Berkonomics

DECEMBER 11, 2014

There are many types of metrics, some very easy to manage. Those include funding, people, training and facilities. But failure to find and use them regularly is a failure at the top. Third: support. Fourth: reward.

Organization 220

Organization Metrics Training Course 220

Berkonomics

AUGUST 1, 2019

Well, if you have a plan but do not share it with your direct reports, then they are acting without motivation toward mutual goals, without metrics to measure their progress toward the goals, and without the leadership that makes great winners. He compares these metrics to past seasons, to competitors, to his own lifetime bests.

Coach 120

Coach Metrics Training Course 120

Startup Professionals Musings

JUNE 23, 2021

For example, I commonly see metrics to keep track of revenue per employee, overtime, and absenteeism, but I don’t often see measures of overall customer satisfaction with individual employees. Provide training, tools, and required decision authority. Incentives should be a combination of metrics and recognition to highlight results.

Customer 147

Customer Custom Technical Review Metrics 147

Both Sides of the Table

DECEMBER 11, 2022

There was no money train. And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. It was 1991. There were startups and a software industry but barely. We still loved every moment.

Venture Capital 466

Venture Capital Startup Marketing Pricing 466

Both Sides of the Table

SEPTEMBER 27, 2010

I used an analogy I heard from Michael Dougherty (founder of Jelli) recounting what First Round Capital told him, “sometimes you’re on the local train and sometimes you’re on the express train. The express train might get you there faster but there are no options to get off along the way.

Venture Capital 308

Venture Capital Training Startup Entrepreneur 308

Startup Professionals Musings

FEBRUARY 6, 2021

In both cases, it’s easy for them to become frustrated and give up, since most have never been trained in change management, and don’t even know what questions to ask. Define hard (data) and soft (anecdotal) metrics on the change, as well as on the quality of your leadership. Make sure they match before you commit.

Startup 155

Startup Resource Metrics Technical Review 155

Startup Professionals Musings

MARCH 18, 2020

These must be countered by a focus on changes and training that benefit your people, as well as your business. Set up training courses that highlight agility, and adopt agile working practices.

Metrics 122

Metrics Training Satisfaction IBM 122

Startup Professionals Musings

JANUARY 8, 2021

Train them fully, give them authority, make them accountable, and tie their pay to customer satisfaction. It must be understandable, written down, and verifiable, with regular measurements and metrics to make it real, benchmarked against the competition. Train and coach continuously. Know your customers intimately.

Startup 154

Startup Training Customer Custom 154

Startup Professionals Musings

NOVEMBER 10, 2021

He closed stores for a day to update employee racial-bias training. Make sure that metrics and goals are set up front, and not modified as the project progresses. Delegating control means having the right information, the right tools, and the right training to make the right decisions. Provide assessments based wholly on facts.

Startup 132

Startup Training Metrics Examples 132

Berkonomics

JUNE 24, 2021

There are many types of metrics, some very easy to manage. Those include funding, people, training, and facilities. But failure to find and use them regularly is a failure at the top. Third: support. Fourth: reward.

Organization 156

Organization Coach Metrics Training 156

Startup Professionals Musings

DECEMBER 13, 2019

Some chaos is normal in every new business, but many wait far too long before they install metrics based on “best practices,” and fail to attack obvious bottlenecks with a vengeance. People with the wrong tools or no training. It’s no secret that some people are more productive than others, due to skills, training, or commitment.

Outsource Development 122

Outsource Development Outsource Metrics Technical Review 122

Startup Professionals Musings

JULY 25, 2020

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Training and coaching. Once a new product is launched, a key metric is the ratio of new product sales to overall sales. Innovation is not a random walk into the unknown.

Coach 144

Coach Metrics Social Network Competition 144

Startup Professionals Musings

JULY 4, 2021

Productive processes start with a plan, and end with metrics that measure value delivered. Entrepreneurs have to embrace creativity and change, yet move quickly with trained teams who can deliver repeatable processes. Business processes can be your biggest time saver, or your biggest waste. Focus on activities rather than results.

