1. Finding potential Good employees

2. Inspiring them to do their best for your company

3. Keeping them motivated so they don’t move to another company

Human Resources: People make the difference !

Job descriptions

What will this new employee be responsible for?

Part time/ full time? Where do they fit in

the organization?View sample job description:

http://www.careerplanner.com/DOT-Job-Descriptions/MANAGER-DEPARTMENT.cfm

Where can you find Good employees? Make use of your

network. Ask people you know if they know someone who is good at XYZ

Personal recommendations are valuable to employers.

More sources for finding people.

Local school, college, or university.

Employment Agencies Temporary employment

Agencies Government

Employment Agencies Newspapers Internet Employment

services.

Selection Process Now you have some

applicants its time to… look at/ sort resumes Interview applicants

– What Questions would you ask?

Check references.

Hiring Decisions for EntrepreneursDecide who you need to hire. Develop a

job description? Selection process?What skills will they need to compliment

your skills and grow the venture?Will they be part time, full time,

permanent, contract employees?How much can you pay?What benefits, incentives can you offer?How will they be trained?

External Venture Team

Advisors, consultants, support groups who can offer advise and services to help entrepreneurs

Lawyers– Choosing best form of ownership– Register business name.– Advise knowledge of laws and bylaws.

Banker– Financial Advise– Loans, business suggestions

External Venture Team continued

AccountantOfficial Financial StatementsTax preparation and Advise

Real Estate agentLocation selectionSpace required, parking, zoning, construction

Insurance Agent or BrokerType of insurance, protect property, assets.Liability.

Management ConsultantsIn business to help entrepreneurs manage their venture at all stages of the Business cycle. Introduction, growth, maturity, decline.- access to specialists in many areas.