Whenever there’s a holiday, no matter where it falls during the year and the work week, you know one thing’s for sure: Productivity is going to drop. But what if it didn’t have to? The struggle is real. During December alone, studies show that more than two-thirds of workers report being less productive compared to other months. Employee absenteeism and distraction pose significant costs to the overall economy and your bottom line in particular. Even non-holiday events can have a high cost: The 2017 solar eclipse cost the U.S. an estimated $700 million in lost productivity. For every 14 minutes employees spend shopping online at work during CyberMonday, employers can lose $450 million in productivity/wages.
Good startup founders have an uncanny ability to suspend disbelief when it comes to future of their own startups. They’re always in sales mode — to themselves, their friends and family, their investors, and the world in general. While this makes sense in general there is one moment when you need to share the worst case scenario — hiring. Before you hire civilians (i.e. people looking for jobs/careers) you need to give them the harsh realities of the startup world. You need to tell them that fewer than 1% of startups ever raise venture capital and of those who do more than 90% fail. Your endeavor will almost certainly fail. Employees who don’t understand this reality will be perpetually unhappy when they hear rumors about the state of the company.
People jump on trends because they mistakenly believe that the wave of momentum pushing it forward is enough to build a company on.
And people back those companies because they want that momentum too. The problem is, it’s ridiculously short sighted. The trends will always come and go.
Some of them will turn into a lasting change. We know this. But the vast majority of the trends out there are going to disappear like a Frozen Yoghurt store in Newtown.
Late last year, I made my best business decision yet. I hired a sales coach.
One morning after my workout I was sipping my cup of Earl Grey, reading an online story about Rachel Sheerin, owner of She Sells. I liked that she focuses on helping women in creative fields. I emailed her immediately. We met. We clicked. I signed on for a month of intensive sales coaching. Since then, my confidence has grown in every way and so has my business.
Here’s what I learned.
It’s not just the noise that’s distracting. It’s the annoying behavior of your coworkers.
Seventy-five percent of the 2025 global workforce will be Millennials and Generation Z. For organizations with a growing Millennial workforce, it’s critical to re-engage Millennials in order to avoid the high recruiting, training and productivity costs associated with employee disengagement.
With a workforce that is 80 percent Millennials, VaynerMedia–the full-service digital agency founded by Gary Vaynerchuk–believes creating more company heart is the solution to better engage their 600+ Millennial employees.
“There’s one type of person that I’ve found to be absolutely necessary in the first 100 hires, and very helpful at any stage. I call them renaissance people.”
What defines a renaissance person? In any area of an organization, there are typically three things required of team members to have a meaningful impact:
- Make sound decisions.
- Build systems or processes to facilitate execution.
- Do the work.
Most people are skilled in only one of these areas. Renaissance people, in contrast, have the superpower of being able to do each of these things equally well to drive a company forward. Here’s why this matters, and how renaissance people are ideal for startups.
5 min read
Not all startups are created equal. Joining a great startup can be an inflection point in accelerating your career. Joining a bad startup can lead to burnout, frustration, and disenchantment. With so much on the line, how do you pick the right one?
It’s never too late to create your company’s culture.
Your company culture is your foundation. It is the bedrock from which your employees will thrive, your customers will engage, and your partners will benefit. It will help you survive the winds of change and face the challenges that come your way. When implemented purposefully, it may also be a key differentiator among your competitors.
Creating a company culture that sits on a shelf is not only a waste of time; it may damage your brand. Your employees and your customers need to see that you are steadfast in your commitment. This is what engages your workforce, creates a lasting brand, builds trust and makes a difference in the world. And isn’t that the reason you started your business? Let’s take a look at four questions that can get a new entrepreneur on the right track of creating a lasting company culture.
In a startup, it’s common to call for all hands on deck. Non-technical staff jump in to stress test a new software build. Managers roll up their sleeves to set up and tear down for events. Software engineers carve out time to handle a sudden rush of customer support calls.
As CEO of a startup, I must have thanked people dozens — hundreds! — of times for being willing to step outside their immediate responsibility and just ‘taking one for the team.’ I was proud of our supportive and collaborative culture. It’s part of the secret to success.
Until it’s not.