Most Missed Startup Critical Success Factor

20% of startups / small businesses fail in the first 5 years because of this one reason…

Startup Founders / Small business owners – must read this…

One of the most critical success factors for a startup/small business is completely sidelined.

People make or break a business; 90% of startups fail in the first 5 years and 20% fail due to people problems.

Startups are unable to attract, hire, manage and retain Top Talent as Co-founders or the Core team members.

Similar to Sales & Operations – The best time to hire a full function CHRO and the HR team is when you start the business. But, hiring a full-function HR team headed by a CHRO, job portal subscription, job advertisements, etc would cost a minimum of 30 Lacs per anum – that is not affordable for any startup/small business.

Due to very high fixed cost, infra, systems, and time requirements Founder themselves to get involved in HR/Recruitment related tasks or land up giving this responsibility to junior HR/recruitment staff. This takes away the most required focus of the founder from their core and critical business activity and also they get mixed results because none of them are experienced in HR/recruitment matters.

So what is the solution to this most critical issue? What are you doing to take care of this issue?