Starting a business isn’t an easy task. From brainstorming your ideas, doing a marketing survey, learning more about your competitors, and reaching your audience, the tasks are never-ending. But before you start carrying out all these tasks, you need the right team on board. So, here are the first 3 people to hire when starting a business.
#1. Someone Who Is Smarter and More Experienced Than You
One of the first 3 people to hire when starting a business is someone smarter and more experienced than you.
When you hire someone smarter and more experienced than you are, it’s easier to get advice and counsel from them. These people have experience in the niche, they may have built successful startups in the past, and they know the best way to position your new business.
Interestingly, if you hire a more experienced professional for your startup, you don’t need to train or handhold them. They understand the right strategy to implement to help your business grow.
Sometimes, it may seem expensive to hire someone smarter than you. But it’s a cost-effective decision in the long run.
When setting up a team of experienced professionals for your business, you don’t need to tell them what to do. Instead, create a conducive environment that will make it easier for them to grow your business.
Again, if you hire smart people, you tend to get better results. Do you know why? It’s because;
- Hiring smart people makes your business grow faster.
- If you hire intelligent employees for your startup, they can easily inspire you to solve problems you won’t have been able to solve ordinarily.
- Most times, smart and highly experienced professionals are independent. You don’t need to handhold or train them before they start charging ahead with the business.
#2. An Enthusiastic Go-Getter
An enthusiastic go-getter is also one of the first 3 people to hire when starting a business. Once you have a team of smart and strategic people to work with, the next step is to hire other employees that will take part in the day-to-day running of your business.
It’s important to search for enthusiastic go-getters who can get important tasks done without delay.
During the interview stage, look for candidates that have the following characteristics;
- The candidate has goals and aspirations. One of the characteristics of a go-getter is that they are passionate about their goals. A go-getter never fails to mention their goals and aspirations. Not even during a job interview.
- They are passionate. Go-getters are passionate about whatever they are doing. Even though a go-getter encounters challenges, they don’t get discouraged. Rather, their passion keeps them going.
- They count their victories. When things get tough for a go-getter, they always go back to count their victory and pat themselves on the back.
- Go-getters always learn from their mistakes. That’s why they hardly repeat mistakes…
#3. A Lawyer You Can Trust
Entrepreneurs often underestimate the importance of having a lawyer on their team. But you need a lawyer to help you handle every legal matter regarding your business.
Your lawyer will help you review your company’s handbook, go through every contract, and guide you on the best ways to bring investors on board.
Do your research, ask for recommendations, and scrutinize your options very well before you choose a lawyer for your startup.
Having a trustworthy lawyer on your team would contribute greatly to the success of your business.
But before you hire a lawyer for your startup, it’s important you know the following things;
Important Things To Know Before Hiring a Lawyer for Your Start-up
Now you know that a lawyer is one of the first 3 people to hire when starting a business. But it’s sometimes difficult to hire or work with a lawyer, especially if you haven’t done it before.
So, when you are hiring a lawyer for your startup, look for the following;
#1. Look for a Fit
The first thing you should know about hiring a lawyer for your startup is to look for a fit. That means you should hire someone that you can trust, get along with, enjoy working with, and the person must be genuinely interested in your business.
As a rule, ask for referrals. That’s the easiest way to get the perfect lawyer for your business.
During the hiring process, give preference to candidates who are competent, responsive, and highly experienced in your business niche.
#2. Consider Why You Are Hiring the Lawyer in the First Place
Every startup needs a lawyer to help them handle different legal-related issues. But it’s important to know why you need a lawyer before hiring one.
Here are the main reasons why startups need lawyers;
- To help you run your business in a way that doesn’t violate government regulations.
- Guide you in your interaction with customers, suppliers, employees, and the general public.
- If you form the company with several other people, you need a lawyer to help you draft the rights and expectations ahead.
#3. What’s the Cost of Hiring a Lawyer?
Most lawyers bill you per hour. And for a startup like yours, you should get a trustworthy and experienced lawyer at a reputable law firm.
Once you have an idea of the cost of hiring a lawyer, you can now hire one based on your experience.
#4. Prioritize Your Legal Needs in Order of Importance
For a startup with a small budget, you can prioritize your legal needs and focus on them in order of importance. Some of the pressing issues in your startup that require urgent lawyer attention are;
- Establish a business entity like LLC or Corporation to protect you from business liability.
- If the company has multiple founders, get a lawyer to establish the ownership and equity rights of the company.
- Protection of your startup’s intellectual property.
These are the first 3 people to hire when starting a business. With these people on your team, your startup has a higher chance of success.