Bruce Ballengee is a Founder and Director at Pariveda. Pariveda is a consulting firm dedicated to solving complex business, brand, and technology problems from the inside out.
In this episode, Bruce Ballengee, founder and director of Pariveda Solutions, discusses his transition from working at major consulting firms to starting his own company, influenced by his family's entrepreneurial background. He emphasizes creating an ESOP company and achieving B Corp certification. Bruce also highlights the significance of managing cash flow, strategic decision-making during tough times, the value of hiring top performers, and much more!
Timestamps
Challenges in Starting the Firm (00:00:44)
Becoming a B Corp (00:06:13)
Getting the First Projects (00:10:27)
Mistakes in Scaling Up (00:14:02)
Hiring Mistakes (00:16:59)
Compensation Structure (00:20:01)
Higher Base Salary and Performance (00:20:45)
Voluntary Temporary Pay Reduction (00:21:47)
Challenges of Counter Offers and Bonuses (00:23:08)
Scaling and Leadership (00:24:12)
Business Model and Scaling (00:27:05)
Key Moment for Acceleration (00:28:06)
Quality and Speed in Scaling (00:30:00)
Assessing Candidate's Attributes (00:33:32)
Maintaining Culture and Values (00:36:05)
Navigating Challenging Market Conditions (00:39:44)
Challenges with Revenue Collection (00:43:24)
Evaluating Growth Strategies (00:47:43)
Control and Legacy Building (00:49:26)
Bruce’s Links
LDN– https://www.linkedin.com/in/bruceballengee/
Website – https://parivedasolutions.com/
My Links
Podcast: https://lifeselfmastery.com/itunes
YouTube: youtube.com/lifeselfmastery
Twitter: https://twitter.com/rohitmal
5-day email course: www.enterprisesalesexpertise.com
Bruce Ballengee on how B Corp Certification can benefit your business