Three Hiring Strategies for Businesses that Want to Keep Growing

Starting a business requires a good idea, service, or a product. Growing your business, on the other hand, requires a great team of people.

Most small and medium-size businesses are incredibly selective with who they hire. After all, these businesses only have limited funds to use for payroll and their size doesn’t require an extensive staff. When you are looking to expand your elite team, here are three things to look for that will guarantee positive growth.

  1. Your applicant must be excited about the company. You can’t afford to pay people who will treat your company like just a source of money. Instead, the best new employees must be passionate about your mission, knowledgeable about your product, and on board with your future plans. Hiring these people will afford you much growth, because they will work diligently to make sure that your company reaches as many people as possible.
  2. Your applicant must be flexible. As your company is growing in size, parts of its focus may shift. Over time, you’ll find certain products, markets, and missions that are more worth your time than others. The ideal employee needs to be OK with these paradigm shifts. The last thing you want in your growing company is a dissenting voice that wants to shrink back to the “way things used to be.” Prevent this scenario entirely by hiring with foresight and choosing employees that will embrace change.
  3. Your applicant must be committed for the long run. Small businesses go through ups and downs all the time. When you hire a new employee, it’s important to choose someone who will stick with you for the long run and not run away at the first sign of trouble. If valuable parts of your team leave when the going gets tough, your company will only be left in a deeper hole. This inhibits growth and can lead to some disastrous effects.

Overall, your company’s growth strategy lies on the backs of your employees. If you choose the right people for your team, your company will grow as a result of their efforts. But if you don’t exercise caution in who you employ, your company might get left in a worse place than where it started. Always remember that your employees should be your secret of success; if they aren’t, you’ll never be able to grow.

Remember, running a business successfully does not need to be complicated.  Keep it simple!

For more information on business analysis, business planning, and ways to grow your business profitably, please check out our website www.portalcfo.com.

Sign up for our weekly blog email update and follow us on Twitter @portalcfo

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.