Statistics show that the reasons for the startup failure can be not only evident, such as non-demanded goods on the market or too high competition, but also completely unobvious. Entrepreneurs rarely take them seriously, which leads to dire consequences. One of these reasons is hiring the wrong employees
. For startups, this is critical. Incorrect selection of personnel in a startup causes almost a quarter of projects to fail.
According to data collected by Startup Genome
, 92% of companies that scale prematurely by hiring too many people too early are not able to solicit more than 100,000 customers and subsequently collapse. So do 70% of companies. On the other hand, many startups select staff poorly and afterwards suffer from their incompetence.