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5 common hiring mistakes

5 common hiring mistakes by first time entrepreneur

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Page 1: 5 common hiring mistakes by first time entrepreneur

5 common hiring mistakes

Page 2: 5 common hiring mistakes by first time entrepreneur

1. Trying to build a family

• Focus on building high-performance team– You can’t choose your family.– You can’t fire your family

“We’re a team, not a family. We hire, develop and cut smartly so we have stars in every position”

Page 3: 5 common hiring mistakes by first time entrepreneur

2: aptitude over attitude

• You can train people, but you can’t change people

• Look for– Naturally motivated person– Willingness to be coach and to share knowledge– Good temperament

• Careful with:– “Superstar” developers– Social media celebrities– MNC backgrounds– Freelancers

Page 4: 5 common hiring mistakes by first time entrepreneur

3: Overselling your company

• Small startups tends to oversell their company

• Avoid:– Offering monetary incentives during hiring– Promising perks you do not yet have

• Do:– Show enthusiasm when describing your company– Explain your vision

Page 5: 5 common hiring mistakes by first time entrepreneur

4. Insufficient documentation

• Offer letters must cover– Work scope– Termination clause– Core benefits

• Problems:– Unclear expectation– Firing difficulties

Page 6: 5 common hiring mistakes by first time entrepreneur

5. Keeping dead-weights

• You often know a candidate fit within the first

month.

• Fire if they don’t fit– Costly to keep them– Send signals to current staff

• Ask: “what have you done for the company lately?”

Page 7: 5 common hiring mistakes by first time entrepreneur

Good luck!