Home' Trinidad and Tobago Guardian : July 16th 2013 Contents B6
Guardian www.guardian.co.tt Tuesday, July 16, 2013
The Human Resources Department
Tourism Development Company Limited
Level 1 Maritime Center
29 Tenth Avenue
Applicants who meet the criteria outlined above should forward their curriculum vitae to:
OR Apply online at firstname.lastname@example.org
The Engineering Technician performs a variety of basic sub professional engineering tasks as defined in the
Principal Duties and Responsibilities section; and assists the Project Engineer in ensuring that all project
resources are in place in the required quantity, at the required time and of the required quality and cost
so as to minimize, if not eliminate, project overruns or delays.
Principal Duties and Responsibilities
and project work.
project are maintained throughout the lifetime of the project.
conducted within the specifications of the Project Schedule.
facilitate operational requirements.
Qualifications and Experience
Engineering , would be an asset.
Skills and Abilities
Tobago to apply for the following position within the Company.
Closing date for receipt of applications is
Monday July 15th, 2013
RYAN ALLIS OF ICONTACT
Being the CEO of a startup is one of the most
challenging roles out there. Your job is to build a
product customers love; recruit a team; find funding
from customers, partners, or investors; and guide
the overall prioritisation of work.
• Creating a product that solves a real customer
need (and convincing customers to pay for it).
• Making sure your users and customers have an
extremely positive emotional experience with your
• Recruiting a great team to build your product.
Yes, you’re also in charge of incorporating, finding
a place to work, creating the foundations of your
culture, hiring your first employees, setting up a bank
account, creating a web site, finding early stage fund-
ing, and taking out the trash. You’re basically the
chief everything officer at this early stage.
But these activities matter little if you can’t figure
out how to create something of value and convince
others to pay for it in an exchange that benefits both
parties. Figuring out your value proposition—in other
words, what you sell that brings value to others—
is key in this early stage. Once you show there is
market demand for your core value proposition (in
other words, “have happy paying customers”), the
remaining steps in building a business are relatively
Before you have employees
Determining the initial equity split
When you first start your business you’ll need to
determine who gets what percentage of the company.
The initial levels of ownership are determined when
you file your incorporation paperwork. If there is no
one else involved then you’ll simply own all the out-
standing shares and 100per cent of the corporation.
If there are other individuals involved then you’ll
need to negotiate what is a fair percentage for them
to receive and for you to receive.
There are some key factors to take into consideration
when deciding who should get what at the formation
of a company. These factors include:
• What role in the organisation will each person
have once the business is incorporated?
• How much time will each person be putting in
• How much money is each person putting in at
the start of the company?
• How much business and entrepreneurship expe-
rience does each person have?
• Will one party be contributing any existing intel-
lectual property to the new corporation?
If there are multiple parties involved, it’s important
to vest ownership over a period of years to make sure
they don’t walk away with the full amount if they
quit after six months. The most common vesting
timeframe is four years with a one year cliff, which
means that they get nothing if they leave in the first
364 days, 25per cent from day 365-730, 50per cent
from day 730-1095, and so on.
If you’re partnering with an experienced entre-
preneur or engineer who has had multiple successes
and lots of contacts and who will be putting in hun-
dreds of thousands of dollars of their own money
and working full-time on the venture together with
you, expect to have to give up a lot more than if
you’re partnering with a first time entrepreneur or
engineer with little business experience who will
only be working on the venture 20 hours per week.
I recommend not splitting a company 50:50, as
it will cause deadlocks. It’s generally a good thing
for the speed of decision-making for one person to
have more than 50per cent of the shares (and thus
Figuring out which person this should be is up to
negotiation. If needed, you can ask your lawyer to
divy up the shareholder vote differently than the
economic interests by creating separate class
of stock with extra voting rights.
There are many important reasons to
incorporate your business. The most impor-
tant benefits of incorporation are:
• You are taken more seriously by
prospects, vendors, potential employees,
and potential investors.
• You are able to open a business bank
account and begin to build credit for your
• You are able to protect yourself from
some personal liability.
• You pay less taxes. As an individual,
you effectively pay taxes on your total
income (with a few allowed deductions). As
a business, you pay taxes on your net
Keeping costs extremely low
You may be in need of funding prior to
being able to develop your product or service.
My strong recommendation is to raise as
little money as possible but enough to get
the first iteration of your product or service
Be as creative as you can, offering own-
ership in your company in exchange for
early employees’ work or for critical services
like legal and accounting, or requesting
deferred payment so that you can pay when
you are able to. Keep your costs down, as
low as possible, until your monthly revenues
grow and enable you to increase your
expenses. And do contract consulting work
on the side if needed to have money to live
How to be startup CEO
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