PrincePerelson & Associates

What are the first five employees you should hire for your startup?

Are you ready to take your idea off the drawing board and into the open market? Then you might want to consider building your startup team now to ensure a smooth transition from dream to reality. Entrepreneurs from all over offered suggestions on who you’ll need to bring on board for your best shot at success. Read on to find out what they had to say:
Trey Ferro

Trey Ferro

Trey Ferro is the CEO of Spot Pet Insurance.

CFO, HR Manager, Salesperson, CSR, and Digital Marketer

All startups need a CFO, an HR Manager, a salesperson, a customer service representative, and a digital marketer. These five jobs cover money, people, money, people, and advertising, respectively, and are imperative for a functioning business. You and your co-founders are in charge of design, production, and leadership, but these first five employees are needed to turn your idea into a reality.

CEO, Sales Manager, CMO, CFO, & Customer Service Representative

The first five positions that need filling when you are building your startup include CEO, Sales Manager, Chief Marketing Officer, Chief Financial Officer, and customer service representative. Do not waste time between these hires, as they all must work together to help fuel your startup forward in its development process.

Daivat Dholakia

Daivat Dholakia

Daivat Dholakia, VP of Operations, Essenvia.

Brian Lim

Brian Lim

Brian Lim is the Founder and CEO of iHeartRaves.

VP of Marketing, VP of Sales, CTO, CFO, CEO

When you found a company, you want to set it up for success. You may have the passion and the drive to do everything yourself, but you’re not going to have the time or energy to get all your tasks done. That’s why it’s important to build a team full of competent people you trust. But who are the first people you should be hiring to be part of your company and what roles should they play?

Some general roles that are important for most startups include a CEO, CFO, CTO, VP of Sales, and VP of Marketing. Additionally, it is often important to have someone with experience in law or finance, as well as a developer or engineer. While the exact employees will vary depending on the business, these are typically some of the most important positions to fill in a startup:

    ● Chief Executive Officer (CEO): The CEO is responsible for the overall strategy and vision of the company. They must be able to articulate the company’s mission and values, and build a team that can execute the business plan.

    ● Chief Financial Officer (CFO): The CFO is responsible for the financial health of the company. They must be able to raise capital, manage cash flow, and create financial reports.

    ● Chief Technology Officer (CTO): The CTO is responsible for the technology of the company. They must be able to develop and implement technical solutions that meet the needs of the business.

    ● Vice President of Sales: The VP of Sales is responsible for generating revenue through sales. They must be able to identify target markets, create sales strategies, and close deals.

    ● Vice President of Marketing: The VP of Marketing is responsible for creating awareness and demand for the company’s products or services. They must be able to develop marketing campaigns, track metrics, and analyze data.

Product Manager, CMO, CEO, CTO, & CFO

A product manager is an important hire for a startup. The founder of the company usually acts as a product manager in the beginning, but it’s important to hire a separate individual for this position so that the founder can focus on other business matters, versus focusing solely on the product(s).

A CMO (Chief Marketing Officer) is also important for startups to hire. You’ll need to get the word out about your startup and your CMO will be in charge of all things marketing in the beginning. This position is important, as your marketing can make or break your startup.

A CEO is needed to oversee everything that goes on within the startup. This can be taken on by the founder, but it’s also advantageous to hire an additional CEO to help oversee everything.

A CTO will help you get everything tech-related running smoothly, which will help your business run smoothly from the very beginning. Most startups will fail, so setting yourself up to succeed right from the beginning will give you an edge over the competition.

A CFO will be able to keep an eye on funding and make sure that you’re not unnecessarily bleeding money where you don’t need to be. Startups are notoriously expensive, so keeping a close eye on your finances is always a good idea in the first few years.

Kyle MacDonald

Kyle MacDonald

Kyle MacDonald, Director of Operations, Force by Mojio.

Brandon Wilkes

Brandon Wilkes

Brandon Wilkes, Marketing Manager at The Big Phone Store.

Human Resources Manager, Financial Manager, Sales Manager, Marketing Manager, & Business Manager

1. A Business Manager – This person will be responsible for the overall operation of your business. They will oversee the day-to-day operations, develop and implement strategies, and ensure that the business is running smoothly.

2. A Marketing Manager – This person will be responsible for creating and executing marketing campaigns. They will need to be able to generate interest in your product or service and convert that interest into sales.

3. A Sales Manager – This person will be responsible for driving sales. They will need to be able to identify potential customers, and then close the sale.

