Top 5 Things Every Entrepreneur Should Know

September 2nd, 2008 · 8 Comments

by Stacie Krajchir,                                                   
Ladies Who Launch member, Los Angeles

1. Familiarize yourself with the term “intern.”

If you haven’t heard, interns are the new black. If you don’t have one, find and hire one. Actually, get as many as you can.

Not only are interns smart, young, eager, willing, and able, they are in most cases free. As a launching entrepreneur, that is like finding this season’s Marc Jacobs bag with a $0 price tag.

My general entrepreneur intern mantra is this: Treat your interns with the deepest respect, say thank you often, and find ways to show them you value them beyond the obvious “Hey Jillian, great job today.” I support and encourage a few off-campus staff outings (think mani, pedi, massage, or a nice long lunch), which give the whole team a chance to just be who they really are outside the office structure.

I always make a point to ask interns what they want out of their experience with my company and I give them actual duties beyond getting me coffee, filing, and Xeroxing—seriously people, court your intern like you might a super hot guy. I tend to give my interns more responsibility than the norm because if I demonstrate I trust them to do key work that matters, they will in most cases step up to the plate and hit the ball out of the park. If you invest the proper time, training, and effort, I guarantee your intern will turn into your best, most loyal employee.

I require interns to commit to at least three months—if they can’t hack three months of basic training, they aren’t really sticking around anyway. When they do stick around that long and want a part-time job, even if you don’t think you can afford them, give up your daily latte for two weeks—there’s their starter salary and your new star employee. Congratulations.

Next >>

Pages: 1 2 3 4

8 RESPONSES SO FAR ↓
Lauriek -- September 2nd, 2008 at 8:40 pm

Wow… am I impressed with this go getter who knows her you know what…. Yes that is Stacie K :) I am inspired, motivated, and ready to take charge in my own music and coaching business. Thank you so much!! Ladies who Launch totally ROCKS!!

LaurieKnightMusic.com

madona -- September 3rd, 2008 at 11:14 pm

wqewqewqe

sewkandi -- September 4th, 2008 at 6:19 am

This is a great article with information that I am definitely going to use in my own business. Thanks!

http://www.signaturesoirees.com

OhmGirl -- September 5th, 2008 at 9:17 am

Im looking for one right now! Where do you think a good watering hole for interns might be?

pamgl -- September 5th, 2008 at 4:23 pm

We find our interns through the local colleges. We are a PR agency, so we connect with the colleges who offer communications degrees. We now have an interns or two each semester and during the summer. They are a great members of our team.

jlugash -- September 8th, 2008 at 8:15 pm

Great article- it was really spot on advice, thanks for taking the time to really tell it as it is!
Jennifer

chesa7 -- September 11th, 2008 at 8:00 am

I completely agree with the advice about competitors. My business is very young and I reached out to several competitors to introduce myself and ask if they had learned lessons during thier start up that they might be willing to share — and they have been incredibly generous with their time and expertise! We now regularly correspond via email.

Laura
http://www.chesapeakebaygiftbaskets.com

JanaStewart -- September 13th, 2008 at 7:44 am

I think Stacie’s information is EXCELLENT!!! She provided so many valuable tips. In fact, not only am I about to reach out to several of my competitors, but I’m about to send an email to a fellow LWL member who I have something in common with.

Thanks Stacie!!!

Jana Stewart
http://www.janastewartfitness.com

Leave a Comment
You must be logged in to post a comment.