. “They have outreach programs, and the people who are involved are the people who will find you interns and people who will be graduating soon.” Meebo judges and sponsors programming competitions at schools like MIT, Stanford and Berkeley, so they can see firsthand where the real talent is. Dig Deeper: How to Improve Your Hiring Practices How to Attract Talent to Your Start-up: Use the Internet Wisely No one wants to sift through endless responses from a job board listing. You may find the right candidates in the end, but you’ll waste precious time separating what Perrault calls “the weak from the champs.” This is not to say, however, that you can’t find good talent for your start-up online. In the era of social networking, there are tons of sites dedicated to matching qualified applicants with the right employers, including Startupers , VentureLoop and Startuply . You can even try InternshipIN to find people while they’re still in school. Make sure, when you register for these sites, that your profile reflects the spirit of your company. That goes for your Facebook presence, too. If your business is casual and fun, you’ll need people who are attracted to that type of environment, and your time will be best spent if you find these people from the very beginning. Dig Deeper: How to Use Social Media as a Recruiting Tool How to Attract Talent to Your Start-up: What to Look For “There are certain kinds of people who thrive in an environment with the risk profile and anarchy of a start-up,” says Sloan. “Start-ups demand great working relationships. There can be no issues.” This means the cultural fit is equally as important as what’s on a person’s resume. Zwilling recommends looking for people who are results-oriented, people who can tell you what exactly they’ve done in their careers. As you probably know already, responsibility gets pretty evenly distributed in a start-up with a small staff. You need to know that people can produce when given that responsibility. “I hear a lot of people talk about what their job description is, but I’m looking for results,” Zwilling says. He also recommends looking for someone who is “attracted to the promise of a big win.” The road may be rough at first, but someone who’s ready to see your business through and can tell you why it’s worth it to them is someone you want on your team. If your business requires long or odd hours, look for someone whose other commitments aren’t going to prevent them from contributing. And, most importantly, you should steer clear of people who list being tired of the corporate world as one of their main reasons for applying. That doesn’t automatically mean they’re ready for the start-up world, either. Preempting these issues is key, so Sloan suggests putting all potential employees through a training session. He says, “The test period will reveal what the dynamics really are.” Dig Deeper: The New Rules of Hiring How to Attract Talent to Your Start-up: What to Offer As a start-up, you might not be able to offer top talent all the benefits and employee perks that a big corporation can, but what you can offer is the promise of purpose and independence. According to Sloan: “People get involved in a start-up for three reasons. One, they like creating, being part of something new. Two, they want to participate in the upside. Three, they want to live a meaningful life, and the closer you are to the success or failure of a business, the more meaning and purpose you feel.” Without a corporate ladder to scale, employees at start-ups can also start out with higher job titles, which can be a big incentive for driven individuals. No matter how driven a person is, though, he or she will still want to be reassured that the company will be around a few years from now. Sloan suggests being open about your financial situation, discussing your business plan and demonstrating knowledge about your place in the industry. You don’t want your new hire to face any surprises during the first few weeks. In addition to promising purpose and more important roles, many start-ups have another secret weapon to help them secure top talent: a casual and fun working environment. If you’ve got one, don’t be afraid to show it off. Meebo puts all its new hires through a three-hour work simulation, in which new hires not only get to demonstrate their skills, but they get to see how the office operates day-to-day. “If we get them in the door, we have a fighting chance,” says Perrault. “When we do the debrief, every single person says, ‘It’s so easy to see the enthusiasm of your employees, and it’s infectious.’” Dig Deeper: 10 Employee Perks We Love How to Attract Talent to Your Start-up: Always Be on the Lookout Don’t lose recruiting momentum just because you’ve filled all current positions. “Even if you don’t have an opening right now, eventually you’ll have an opening, and you need to get people interested, so by the time you’re ready, they’ll want to join you,” Perrault explains. “If you’re not recruiting all the time, you’re not doing it right.” Sloan suggests keeping a running list of all the people you meet or hear of who impress you. He calls it a ” Superstar list .” “It’s good to always keep track of outstanding people,” he says, “because you never know how or where you can plug them in.” Even when you’re not actively recruiting, you can still engage talented people in non-traditional forums. Meebo posts JavaScript puzzles on its site, and every once in a while, when someone does particularly well, Perrault’s team may contact that person to discuss job opportunities at Meebo. “It’s so clear to everyone here that recruiting is not just an HR job. Everybody here understands recruiting is the lifeblood of our organization,” Perrault says, “and that makes for a richer and stronger recruiting process.” Dig Deeper: Never Read Another Resume Meebo – Instant messaging – Employment – VentureLoop – Facebook Continue reading

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ANZ offers $60,000 to give a small business a Flying Start

Start up businesses and those looking to expand can win a $60,000 prize pack to help them grow in the ANZ Flying Start Business Plan Competition. Continue reading

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Filipino Start-up Firm Bags Silicon Valley Award

A FILIPINO start-up company has bagged an award at a business pitch contest in Silicon Valley, according to the Department of Trade and Industry (DTI). Continue reading

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