Human capital is one of the most important things one needs to launch and grow new ventures. This section contains stories on recruiting and managing top talent.
- Author:
Verne C. Harnish and Michael A. Mahoney
Summary:
When bringing new employees on board during startup, there are a number of considerations in establishing financial incentives such as options. FeedBurner founder Dick Costolo elaborates on the issue and provides advice.
- Author:
Verne C. Harnish and Michael A. Mahoney
Summary:
This article asserts that companies, especially employee-owned firms, should move toward giving employees more autonomy -- and fuel more responsibility -- in how they do their jobs.
- Author:
Verne C. Harnish and Michael A. Mahoney
Summary:
In today's extremely tight labor market, small-company employers must approach hiring just as they approach selling. To lure able and enthusiastic candidates, the author writes, a CEO should consider such steps as contacting reluctant candidates personally, offering equity compensation to augment salaries, and sending welcoming gifts like fruit baskets. Of particular note is a discussion of factors the author says "count" in the sales-whoops!-the hiring process.
- Author:
Verne C. Harnish and Michael A. Mahoney
Summary:
If you think hiring is tough in today's tight labor market, you should figure that retaining people is even tougher. To keep employees, small-company owners must provide more than just competitive compensation packages, the author writes. What really makes the difference is a CEO's ability to communicate an organizational vision and to recognize the people who translate that vision into revenue and profit.
- Author:
Verne C. Harnish and Michael A. Mahoney
Summary:
A husband-and-wife team who founded an Internet telecommunications company began to tackle one of the toughest challenges facing them: They looked to find a CEO, a replacement for themselves as heads of the business.
- Author:
Verne C. Harnish and Michael A. Mahoney
Summary:
With board directors focusing more time on financial compliance, this author asserts life sciences and technology companies often neglect management of their technology-based product development. Entrepreneurs should establish scientific advisory boards to provide them with expert technology oversight and also to provide their formal boards with objective overviews of company technology.
- Author:
Verne C. Harnish and Michael A. Mahoney
Summary:
Entrepreneurs struggle with how much to pay themselves and the need to use financial resources to ignite growth versus reaping cash rewards for their own labors. Once outside equity investors are involved, the struggle and decision passes to board members. This founding entrepreneur, minority shareholder in his own company, shares what has worked for his company.
- Author:
Verne C. Harnish and Michael A. Mahoney
Summary:
It can be challenging to transition from a small organization that relied extensively on one or two people to that of a functional, professional management team. Knowing what you need in management team members begins with knowing the skills, knowledge, and expertise you bring to your business.
Summary:
This basic guide to finding new employees lists several helpful ways to be successful and includes a bonus of links to at least ten other resources on hiring.
Summary:
This veteran entrepreneur, who currently works as COO at a fast-growing company, relays his experiences hiring the key people for his teams. To recruit top talent, he recommends several key hiring tactics, including establishing a hiring forecasting plan and exercising patience and caution during the hiring process.