Tag: Entrepreneur Profiles

Building a Startup Team: 10 Tips From Entrepreneurs in Latin America

Over the past few years, I’ve interviewed nearly 100 entrepreneurs on my podcast Crossing Borders about their experiences doing business in and across Latin America.

I always ask them to offer their advice to aspiring entrepreneurs, and one topic that comes up often is how they create a team that drives their companies to succeed. It takes time and effort to find the right people who fit your company culture and can meet a startup’s needs.

So I decided to round up the best advice on finding, building, and maintaining a successful startup team from these entrepreneurs. Check out their advice below.

1. Hire people who fit your company culture 

Komal Dadlani, the founder of Chilean science education startup Lab4U, says that when they were starting out they made the mistake of hiring “senior executives” that were not ready to sell a scrappy startup product. As a result, she found herself handling most of the sales, and paying a high price for experienced workers who weren’t meeting the company’s needs and weren’t a great fit for the company culture. 

Instead, she advises not to be dazzled by years of experience. In an early-stage startup with a small team, every person needs to pull their weight. It’s important to look for people who are a good cultural fit, and who are willing to do any task – big or small – to get the job done. 

(more…)

Entrepreneur Profiles: Fashion Entrepreneur Sukara Sterling

Note: This post is the second in a new series called “Entrepreneur Profiles.”  These posts focus on an interesting entrepreneur who I’ve gotten to know and hopefully provide a window into their business that you might not otherwise find in a newspaper or magazine. Sukara Sterling is a young entrepreneur and friend who started her own clothing boutique on State Street.  This post is about her experiences with life after her store.

HI! my name is Sukara Sterling and I am a young entrepreneur. I opened up my very own clothing boutique when I was 21 years old on famous State Street in Madison,Wisconsin.  I named my shop after me, calling it Sukara Sterling.  I owned and operated it for nearly 5 years, closing it in July 2009.  After closing my store, I searched and searched for the right job, and was offered many, but I really realized I really wanted to be my own boss.

People always ask me “how did you go from growing up in the country to owning your own boutique at age 21?”  It all started at a young age.  I was always interested in fashion as a child.  I grew up in the country playing outside with my siblings, exploring abandoned buildings and playing in the Maribel caves. Being the outdoorsy child that I was, I somehow also had an interest in fashion.

I can remember making my first garment, I think in 4th grade. It was made out of a farm print fabric (I’d like to bring that look back….hahaha). Anyway, from there I continued to have an interest in fashion and also started to learn more about business. I remember buying my first business book as a Sophomore in high school and bringing it to class with me.  The book brought a ton of attention and lots of questions from the my teachers and students. I told everyone I wanted to own my very own clothing boutique. I definitely got a mixed response.  Some thought I could never do it and others gave me their full support. (Thanks to those who did ;).

Next, I graduated from high school and went on to college. Let’s just say I picked the wrong school and switched colleges a few times. Never finding my niche at school, I ended up dropping out, even though I loved fashion and had been able to choose to major in fashion marketing.

I had two major problems.  First, I had to pay all my bills through school, leaving me with hardly any time to study. I had two part time jobs and I was also a full time student.  My first job was as a waitress.  I loved that job, the money was good, and I had a blast running around the restaurant with my co-workers.  Some of the girls are now my life long friends, they were also college students at the time, and moved on to other things.

The second problem, and this one was a BIG one was, in class I would sit and think, “gosh why cant I just do this in ‘real life’, and skip the stuff I don’t need?” Well, that is exactly what I decided to do. The second part time job I had was at a clothing boutique called Lupe. The women who owned it wanted to get out of her lease and I saw this as a great opportunity to start my own store by taking over her lease.

That is exactly what I did. After a few weeks of getting everything needed together including taking out a small loan, I inked my name on the lease with a hefty monthly rent. I really wasn’t worried about how I would pay the bills, I just knew that it was what I wanted. For me when there is a will, there is a way.

I changed the name of the store to Sukara Sterling, restocked the store with my own inventory and was on my merry way for a great learning experience. Let’s just say I jumped into this.  I didn’t know much about business and only had read a few books. I went with the flow and learned what I needed to run a successful business and grew with my new company. I learned to do everything including, HR, Accounting, Taxes, Managing, Operations and my favorite the buying. I remember going to my first show for a buying trip in LA and having no idea what I was doing. I just nodded my head and agreed acting the part, they bought it. It worked.

