Five strategies to broaden your startup’s talent-recruitment options.
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Most new entrepreneurs are eager to expand as quickly as possible. They see growth as the fuel necessary to succeed, and to achieve growth, you need to invest in more resources and a further reach. However, if you aren’t careful, expanding too quickly can work against you. So how can you scale up your hiring efforts without running into long-term problems that could threaten your business?
The Problems With Hiring Too Quickly
Let’s start by looking at the main problems with hiring too quickly and hiring too many people:
- Expenses. Employees are one of the largest expenses a new business will face, and if you aren’t careful, their costs can quickly overwhelm the business. If you’re suddenly tripling your staff, with little groundwork or revenue to support that increase, your business might not be in a position to survive long-term.
- Poor fits. Opening the doors to new people and filling roles as quickly as possible can be problematic for your organization. In a rush to fill seats, you may lower your hiring standards, ultimately ending up