Work-Life Strategies & Solutions

On the Evolution of Work Systems in the Digital Economy

Tag Archives: Toptal

Fintech and Banks: How Can the Banking Industry Respond to the Threat of Disruption?

Submitted by Michelle Young at Toptal

Authored by Alex Graham, Finance Expert for Toptal

Edited by Lynn Patra

Executive Summary

Fintech 1.0 needs fintech 2.0 to arrive.
How have banks reacted to fintech?
There are four areas in which the financial industry can focus to improve their response to fintech.
What will the bank of the future be?

Banks Can Play the Fintech Game Too

Fintech, shortened from financial technology, is assumed to be a modern movement. Yet the use of technology to assist financial services is by no means a new phenomenon. Financial services is an industry that introduced credit cards in the 1950s, internet banking in the 1990s and, since the turn of the millennium, contactless payment technology. Yet, fintech’s place in the public conscience has really taken off in the past three years:

Chart 1: Google Trends "Interest over Time" Results for the Search String "Fintech"

The takeoff of this term has come from startups—actors not within the inner circle of financial services, taking a more prominent role within the ecosystem. Three core trends have led to this movement emerging: Read more of this post

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How to Hire the Right M&A Advisor to Help Sell Your Business

Submitted by Michelle Young at Toptal

Edited by Lynn Patra

It can take around five months to sell a business. It is a significant commitment with many risks, in terms of juggling attention between ongoing operations and negotiating the sale. Enlisting the a professional M&A consultant’s assistance will help a founder to manage time, maintain their business, and maximize the economic outcome of the deal.

To help select an M&A consultant to work with, we will outline the steps of selling a business and, for each, outline the beneficial characteristics that a consultant can provide.

This article is written within the context of trying to sell a business (outbound), as opposed to fielding an unsolicited request to buy a business (inbound)

Prelude: Does the Founder Want to Sell?

The reasons for selling a business will first be defined by the owner’s personal situation and desires: Read more of this post

You Need a Hero: The Project Manager [Abridged]

Submitted by Irene Papuc at Toptal

Authored by Ethan James, Freelance Software Engineer at Toptal

This abridged version was edited by Lynn Patra

This article is for you, the plucky entrepreneur with an app idea in your heart and cash in the bank. Diagrams you’ve scribbled on cocktail napkins will disrupt the world, and dump trucks full of money have been dispatched to your house. To ensure timely arrival, here’s advice for making your production cycle run smoothly.

Why You Need A Project Manager In The First Place

“Computer programs are the most complex things that humans make,” says Douglas Crockford, a senior software architect at Paypal who has pioneered various cool technology. He is someone with expertise about working on large projects. Read more of this post

Things To Watch Out For While Working Remotely: Addressing Burnout with Nermin Hajdarbegovic [Abridged]

Submitted by Irene Papuc of Toptal

Authored by Nermin Hajdarbegovic, Technical Editor at Toptal

This abridged version was edited by Lynn Patra

TopTal has published numerous lifestyle posts encouraging people to give working remotely, or even the nomadic lifestyle, a try. We are a distributed team whose day-to-day operations involve much online communication between people in different time zones, working from home offices, co-working spaces, or holiday spots. We’re proof that remote work, for lack of a better word, works.

Researchers find that most remote workers are more productive than their office counterparts. Remote workers have fewer distractions, more flexible working hours, and less time commuting and preparing for work. No traffic jams, no office drama, and at face value, less stress. However, they are prone to burnout. Read more of this post

Special Feature: Advanced Tactics for Highly Collaborative, Remote Teams by Breanden Beneschott – Co-founder / COO at TOPTAL

In a time where ideas and statements are often repeated over and over again, even as they relate to innovative ideas like remote work, I’m delighted to present Breanden Beneschott’s surprising and refreshing psychological insights on improving remote teams members’ communication. This exciting article will help you see obstacles and solutions differently as well as how possible remote work arrangements really are.

At Toptal, nothing about remote work is controversial. Over the last four years, we’ve lived and worked remotely in more than 30 countries. We’ve been running a 100% remote, 90-person strong, venture-funded company that grows hundreds of percent year over year—almost entirely from our laptops, phones, and tablets. Working remotely is a productive and efficient reality that we evangelize to our clients, while practicing what we preach. Hiring remotely removes the constraints of geolimiting and makes it possible to build the best team, regardless of whether members are across the Bay or around the world.

But it turns out some very smart people don’t agree with me. Recently, a post by Paul Graham and a subsequent response by Automattic’s Matt Mullenweg sparked a huge debate about remote work. I circulated Matt’s post to my team, because I think it simply and concisely says what we’ve been broadcasting for years: hire the world’s best talent, regardless of where they live, and everyone wins.

You’re probably already familiar with the textbook cases of successful remote teams such as 37Signals, Automattic, GitHub, and many more, but consider some not-so-obvious examples of times when office-dwellers work from afar:

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Announcement: Due to great alignment in interests, Irene Papuc from Toptal has been invited to feature articles on remote work, business, and other related topics on my blog. So I’d like to introduce her to my readers now and welcome her. By the way, I’ll be posting more in the near future as well. More on this later!

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