A few weeks later I was ripping open boxes of new inventory, and reaping the benefits of checking out customers and making some cash. As a few years went on, I got bored with being in the same place; I needed more flexibility in my life, not to mention the economy decided to tank and sales were down. I saw this as the perfect time to sell out my inventory and move on with new ventures. Owning and operating the store gave me tons of experience and exposure and enabled me to be qualified for some pretty sick jobs. I closed in July of 2009 and attempted to move to Los Angeles. I made some money, learned a ton, but it was time to move on.

My beautiful sister is also an entrepreneur, running her own jewelry label out in LA.   She was lovely enough to fly home and road trip with me and my dog Benson across the country from Wisconsin to California. In California I was lucky enough to find some great job opportunities even though California’s unemployment rate is very high compared to other places. I was offered an office job and a job as a store manager for a fashion label, but, let’s just say LA is not my bag, so I turned down the job offers.

I found that it was great to visit, but decided it wasn’t right for me to be living there. Among other reasons, oddly enough I needed rain, and there was hardly any rain in California and bunch of other stuff I didn’t love. I packed up everything and came back to where I am from, still in search of my perfect place to live.  I was comforted where there was fresh rain and green cut grass in good old Wisconsin. I drove solo across the states in 36 hours.  If you drive straight through, it takes 30 hours. So if you do the math, you can see I slept little and only stopped when needed for gas. I slept once for 4 hours in the beautiful Rocky Mountains, waking up to a shiny dusting of snow. I loved driving across the country solo, it gave me plenty of personal one on one reflection time and thinking time, which I love.

I applied for jobs in several different states when I got back.  I still didn’t know where I wanted to have my home base. I was lucky enough to get job offers in several different states from several different companies. I was offered a job in Boston, but wasn’t ready for Boston.  Got offered a job in Chicago as Store Manager for a clothing line that I love, but I finally realized that I did not want to live in a big city whether it was LA or Chicago. Finally, I took a job in Milwaukee, working as store manager for a large clothing retailer.  I saw this as a huge opportunity because I would be managing a store that did $7mm  a year in sales, and it was a different path for me coming from my background in boutiques. However, that wasn’t for me either.

I realized that corporate America is really not my friend and I needed more freedom and flexibility in my life. That is when it dawned on me that I need to be doing my own thing again, fully running my own show. I decided I would look for some consulting work and quit when I found that.

Fortunately, my experience has given me a leg up in the harsh world of trying to find a job. The work came to me faster than I thought. I went in for an interview and I was on the payroll 5 minutes after my interview ended and immediately started working that same day. I am now currently working for a company called Madison Avenue Worldwide. This awesome couple who I adore dearly has given me a great opportunity. They were looking for someone to help them start a retail store from scratch. That is where I come in. I was hired to do exactly what I know how to do. Start a retail business. It is the closet thing to working for myself that I can get right now.

My job is to implement all the procedures and operations for a retail store that was just started called Fashion Playground. I am in charge of basically starting the store from scratch and getting it running and profitable. I am doing all the public relations, marketing, HR, writing the store manuals and implementing all the procedures and policy’s etc. for store operations. It is a great concept idea for a store where the kids get to come in and be their own designer for their own garment. I was recently informed that after I finish up with my current project with them, I get to start traveling for their other company and will be doing marketing and PR which I am really excited about. The owners of this business are very lovely and have given me the flexibility that I want and positive feedback that I was hoping for.  This jobs gives me a good mix of entrepreneurship and the steadiness of knowing I’ll have a paycheck.

While moving around and trying to figure out where I should live I also realized that I need to be a citizen of the world, because I love traveling so much. I do however, still want a home base but am not sure yet where that is going to be. I am thinking a mountain town somewhere, perhaps Big Sky, Montana where my brother lives or the northern west coast in Portland to join my friend Mrs. Tedford.

I’ve also learned that its kind of fun not knowing.  I like to go with the flow and see what happens because it keeps life more exciting. The moral of my professional life story thus far is that I would ultimately like to be fully running my own show from a laptop and a cell phone from anywhere in the world. In order to get to this point, I need to work hard and get my own business’s going.

In addition to working fulltime, I am working on a few other companies that I am starting, designing a fall 2010 clothing line, representing a clothing line outside of New Zealand called Federation as the USA and Canada rep, working with global summit (a non-profit that I helped found) and doing other consulting on the side. Hopefully it will all will pay off so I can get the lifestyle that I want and ultimately strive for!

Reblog this post [with Zemanta]