4. A Financial Manager – This person will be responsible for the financial health of your business. They will need to be able to track revenue and expenses and make sure that your business is profitable.

5. A Human Resources Manager – This person will be responsible for managing your employees. They will need to be able to recruit, hire, and train employees, and handle any employee relations issues that may arise.

Marketing Director, Financial Manager, Business Development Manager, Sales Manager, & CTO

Here are the first five employees you should hire for your startup:

1. A CTO or Chief Technical Officer to oversee all technical aspects of the company and help you make product decisions. Technology is often the most critical part of a startup, so you need someone who can ensure everything runs smoothly and is up to date. Make sure your CTO is well-versed in the latest trends and can offer innovative solutions to problems. This way, you can avoid any major issues down the road and progress steadily toward your goals.

2. A Marketing Director to lead your marketing efforts and get the word out about your product or service. An effective marketing strategy is essential for any startup looking to succeed. Your marketing director should be able to develop a plan that targets your ideal customers and helps you stand out from the competition. They should also be experienced in various digital marketing channels and understand how to use them to the business’ advantage.

3. A Financial Manager to keep track of your finances, prepare financial reports, and manage your budget. This is especially important for startups as they often have limited resources and must be very mindful of their spending. A good financial manager will help you make smart decisions about where to allocate your funds and how to grow your business sustainably.

4. A Business Development Manager to help you secure partnerships and grow your business. A strong business development strategy can make a big difference for a startup. Your business development manager should be able to identify potential opportunities and help you pursue them. They should also have a deep understanding of your industry and be able to provide valuable insights that can help you make strategic decisions.

5. A Sales Manager to lead your sales team and ensure they are meeting their targets. A good sales manager will help you develop a comprehensive sales strategy and set realistic goals for your team. They will also be responsible for training and coaching your salespeople, so they can be as effective as possible. Startups need to generate revenue to survive, so a strong sales team is essential.

Meyr Aviv

Meyr Aviv

Meyr Aviv, Founder & CEO of iMoving.

David Zhang

David Zhang

David Zhang, CEO of Kate Backdrop

Web Developer, Marketing Expert, Financial Analyst, HR Manager, and Salesperson

Thinking about your business is like building a house. You have to have a good foundation. Otherwise, the whole thing could crumble. The same is true for your startup. You need to ensure you have the right people in place from the beginning to set your business up for success.

Here are the first five employees you should hire for your startup:

1. A good salesperson: A startup needs to generate revenue and grow its customer base, so a good salesperson is essential. They will be responsible for generating leads and closing deals.

2. A marketing expert: Marketing is key to getting your brand and growing awareness of your product or service. A marketing expert will help you create and execute a marketing plan to reach your target audience.

3. A web developer: A website is essential for any business in today’s digital world. A web developer will build and maintain your website, ensuring it is optimized for search engines and user experience.

4. A financial analyst: A startup needs to be mindful of its finances and cash flow. A financial analyst will help you track your income and expenses and forecast future needs.

5. An HR manager: You will need more employees as your business grows. An HR manager will handle the recruitment process, onboarding, and training of new staff.

If you want your startup to be successful, you need to find individuals that fit the following roles. Your business will have a much greater chance of success by taking the time to do so.

CEO, COO, CMO, CRO, and Production Manager

    1. Chief Executive Officer (CEO) – the highest-ranking executive in a business and supervises the entire organization. They need to be someone who has vision and is a firm decision-maker—a leader who’s not just determined but also skilled in encouraging and motivating subordinates.

    2. Chief Operating Officer (COO) – the second-in-command in a company who oversees the daily operation to keep business on track. Their findings are directly reported to the CEO. A few of their jobs are implementing policies and promoting company culture and vision.

    3. Chief Marketing Officer (CMO) – is considered a strategist who analyzes long-term strategies and short-term goals. Their tasks are to administer the planning, development, and execution of an organization’s advertising initiatives and marketing approach.

    4. Chief Revenue Officer (CRO) – needs to be a financial expert. A CRO supervises all revenue-generating components of an organization. They are also responsible for connecting to various revenue-related functions such as marketing sales, pricing, customer success, etc.

    5. Production Manager – is an industry expert. They oversee the vision’s growth, manufacturing, and delivering the company’s goods and services. A production manager is also one who assesses projects and resource requirements, ensures safety regulations are met, determines quality control standards, etc.

Ben Grindlow

Ben Grindlow

Ben Grindlow, Founder of ProXpn.

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