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How to spend it — part 3
Hiring the First Employees
It’s not that simple
There were times when we had enough money, and the biggest challenge was finding the right people to hire. But that’s a later phase. Let’s talk about the first phase, when you can barely do all the work and funds are not sufficient to hire enough people and pay adequate salaries.
Does this situation sound familiar? It does to me. I suppose it is quite normal to go through such situations in the beginning. I’ve been through it many times, and here’s what I’ve learned.
Masses of work cry out for helping hands — or better not?
It sounds like a fair equation. The number of tasks divided by what one person can do equals the number of people needed. Unfortunately, this equation never adds up.
Let’s imagine a young startup. The founders know exactly what they need to do. Even in a team, only a limited amount of coordination is required. Days are filled with work, and the team takes it one step at a time. It could go faster, and the work could get done better if there were more people, couldn’t it?
