Posts Tagged ‘work

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Boost your management skills by getting back to the basics — here are some common sense tips for leading an effective team.

Management is all about connecting with the people on your team. So how do you effectively manage a team? With common knowledge, of course. These are a few back-to-basics rules that will help you develop management skills that really matter.

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This Saturday (May 1st) I’ll fly out to Vancouver (also known as Vansterdam due to the similar drug culture, damn hippies). The purpose of a 3 month visit is all about doing business abroad (and starting/finalizing my thesis regarding the Canadian Online Banking industry in comparison to Europe and America with a smile towards the financial crisis). Let’s see whether I can start the ChrisBank before I graduate. Several interesting websites: viewsVancouver.


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Launching a business in only three weeks may seem a little crazy. If that’s the case, Tim Berry is very, very crazy. At today’s Growth 2.0 Conference in Miami Beach, Berry presented his case that budding entrepreneurs don’t need years to start a business.

He carefully outlined each task that must be accomplished during the vital three-week period.

Week One:

  • Create your main idea and define success.
  • Talk to co-founders.
  • Get it in writing.
  • Name your business.
  • Create an initial sales forecast.
  • Create an initial expense budget.
  • Estimate starting costs.
  • Make the first sale.

Week Two:

  • Define your marketing strategy.
  • Create your look and feel.
  • Get a presence on the web.
  • Create a merchant account.
  • Set up insurance.
  • Create an initial expense budget.
  • Recruit potential employees.

Week Three:

  • Find a location.
  • Set up bookkeeping.
  • Make it legal.
  • Initial hiring.
  • Settle the financing.
  • Make the sale.

Beyond Three Weeks:

  • Make the sale.
  • Pay your taxes.
  • Focus on customer service.
  • Marketing.
  • Create employer policies, systems.

Berry also presented his own list of the Top 10 Startup Mistakes:

  1. Unrealistic Forecasts
  2. Incomplete Teams
  3. Misunderstanding Equity
  4. Investment or Bust
  5. Ideas Do Not Equal Opportunities
  6. Trying to do Everything
  7. Pricing too Low
  8. Failing to Plan
  9. Not Enough Cash
  10. No Real Need in the Marketplace

SOURCE



Where's Yorick? Here:

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