Scaling-up businesses don’t necessarily means more expenses…

“The strategy this year to increase business is to hire more sales / account managers”.

A statement frequently heard in yearly projection meetings with a very high rate of failure.

Many #businesses don’t invest and focus on creating right resource management #strategy and fall into trap of thinking “More people mean more business”.

This strategy often results in hire and fire #culture as when #companies are #overstaffed, during tough times, the first sword falls on employees.

Solution: Adopting the right #mindset .

Mindset #1 – Understanding that there are no businesses existing with “All the required ” resources – as no matter what few #MBA books may teach, running a business with dedicated resource for each job does not make business sense in the real world.

Mindset #2- Businesses, specially startups, are more about resourcefulness than resources.

Mindset #3- The notion of #hiring best talent does not exist in the real world. #Managers & #organisations must shift #focus to find the “Right People” and then make the best out of them by training & innovation .

Watch my video here:-

https://www.linkedin.com/feed/update/urn:li:activity:6441675314891456512

Like if you agree!

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This is ONE Dangerous Trend Amongst Start Ups

“OK, I’m in business. Time to start hiring people.”

I have seen so many companies committing mistake of assuming that ” More People Mean More Business”.

This is wrong planning and often results in hire & fire culture.

Big structures never define success but “right-sized” compact teams with a mix of passion, experience and high energy culture where no one is labeled as ” back office staff” or “liability” is THE key to consistently create magic.

Today, at B4U Dubai, we are a team of 15 from 6 different nationalities in span of 4 years. My journey of 1 till 15 had one clear philosophy, we NEVER label any employee as support staff but ensure each member of team is actively involved in generating revenue in their own way. This is one of the key reasons for us garnering growth in times when most of our competitors are struggling to maintain last year numbers.

The RIGHT time to hire is only when you can really afford – NEVER hire someone and then try to make them affordable.

Agree?