Corner Office

Corner Office - Available Now

San Francisco
(Financial District), CA

100 Pine Street Suite 1250
San Francisco, CA 94111

by Townes Haas
8/13/2014 11:56:34 AM

The Importance of Seasoned Professionals in the Early Startup Phases


Attracting the right people to work for a company is important for any business. For startups, it can be a make-or-break necessity. While young professionals willing to work day and night are attractive prospects, startups also need seasoned veterans who understand business strategy, planning and hiring.

Entrepreneur recommends signing up veterans who have years of startup experience. These professionals can “add tremendous value in hiring, training, setting realistic expectations, dealing with similarly experienced people (like investors) and unlocking a much deeper network of potential customers and mentors”.

The first step, however, is even getting these seasoned managers interested in the company.

What to Look for in a Manager

If the startup’s goal is to try and bring these types of managers on board, then the entrepreneur needs to think what type of manager is needed. For example, a veteran that’s only worked for large corporations might not be a good fit. Executives that have spent their career working for Fortune 500 companies might not have the skills required to work for a smaller company. Oftentimes, the rigid processes and timelines of corporate working life don’t translate to quick-moving startups.

Someone who has small business or startup experience would be a better fit. Look for a candidate that is flexible, especially when it comes to compensation and working hours. Some candidates may be willing to work for a combination of a good salary and other benefits like equity, flex time or additional vacation weeks.

Tips on Attracting Veteran Managers

Once a founder determines the manager requirements, it’s time to start the search for a seasoned professional to sign on with the startup. Most startups don’t have the capital to pay managers the “big bucks” that they usually require. Instead, a startup can offer different incentives that can encourage veterans to consider working for it.

  • Attract capital: Seasoned professionals want to know that the company isn’t going away tomorrow. One way to do that is to show that the business has been able to attract investors to fund it. Professionals want to verify that the risk isn’t too high for their career.
  • Play up the work culture: Startups have the ability to provide incentives that larger organizations cannot, including flextime, working from home, and a fun work culture. One reason that many veterans leave corporate America is that it’s too restrictive, or it’s a detriment to a work-life balance. Startups can afford a bit more flexibility.
  • Offer Alternative Schedules: Some professionals simply want to take it a bit easier, but still make money. As opposed to hiring a full-time manager, offer part-time work. This could be especially attractive to a business professional who has their own side business. Then, fill in the rest of the time with younger, hungrier employees.
  • Offer Equity or Even Partial Ownership: Incentives are going to be important to a veteran. One of the best incentives a startup can offer is a percentage of equity or earnings, or even partial ownership. This shows that the startup wants the professional to be invested in the business and that the startup values the partnership.

The right mix of seasoned professionals and young employees can help startups quickly scale and grow their business. Both types are needed to be successful.

Do you have experience working with managers in a startup setting? Tell us about it in the comments!

Additional Resources to Help Grow your Small Business

White Paper

How Mail Services Help Entrepreneurs Succeed

In today's mobile economy, digital entrepreneurs often work from varying locations. While this can help save money and increase agility, it comes with one big drawback:

Read More >
White Paper

Virtual Assistants Provide a Competitive Edge

Countless small business owners rely on remote assistants or offsite receptionists to help with critical organizational duties. While some are content to offload simple tasks to self-employed, stay-at-home support people, others demand more comprehensive services...NULL

Read More >
White Paper

Virtual Assistants & Remote Assistants: A Comparison

While the traditional virtual assistant is likely to work from home, an executive-level virtual assistant is part of a greater brick-and-mortar presence. This fundamental difference opens the door for extensive training opportunities that broaden the professional's support capabilities.

Read More >
White Paper

Overview of Virtual Offices, Executive Suites and Co-Working Spaces

Work has changed. In an age of instant communication, cloud-based applications, and workplace versatility, the era of the traditional office culture has come to an end. Providers of virtual offices, executive suites and co-working spaces have effectively liberated the nation’s work culture, adding dynamic and energizing new choices...

Read More >
White Paper

Part 1 of 4: Introducing the SBA

For entrepreneurs and small business owners, navigating the tricky terrain of creating a sound business plan, forecasting for growth and developing an operative growth strategy can be a major challenge. Fortunately, American entrepreneurs and operators have access to one of the most effective resources in the worldwide market...

Read More >
White Paper

Part 2 of 4: Starting a Small Business

Navigating the complex terrain of creating a sound business plan, forecasting for growth and developing an operative growth strategy can be a challenge for entrepreneurs and small business owners. Fortunately, American entrepreneurs have access to one of the most effective resources in the world via the Small Business Administration (SBA).
... Click to read more

Read More >
White Paper

Part 3 of 4: Managing a Small Business

Congratulations! You have gotten your small business up and running. Now what? This part of our four-part series on leveraging the Small Business Administration to help you launch and manage a small business will focus on the operational aspects of running a business. Whether you need leadership strategies, day-to-day decision making skills
... Click to read more

Read More >
White Paper

Part 4 of 4: Marketing, Sales and Contracting

Understanding marketing and sales as well as the technical complexity of our Internet-driven society gives entrepreneurs a distinct advantage over the competition. This final segment of our four-part report will take a deeper dive into the logistics and philosophy of marketing and sales and their impact on your business success.
... Click to read more

Read More >
White Paper

DIY Marketing Tools

If a business isn’t marketing, its potential customers are not finding it. Small to medium size businesses often struggle with spending hundreds of thousands of dollars on marketing. New DIY marketing tools, however, have eliminated the need to spend astronomical amounts on online and traditional marketing. These tools
... Click to read more

Read More >
White Paper

Virtual Office for Legal Professionals

Law firms (large and small) and solo legal practitioners alike can use virtual office services and spaces to run their entire legal operations or as a supplement to a home office or traditional brick-and-mortar offices. Virtual office services can be particularly useful during trial preparation
... Click to read more

Read More >
White Paper

Finance & Tax Professionals

Finance and tax professionals, whether they work solo or as part of a larger firm, can use virtual office spaces and services to stay on top of their workloads, especially during the busy tax season. Professional virtual office spaces can be particularly useful when back-to-back client meetings are necessary...

Read More >
White Paper

Traveling Entrepreneur

As business people and entrepreneurs continually strive to grow their business, doing so frequently involves traveling around the country to attend networking or tradeshow events, meeting clients and prospects on their own turf, and getting some face-time with colleagues, contractors or employees who may operate in a remote location. Preparation
... Click to read more

Read More >
White Paper

Virtual Office Eguide

Have you ever wondered why some small businesses are successful and others are not and what do these successful companies do to gain an edge over their competition? Through our years of experience
... Click to read more

Read More >

Additional Intelligent Office locations near San Francisco, CA