MBA902 Better to Hire Early or Late?
0:00 -:--
PermalinkShare linkShare link with timestamp
November 20, 2017
Is it time to hire? As your business grows, this can be a tough question. As entrepreneurs, we all want to be proactive. Why wait ‘till tomorrow when you can do it today? But when it comes to personnel, it’s not quite so simple. Growing your business is about many things, not the least of which is timing. No one can hire the people they need at the exact moment they’re needed. So the question is: should you hire late or early? Is it better to have the people you need in place before the work rolls in? Or should you save the capital until the investment is absolutely necessary (not to mention guaranteed to pay off)? What’s worse: spending money you don’t have on people you don’t need, or scrambling to handle the workload with inadequate staffing? What’s the lesser of two evils? We’ve been entrepreneur-ing for some time now, and we’ve got pretty strong views on this topic. Today on the podcast, we’re weighing the pros and cons of both early and late hiring, and explaining why we consistently choose one path…