VentureFizz, January 4th, 2017
We tend to believe that ideas are startups’ currency. Those that have the best technology, the most funding or the shiniest new products are the ones that are destined to succeed. This mindset overlooks what is actually the most important resource of every startup: people.
It seems obvious, but the startups that are destined to succeed are actually the ones with the best people. Knowing this, the question then becomes “how do we recruit and retain the best employees?”
There’s no doubt that spending a significant amount of time on recruiting can make executives feel like they’re ignoring “more important” aspects of their job. Realizing that there is nothing more important than identifying and hiring the best people should ease this burden.
Below are four personnel strategies that can apply to any early-stage startup. They’re broken down into the three distinct areas that are critical for small companies: identifying the right talent, hiring those people and keeping them for the long run.