When you have hiring needs, it’s easy to start interviewing before understanding the salary landscape. Many entrepreneurs make that mistake. A lot try to fit their hired to their budget. In fact they end up losing on great talent when they take that approach. It’s better to understand what salaries look like before even talking to the first candidate. It saves time and helps you find the right people and pay them what they’re worth.
Most business owners get so caught up in the hiring process and the search for great talent, they often forget about after the hire. Getting them is a lot easier than keeping them. How you treat your employees will determine how long they stay and how loyal they will be. In this episode I talk about the things you can do to keep your employees engaged, happy and loyal.
I made a post on social media the other day. I said “If you can’t take a 2 week vacation and be off the grid and the business can still run smoothly, you have a leverage problem. If you are not looking to build a company that is independent of you, this episode is not for you.
I have been stressing since forever the power of building a team. Most times I get favorable responses, but every now and then I get the peanut gallery who want to stay small justify all the reasons why they shouldn’t hire.
I’ll guess that right now if you’re listening to this episode you don’t have the luxury of stepping away for any amount of time. Whether a vacation or an emergency, stepping away now would severely handicap your business and earnings. Mostly because you have build a business that is heavily reliant on you, instead of building a company that can be autonomous. Is it fear? Is it the desire to NOT be responsible for other people? Is it that you want to be the center square in the business? Well whatever it is, if you have any goals of building a successful profitable company, you need a team. What that team looks like depends on you and the vision for the company.
Today I’ll talk about operational leverage and building a solid team. I’ll share my own tips and when I got to the point that leveraging a team was priority one.