Startup 161

Startup Resource Training Entrepreneur 161

Startup Professionals Musings

APRIL 21, 2023

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Training and coaching. Once a new product is launched, a key metric is the ratio of new product sales to overall sales. Innovation is not a random walk into the unknown.

Coach 137

Coach Metrics Competition Ideas 137

TechEmpower

OCTOBER 9, 2023

Moreover, LLMs come equipped with an extensive knowledge base derived from the vast amounts of data they've been trained on. Given their training on diverse datasets, LLMs excel in parsing and understanding unstructured data, providing contextually relevant results. Strive for a balanced outcome.

Generative AI 346

Generative AI Artificial Inteligence Tool Knowledge Base 346

Startup Professionals Musings

MARCH 4, 2022

That means making sure you are utilizing coaching and mentoring, as well as training to keep up with changes in technology and the marketplace. Adopt some key metrics to measure your change agility. Make sure you are fostering people development to their full potential, for them and for your business.

Competition 148

Competition Metrics Demand Customer 148

Startup Professionals Musings

DECEMBER 12, 2022

That means making sure the right people are hired, trained, and in the right place at the right time. Implement metrics and set objectives for every organization. Growing the company means growing people through mentoring and training. True entrepreneurs love the tactical and problem solving challenges.

Startup 137

Startup Training Entrepreneur Organization 137

Startup Professionals Musings

FEBRUARY 28, 2020

In business vernacular, targets are usually called metrics. A good metric has to be easily measurable, and directly correlated to results, rather than hours worked. For example, for a sales person, this metric number would likely measure new revenue or new customers. Evaluate where technology and training can help.

Metrics 124

Metrics Entrepreneur Satisfaction Study 124

Berkonomics

JULY 15, 2021

But most important of all, I warn them that they must be ready and able to let go, to delegate clearly, and to establish metrics for measuring the performance of the newly hired manager – but not to interfere with that person’s day to day management unless absolutely necessary. Then it happens.

Entrepreneur 156

Entrepreneur Coach Metrics Startup 156

Startup Professionals Musings

OCTOBER 25, 2014

In both cases, it’s easy for them to become frustrated and give up, since most have never been trained in change management, and don’t even know what questions to ask. Define hard (data) and soft (anecdotal) metrics on the change, as well as on the quality of your leadership. Make sure they match before you commit.

Startup 108

Startup Resource Metrics Technical Review 108

Startup Professionals Musings

OCTOBER 3, 2016

The challenge is to recognize the people with the right traits to get results, and to train yourself to work on the right things. Sets goals and milestones, with metrics to track progress. They define metrics for each goal, and diligently track themselves against these metrics.

Entrepreneur 106

Entrepreneur Satisfaction Metrics Ideas 106

Startup Professionals Musings

JANUARY 22, 2021

Decide early where and when money will come from, set some milestones and metrics, and work to a plan, or be caught short. Don’t assume that only customer-facing employees need to understand sales, and that these people can be hired and trained at the last minute. Word of mouth is not adequate for marketing and sales.

Sales 165

Sales Customer Custom Social Media 165

Startup Professionals Musings

JULY 31, 2021

It’s easy for an entrepreneur or an employee to convince themselves that they would have been successful if they had more time, received more funding, or had the proper training to do the job. Usually the real culprit is procrastination, lack of focus, or low productivity and lack of metrics. Wait and hope for a miracle.

Startup 164

Startup Class Entrepreneur Coach 164

Startup Professionals Musings

MAY 30, 2022

These only come with the proper training, investment in tools, and focus on customer relationships. Managing business growth is more than metrics. You can hire the best salespeople, have great products and define good metrics, but without decisive and innovative managers, the sales organization will not reach its full potential.

Sales 147

Sales Metrics Guide Startup 147

Startup Professionals Musings

MARCH 15, 2020

That means making sure the right people are hired, trained, and in the right place at the right time. Implement metrics and set objectives for every organization. Growing the company means growing people through mentoring and training. True entrepreneurs love the tactical and problem solving challenges.

