Startup 101: Here’s How To Find The Best Employees For Your Startup

Startup 101: Here’s How To Find The Best Employees For Your Startup

SUMMARY

Young entrepreneurs in India face several challenges in hiring for their startups

In this week’s Startup 101, Pallav Nadhani, cofounder and CEO of FusionCharts, shares three golden rules for hiring

Nadhani emphasises entrepreneurs should always hire better people better than them

“The secret of my success is that we have gone to exceptional lengths to hire the best people in the world.” — Steve Jobs, co-founder, Apple

In the startup world, where hustle is the essential key to making it through the day and to the next day, working for a startup has been considered a thrill as well as a chase by many.

But for entrepreneurs, finding the right employees remains a challenge. Should one hire an older (than the founders) and more experienced employee? If yes, how does one handle them? Or should one hire rookies for a low cost and train them? Also, how does one retain employees at a time when it is no longer taboo to shift jobs frequently?

Young entrepreneurs in India find themselves asking these questions ever so often.

Hiring ‘people like you’ helps in forming a homogeneous group that can deliver faster while heterogeneous groups can bring in diversity and creativity. Which way does one go?

What complicates thing further is the fact that most founders are answerable to their investors for each salary that goes out of the company’s coffers. Then there is the matter of deciding on and setting a work culture that is cool and reflects the startup’s values while being productive at the same time.

In this week’s Startup 101, Pallav Nadhani, cofounder and CEO of FusionCharts, which help developers convert any kind of data into meaningful and engaging visualizations, tells us how to hire the right employees.

 

Nadhani shares three golden rules to hire the right — and the best — employees in a startup:

  • Always hire better than you
  • Run a good process, and even if you meet somebody who is really good, don’t get blindsided
  • Even if you’re not hiring right now, keep looking for people — you may not get the right person at the right time

As Jim Collins, an American author and lecturer on company sustainability and growth, said, great vision without great people is irrelevant.

Find your great team to be a great startup!

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Startup 101: Here’s How To Find The Best Employees For Your Startup-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Startup 101: Here’s How To Find The Best Employees For Your Startup-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Startup 101: Here’s How To Find The Best Employees For Your Startup-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Startup 101: Here’s How To Find The Best Employees For Your Startup-Inc42 Media
Startup 101: Here’s How To Find The Best Employees For Your Startup-Inc42 Media
You’re in Good company