In today’s episode of The Startup Chat, Steli and Hiten talk about how to hire interns and the things to consider before you do. They share their advice on the mindset involved in working with interns and how to hire the right people so that they benefit your startup.
An internship is a professional development training opportunity, where interns gain experience and exposure to their chosen industry. Because interns tend not to have industry experience, you can offer them a placement within your company for an extremely inexpensive cost. But interns are not just low cost help, your internship should provide structured training and development with defined goals and measurable outcomes. This should be a mutually beneficial agreement for employers, and interns.
Tune into this week’s episode of The Startup Chat to learn about the benefits of internships for the intern and the employer. As well as hearing about Steli and Hiten’s personal experiences where they talk about the benefits and pitfalls of working with interns.
Time Stamped Show Notes:
00:47 The secret to the success of The Startup Chat.
02:20 The new format for The Startup Chat.
03:48 Manage the expectations of your intern before hiring them.
05:06 The wrong way to think about interns.
05:12 The right way is to focus on building a relationship.
05:45 Focusing on two way value creation.
07:20 The mistakes startups make when hiring interns.
08:12 The mindset when hiring an intern.
09:07 Considering the benefits on offer.
10:28 The ‘Right’ intern mindset.
3 Key Points:
Think about the intern and what they are going to get and start there
Don’t lower your standards when it comes to hiring an intern
You should only give someone an intern job if you would also hire them full time
Steli Efti: Hey everybody this is Steli Efti.
Hiten Shah: And this is Hiten Shah. Today, on the startup chat, we're going to talk about how to hire interns.
Steli Efti: And how to make that work for a startup particularly. How do you do that in the right way? Well, before I let you talk about this because I cut you off here. I love doing that once in a while.
Hiten Shah: Yeah. Yeah. All good. Go for it. Yeah.
Steli Efti: I wanted to actually give a shout out to and build a bit of behind the scenes for all our loyal startup chat listeners. Because we got an email recently in our inbox, Hiten and I got. We hear from you guys regularly. We love to hear from you. We love to get email from you. This founder basically just gave us some props. He was asking, he was saying, hey, eventually he wants to launch a podcast himself. He was asking us, "Hey. How the hell do you do it that you put so much knowledge with so little BS in 15 to 30 minute episodes? Are you recording a whole hour and you're editing it down? Are you having a system with a Google doc with lots of questions with what you're going to say and what Hiten's going to say? Is this really well scripted, because I realize" ... And this is his words, I don't like to brag myself, but I'll do it here. In Eric's words, "The concise focus of your podcast is unmatched, and I'd love to one day be able to create something similar." Thank you for the nice words. I posted a screen shot of his email, and I told people the secret to our success is very easy. All you have to do is have a combined 30 plus years of startup and entrepreneurial experience and a daily routine of creating content, videos, podcasts, writing copy, newsletters. And then it's easy to do. Because in almost 300 episodes, we have never scripted a single thing, we have never really prepared for a single episode, and we've never edited a single second out of it. It's all, one person throws out a topic,