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Hiring decision for business beginners

Decision with Precision can make or break your startup. However, no decision will lead you nowhere. When doing business be ready to fail. Decide to hire talent, true talent, not cheap. True talent is when a person think on own instead of waiting orders. Look for long term goals. See your first as life long business partner. Of course an employee is always free to walk out but employee retention is something that an entrepreneur must know. Invite enough number of applicants. Shortlist many at least 20% of those numbers. Talk to them. Find reasons why this person is willing to work. If I hire this fellow will he stay with company for long. Asking price? Do not look for very cheap resources. Instead hire the one who is asking more.  If you are in financial crunch instead offer some percentage in business or performance based remuneration together with salary. Or hire for less hours. Pay more for less hours is better than paying cheap.  Select few even if you need one. Invite for a paid de

Before you start Solopreneurship

 Solopreneurship is when you pay yourself. SOLO here I mean completely solo starting from dusting your office table to making schedule for next day. No human support. Starting a company is always a nice idea, failing is not bad but when to start. Often mentors say, start now. And we jump to conclusion too fast. But before you begin, buy that office chair, get a business email consider your resources. Plan your budget. This is not for people  who have backup support. But for those who have no support and for whom support comes for a price. Technology and Human Resources you always can get for a price. So you before you start consider these points. Resources I need to do this business? From where I can acquire best quality resources for my business? How much will be resource cost? How long I will take to build this business? What are my liabilities? What challenges I would face in building this business? When I will get my first customer? How I will scale up further? How much money I hav

Move out or move on,

 when no option is left? Students of Mathematics knows that every problem has a solution; and, even no solution is a solution. You do not need to be a Mathematician to accept this. The thoughts I am going to say here are outcome of a hard learning out of my personal life (details not needed) but this relates to business as well. Starting a business is first step but to take it to next level needs significant efforts. 3M = Money, Mind, Mass: you need to put in right proportion, at right time, at right places to keep it going. Often you succeed. However there is always a possibility of unknown. This unknown could be small, medium, big or giant to stop you. And unfortunately when everything is going fine and you are near to achieve your targets you meet this unknown, the giant: a situation when everything is going good but all of a sudden everything put on a halt with a massive jerk. You are in a situation where nothing in your hand, you think why this has happened to you, where you need