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Aubrey Blanche, Atlassian’s Global Head of Diversity Inclusion, has overseen an impressive 80% jump in women joining the technical team. In a field that’s all about uncertainty and running experiments, Blanche’s have clearly worked. One of her most successful initiatives has been standardizing the way current and prospective staff members are evaluated. One of the major ways people move up in organizations is by gaining visibility while working on large projects. To make sure everyone has this opportunity, you should standardize the way people are selected for high-profile projects — something that is often very subjective or ad hoc. “Write down the qualities that you want the ideal person to embody,” says Blanche. “Rather than going with the people who jump to mind first, pick based solely on how well someone matches up to those desired qualities.” The same mindset should be applied to job candidates. Focus on skills rather than specific experience. Why say “B.S. in computer science” when you really mean “experience building high-quality software”? Or instead of “startup experience preferred,” perhaps you really mean “ability to work in close collaboration with a team in an ambiguous and fast-paced environment”? Blanche recommends standardizing all interviews around a specific set of questions that indicate behaviors that are successful at your company, and then generating a list of appropriate answers.
Mostly the budding entrepreneurs do two mistakes at the start: Most budding entrepreneurs do not have a funded business and also haven’t raised a venture capital. In terms of the money they have only six months and between that, they have to achieve their goal. While they are dreaming of every possible aspect which can assist them in order to attain the goal. Soon the realization hits them and they run out of cash. Secondly, there are a few who are well funded and they don’t make the necessary efforts to generate the revenue. They are so used to the ideas that losing a huge amount in burn rate is completely fine because they have a funded company. Such people focus more on raising their next round instead of actually making the profitable business. Extra information can be read on Entrepreneur tips.
Build a good team. Yes, you must be the brain of all activities and decisions, but your team matters too. Without it, the work cannot be completed, and the desired success will be delayed. So make sure you have professional people around you who are doing well in their field and who can help give your company added value. Once you have the team, start with the beginning! Focus on the image. What you do, your actions matter most. Thus, you take care of the image that you post, because in the end you represent your company and you are solely responsible for it. But do not try to look like someone who you are not, because you will seem fake and you will not inspire confidence. On the contrary, choose to be yourself, honest and open and people will appreciate this. Perhaps the least interesting activity of an entrepreneur is the one regarding the legal and tax aspects, but these are essential both for the success of the business and for the peace of the entrepreneur. In addition, it is much more difficult and costly to try to repair such mistakes later, so together with your consultant or your accountant and notices are needed, which is the tax regime, etc.
It’s easy to get caught up in the day-to-day challenges of running a business, but you MUST carve out time at least once a week to take stock of what you’re doing for the long-term health of your business. That includes marketing, training, employee development, community engagement and capital development. Sound investments today will pay dividends in the future. – Jim Judy, Try Franchising Source: https://theentrepreneurresearch.com/.
