Hiring for Super Growth

Hiring for Super Growth
If you want to “Turbo Charge” the growth of your start up….it boils down to one simple thing. Hire the best people. As a Owner or a partner of the start up, here are a few key items you need to focus on. (I have learnt some of them the hard way)

1. Write a clear job description. I know you think that’s for a big company…not really. Try this site : JobDescription

2. Be clear about the compensation and benefits including stock options if any.

3. Do your home work – be fully prepared to interview. http://www.howtointerview.com/

4. Also, you need to be clear that you may have to interview at least 10 people before you make up your mind. Never hire in the first 2-3 candidates.

5. Make the candidate go through at least 3 rounds of interview.  Make sure that you have one interview at least on a Friday or Saturday night. Will show the interest level of the candidate.

6. Get the reference check very carefully done. This is very much required if you are hiring a sales guy!!

7. Have the offer letter vetted by a good lawyer (this will save a lot of money and head aches if you  need to fire the guy). Have all the right clauses for firing being very clearly defined.

8. Give the candidate selected there options – Salary / bonus and performance linked incentive. Add stock option to make it more effective. Always have no caps on incentive a colleague can make.

9. And always be happy if your team guys can make more incentive than you are making!!

10. Hire the best guy or just keep it open……never fill it with a mediocre person.

And you create a fun atmosphere in work place and prepare for a super GROWTH!!!!
giri devanur

Mr. Giri Devanur is a Serial Tech entrepreneur, from India, who is currently based in the US. Born in a small town called Chikmagalur, Karnataka, India Giri went later went on to ring the Nasdaq Stock Market Closing Bell in New York City. Giri holds a Master of Science (MS), in Technology Management • from Columbia University in the City of New York, and Executive Education from Harvard Law School, and an Executive Education in Innovation at MIT in Computer Science. He was a mentor of – the Executive Master Program-Columbia University. He is an E&Y Entrepreneur of the year award winner and has successfully completed the Nasdaq IPO of AMRH (Ameri100.com). He has helped raise multiple rounds of capital, executed M&A. Giri Devanur is currently the CEO & founder of ReAlpha Tech Corp.

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