Human Resources

By Spartina, Posted 08/03/08     Add your comments

Great people build great products. Hire great people and you’ll have a great exit.

Many great businesses start off as a sole proprietor, and no employees. However, when demand for products and services begin to exceed the capacity of one person to meet the need, it’s time to get some help. Creating a staff can be as simple as using free-lance contractors on a part-time basis, to a sophisticated employee-payroll relationship, including benefits and taxes.

As your company grows, the decision on how to handle the legal and financial aspects of employees is crucial. The goal is to create a system that is supportive to your employees without draining your time and financial resources. As you grow even bigger, smart decisions about issuing stock options, and creating competitive packages will help you keep valuable employees.

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