Discy Latest Questions

  1. I think its indeed a good idea not only for the employees who are working rremotely but also for the companies. It is to be noted that companies that encourage and support remote work often report higher levels of employee retention and engagement, reduced turnover, higher employee satisfaction, incRead more

    I think its indeed a good idea not only for the employees who are working rremotely but also for the companies. It is to be noted that companies that encourage and support remote work often report higher levels of employee retention and engagement, reduced turnover, higher employee satisfaction, increased productivity and autonomy, and lots of other benefits.
    And of course its good for those who are working remotely as there is no commute problem, they get work-home balance and comfortable setting.

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  1. An answer to that is both yes and no. Suffice to say, sometimes they could be paid more and sometimes less. It depends upon what type of work you are doing if you are an online blogger or developer chances are you could be making more money. Although technically they should be paid less as they don'Read more

    An answer to that is both yes and no. Suffice to say, sometimes they could be paid more and sometimes less. It depends upon what type of work you are doing if you are an online blogger or developer chances are you could be making more money. Although technically they should be paid less as they don’t have to waste their money and efforts on transportation and setting up a traditional work environment.

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  1. "Having a co-founder for your startup will help you in following ways: 1. Better decision making: The co-founder will help you in better decision making by providing you a different perspective on a particular idea. When faced with a dilemma they can also guide you. 2. Moral and Emotional Support: TRead more

    “Having a co-founder for your startup will help you in following ways:
    1. Better decision making: The co-founder will help you in better decision making by providing you a different perspective on a particular idea. When faced with a dilemma they can also guide you.
    2. Moral and Emotional Support: The co-founder can be your support system in times of stressful situation.
    3. Support of Investors: It is said that investors prefer businesses that are run as a team and not by individuals. Having a co-founder can be great here.
    4. Division of responsibility: You would not have to take up everything upon you. Responsibilities can be shared between the both of you.
    Here is an article to help you further with this question: https://www.feedough.com/why-do-you-need-co-founder-for-your-startup/

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  1. Well the role of a CTO depends from one company to another, but yes there are some basic responsibilities that I guess every CTO has. Since they are the head of technological head of a company so they need to monitor technological, social and scientific trends that could influence the company's busiRead more

    Well the role of a CTO depends from one company to another, but yes there are some basic responsibilities that I guess every CTO has. Since they are the head of technological head of a company so they need to monitor technological, social and scientific trends that could influence the company’s business goals. They also need to identify opportunities and risks for the business and participate in management decisions about corporate governance.
    CTOs also play an important role in research and development. Their duty is to research and recommend the most effective content management systems (CMS).They also maintain current information about technology standards and compliance regulations.
    CTOs got to manage research and development of technology, IT assets and associated revenue. They also need to communicate the company’s technology strategy to partners, management, investors and employees. Also, assist with the recruitment, retention, acquisition and sales efforts of the company.

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  1. Hi Janny, I don't think companies necessarily need board of directors but its always better to have them even if its not necessary. Many companies do not have board of directors at an early stage, like the initial stage of a startup but its never too early to have board of directors. These directorsRead more

    Hi Janny, I don’t think companies necessarily need board of directors but its always better to have them even if its not necessary. Many companies do not have board of directors at an early stage, like the initial stage of a startup but its never too early to have board of directors. These directors do play a crucial role in the company. The board can be a group of founders, a formal board with a non-executive chairman or a husband and wife team meeting monthly. Companies need to do the appointment of them by the voting of shareholders. These meetings are held to assess the risk, develop a budget and long term strategies.
    Not just this but they also play a key role in the appointment of a CEO and they can also fire him if needed. Hence they do a big role to play in a company.

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  1. A vision statement communicates what your company aspires to be in the coming future. The vision statement is looked up on as a guide for any actions to be taken. Vision statement can act as a strategic decision making tool if it communicates company's future goals clearly. How to write a vision staRead more

    A vision statement communicates what your company aspires to be in the coming future. The vision statement is looked up on as a guide for any actions to be taken. Vision statement can act as a strategic decision making tool if it communicates company’s future goals clearly.

    How to write a vision statement?
    The major requirements to write a vision statement is a creative mind and a long-sighted vision.
    A vision statement should be clear and easy to understand.
    It should be written in present tense and concise language.

    Often people confuse vision and mission statement. In a line vision statement is where you aspire to be and mission statement communicates the purpose of organization’s existence.

    To get more understanding you can go through https://www.feedough.com/vision-statement/

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  1. Burn rate is a rate at which a company spends money. This parameter is very critical for startups as it reflects whether a company will survive or not, it is a key indicator of company's financial health. Regardless of its situation, any company should have a burn rate that ensures at least six montRead more

    Burn rate is a rate at which a company spends money. This parameter is very critical for startups as it reflects whether a company will survive or not, it is a key indicator of company’s financial health.
    Regardless of its situation, any company should have a burn rate that ensures at least six months of cash runway. Any less than that and you may not be prepared for unexpected changes in revenue or spending.
    It simply means that to have a good burn rate you should have a lot of cash in the bank, a strong line of credit, growing revenue sources and support from venture capital. These are some important factors that will keep your startup financially healthy.

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  1. Burn rate refers to the rate at which a company spends its supply of cash over time. It's the rate of negative cash flow, usually quoted as a monthly rate. Its very important for a business to have a good burn rate and to know that what works for it to maintain it. Its a key indicator to determine tRead more

    Burn rate refers to the rate at which a company spends its supply of cash over time. It’s the rate of negative cash flow, usually quoted as a monthly rate.
    Its very important for a business to have a good burn rate and to know that what works for it to maintain it. Its a key indicator to determine the financial health of the company. It reflects whether or not the company will survive for long term.
    A start-up is often unable to generate a positive net income in its early stages as it is focused on growing its customer base and improving its product. As such, seed stage investors or venture capitalists often provide funding based on a company’s burn rate.

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  1. Hi Janny, a high burn rate is no good for any company especially for startups. By the formula of burn rate which is the rate at which a company spends its supply of cash over time, implies that company is spending a lot of cash within a smaller period of time. A startup which already has less fundinRead more

    Hi Janny, a high burn rate is no good for any company especially for startups. By the formula of burn rate which is the rate at which a company spends its supply of cash over time, implies that company is spending a lot of cash within a smaller period of time. A startup which already has less funding, this looks like no good news.
    So more technically speaking it means that by a high burn rate, a company is depleting its cash supply at a faster rate. It indicates that is it at a higher likelihood of entering a state of financial distress. This may suggest that investors will need to more aggressively set deadlines to realize revenue, given a set amount of funding. Alternatively, it might mean that investors would be required to inject more cash into a company for it to realize revenue.

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  1. Its necessary for a company to maintain a good burn rate, and if somehow it rises then there are some ways by which a company can reduce it. Firstly its important to know that a higher burn rate implies that the cash is depleting at a higher rate in such a case company can either increase its cash rRead more

    Its necessary for a company to maintain a good burn rate, and if somehow it rises then there are some ways by which a company can reduce it. Firstly its important to know that a higher burn rate implies that the cash is depleting at a higher rate in such a case company can either increase its cash reserves or reduce the spending. Well there are more technical ways to describe that how it can be reduced:
    A company can make a pay cut or can also go ahead for lay offs, which means it can reduce the staff during high burn rate. Layoffs often occur in larger start-ups that are pursuing a leaner strategy or that have just agreed to a new financing deal.
    A company can project an increase in growth that improves its economies of scale. This allows it to cover its fixed expenses to improve its financial situation.
    A company should also focus on return on investment and to have an MVP before seeking for financing.

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