I'm running a small IT startup (private firm), funded from my own pocket. We are working on a development project, which is not yet generating income. So far I've hired 3 employees with a 1-year contract. This was the "budget" I was willing to commit to. Current progress is OK but could be better.
Now, I've received an open application from a young, but promising candidate. (Based on CV). I have the feeling his skills can speed things up. Hiring him would also imply increasing my risk, so he better be good.
Basically, I'm interested in a conversation but I'm not sure if I'm willing to hire altogether. Also, I feel responsible for my employees. This person seems to be leaving a job with a career possibility behind for something riskier. (Unlike the current employees)
Should I inform the candidate about this situation? Perhaps before the interview, to manage expectations?
Edit Current employees are aware of the company's state. They joined at the beginning of this production and are also involved in design decisions. This is more about the "new" candidate, which seems to be very motivated to join my company (at least on paper). I wonder if he's aware what he's getting into and at which stage I should ask/tell him.