Connect with us

More

Various Stages in the Growth of a Startup

Published

on

Various Stages in the Growth of a Startup

Have you ever wondered about how a startup grows? Or have you wondered about the phases in its lifecycle, and the investors that tend to come aboard for each phase?

If so, look no further!

The Law Offices of Ryan Reiffert has prepared this infographic which shows a very rough outline of the growth trajectory of a “typical” startup (although, maybe there is no such thing as “typical” in the land of startups!)

The place you will start is the Idea stage. At this stage (unsurprisingly) you have an idea for a product, service, business model, etc. that you hope will light the world on fire. After this, you may or may not enter the “cofounder” stage, where you have an early collaborator who helps you evolve your idea from its early stage. Then, the fundraising rounds begin. You may have any of the following funding rounds, potentially skipping steps or lingering at a step along the way – “friends and family” round(s), seed round(s), Angel round(s), VC round(s), and/or an IPO (initial public offering).

Various Stages in the Growth of a Startup
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More

Corporate Gift Ideas for Business Partners in 2021

Published

on

corporate gift ideas

Being a successful business person in this day and age is harder than it used to be just a few decades ago. Now, with so much competition out there, you need to be exquisite if you want your business to survive. Creating meaningful and lasting connections with your business partners is of the ways to stand out, so don’t be afraid to get them corporate presents from time to time and not just on Christmas. In case you’re looking for some special gifts at the moment as well, here are a few ideas that might work for you and your business partners.

Spirits

Whether you’ve developed a proper personal relationship with your business partners or still wish to keep everything professional, a bottle of an amazing drink is always a great gift. From vodka and wine to whiskey and tequila, everyone loves to taste something refreshing and refined, and that’s why this is a great idea that all your business partners are going to appreciate. However, you need to find out their taste first – if possible, of course! – especially if you don’t want to make the wrong choice.

The best thing about this idea is the fact that it’s an inspiring and motivating drink that can benefit your business relationship in lots of different ways. Drinking with your business partners is an amazing way to boost your relationship and learn more about each other, and those are just some of the positive sides of this process. If you know how to handle your drinks and how to act while drinking, you’ll easily become the most popular business person in your area, and everyone is going to want to become your business partner.

Kindle

If you’re dealing with business partners who love reading – or you’re in the publishing industry where everyone loves reading, whether they enjoy it or not – buying someone a Kindle is the easiest yet most effective thing to do in these situations. These things have been popular for years and years now, and the reason for that is their practicality, easy usage, and versatility, and those are the reasons why you might consider giving your business a Kindle as well.

This is even more true if you opt for a personalized Kindle – from its visual appeal to its design, making sure the Kindle you’re using as a corporate present is unique might not be as hard as it sounds. So, you just need to find a model you’re happy with, pick the customization that looks amazing and surprise your business partner with a gift that’s going to boost their creativity and take their reading experience to a whole new level.

Outdoor equipment

In case you’re doing business with people who are outdoorsy and love spending their free time in the open, buying them a bottle of wine or a brand new Kindle might not do the trick. However, if you go for some outdoor equipment they might use every single day – you’re going to come off as a thoughtful and practical person, and that’s the best way to make an impression on your partners and investors.

Some of the things these people will appreciate include new tents, sleeping mats, camping chairs, power units, as well as knives that will keep them safe and help them make their campsite more comfortable than ever. These knives need to be created by experienced professionals, such as the people behind the versatile Tekto Gear whose offer of automatic, folding, and fixed knives will make anyone’s camping experience more enjoyable than ever.

Beauty products

This is another old but practical idea that can be used in numerous different situations, no matter how close you are to your business partners. Whether you opt for soaps, lotions, creams, or something else, you’ll show everyone around you what a caring and loving person you are and how much you care for their health and looks. This will make you very popular with these people, and that sort of reaction will reflect on their professional opinion towards you and your company.

Another thing you’ll do if you give your business partners some beauty products is showing them how eco-friendly and conscious you are. Finding sustainable beauty products is now easier than ever, and it doesn’t matter what you opt for – you’ll surely be able to find an eco-friendly variation as well. This is an amazing way to show your partners that you’re environmentally aware and conscious, so start looking for sustainable products right now!

Of course, there are tons of other corporate gifts you can go for – from wine holders and power banks to notebooks and headphones, and everything in between – so don’t be afraid to invest some time, energy, and patience into finding the right gift for your favorite investors, clients, and all other sorts of business partners! 

Continue Reading

More

Different security seals and why businesses should use them

Published

on

business security seals

Security is very important nowadays, especially when considering terrorist activities, cargo theft, tampering, etc. Security seals tend to be effective tools that are used to deter and also detect unauthorized access, tampering, theft. When it comes to these there are different types available. You will not be able to find a single size that fits everything. The different types of seals have their advantages and can work well under certain circumstances as well as for various tasks.

The following are some types of available security seals:

Cable seals

These seals are durable. They are employed to seal valves, locked doors, along with other items which possess a small opening. It is through this that a cable wire may be inserted.

Certain cable seals meet ISO 17712 ratings that are present for high security. These can be utilized for high-security scenarios such as international cargo shipping.

It is important to know that different size jobs need different cable lengths. However, the excess cable length can be easily trimmed. You can get them in different cable diameters, often ranging from 1.5mm going to 5mm.

Bolt seals

When it comes to bolt seals, these are also high-security seals that are designing having a complex locking mechanism. They are self-locking and do not need tools. It is simple to put them in place as well.

