Today's Entrepreneur: Bjorn Ovick

Mitos Suson · September 21, 2015 · Short URL: https://vator.tv/n/4013

No. 1 Mistake: Not understanding their cash flow to manage their burn rate and funding cycles

Today's Entrepreneur is Bjorn Ovick, Co-founder and CEO at Staffly, Inc. Staffly instantly provides retailers with screened, insured and trained Staffers. Staffly handles the time-consuming responsibilities of interviewing, background checks, training, payroll, workers’ comp, and taxes. Staffly Staffers are always ready to show up and work.

Ovick has strong experience in building new innovative products and bringing new solutions to market. His subject matter expertise is in payment solutions, mobile, e-commerce, payment networks, point of sale technologies, monetization, merchant acquisition and financial services.

Staffly, Inc. self-categorizes in these areas: Human resources, Marketplaces, Recruiting, Retail, and Software as a service.

Here's a little about Ovick:

I am a(n): Entrepreneur

Companies I work or worked for: Visa, Wells Fargo, PayPal, Revolution Money, Bling Nation, Netopia

If you are an entrepreneur, why? I want to change the world.

What's most frustrating and rewarding about entrepreneurship/innovation?

The most rewarding thing by co-founding Staffly is that we are helping people work and independent retailers staff their stores. The most frustrating thing is not enough hours in the day.

What's the No. 1 mistake entrepreneurs make? Not understanding their cash flow to manage their burn rate and funding cycles.

What are the top three lessons you've learned as an entrepreneur?

1. Do homework on market validation before building cool stuff
2. Be obsessive over your clients
3. Focus on what's important and make sure the team is as well

Full bio

Strong experience building new innovative products and bringing new solutions to market. Proven track record in product development, business development, strategy, P&L management, sales management, and operations.

Visa, PayPal, Revloution Money, Bling Nation, Wells Fargo, American Express

Staffly, Inc. is competing in the Splash LA competition. The top eight of the competition will compete live on stage at Splash LA on Oct. 15 at Loews Santa Monica Hotel. Register here.

*Want to be included in our Today's Entrepreneur series? Email me: mitos@vator.tv

Mitos Suson

I produce Vator Events and enjoy the challenge. I am learning and growing a lot, being involved with Vator and loving every moment of it!

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Related Companies, Investors, and Entrepreneurs

Staffly, Inc.

Startup/Business

Joined Vator on March 20, 2015

Staffly instantly provides retailers with screened, insured and trained Staffers.

Retail employee attrition rates are 67% and workers miss 21 days a year of work. Over half of the absences are last minute. The normal for main street business owners is always to be down a person or two.

Thousands of people looking for part-time work. 80% of college students want to work part-time, 47% of stay at home parents think that working part-time would be ideal, and 54% of baby boomers expect to work part-time in retirement.

Staffly handles the time-consuming responsibilities of interviewing, background checks, training, payroll, workers’ comp, and taxes. Staffly deploys our Staffer service into retailers by providing a short retailer orientation to our Staffers, enabling them to quickly hit the ground running. Staffly Staffers are always ready to show up and work.

Bjorn Ovick

Joined Vator on March 20, 2015

Strong experience building new innovative products and bringing new solutions to market. Product development, business development, strategy, P&L, Go to Market Visa, PayPal, Revloution Money, Bling Nation, Wells Fargo, American Express