Hiring different types of employees can be a confusing but critical step in a startup’s growth plan. In deciding whether to hire a consultant or an employee, consider the pros and cons to see what best meets your startup’s business goals.
A consultant is someone who can provide you with expertise for many business decisions. They can be anything from a sounding board to your project leader. Whatever your requirements, there is expertise available, locally or globally.
Your startup can reap some strong benefits from hiring a consultant:
Relying on a consultant may also have some drawbacks:
If it’s stability that your organization requires, choosing to hire a full-time or part-time employee typically gives you the consistency, dependability and availability that you desire. If you need your employee to work on a particular project, your ability to control and manage quality and deadlines would be greater than in the case of a consultant. An employee will be motivated to focus on your goals, rather than those of other clients.
Despite the pros of hiring an employee, some key disadvantages can exist:
Choosing between hiring a full-time employee or a consultant should be based on your business needs. Review your startup’s budget and priorities to determine the right hiring decision.
Remember that what is right for you now may change as your startup grows and evolves. Study all of your options. This includes evaluating all the candidates and their strengths and “fit” with your current business stage. This will help you make the right hiring decision to achieve your business goals.