The concept of startup companies increased in popularity over the years. Its exact definition though is not something that can be narrowed down to a business that is just setting itself up. It can best be categorized using various concepts. One of which is from Neil Blumenthal, the co-founder, and co-CEO of the designer eye-wear Warby Parker. He said that to be considered a startup, the company must aim to solve a problem wherein the solution is not apparent and not guaranteed.
Startups are also characterized by the social impact the company wants to achieve and its capability to scale up quickly even if most are started up by a sole entrepreneur. It is, therefore, more goal-oriented than profit-oriented and dynamic in nature.
Hiring Tips for Startup Companies
Hiring can be one of the most difficult processes a startup company needs to undertake. Given the characteristics of startup companies, finding that perfect fit is not easy. Here are some tips to consider in hiring for your startup:
1.Define your vision and mission well and hire someone who can relate to it.
Most startup companies are unable to offer hefty paychecks to their prospect employees. They are sometimes even unable to offer competitive compensation. The best offer one can provide is a good mission and vision.
The mission and vision of the company provide a picture of where and how the company wants to be positioned in the future. Having that clear picture in mind, an applicant can see whether he or she wants to reach the same goal. If the person does, it can be a good buy-in even if the compensation is not at par with other companies.
On your end, it would be beneficial to hire someone who sees eye to eye in your mission and vision. It means the motivation is intrinsic and little effort will be needed from your end to make the person work on the achievement of the mission and vision of the company.
2. Identify the necessary skill sets for your company.
Startups can benefit from a lean operation. It is therefore important to target the specific skills that will be required to run your business efficiently. Hire the perfect fit based on the defined skill sets.
3. Know the personal background of the applicant.
Sometimes, hiring is done in haste because of the immediate need to complete the talent pool. Sometimes, the interview is focused on the credentials. Consider asking for a personal background like how the family is doing, the difficulties the person experienced in school, and other struggles he or she may have encountered.
It would be good to know whether he battled with an addiction such as alcohol or drugs. Maybe someone in the family or a loved one is suffering from a substance abuse disorder. This should be done delicately because many people do not like others knowing if they had to go to a
The list of hiring tips for startup companies can be as dynamic as startup companies. Scale up your requirements as you scale up your business.
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