Why is raising capital more celebrated than building a business that is actually profitable? It may be a smarter play to join an actual business rather than a "concept company".
A bootstrapped company should be more attractive to people but for some reason, it is not. Today we are out to prove that driving a good business does not require venture capital and You do not need VC money to attract and hire the right talent.
Today’s Quote:
"Bootstrapping is a way to do something about the problems you have without letting someone else give you permission to do them."
- Tom Preson-Werner, co-founder of Github
Guest Bio:
Meetul Shah CEO of DemandMatrix, Inc., is a tech entrepreneur, having successfully built 3 companies prior to starting Demand Matrix. His “entrepreneurial” vision and inspiration comes from his desire to create and bring products to the marketplace that can help solve problems he himself has faced in his career. The combination of his years as a successful entrepreneur combined with his tenure at Microsoft has given a strong shape to his business acumen and technical expertise.
Meetul has been featured in several major publications, like CIO, NYT, WSJ, Washington Post, Huffington Post, Venture Beat, and more.
If you were to ask him to introduce himself in less than 5 seconds, he’d probably just say he’s an idea machine, health freak, and wine lover! He is deeply passionate about Sales and Marketing Productivity given his time working for and selling to enterprise companies like Microsoft, DocuSign, Google, Cisco.
Show Highlights:
What is Bootstrapping?
Why Bootstrap your company?
Challenges faced while hiring
Rick’s Input:
Solutions (what you learned):
As an Entrepreneur, where to Start?
Structure your process to allow for successful hiring
Rick's Process:
Key Takeaways:
The Dangers of Screening Too Soon in the Interview Process with Joel Patterson of The Vested Group
Lessons Learned from Hiring Friends & Family with Wing Lam of Wahoo’s Fish Tacos
The Reality of Vanity Hires with Greg Toroosian of Elevate Hire
The Pivot to a Remote Interview Process with Vince Thompson of MELT
The Answer to the Widening Skills Gap is an Apprenticeship Program with Nicholas Wyman of IWSI America
Hiring 250 Remote Employees in 2 Weeks with Brock Blake of Lendio
The Method for Hiring Trustworthy Leaders Not Incompetent Managers with Tim Spiker of The Aperio
Data Driven Insight into Your Video Interview Process with Scott Sandland of Cryano.ai
Entrepreneurs & Suicide Prevention with Sally Spencer-Thomas of United Suicide Survivors International
Leveraging Your Company Values to Land the Unobtainable Talent with Darius Mirshahzadeh of The Greatness Machine Podcast
The Secrets to Building a Transparent & Fair Compensation Structure with Louis Beryl of Rocketplace
The 3 Critical Elements to Executing Your Talent Strategy for 2021 with Scott Hamilton of Executive Next Practices Institute
Why Giving Fuels Growth & Engagement with Charles Antis, Eric Morley, Wendy Ellis & Wing Lam of California Love Drop
Virtualization is Downgrading the Mental Health of Your Employees with Jodi Duva of Cox Business
Why the 30, 60, 90 Day Job Posting Wins Hires with Dan Moore of Vaporware
Employee Engagement is Driven by Performance Management & Personal Development with Michael Caito of MAP
Your Remote Workforce Will be Breached with Chuck & Anne Marie Lerch of HI Tech Hui
The Secret Talent Pool of Hiring Veterans with Jerri Rosen of Working Wardrobes
Your Local Hiring Market is Going to Disappear! Bradley Clark of RecTxt
Hiring Now is a Strong Indicator of an Innovative Business with Jay Connor of Learning Ovation
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