Remove 10-mistakes
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10 Key Outsourcing Mistakes Made By Entrepreneurs

Startup Professionals Musings

We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants. These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure. Let’s cut costs by outsourcing all from this point forward.” Be flexible.

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10 Cashflow Mistakes to Avoid

Tech Zulu Event

Work closely with a trusted financial partner and dig deep into your books to avoid these cashflow mistakes: Not using a GAAP accounting system. Before going through the expensive process of sourcing, recruiting, and hiring an employee, look into outsourcing, especially for non-core functions such as HR, accounting, and legal.

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Ten Rookie Startup Mistakes You Won’t Make

InfoChachkie

“Learn from the mistakes of others. During those same 25-years, I also made innumerable mistakes. I am differentiating here between outsourced services that execute rote, routine tasks and consultants hired to performed ad hoc, mission critical engagements. 10) Grant An Investor Anti-dilution Protection.

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Startup 360-Performance Review Result – Improved Time Management - Finding Founder Time

InfoChachkie

Below are a few mistakes I will not replicate when I conduct this process for a future portfolio company. J = External Technical Company Voice. H = Technology Partners Integration. E = User Interface/User Experience. B = New Technology Evaluation. K = Time to Innovate/Incubate New Ideas. G = Oversee Client Services.

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What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

A great recent example of this was a successful group of entrepreneurs who had created a company that will do $10-12 million in revenue at their system integration business (read: services business) in 2011 after having done $5 million or so in 2010 and $2-3 million in 2009. This is a huge mistake. A few problems arise.

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Lessons Big Companies Should Learn from Entrepreneurs

Jason Nazar

Agencies are Used as a Perpetual Crutch – Large companies spend an ungodly amount of money outsourcing everything. However, this is a huge mistake when overpriced and underperforming 3rd party agencies supplant core competencies and skills that need to be developed internally. Many times this is a great use of capital resources.

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Management Philosophy: Owners vs CEOs

Jason Nazar

In 2007 when we were about to launch Docstoc I attempted to outsource our PR and social marketing to no avail. If you hire folks whom you believe you can do a significantly better job than, you’re making a huge mistake. But instead of punishing inevitable mistakes, turn them into lessons. Start with the end in mind.

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