Ethics and Startups

Start-ups face extraordinary challenges in terms of ethics as compared to large corporations. Because start-ups are so small with little press or oversight, ethics can be one aspect where they fall short. Additionally, due to the financial nature of start-ups, they may be under other pressures of investors to rapidly get a product to market that can compromise ethics and long term effects of decision making. What can you do to combat these pressures? At the lowest level, hire employees with strong morals and ethical backgrounds that align with the company. Stopping ethical dilemmas at the grassroots level stops issues from rising to the top. Choose investors that ethically align with you,your mission statement and your company values proactively takes ethics as a business decision off the table. Revisit your mission, vision and values when making big decisions that can impact the ethics of the company. Assemble a board that is rooted in their morals and has had a record of ethical decision making. A combination of these actions can reduce the scrutiny by the public, press and customers.

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