Some Difficulties Recruiting Employees For A Small Business
Despite what many would perceive as reality, owning one's own business has a significant amount of downsides. Regardless of the fact, these are all downsides that can be mitigated with hard work, intelligent marketing, consistent problem solving via trial and error and fantastic salesmanship. On the flip side, going into business for oneself can often be stressful, at times feel overly competitive and, moreover the "solitary" work can leave one with a feeling of abandonment as there is little to no way to obtain real-time second opinions or feedback on the fly. Finding good mentors is heavily suggested for the entrepreneur, but they can only carry so much weight; they can't run the business for you. After listing the plethora of aforementioned hurdles, I strongly encourage one to become a self-starter and entrepreneur. To me, there is no other way. Below you will find some variables that, upon opening your own business, will prove to be frustrating and occasionally mentally taxing. If you decide to heed my recommendations and explore, embrace and work the entrepreneurial route, prepare to deal with the downsides that you inevitably are going to become aware of and accustomed to. More importantly, embrace these initial disadvantages as living with them will prove to be the foundation of your success. Difficulty Recruiting Upon Growth Start-up businesses consistently have trouble recruiting the best talent for a few reasons: 1. With the current status of the United States economy, potential employees are more apt to gravitate towards companies that offer employment stability. To the people whom you are recruiting, your firm does not offer this. The majority of the time, no matter how much you believe you can prove this to be inaccurate. On the flip side, in a way, rejection by some with regards to employment acceptance is also a positive as, being an entrepreneur, you are only going to want to surround yourself with others who have the same or similar entrepreneurial mentalities. 2. Your budget for hiring will probably be smaller than that of your competition's allotment for new hires. Because of this, be cognizant of the fact that you are going to have to alleviate the need for immediate fiscal benefit returns from the other employers and make a compelling case as to why the individual should work for you despite a substantially lower paycheck. 3. Upon attempting to bring on your first group of employees, as a business owner, you are going to have to recruit at an initial disadvantage because your firm will, more likely than not, lack the name recognition that your competitors currently enjoy and leverage to acquire the employees that you are going to want. Building brand recognition takes time, hard work and patience. Although it is necessary and there's not too much you can do, recruiting before you do get the industry recognition, undoubtedly puts you at a disadvantage. Conversely, aside from some small variables, what doesn't prove to be a disadvantage to a small, start-up organization? This a hump that all successful entrepreneurs have to deal with and, essentially must overcome.
Have a question for Ken or want to leave a comment?