These possess a steel bolt along with a tamper-evident body part which gets manually attached to develop a seal. The seals are customizable when it comes to their color, print, as well as barcoding for extra security layers. The seals are good for containers, trailer door latches, plus cross-border shipments. The heavy-duty seals need a bolt cutter to be removed.

Plastic seals

You can get fixed-length plastic seals. These are the strongest type available in the plastic seal range. They have breaking strengths which range from 80-135lbs. The seals work wonderfully when wanting to secure cargo, particularly for truck shipments. The seals are inexpensive and therefore should be considered by those who are on a budget.

Plastic pull-tight seals tend to be similar to the fixed-length ones, but these are available in a wider variety when it comes to breaking strengths. They are also adjustable to match certain requirements.

Pull-tight seals can be used when wanting to seal hazardous waste, cash bags, vehicle doors, etc. Adjustable plastic seals should be chosen when one has various requirements because these are versatile.

Metal strap seals

These seals are like fixed-length plastic ones, except for the material. The material allows these to be more durable in comparison to the plastic strap seals.

It is possible to enhance the security levels of the metal strap seals. This can be done with custom numbering, printing, along with barcoding. The metal strap seals tend to be a good option for trucking cargo.

This guide has been prepared by our friends at Hoefon Security. You can have a look at the different security seals available at Hoefon Security Seals .

Continue Reading

More

Importance of the role of HRs in the success of Startups

Published

on

By

Importance of the role of HRs in the success of Startups

We’re living in an unprecedented age of startups. 

With globalization, Startups have managed to taste success like never before. This has encouraged young talents to take a jump in the Startup pool.

However, 90% of startups fail within the first year. The ones that succeed have several things going in their favor and having a functional HR department is on the top things in that list. 

Why is HR so important?

There’s one big reason: Startups require energetic employees that can get results and solve challenges. Whether it’s finding these people or building a culture so they feel motivated to stay, HR plays the most important role in making it happen. 

Without HR you won’t have the right people. And without that, you won’t have your startup. 

The role of Human Resource in startups 

It’s about maximizing the potential of every employee. Below are some of the important roles of HR that keep your startup running smoothly and efficiently. 

Allows a startup to hire the best talent     

Everyone wants problem-solving folks on their team. When hiring, a startup not only has to compete with other startups but also cash-rich MNCs. HR can correctly analyze the hiring needs and create a brand image that will attract the right talent. It is a critical element, especially for startups looking to hire a diverse workforce.  

Helps in maintaining and retaining the talent   

The startup world is fragile. Most employees are looking for a stable opportunity and it is the reason a lot of them leave once they find that somewhere else. It’s easier to emotionally connect employees with the company values with a structured HR department and top management, which motivates them to stay longer. 

Helps in maintaining the CULTURE 

People love startup culture as it provides a lot of freedom and a platform for people to create their own set of processes. Progressive startups focus on the results rather than what the employees are wearing, where they are working from, and what’s their schedule. Offering people ownership and responsibility yields better results in the longer term. This culture of driving new initiatives and setting CORE values is built by the HR team. 

Helps in building the structure and improving the policies 

During the initial phase, most startups follow a flat structure without any hierarchies. As a startup starts growing, things scale up quickly. Especially if the number of employees starts growing over 50, then it’s better to build different structural hierarchies for different teams.   

For example, the Marketing team initially had 2 employees and they reported to the CEO. Now, 3 new people have joined and it’s not possible for the CEO to check-in on all of them. So, the 3 new-joiners can report to the initial 2 employees who then report to the CEO on behalf of the team.   

Any startup will fall apart if they don’t build a support system. Both management and HR are responsible for passively instilling this set of policies and hierarchies in the entire organization. 

Helps in learning and development of employees 

The culture at startups is such that employees are full of energy and enthusiasm. But this spark in employees will die if there is no continuous learning available for them. 

During a transition from START-up to SCALE-up, the employees must bring their A-game to work. That’s possible with effective employee engagement and the development of the workforce.  

HRs, with the heap of learning and development initiatives, will help you do exactly that. 
 

This is how you develop a structured HR department 

  1. Hire better: If you don’t hire the right HR people, don’t expect them to hire the best talent for your startup. 
  2. Encourage accountability: When you give HRs the control, they’ll feel responsible and inspired to check-in on everyone.  
  3. Offer trust: Don’t make HRs go round-round for permission on the small issues. Offer them trust and let them handle things.  
  4. Invest in technology: A modern HRMS helps HRs streamline functions and provide a uniform experience to every single person at the company. 

Finally… 

As startups evolve and continue to grow rapidly, a lot of elements will play a significant role in their journey towards success. HR as a function is one of the key elements that’ll help organizations create a culture of empathy and give them an edge over others. 

Now that you’re aware of the importance of HR in startups, set a plan for your HR department and grow like never before. 

About the Author:

Dheeraj Kumar Pandey
Dheeraj is an HR Advisor and stands at the forefront when it comes to helping Business Owners and HR Heads to overcome Tech challenges in People process. He has spent his last 10 years playing a vital role in assisting Startups, SMEs and Enterprise organizations to harness HR technology for maximizing people’s potential, performance to drive business outcomes. Dheeraj has used Keka as the platform of choice in helping 5300+ HR professionals at over 3000 organisations.

Continue Reading

Trending

Subscribe to our Free Newsletter

Get Business and Marketing Insights from Experts, only onTimes of Startups!

Your Information will never be shared with any third party