Startup 125

Startup Training Entrepreneur Organization 125

Startup Professionals Musings

JULY 15, 2020

Implement the key business metrices you will live by. Identify the three most important metrics your business must hit every week to achieve growth goals. Increase you focus on coaching, training, and mentoring. These are the timeless principles that must guide all hiring, marketing, and execution decisions.

Metrics 140

Metrics Entrepreneur Coach Satisfaction 140

Startup Professionals Musings

SEPTEMBER 21, 2020

In all cases, don’t skip the basic training. Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow. You know the basic ingredients, and you can visualize the results you want. validate your business model) Continuous improvement.

Startup 156

Startup Coach Metrics Marketing 156

Startup Professionals Musings

JUNE 7, 2020

Show that you have a process to hire, fire, and train others as required. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team. Formalize the use of tools and information technology. Marketing, sales, support, and service operations.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Startup Professionals Musings

APRIL 20, 2013

In both cases, it’s easy for them to become frustrated and give up, since most have never been trained in change management, and don’t even know what questions to ask. Define hard (data) and soft (anecdotal) metrics on the change, as well as on the quality of your leadership. Make sure they match before you commit.

Startup 101

Startup Resource Metrics Technical Review 101

Startup Professionals Musings

FEBRUARY 12, 2022

Provide direct customer contact to everyone, as well as training. For starters, the whole team needs to be constantly trained and encouraged to develop their skills. Relevant skills include continuous improvement of existing methods, processes and devices against a set of quality metrics.

Startup 116

Startup Training Statistics Summary 116

Startup Professionals Musings

MARCH 25, 2022

Hire the best, and provide necessary training and tools. Too many busy business leaders I know take shortcuts in hiring, looking for a quick fill, assuming new employees can learn on the job, with minimal training and old tools. Use metrics on key deliverables to assure quality results. Don’t sell what you don’t have.

Startup 134

Startup Training Tool Demand 134

InfoChachkie

MAY 22, 2012

Such follow-up are akin to a train whistle. Each note alerts the investors that your venture is gaining momentum and creating value and they better jump aboard before the train leaves the station. These updates will foster trust by demonstrating your ability to execute your stated objectives.

Venture Capital 236

Venture Capital Capital Research Customer 236

socalTECH

OCTOBER 14, 2019

Most are not event addressing it, and even in the instances they are, the typical format is to have a specialist come in for a workshop, to train just small percentage of an organization. Why that it is important, is the metrics associated with this is are how scalable it is. Sometimes, it's just content presented online.

Content 150

Content Training Education Outsource Development 150

Startup Professionals Musings

SEPTEMBER 22, 2023

Train them fully, give them authority, make them accountable, and tie their pay to customer satisfaction. It must be understandable, written down, and verifiable, with regular measurements and metrics to make it real, benchmarked against the competition. Train and coach continuously. Know your customers intimately.

Competition 99

Competition Services Startup Training 99

Berkonomics

JANUARY 8, 2015

But most important of all, I warn the founder that s/he must be ready and able to let go, to delegate clearly, and to establish metrics for measuring the performance of the newly hired executive – but not to interfere with that person’s day to day management unless absolutely necessary.

Coach 120

Coach Metrics Training Entrepreneur 120

Startup Professionals Musings

MAY 1, 2019

With the real data from that surge, you need to take a hard look at business model realities, cost of customer acquisition, inventory costs, and other key metrics. Document processes and metrics for economies of scale. As your business grows, you need employees who can execute quickly and consistently, with minimal training.

Metrics 86

Metrics Startup Training Customer 86

Startup Professionals Musings

SEPTEMBER 9, 2020

Make sure that you implement a metric with each solution, to prevent the issue from recurring, and check for side effects and follow-on side effects. Provide training and tools to upgrade solution skills. The positive impact of recognizing problems in a business is the clear indication that something more needs to be measured.

Satisfaction 152

Satisfaction Mentor Study Startup 152