How to build a remote company?

How to build a remote company?


Hi, my name is David
and this is Hacking Modern Life the channel in which we share
life hacks and tips and tricks in order to improve your modern
life [Music] For the past 12 years I have been managing
and building development teams in companies such as Waze, Google, Metacafe
and a number of startups in this video series I want to share with
you some of the tips and tricks we used in order to build
and grow our remote team First, what is a remote company? How is different from a company which allows
you to work from home once a week? The difference is that all the decision making,
all the processes, all the development everything is happening online You know this feeling when you’re in the office,
you’re working on your project, you have the plans going forward, and then you take one
day to stay home with the kids, you come back the next day, back to the office, and you
find out, absolutely by mistake, nobody told you about it, that two of your colleagues,
including your boss, have discussed something next to the water cooler, yesterday, and your
project is CANCELLED. In a remote-only company that cannot happen
because all of the work, all of the decision making, everything happens remotely to begin
with. That presents a number of opportunities, but
at the same time presents a number of challenges. The opportunities include the ability to hire
anybody anywhere in the world, regardless of their physical location,
based purely on their skills. Which means that if one of your star designers
suddenly needs to move because her husband got a new job in some other place, in a non-remote
company, you won’t lose the employee. That causes more engaged employees. Remote companies by definition are location
independent, employees are free to work from wherever they want. Now that presents you with a number of challenges. The challenges are – how do you manage? How do you monitor?How do you manage vacation
days? Especially considering that the number of
annual days of leave in Austria for example, is 38 a year, and in Ukraine that would be
29, in Israel that would 21, including public holidays. How do you sync a team that is located in
two different places? How do you pay salaries to employees that
are located in different locations, or registered under different countries? This is something we will touch in one of
the future videos. Another question that comes up frequently
is how do you do brainstorming? If you have people in 3 different countries,
especially across 3 different timezones, how do you brainstorm together in order to come
up with the best product or the best idea? And that is also something I want to touch
in one of the future videos. Another benefit of remote first companies,
is that you actually look at the productivity of the employees and not on the time they
actually appear in the office. I remember having an employee in one of my
previous companies, that has been consistently coming to the office at 9am, leaving at 5pm,
but during the whole day he would sit at Facebook, doing absolutely nothing. At the same time, I have employees in our
remote company, that are working maybe 4-5 hours a day, but the results and the productivity
of those employees is way higher than the 9 hour workday of the employee that was sitting
on Facebook. And why is that? Because it allows them to focus on work, get
it down, and then leave to do whatever they want. Do their gardening, sit on Facebook, whatever
it is. If you find this subject interesting, if you
think that you could learn something from that, keep in mind that what I will be presenting
here is not necessarily only for development teams, but most of the examples I will bring
will come from that world, because that is what I know best. If you’re interested in learning more about
how a remote first company works, and learning some tips of how to turn your idea into a
company, subscribe to our channel, and be sure to watch our next videos.

2 Comments

  1. Hacking Modern Life says:

    Let me know what challenges you struggle when building your ideas!

  2. healrstreettalk says:

    Great topic! Thanks for the vid on the topic, I'm going down the entrepreneurship path myself and looking at doing it mostly remote 🙂

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