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 ?

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

The European Union is in trouble. From the start, its countries haven’t been on equal footing. But COVID-19 has shone a stark light on the dissimilarities between its national economies. The crisis has also laid bare that EU members have significantly different views on what obligations they have to one another.

It is now evident that the EU’s economically stronger members, such as Germany and the Netherlands, are reluctant to come to the assistance of the weaker—and coincidentally more COVID-riddled—nations of Italy and Spain. This could not only spell the end of the EU, but could plunge its southern members ever deeper into debt, meaning certain economic turmoil.

In a recent interview with the Financial Times, French President Emmanuel Macron expressed his concern over the lack of solidarity in the EU during the coronavirus crisis. He implied that if a resolution does not happen soon, the EU and the euro could be in jeopardy. What he left unsaid was that without collective action, the financial burden on the more disadvantaged members of the EU could be far-reaching and potentially devastating.

Unfortunately, this chain of events is already unfolding. The financial markets have delivered their verdict: The EU is …

As the coronavirus pandemic escalated in March and businesses across the U.S. began shutting down, retailers in the nascent recreational cannabis industry experienced an unprecedented surge in sales activity.

“We saw sales that were four or five times what our normal averages are for a few weeks,” says Terra Tech chairman Derek Peterson, whose company cultivates and sells cannabis products in California and Nevada. Terra Tech was not alone; in California, Colorado, and other states where recreational marijuana is legal, retailers witnessed a sharp increase in sales—close to 100% in some markets—as the coronavirus outbreak worsened and authorities began rolling out stay-at-home orders.

Peterson attributes the March sales spike to “panic buying” by customers uncertain whether marijuana dispensaries would remain open much longer. “Then,” he adds, “we hit a brick wall.”

While dispensaries in most states have been allowed to remain open as “essential businesses,” April has brought more muted sales figures for cannabis retailers. In tourism-heavy markets like Colorado and Nevada—where spring usually sees visitors flocking to the former’s ski resorts and the latter’s Las Vegas hotels and casinos—slumping demand has resulted in lower sales and higher inventories, according to cannabis industry data analytics platform Headset.

In …