We didn’t write this post to convince you it’s impossible to make the first hires that will grow your startup to legendary status. But we did write it to give you a foundation in who to hire and hiring best practices. We also hope to inspire the confidence to take your time making hires, even when they’re needed yesterday. Here’s everything you need to know about making the first hires for your startup.
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There is no one answer to the question “When should I start hiring employees” that works for all startups. The first hire for startups should be when you know exactly what they’ll do all day, and you can’t continue to be successful without it. As you begin working through the steps to take your startup from dream to reality, you will need to think about your startup hiring plan. Although there is no one answer for every startup, we can break it down by looking at what positions are likely to trigger that first hire
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Hiring as a startup is not the same as hiring for an existing company. You will have a unique set of needs and circumstances that dictate who and how you hire. For example, you might be constrained by time or resources, or maybe you need employees with certain characteristics and skills. In the following blog, we are going to look at the ins and outs of how startups hire their first employees.
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There’s a statistic going around that 90% of startups fail. Why is that? Well, the reasons behind these failures vary from an under-developed entrepreneurial skill set, to a lack of business acumen, to flawed execution. The number one reason startups fail is market timing—this accounts for 42% of what separates […]
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The American Dream is alive and well—and the future’s especially bright for aspiring entrepreneurs. Even among high school students, there has been a surge of interest in learning the foundational skills needed for a potential entrepreneurial future. One catalyst for this increased interest among students is inevitably the COVID-19 pandemic, […]
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Do you want to own your business someday? Do you have a brilliant idea for a product or service but aren’t sure how to turn that into a feasible company? Many people have a goal of becoming an entrepreneur but lack the knowledge and skills to get there. In fact, […]
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At NextStudios, we’re inspired by EdChoice’s school choice initiative. As a venture studio designed and operated by entrepreneurs, for entrepreneurs, and with entrepreneurs, we’re looking forward to working with the next wave of learners-turned-leaders. In this blog, we’re taking a look at EdChoice and how it’s impacting education and entrepreneurship. […]
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Taking the leap of faith with your own ideas to create a successful business is not an easy task for anyone. This makes success in the first few steps that much more important. At NEXT Studios we have adopted the LEAN Canvas as the straightforward and consistent way to enable […]
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The venture studio model has emerged as a valuable resource for startup founders in recent years. 84% of startups accelerated through a venture studio go on to raise a seed round, and 72% of those will also raise a Series A round. Compare this to the 42% of traditionally-founded startups […]
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Being your own boss, calling all the shots, and hustling to hit your goals is the ultimate career goal for many people. But as awesome as being an entrepreneur sounds, it’s also incredibly difficult. How difficult?
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