Recruiting the right talent is critical for business owners to quickly scale your business growth.
So, how do you go about finding top talent?
Many companies are trimming down on payroll in an effort to run leaner. But, staffing decisions affect both budget and revenues. While high turnover certainly bleeds resources, low turnover can also inhibit a company’s growth if that staff has gone stale. Seniority should not win over stagnant.
In either case, recruiting the right talent will be vital to survive tough economic times and to thrive in years to come. Although more people are out looking for work today, business owners will still have to compete to attract and recruit top level talent.
In a previous post, I shared my one line response to a popular question I am often asked — “What’s your advice on achieving fast business growth?”
“Never try to do it alone” is always my response.
If you enjoyed reading about the 3 powerful leadership principles that helped operations manager Beth to bring out the best in her people, here are 3 more powerful leadership principles from my coaching work with Bob.
6 Powerful Leadership Principles to Bring Out the Best in Your People
As a business growth coach I am often asked the question, “What’s your advice on achieving fast business growth?”
My one line response, “Never try to do it alone.”
Whether you are the CEO or a key manager, the quickest road to fast business growth is through having a team of committed people. Strong development is what will allow you to laser focus on your core areas of competencies and not fall into the trap of wearing too many hats, which will only slow you down. (more…)
Question: “Do performance reviews really work?”
— Avril Balderson, CPA Firm in Australia
Yoon’s Answer: Avril, my short answer is YES!!!!! They do work!
So, why do they don’t work so well for some companies? …What I see is that many companies have performance reviews that just are not specific enough about what the tangible actions and behaviors they want to see more of and which they do not tolerate. This can be slippery if the company does not have a job description written out that clearly describes what the expectations are on specific tasks, results and behaviors. (more…)
Here’s an interesting question I received on Linkedin from Richard Sink who asked:
“What lessons can you share with us about strategies when trying to turn your ideas (be it for social good or professional gain) into a reality?”
Great question. I work with start up’s on launching new ideas as well as established companies on re-inventing themselves in the marketplace.
I’d like to offer you a great format I use with my clients through this process. It’s the 8 stages of a start up which should be followed in this order: (more…)
It’s great news if your business is growing quickly! But will things move so fast that you’ll struggle to keep pace? It’s a real possibility – so we better give it some thought. Knowing the potential pitfalls in advance and understanding how to mitigate them can go a long way in writing a successful growth story.
Pitfall #1: You may hire too many bad employees or misfits
Business growth is directly proportional to hiring employees for most businesses – more work means you need more pair of hands. The risk of hiring the wrong people in your rush to fill up positions is very real and many fast growing business end up in this situation. (more…)