Posts tagged ‘headhunting’

Want to become an entrepreneur? Be ready for the speed bumps

 

 

(Times of India)

Entrepreneurship is for people who want to innovate, break out of office routines, be their own bosses, and have full control over their destiny and work space. Sure, you want the opportunity to change lives, serve as a role model.  You will never be bored but do you know the challenges that entrepreneurship brings?

 

First, be clear about why you want to start a business and your motivation such as doing something you are good at, your ability to solve problems and an opportunity to make money .Entrepreneurship is not always the rosy life you dream about and to escape from work travails. Meeting few real entrepreneurs and interacting with them will throw insight into how running a business could be never ending work with demanding colleagues, associates, service providers and clients.

 

Second, assess the financial situation regarding the marketability / saleability of the product/service. Consider the competition and how to make the set up financially viable. No revenues means game over.

 

Third, having a solid business structure and support stricture focusing on lower cost, fewer resources, networking with other experts and freelancers to create dynamic teams that come together for projects, while remaining independent otherwise. For businesses needing varied skills, the diversity of the team would increase productivity but also bring in conflicts. An entrepreneur should have the leadership capabilities of holding such a team together and working with the differences and clash of ideas and approaches.

 

Fourth, be prepared to work hard, work long, and work with focus when things go wrong. A successful business can look back and identify the steps it took to get where it stands today. That is the benefit of hindsight. A business must find a way to persist, persevere and plod on. That needs a tremendous amount of positive energy, willingness to learn new things, heightened awareness about the micro and macro view of what is going on and persistent ability to rework.

 

Fifth, running a business is a demanding task and an entrepreneur has to be on high alert, manage time, and take efforts for feedback, conversations, ideation, and networking. Business environments could be different from our vision what with clients, colleagues, competitors and unexpected crises that shape a business enterprise. Makes sense to choose a venture that you have the energy, competence, resources, and strategy to solve and of course get financial returns for that.

 

Sixth, even entrepreneurship ventures need solid quick thinking and executing teams, rowing in the same direction, with common goals and vision and willing to work hard, work long hours, multitask and face challenges.

 

At Datum Recruitment Services, we help early stage, entrepreneurs hire for growth, at a vulnerable time when every new hire can make or break a young venture.

 

Are you a candidate looking for an opportunity or an entrepreneur looking for highly committed talent, connect with us on http://www.datum-recruitment.com/, Email: kirti@datumhin.com / 91 9004446702

 

How to retain top talent?

Recruiting top talent is not easy but retention is an even bigger process. After you put in the time, effort and investment to hire the best employees possible, you need to retain that talent. Employees want to feel valued. They want to be compensated well; they want to be challenged; they want to contribute to something meaningful; and they want to have a good work-life balance.

 

Let’s watch this video by peoplematters to see what top talent look for when they start working for an organization and to continue working there.