【Lesson #6 - Focus on leveraging strengths, not improving weaknesses】
In the never-ending argument between focusing on maximizing strengths vs improving weaknesses, Chelsea Sim, the former founder and CEO of Botbot.ai, which provides chatbot-based productivity solutions for enterprise, has learned to over index on leveraging strengths, instead of correcting weaknesses. Why? Simply put, the world rewards greatness, and the amount of time it takes you to get a skill from bad to good is likely the same amount of time it takes to get a skill from good to great, except the latter scenario yields 10x dividends.
***
At some point during the early days of Botbot, instead of business development, I somehow found myself spending almost half of my weeks on HR related matters, such as payroll, performance reviews, or 1:1 my employees. So I went out to hire an HR, seeking specifically for someone that could handle both talent development and administration.
After several months of prolonged searching, I ended up settling on a girl that was fantastic at finding candidates and communicating with current and future employees, but often dropped the ball when it came to paperwork and admin functions. Contracts were lost, salaries came out with extra zeros, and paid leave was not accurately calculated. It was a nightmare. While backend, these functions are mission critical, and no founder wants to be brought down by shotty operations. Your team also has a lot less tolerance when it comes to administrative mistakes, especially when they're performing at the speed in which a scaling startup needs to function.
Several performance reviews passed by, and it was clear that she had not demonstrated any notable improvements on the administration front. But this person had also become a critical part of our talent and culture management, extending a bit into marketing based solely on her effective communications alone. So, instead of forcing this person into this arbitrary mold that I created for her, I decided to find someone else to complement her skill sets. Our HR has been split into talent operations and admin and functioning seamlessly ever since.
In an ideal world, we can all focus on improving our weaknesses to make us all more well-rounded individuals. But in startups, it’s a race against time, and as a founder, your sole job is to determine the most optimal allocation of resources to deliver maximum output—but the key is also recognizing that the allocation can and should always change based on new inputs.
Applications for AW#22 are now open to founders targeting SEA, AI/IoT, or Blockchain/Defi -> https://bit.ly/2KShdfV
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handle paperwork 在 Daphne Iking Facebook 的精選貼文
“One of the problems NGOs face is usually one man does a lot of different things. They wear multiple hats because of budget constraints. So one of the areas that suffers is administration. Usually you have people on WhatsApp, email, or calling you. It takes up a lot of time and energy.” – John-Son
Yes. I have been through this and now understand why we need to either
a. Task each volunteer with a specific role
b. Allocate a sum / token for an admin to handle specific roles, especially the mundane paperwork
Cons?
a. Volunteer based has no sustainability as volunteers come and go
b. Budget is low, we can’t afford it.
How now brown cow?
handle paperwork 在 Agent Khoo Facebook 的最佳貼文
【5 Questions Every Executor Should Ask】
If you are named as an executor of an estate? Here are five key questions to ask yourself to make sure you’re the right person for the job.
It's a privilege to be named an executor. But it's not a task for everyone – and it's also one you can legally (and gracefully) refuse.
Here are a few questions to ask yourself before accepting the call.
1. Do I have the time?
Settling an estate can sometimes take years, although it doesn't have to. You'll be wrangling documents, wrestling with paperwork, making multiple phone calls and even rifling through countless personal effects.
2. Can I afford it?
How valuable is your time? Do you have to travel far from home to manage the estate? Do you have the strong financial to settle the taxes & debts during the estate administration. In most countries, executors are entitled to take a percentage of the estate's value, even if a fee isn't specified in the will.
3. Do I have the right experience to handle the estate ?
Someone who has good financial and common sense will do well as an executor. Being well-organized is also key. An executor must be sure to find all personal property in the estate and protect it until distribution.
4. Do I have the patience to manage it ?
You may have to summon your detective skills to dig for assets, accounts and details. You'll also be dealing with different personalities and possibly family disputes. Patience and calm are true virtues in these circumstances.
5. Am I a good communicator?
Establishing open communication with the will's beneficiaries and potential heirs early and often will take you far throughout the probate process. Will there be any dispute among the beneficiaries that you need to handle?
Think twice when you wan to become an executor.
#AsanExecutor #major5questions #sharinginformation #pleasethinktwice #gratitude #AgentKhoo
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