Starting a company is one of the hardest things you’ll ever do. However, it gets easier when you have a partner. Co-founders are essential in almost every startup; after all, nobody can be good at everything. However, finding the right partner can sometimes be challenging and tricky. This article will teach you how to choose the right co-founder of a company and avoid some common pitfalls when doing so. We all know that starting a business is risky and challenging; …
Category: Startups
You’ve probably heard it before: A mentor can be your best advisor, especially when you are first starting out. But why exactly is mentorship so important? When you’re launching a startup, the stakes are high and things can quickly spiral out of control. There will come a time when you begin to doubt yourself and wonder whether it’s all worth it. Having a mentor will help to ease some of these anxieties. They’ll bring fresh insight into your business development …
You may have the perfect business idea for start-up. You may have analyzed the market, read about competitors, and have developed a product that you know people will want to buy. But, launching your business is not as simple as all that — you need to choose the best idea for your startup. You should think about which ideas you can develop the fastest, with the least risk or with the smallest initial financial investment. These are all important factors …
Life can be good, but at the same time, it can be tough, challenging, and unpredictable. Regardless of life’s ups and downs, it is essential to always look at the brighter side of things, no matter how difficult it may be. Starting a business is a massive leap, and we know the risks and challenges involved. “How to Stay Motivated During Tough Times” is a question many entrepreneurs grapple with, but awareness doesn’t make it less manageable and, in no …
“Hiring people is an art, not a science. And resumes can’t tell you whether someone will fit into an organization culture.” – Howard Schultz. Identifying suitable candidates to fill a position is demanding, and processing these applicants after they undergo the standard hiring processes of interviews and assessments doesn’t get any easier. The person waiting on the interview pod might just be the one to break your current sales record or elevate your business to a whole new level. But …
This post is for young entrepreneurs worldwide so they can understand the real meaning of the role; this will change as your startup matures, and it will be very different in a corporation. Let’s go for the beginning. What’s a CEO? According to Wikipedia is: Chief Executive Officer (CEO) is the highest-ranking corporate officer (executive) or administrator in charge of the total management of an organization. An individual appointed CEO of a corporation, company, organization, or agency typically reports to …
Every startup is different and needs startup business ideas, but often the mistakes are similar; in my case, here are the biggest mistakes that we made that allowed us to be stronger. 1) Hire the wrong people: The heart of our company is its people; without our team, we are nothing. That is the number one reason that we started the development team in Peru. We got our first contract fast, and luckily it was for a Spanish company! Rushed …
Hiring is the most critical part of any team/organization/company’s business strategy. Without a great team, you have nothing. The title of the post is Hiring Rock Stars, and yes, that is what all startups want and what you should be looking for, but depending on the maturity of the startup and the stage it is in, it will definitely require a different focus in terms of the seniority and experience of the candidates you are going to be hiring. Startup …
I could probably write down 10,000 mistakes, but all of these would only work out if you have a growth mindset, especially in the context of early-stage startups. Remember that trying and failing is the only way to do something great. 1) Choosing the wrong co-founder: I made my fair share of mistakes with this topic in many of the companies that I started; in some, we were three founders; in other cases, we were only two people, and finally, …
In many cases, one of the founders usually became the CEO of the startup and scaled with it; that was not my case; there is no good or bad answer about this; it will depend on each entrepreneur. I always like to build startups/companies that do not rely on me, so from the beginning of Tekton, I was always looking for a new CEO. When we talk about a CEO meaning in business, it is the chief executive officer, the …
