Consider the following: Starting up on a tight budget Outsourcing isn't an option The job is for long hours

What would you suggest startups to do, in order to hire the best people without burning so much cash?

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Posted by:
Wessam Mostafa
11-January-2015

Consider the following:

Starting up on a tight budget
Outsourcing isn't an option
The job is for long hours

Startups Consulting Social Entrepreneurship Entrepreneurship SME management

Question added by Abdullah Kutbi , Senior Consultant , EY - Ernst & Young
Date Posted: 2015/04/24

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1 Answers

by Bilal Ahmad , Access to Finance Advisor , National Business Development Program - SMEDA

Hiring great minds isn't that easy. The best idea for the startups for hiring really talented people is to offer them some share in the equity so that they can work on a nominal price that a startup can afford.

It will help the young business in a multiple ways including: minimal cash drainage, full involvement of the resource as he/she has a sense of ownership, low staff turnover to offer the ship a real sustainability etc.

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