Disclaimer! :
It is my first blog so apologies in advance on any error and wish to
get maximum comments and inputs on getting better and improved.
A little more than 50% start-ups fails in the first 4 years of it's
beginning.
Some figures from the research in 2011 States :
Only 4% made it to the second year and 3% to the fifth year of it's
foundation.
Jayson DeMers, Founder and CEO, AudienceBloom has mentioned about top “20
Factors That Predict Startup Failure” - https://www.entrepreneur.com/article/308447
If closely studies, there are the human aspect related to it. So is the
Human Resource Management, the need of the start-ups?
When we talk about factors and challenges that a start-ups face during
it’s survivals and growth are much due to following reasons as well :
In start-up, The CEO / Founder is responsible for the success or
failure of the company. Primary responsibilities of the CEO / Founder include
making major decisions, Forming operational strategies, managing resources of a
company.
When CEO / Founder is expected to perform such complex role and
responsibilities, how is he/she expected to be focused on trivial issues of day
to day operations including HR but definitely these aspects have high impact on
his other achievements. He/She absolutely is likely to divert it’s attention to
people concerns. Employees are the most critical asses of any organisation.
Here are the common issues faced by any CEO / Founder on Human aspects of
a start-up:
One need to focus and address these common issues in order succeed and
move to the next level.
Here we have mentioned about the challenges and common issues and I
would like to invite the suggestions, comments or arguments to get into more
details of Human Resource Function of any Start-up.
In my next article, I would like to mention more about the ways and
approached to address these challenges.
Inputs welcome J
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