PHOTO CREDIT: Getty Images Eighteen months ago, FreshBooks CEO Mike McDerment did something that might blow your mind. In secrecy, he started a brand new company to compete with his existing one. In my recent interview with McDerment, he described a moment in the winter of 2013 when he had been feeling uneasy about the steady growth of his business. Freshbooks, which had long been the darling of the DIY bookkeeping industry, needed to keep innovating to remain competitive. The reality, which McDerment recognized, is that software products, by their very nature, are malleable and constantly changing. In today's business landscape, consumers expect products to be constantly improving. But how do you make major changes in a way that does not disrupt existing users? Especially when their livelihood depends on your product? How does a company allow for the exploration required for innovation without screwing up what it's already getting right? McDerment asked himself these questions. And he … [Read more...] about Why This CEO Started a Secret Company to Compete with His Existing One
Starting a moving company
6 months after being accused of sexual harassment, the former CEO of BetterWorks is launching a new company
Kris Duggan, who founded and served as CEO of BetterWorks, is starting a new company. The new company already has funding and is hiring, although Duggan offered few details about it. Duggan stepped down as BetterWorks’ CEO in July after he was accused in a lawsuit of sexually harassing an employee. Kris Dugan, the founder of BetterWorks, is launching a new startup – just six months after he stepped down as CEO of the enterprise software company amid accusations that he sexually harassed an employee. Duggan announced his new venture on Wednesday on LinkedIn. He gave few details about the company he’s starting, beyond that he already has funding for it and is hiring. The startup is “pursuing a marketplace opportunity in a very big and traditional market,” he said in his LinkedIn post. It’s unclear who’s funding the new company. Duggan did not immediately respond to a request for … [Read more...] about 6 months after being accused of sexual harassment, the former CEO of BetterWorks is launching a new company
The former CEO of BetterWorks is launching a new company only six months after being accused of sexual harassment at his old one
Kris Duggan, who founded and served as CEO of BetterWorks, is starting a new company. The new company already has funding and is hiring, although Duggan offered few details about it. Duggan stepped down as BetterWorks’ CEO in July after he was accused in a lawsuit of sexually harassing an employee. Kris Dugan, the founder of BetterWorks, is launching a new startup – just six months after he stepped down as CEO of the enterprise software company amid accusations that he sexually harassed an employee. Duggan announced his new venture on Wednesday on LinkedIn. He gave few details about the company he’s starting, beyond that he already has funding for it and is hiring. The startup is “pursuing a marketplace opportunity in a very big and traditional market,” he said in his LinkedIn post. It’s unclear who’s funding the new company. Duggan did not immediately respond to a request for … [Read more...] about The former CEO of BetterWorks is launching a new company only six months after being accused of sexual harassment at his old one
The former CEO of BetterWorks is launching a new company only six months after being accused of sexual assault at his old one
Kris Duggan, who founded and served as CEO of BetterWorks, is starting a new company. The new company already has funding and is hiring, although Duggan offered few details about it. Duggan stepped down as BetterWorks’ CEO in July after he was accused in a lawsuit of sexually assaulting an employee. Kris Dugan, the founder of BetterWorks, is launching a new startup – just six months after he stepped down as CEO of the enterprise software company amid accusations that he sexually assaulted an employee. Duggan announced his new venture on Wednesday on LinkedIn. He gave few details about the company he’s starting, beyond that he already has funding for it and is hiring. The startup is “pursuing a marketplace opportunity in a very big and traditional market,” he said in his LinkedIn post. It’s unclear who’s funding the new company. Duggan did not immediately respond to a request for … [Read more...] about The former CEO of BetterWorks is launching a new company only six months after being accused of sexual assault at his old one
Starbucks is spending $120 million to address baristas’ complaints and raise wages in a move ‘accelerated’ by Trump’s tax bill
Starbucks is making some changes after baristas’ complaints. On Wednesday, CEO Kevin Johnson announced that workers are set to receive two raises in 2018, as well as a new wave of benefits. In April, hourly and salaried partnered employees will receive their second raise of the year, following their January annual wage increase. Raises will be based on regional factors, such as cost of living and local minimum wage. Starbucks will invest $US120 million in raising pay, a move that Johnson said in a letter to employees was “accelerated” by the new tax plan. Many baristas have previously complained that they were underpaid, despite Starbucks’ reputation for offering impressive benefits. “My team wants to be able to afford rent and groceries,” one employee told Business Insider last year. “If you had asked partners if they could have the option for higher pay or the college achievement program, somewhere around 90% of all partners would have asked … [Read more...] about Starbucks is spending $120 million to address baristas’ complaints and raise wages in a move ‘accelerated’ by Trump’s tax bill