Tag: Startups Growth

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How to Assemble a High-Performing Team

Having spent my last 11 years growing an agency, one of the factors we squeeze and optimize most frequently is performance. Agencies are a weird beast that gets scrutinized all the time. Why? Enterprises are large and monolith enough to employ an endless set of processes going through multiple layers across a number of departments across the organization, taking forever to execute Product businesses don't face deadlines in the same way an agency does. Roadmaps are more easy-going, distractions are fewer, people work on a single product at a time (continuously) Support/maintenance firms get interrupted frequently, but established processes in… Continue Reading
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Defining Employee Feedback Plans and Pinpointing Areas for Improvement: The Tactical Guide

Why are feedback sessions so important?  For one, companies that carry out regular employee feedback have turnover rates that are 14.9% lower than those employees who receive no feedback at all. Now, here are additional helpful insights from the stats on employee feedback and performance reviews:  Managers who received regular feedback on their strengths showed 8.9% greater profitability. (Source)  About 43% of those highly engaged employees receive feedback on a weekly basis. (Source)  92% of respondents agreed that when negative feedback is delivered appropriately, they can be highly effective at improving one’s performance.” (Source) 63% of Gen Z employees want to… Continue Reading
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10 Factors to Consider Before Scaling Your Business Towards Growth

While the global corporate community world aims for rapid growth, scaling your business towards growth does not come easy. In fact, not everyone is suitable for growth. An old Harvard Business Review study recommends a 10% to 25% growth target across a broad data set of small and enterprise companies. If we review NYU research data including 2023, average CAGR over the past 5 years (blended across categories) is 10.10%, considering the volatile global terms with some industries accelerating faster than others. The business size and segmentation play a role in how to scale a business. Smaller companies grow faster… Continue Reading