Question

Steve Pekins developed and launched a successful smartphone app that helps people manage their finances. He just received funding and plans to develop several additional smartphone apps that deal with personal finances, investing and planning for retirement. Steve will need to hire several employees to ramp up his company and is concerened about making smart hiring decisions. Up to this point, he's been his company's only employees. Steve's question to you is :" what are the factors I should be thinking about in terms of building my management team and roster of employees?"

Answer 1

In such a situation Steve needs to be planning for expansion and this would be a gradual process but the organization should start accordingly so that the organization does not experience challenges in the future to a great extent as well. I personally believe that there are majorly three or four aspects that needs to be looked after here and they are technical employees, business employees, financial team and a leader. The technical employees will look after the architecture, design and development whereas the business employees will look at the bringing in more business and client acquisition as well. The financial team will look after the business' finance, cost and expenses in order to make it effective as well. The leader will drive the organization and the pool of employees to success through the right path that they need to follow in this context.