Startup founders begin grooming next generation of employees – the economic times

BENGALURU: Startups aren’t looking for worker bees waiting for directions to flow from the top. Fencing chicago Instead, they are seeking innovative partowners in their employees, who would match the founders in their appetite for risk and results.

“We want to create a pipeline of people who can function almost as co-founders, and are actively grooming those with strong risk appetite, a vision to work independently, and an ability to focus on long-term challenges,” said Amit Agarwal, co-founder of home-rental startup NoBroker.

Agarwal’s company is among an expanding list of startups such as customised furniture maker Urban Ladder and furniture rental company Furlenco that have expunged the job-description straitjacket to create innovation and ideation talentpools across hierarchies, harnessing the creative-solutioning ability of employees to hurdle the typical barriers these companies face in their current stage of evolution.

At Bengaluru-based home-decor company Urban Ladder, co-founders Rajiv Srivatsa and Ashish Goel set up a live-projects mentoring programme called ‘UL Next’ in December: “The idea came from an employee’s suggestion that not enough was being done toward innovation and risk-taking. Best baseball stadiums It made us realise that we needed to weave the culture of entrepreneurship right into the fabric of the company,” Srivatsa told ET.

At home rental startup NoBroker, about ten senior employees work with Agarwal on projects related to maximising revenue, and driving operational efficiencies. Basketball teams nba They meet every three days to examine data and finalise action points.

“Colleagues sometimes use the learnings I gathered during my days in the consulting industry to further their own entrepreneurial mindset,” said Agarwal, who pulled out a few of his old assignments during his days at one of the Big Four consulting firms, and used them build a framework around his teaching techniques.

At talent assessment and analytics firm Jombay, co-founder Mohit Gundecha focuses on not only fostering an entrepreneurial mindset, but also on having an enabling organisational structure: Both, he believes, are appropriate vehicles to foster ownership. Pitch meaning in business “I don’t make judgements or definite statements whether something will or will not work. Baseball diamondbacks Instead, I focus my energies on mentoring employees with a minimum level of interference,” he told ET.

At Furlenco, employees across teams volunteer to take up projects related to company growth and expansion, with the leadership team working closely with them to provide strategic vision. College softball world series scores There are weekly ‘growth huddles’, where teams discuss their progress and share data.

“Founders and CEOs need to be psychologically ready and have support of investors to be able to give time to impart their learnings and skills,” said Jappreet Sethi, co-founder of YoStartups, which provides consultation services to new-age firms.

Urban Ladder’s Srivatsa is unfazed by the possibility that grooming employees to think entrepreneurially might cause the flight of talent. Usssa softball world series “Attrition is always a risk, but we have faith in the company we’ve built and in our people. College softball world series winners Employees working on these projects with us have been energised by the exposure they-’re getting and we are sure they will stick with us for a long time,” he said.

At Furlenco, employees were the driving force behind the recent Airbnb partnership, as part of which Airbnb hosts can choose from a set of customised packages to furnish their homes.

“We had key employees driving the initiative, right from the initial talks with Airbnb, to exploring the business opportunity, creating a separate website, and driving marketing and branding. Funny fantasy football team names 2015 It was almost a new business vertical for us, and is very demonstrative of what can happen when employees get the freedom to think like entrepreneurs,” said Ashwin Venkatraman, COO at Furlenco.

At Jombay, too, a team of psychologists and product managers independently conceptualised a new assessment centre product and inked a partnership with Pearson Talent-Lens. Garden of eden key west The new project now makes up for 30% of the company’s revenue.

“Employees learn from us the risks, milestones and priorities of driving their projects, and Ashish and I provide our own perspective so that in the long run, we develop people who can start up something on their own,” said Srivatsa. Landscape and urban planning Its five projects will be concluded at the end of February, after which the company will begin the second version of this programme.

“Startups of the future will be built up of not employees but entrepreneurs, so when CEOs and founders roll up their sleeves and get directly involved with employees on projects, that’s a great way to drive entrepreneurial thinking from the top down,” said Sethi of YoStartups.