To Hire or Not to Hire

If people are the most valuable asset of an organization, then hiring new team members should be the most important effort within a company. Unfortunately, the hiring process is often neglected, not properly organized, and/or left to HR. If you have been part of a team to which an unqualified member has been added, then you probably know what we’re talking about.

While there are numerous, complex hiring techniques, there are only two things you need to remember:

  1. Become involved in the hiring process (especially when your team is looking for new members)
  2. Only hire “smart people who get things done,” as advocated by Joel Spolsky of Fog Creek Software

Joel Spolsky has written several articles on the importance of the hiring process and how to find smart people who get things done.  While his articles pertain to Software Developers, his principles can be applied to any discipline.  See below for links:

  1. How to find great developers (Published: 09/06/2006)
  2. How to sort through resumes (Published: 09/08/2006)
  3. How to phone screen applicants (Published: 10/24/2006)
  4. How to interview applicants (Published: 10/25/2006)

Larry Page: Tips for Entrepreneurs

Larry Page advises entrepreneurs to pursue a really good idea that is good regardless of the funding situation. He further stresses the importance to building a great team and being an expert in what you are doing.

A healthy disregard for the impossible or, in other words, the push for aggressive goals is another advice Larry has for entrepreneurs. Part of his argument is that aggressive goals tend to get more assigned resources. A large pool of resources, however, might not necessarily resemble the common situation in new companies thus challenge the generality of this advice.

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What is The Best Time to Start a Company?

According to Jerry Kaplan, the best time to start a company is when nobody thinks it’s possible. Usually, it takes one to three years from the founding of a company to a serious venture capital round, so less consideration should be given to the current business conditions. Jerry backs his argument with anecdotal evidence from his own experience with an Internet auction company. Due to the lack of interest, they were forced to put their own money at work in their new venture, which eventually led to a big positive impact on their reward.

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