Drawing on a decade of experience of hiring remote employees, the author shares the process she and her team have refined to hire “best of the best”. She breaks down the process she uses into four strategies, discussing each in detail: post on job boards that attract remote job-seekers; set up prescreening questions that specifically assess the candidate’s ability to work remotely; interview candidates with a video meeting tool multiple times to really get to know them; and finally, if needed, take additional steps to ensure you truly get to know the candidate before offering them a full-time role.
In this article, the author begins with defining what bank vs. business credit is, how they’re intertwined, and how bank credit works. She then discusses five common mistakes business owners make that damage their company’s bank credit score and hurt their chances for funding: you aren’t reaching a minimum balance or keeping it long enough; your business isn’t consistent in its accounts, address, or phone number; your business isn’t demonstrating responsible account management; your business isn’t maintaining a positive cash flow; and finally, your business isn’t making regular, consistent deposits.
In this slideshow/article, eight entrepreneurs reflect on the pivotal decisions they made – some at the right time, and many at the wrong time. So if like most entrepreneurs, you are asking yourself when is the right time to launch or grow your business, make your first big hire, consider raising capital or to bootstrap, you will appreciate what your these entrepreneurs have to share.
“Rather than waiting to stumble into legal problems that could prove disastrous to your business, you need to take some extensive steps early on to guarantee that your company doesn’t go under the minute it has to endure some legal heat,” says the author. He then discusses five common legal problems that a business owner may face and how to minimize the possibility of getting sued, from not paying attention to international regulations to forging contracts that lack transparency.
The founder of Craigslist shares how he wasn’t so well liked by some of his IBM colleagues (well before 1995, when he started the website) because he came across as a “know-it-all” due to his being a “nerd” and “seriously hard-core”. His manager told him that his saving grace was his sense of humor. But “the crown jewel of the advice” his manager gave Newmark was “don’t correct people when it matters little.” The author concludes: “The truth is, people don’t like to be told what they’re doing wrong, especially if it doesn’t actually impact a project, an email, or the flow of a meeting. Professionally speaking, knowing when to hold your tongue is just as important as knowing when to speak up.”
The Toronto-based Brookfield Institute for Innovation and Entrepreneurship has identified 31 trends that will affect the future of work. While automation and tech advances are expected to eliminate some jobs and create others, the Institute’s new report, “Turn and Face the Strange: Changes Impacting the Future of Employment in Canada”, indicates there’s a far wider range of trends that may influence the types of skills that are likely to be in demand (or not) in the future. In this article, CBC News highlights seven of these trends, from mandatory creativity to lifelong learning.
Business research – data and consumer-based research — is necessary for owners to understand their target market, make strategic product choices, and identify gaps in their industry. In this detailed guide, the author describes five basic types of business research models, breaking each down into one of the four main research methodologies: quantitative, descriptive, correlational, and experimental.
In an effort to determine what makes remote teams successful, Google’s “People Innovation Lab” studied more than 5,000 employees over the past two years. According to the author, one promising finding is that it found “no difference in the effectiveness, performance ratings, or promotions for individuals and teams whose work requires collaboration with colleagues around the world” compared to in-house employees. While this is great news for business owners seeking to lower their costs with remote workers, there are still challenges.
Based on their findings, Google recommends three things to overcome those challenges: get to know your people, set clear boundaries, and forge connections. He concludes “the most efficient way to get a job done is not always the best way to get it done – and this applies even more so in the virtual workplace.”