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1. Finding potential Good employees
2. Inspiring them to do their best for your company
3. Keeping them motivated so they don’t move to another company
Human Resources: People make the difference !
Job descriptions
What will this new employee be responsible for?
Part time/ full time? Where do they fit in
the organization?View sample job description:
http://www.careerplanner.com/DOT-Job-Descriptions/MANAGER-DEPARTMENT.cfm
Where can you find Good employees? Make use of your
network. Ask people you know if they know someone who is good at XYZ
Personal recommendations are valuable to employers.
More sources for finding people.
Local school, college, or university.
Employment Agencies Temporary employment
Agencies Government
Employment Agencies Newspapers Internet Employment
services.
Selection Process Now you have some
applicants its time to… look at/ sort resumes Interview applicants
– What Questions would you ask?
Check references.
Hiring Decisions for EntrepreneursDecide who you need to hire. Develop a
job description? Selection process?What skills will they need to compliment
your skills and grow the venture?Will they be part time, full time,
permanent, contract employees?How much can you pay?What benefits, incentives can you offer?How will they be trained?
External Venture Team
Advisors, consultants, support groups who can offer advise and services to help entrepreneurs
Lawyers– Choosing best form of ownership– Register business name.– Advise knowledge of laws and bylaws.
Banker– Financial Advise– Loans, business suggestions
External Venture Team continued
AccountantOfficial Financial StatementsTax preparation and Advise
Real Estate agentLocation selectionSpace required, parking, zoning, construction
Insurance Agent or BrokerType of insurance, protect property, assets.Liability.
Management ConsultantsIn business to help entrepreneurs manage their venture at all stages of the Business cycle. Introduction, growth, maturity, decline.- access to specialists in many areas.