Skip to content

Money, risk and the first hire

Starting something is a financial decision long before it is anything else. Some of the most useful early choices are also the least glamorous.

People who start businesses tend to be asked about vision. Fewer are asked about the dull, decisive questions: how long the money lasts, who will be paid first, what happens if the first client leaves.

These questions matter more for founders without family wealth behind them, because the margin for error is thinner and the cost of a mistake is more personal.

That is not a reason to avoid starting. It is a reason to plan with open eyes and to say the numbers out loud to someone you trust.

The first hire

Hiring the first person changes the nature of the work. You are no longer only responsible for your own time. Choose someone who is honest about what they do not know and willing to learn quickly.

Your first hire is a decision about who you want to be accountable to.

Elikia Editorial

Cheap and fast rarely works twice. Careful and clear usually does.

In this story
Filed under
Editorial note

Stories on Elikia are reported and edited with care. Partner content is always labelled.

gaelle

About the author appears here once a contributor profile is linked to the story.

Join our community

One letter. Many stories.

Stories you would not have found, voices from across the diaspora, and notes from the people who make Elikia. Free, and you can leave at any time.

Free. No spam. Unsubscribe any time.