Highlighting difference between mindset of an entrepreneur and a salaried person

By Nadeem Hussain
(Pakistan News & Features Services)

The gist of my argument is that human resources are even more critical for startups as there is no margin of error. 

 The selection of people is even more important. A great performer at a company who works for a salary may not work out for a startup. 

The startup involves risk, absence of a safety net and they require haircuts in salary. Not everybody is cut out for it. 

My recent experience is that two of my high performers from my previous company who had joined me, left for a salaried job. In a startup you must have faith in yourself and your partners. 

Great wealth is not created from the safety of a salaried position. To make serious money one has to take risks, one has to be fearless, one must have the resolve. 

While all these character traits are required in a salaried high performer, in a startup they are critical. 

**The writer is the Founder and Coach of Planet-N Group of Companies and Pakistan Microfinance Network, having previously headed Tameer Microfinance Bank and Citigroup.