bennylope + hiring   14

The Naive Optimist • Hiring Employee #1
This will be determined primarily by profitability and cash in the bank. I’d recommend waiting to hire your first employee until you’ve …

Built up at least three months of cash in the bank. Take all the company’s monthly expenses (include your salary as the owner) and multiply by three. Eventually you want this number to be 12 months, but that’s a lot harder to do.
Reached net profitability each month. You can squeeze by with just breaking even, but it’s a good idea to be generating a few thousand dollars of net profit per month before you hire that first person. 

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I’d recommend waiting until you’re overwhelmed with your work. You should be doing all the customer support and marketing yourself (and the design and dev if you didn’t use freelancers) in the beginning. Once it’s clear that you can’t keep up, it’s time to hire your first person.
hiring  advice  business  startup 
july 2012 by bennylope
Recruiting programmers to your startup - Chris Dixon
Software development is a creative activity and needs to be treated as such. Sometimes a programmer can have an idea on, say, the subway that can save weeks of work or add some great new functionality. Business people who don’t understand this make the mistake of emphasizing mechanistic metrics like the number of hours in the office and the number of bugs fixed per week. This is demoralizing and counterproductive.
hiring  startup  careerism  creativity  programming 
december 2011 by bennylope
Dee Hock, the Founder of VISA International - GOOD2WORK
Hock says: “Hire and promote first on the basis of integrity; second, motivation; third, capacity; fourth, understanding; fifth, knowledge; and last and least, experience. Without integrity, motivation is dangerous; without motivation, capacity is impotent; without capacity, understanding is limited; without understanding, knowledge is meaningless; without knowledge, experience is blind. Experience is easy to provide and quickly put to good use by people with all the other qualities.”
hiring 
august 2011 by bennylope
How to evaluate a non-technical co-founder - Hirelite Blog
* Domain experience
* Marketing ability
* Product skill
* Respect for development
* Startup experience
* Relevant connections/experience
entrepreneurship  advice  hiring  partnership 
march 2011 by bennylope
How do you avoid hiring the wrong people for your start up? - Quora
1) Filter out the assholes
2) Find believers in what you do

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Another thing CEOs tell me: "hire people with a bias for action." In other words, hire people who get stuff done, who build stuff, and ship often. They tell me "the best predictor of what someone will be like in the future is to look at their past."
hiring  management  business 
january 2011 by bennylope
Bob Sutton: Selecting Talent: The Upshot from 85 Years of Research
The upshot of this research is that general mental ability (IQ and related tests) was the best predictor and work sample tests (e.g., seeing if people can actually do key elements of a job -- if a secretary can type or a programmer can write code ) were the second best of the 19 examined. Here is the rank order of the 19 predictors examined:
management  careerism  hiring 
october 2009 by bennylope

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