Retaining And Nurturing Talent In A Startup

Retaining talent is amongst the key concerns for most businesses. It becomes even more critical in case of a startup since there are anyway limited team members owing to scare resources.

In such a scenario, losing even a single person can disrupt the work and become a big hindrance in the smooth functioning of the startup.

One of the major reasons for attrition is that employee’s feel that their contributions are not valued and their roles not challenging enough. Rewarding them and recognizing their efforts from time to time and developing them to take on larger roles can help change this mindset.

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Indian Startups, It’s Time to Play the Game of Chess Instead of Snake & Ladders!
Indian Startups, It’s Time to Play the Game of Chess Instead of Snake & Ladders!

Nobody said running a startup was easy. A startup’s life is marked by the thrill of the heady highs and rough lows. Of late, the Indian startup industry hit a bottleneck, with funds drying up, as investors have become more cautious about where to park their funds.

It has been a roller coaster ride like the game of snakes and ladders, with the thrill of the climb in the past of couple of years and the sudden rude slide down since the last few months. The dice is clearly not rolling in the favour of startups, with investor interest and valuations reflecting a clear lack of confidence in their capabilities. More than one startup is feeling the bite of competitors at their heels gobbling them up by way of mergers and acquisitions. They have been dumped in the troughs of low valuations and need a lot of luck to roll the dice in their favour and get back on track.

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Do Startups Need to Worry About Succession Planning?

Why is it that we don’t see too many businesses talk of or focus on succession planning in spite of the fact that finding the right successor can be an arduous and time consuming process and has a direct impact on the longevity of the business? There is no dearth of examples of succession planning gone wrong even at renowned corporate across the globe. Though the ‘biggies’ are more or less able to withstand the brunt in such cases, for startups, a wrong decision on this front, could even prove fatal.

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Should you let people’s past experience come in the way of hiring the best fit for your startup?
Should you let people’s past experience come in the way of hiring the best fit for your startup? (IamWire)

It is very tempting for the founder of a company to try to tackle as much as they can in the mistaken notion that they can control the outcomes. However unpleasant the truth maybe, remember, you alone do not possess all the skill sets necessary to grow the startup. Therefore, hiring the right people becomes very important.

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internal policies
The importance of internal policies and processes from day zero (e27.co)

Whether you are a solo entrepreneur or a team of two or four people, carrying around all the visions, projects and processes in one’s head, subject to human limitations of memory and undependable communication, is risky.

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Why Vision, Mission, And Values Matter In A Startup

Amongst the few things in common between successful business leaders across the globe is the fact that they have a very clearly defined vision and mission for the company and also clearly articulate and demonstrate the values that form a part of the company’s DNA.

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FitMeIn fits in undisclosed pre-Series A from Japanese healthtech firm FiNC

Delhi-based fitness startup FitMeIn today announced that it has raised an undisclosed pre-Series A round from Japanese healthtech firm FiNC and current investor GHV.

Based in Tokyo, FiNC is a mobile tech company that provides personalised nutrition, fitness and healthcare advice to users by leveraging scientific research, medical test results and artificial intelligence. Its team consists of medical doctors, pharmacists, registered dietitians, athletic trainers, preventive health professionals, data scientists, computer science engineers and researchers in genetics & life sciences.

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What Angel Investors Bring to the Table for Startups? (IamWire)

A lot of brilliant ideas from aspiring entrepreneurs never see the light of the day in India due to capital crunch. Between the development of the rudiments of a product and the creation of a company, entrepreneurs need outside help to bridge the gap. This is where angel investors step in. They are usually wealthy, well connected industry leaders or established entrepreneurs themselves who use their own money to support disruptive ideas.

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How the Mental & Physical Fitness of a Founder Can Impact a Startup (Bizztor)

They say, “Health is wealth”, and rightly so… No big structure can be built without a strong foundation and a founder serves as that foundation for a startup.

Starting a new business is a lot of hard work, a highly demanding job. The pressures of being an entrepreneur can take a toll on the individual over a period of time. So, unless one is mentally and physically geared to withstand the pressure, it is not just the he or she who’ll bear the brunt, the startup will suffer too.

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What is Larger – The Startup or The Founder? (Trak.in)

Entrepreneurs are very passionate about their startups and often live and breathe them every moment by micromanaging everything. While that is a key ingredient to drive success, it can also prove to be a deterrent, if the founder begins to treat the two entities, i.e., himself and the startup as one.

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