Why Start-ups need Executive Search

Start-ups are known for their innovative products and services, their agile and lean approach to business, and their ability to disrupt established markets and industries. It is the dream of every founder and investor to successfully launch a start-up business and make big money.
However, the reality looks different:
More than 90% of start-ups fail, i.e. 11 out of 12 companies
More than 70% of start-ups fail, even when supported and funded by professional Venture Capital firms

Why Start-ups need Executive Search

Start-up specialities

Start-ups are different from established companies in many ways. They have a unique vision, culture, and strategy. They operate in a fast-paced and uncertain environment. They need to innovate, scale, and compete with limited resources and time.

Many start-up founders are experts in their fields, but often they don’t have the HR expertise and experience to build and lead an organization, nor do they have the time to form a professional and diverse team that can execute their vision and strategy. They may also neglect or underestimate the importance of human resources (HR) in general, such as talent acquisition, retention, development, and company culture. As a result, they may miss out on hiring the best candidates and their team will never as good as it could be.

Need for Executive Search

In reality, without professional HR support, start-ups tend to just always fill upcoming gaps, but they do not have the leadership expertise and know-how to develop teams and scaling up the company and its infrastructure. Here the clear need for professional Executive Search arises, in order to identify and find those exceptional individuals who develop a solid business platform and can drive growth and innovation. Those, who can:

  • Align the team around a common vision and mission
  • Inspire and motivate the team to perform at their best
  • Adapt and respond to changing market conditions and customer needs
  • Solve complex problems and make sound decisions
  • Communicate effectively with internal and external stakeholders
  • Foster diversity, a culture of collaboration, learning, and feedback
  • Attract, retain, and develop top talent

Where to search?

However, finding and hiring such talents is not easy. It requires a lot of time, effort, and expertise. It also requires a different approach than hiring for other positions.

This is where Executive Search Headhunters can provide valuable support and guidance. They are specialized in understanding business and will focus on identifying and attracting top-level management and leadership talent for their clients. They have access to a wide network of potential candidates, as well as the tools and techniques to reach out to them through social media and employer branding. They also have the expertise and experience to assess the fit between the candidates and the company’s culture, values, vision, and goals.

Benefits of Executive Search

Executive Search Headhunters can help start-ups in several ways:

  • They can help define the roles and responsibilities of the key positions that the start-up needs to fill, as well as the skills and competencies required for each role
  • They can conduct a thorough market research and analysis to identify the best candidates for each position, both locally and globally
  • They can approach the candidates in a discreet and professional manner, highlighting the benefits and opportunities of working for the start-up, as well as addressing any concerns or questions they may have
  • They can facilitate the interview process, providing feedback and advice to both the start-up and the candidates throughout
  • They can assist with the negotiation and closing of the offer, ensuring that both parties are satisfied with the terms and conditions
  • They can support the onboarding and integration of the new hires, ensuring that they feel welcome and engaged from day one.

Conclusion

Instead of doing own recruiting activities by “trial and error”, start-ups can benefit a lot from the professional support of Executive Search headhunters. They will save time, money and resources that they can invest in other aspects of their business. To attract and hire the best talent can be done professionally only by professionals and not “by the way”.

DELTACON Executive Search – we are prepared for your challenges!

  • DELTACON Partners come with an in-depth managerial and sector expertise
  • DELTACON Partners are “insiders” with a strong network
  • DELTACON Methodical competence measuring the cultural fit of candidate and company

We are looking forward to supporting you.

Please also visit our DELTACON homepage www.deltacon.com

Source:
Is It True That 90% of Startups Fail? (nanoglobals.com) – Patrick Ward Jun 29, 2021

Von Thomas Heeger

Personalberater für Pharmaindustrie, Medizintechnik und Diagnostik

Thomas Heeger ist Gründungspartner von DELTACON und Managing Partner von DELTACON an unserem Standort in der Schweiz in Zürich. Sein Competence-Center umfasst den Life Science Bereich mit den Branchen Pharmaindustrie, Medizintechnik und Diagnostik. Als „Brachen-Insider“ mit mehr als 20 Jahren Management- und Leadership-Erfahrung in führenden Unternehmen kennt er das Business in internationalen Konzernen, deren Filialen, aber auch die Bedürfnisse und Thematik in innovativen Life Science Start-ups.