My 7 Business Mistakes: #4 Hire Slow and Fire Fast
In this episode, we continue our dive into Gary's 7 Business mistakes he had made over the years so that you don't make them too! In this episode, we look into people and more in particular hiring people. Gary thinks this is the hardest thing about growing any business is getting the right people. If you enjoyed this episode, please leave a rating and review and we will see you on the next episode of the Financial Pro Podcast.
What Is Covered:
- People are the hardest part of growing a business.
- Don't recruit people that are just like you.
- The first person you hire needs to have the opposite skill set to you.
- I let my best mate buy into my business (bad Idea)
- People need to be monitored.
- Culture drives the tram.
- You need to sit with people and train them for at least a week.
- Can you help them achieve their dreams and goals?
- Just because you like somebody doesn't mean they will be able to get the job.
- Hiring could be a 4 or 5 stage process.
- Play the numbers game… Like dating.
- My biggest mistake has been hiring people slowly and getting rid of them fast.
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