Lack of money not the only problem for new start-ups

Lack of money not the only problem for new start-ups

Many New Jersey business owners will agree that money can be a huge hurdle in getting a new business up and running. However, it is not the only problem a company faces, and for many, it may not even be the biggest problem. More and more start-ups are having trouble recruiting and finding the right employees for their companies.

This is especially true in the computer and technology fields. Start-ups must compete with Microsoft, Amazon and other well-known companies. Nonetheless, many people are choosing to work for start-ups. Seattle start-up Everymove has recruited 25 percent of its recent hires from top companies.

Start-ups complain that the problem lies with, not only finding the best talent, but also finding the best overall fit for the company. Start-ups tend to be small. Many start-ups have fewer than a dozen employees, so every person that is hired must fit the company's needs in as many ways as possible. Recruiters use a variety of online tests and tools to size up candidates to ensure they are the perfect fit, before extending an offer of employment.

Many new businesses focus only on securing enough money to pay for their various costs. However, ensuring that the company is well-staffed is a concern that must be dealt with early on as well. A company is only as good as its employees and start-ups are looking for the best of the best. Although working for a start-up can be risky, it can be rewarding once the business model is proven, and the company becomes profitable.

Seattlel, The Seattle Times, " Startups know the tech talent pool isn't drying up," Brier Dudley, March 4, 2013.


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