HELLO TUTORS, USE THE CASE STUDY

Using cash to weather a talent drought

So, what's a job seeker with dreams of working for a startup to do? Bernstein offers the advice he often gives his students: Take a step back and consider your long-term career path.

"The career trajectory is quite path-dependent. And the choices that you're making today are going to affect the choices that you're going to make tomorrow," he says. It's important to recognize that over the long haul, "things in retrospect may not be as severe as they seemed."

Bernstein advises startups that are facing a dwindling talent pool to raise cashand act quickly.

Finding capital when it's least needed can provide a firm with more stability, as well as the ability to offer competitive salary packages when attracting experienced talent down the road, Bernstein says. For instance, when a top-tier venture capital firm is funding a startup, the nascent firm is far more likely to attract top talent, researchers including Bernstein find in aseparate working paper(pdf)published in October.

"The best time to raise money is when you don't really need money, because then you're in the best position to do so," Bernstein notes.

"Similarly, your ability to attract talent today might shift quite dramatically down the road," he says. "So, if you have opportunities, better to seize them as soon as you can, because you're competing in the labor market against the more incumbent and larger companies, particularly during times with great uncertainty."

About the Author

Rachel Layneis a writer based in the Boston area.

[Image:coldsnowstorm]

Related Reading

• Why a Blended Workforce May Be Key to Lasting Competitive Advantage
• Recessions Push Some Entrepreneurs to Launch Too Soon
• Where Do Workers Go When the Robots Arrive?

How has the pandemic changed your outlook on the economy?

Using cash to weather a talent drought

So, what's a job seeker with dreams of working for a startup to do? Bernstein offers the advice he often gives his students: Take a step back and consider your long-term career path.

"The career trajectory is quite path-dependent. And the choices that you're making today are going to affect the choices that you're going to make tomorrow," he says. It's important to recognize that over the long haul, "things in retrospect may not be as severe as they seemed."

Bernstein advises startups that are facing a dwindling talent pool to raise cashand act quickly.

Finding capital when it's least needed can provide a firm with more stability, as well as the ability to offer competitive salary packages when attracting experienced talent down the road, Bernstein says. For instance, when a top-tier venture capital firm is funding a startup, the nascent firm is far more likely to attract top talent, researchers including Bernstein find in aseparate working paper(pdf)published in October.

"The best time to raise money is when you don't really need money, because then you're in the best position to do so," Bernstein notes.

"Similarly, your ability to attract talent today might shift quite dramatically down the road," he says. "So, if you have opportunities, better to seize them as soon as you can, because you're competing in the labor market against the more incumbent and larger companies, particularly during times with great uncertainty."

About the Author

Rachel Layneis a writer based in the Boston area.

[Image:coldsnowstorm]

Related Reading

• Why a Blended Workforce May Be Key to Lasting Competitive Advantage
• Recessions Push Some Entrepreneurs to Launch Too Soon
• Where Do Workers Go When the Robots Arrive?

How has the pandemic changed your outlook on the economy?

Question five

1. Which from the ensuing are topographies______ of a modern economy_________

2.When no firm or consumer is great enough______to affect tsdhdfcjksdksdkhe market price, the market is assumed to have_____

3. Which from the subsequent are the consequences of defective opposition in the markets__________

4. When one event happened before another event,__________ the fallacy in economic intellectual that the first occurrence instigated the additional event is called__________

5. When we assume that what is true for the part is__________ also true for the whole, we are committing___________

6. The three important economic difficulties ___________every human humanity must antagonize and resolve are__________

7. The three important economic problems __________-of what, how, and for whom are resolved by__________

8. Fiscal policy consists of government's_______________

9. The maximum amount of goods that can be professionally shaped by________-- an family using its scarce resources and available technology is called___________

10.Which economic period is secondhand________ to amount the overall presentation of an economy_________