Effective Scaling Part 2: Invest in People to Reach Goals
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This four-part series will cover startup planning, people, efficiency, and resources as crucial inflection points in growth.
The longest section in my book* is about optimizing teams. After having a valuable solution, finding and retaining top performers is critical. Here, I introduce four powerful concepts.
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"Only hire people who are better than you." - Laszlo Bock
People are often a startupโs highest expense and integral to incredible growth. Invest in finding, evaluating, and retaining valuable people.
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So far, thatโs obvious. I want to push to think about the incredibly daunting fear of hiring someone who could replace us.
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Roles change dramatically in a fast-growing startup. Hire for future potential skills, not only current experience, education, or certifications.
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Seek bright, motivated, and adaptable people. In interviews, ask open-ended questions based on actual examples to realistically gauge their responses.
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"All you can do to improve the output of an employee is
motivate and train. There is nothing else." - Ben Horowitz
Some founders invest a lot of time and money in recruiting the best people but ignore a productive onboarding process to maximize their benefits.
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Create enough structure so new hires can immediately thrive.
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During onboarding, ask and respond to these questions daily:
ยทย What did you accomplish today?
ยทย What did you learn?
ยท What do you hope to understand tomorrow?ย
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This task immediately sets expectations around learning and responsibility, and the manager will have a clear view of performance.
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"Speed is useful only if you are running
in the right direction." - Joel Barker
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While hiring and firing may be relatively straightforward, optimizing performance is a nuanced challenge.
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We are all teenagers at heart, and we want to know WHY we are completing a project or task. A reasonable explanation will encourage high performance.
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When performance evaluations align with company objectives, you can successfully reward people who are clearly growing the company.
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"The most effective leaders score high in
both confidence AND humility." - Adam Grant
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Grantโs reference to confidence means that you may be clear on the vision, but not the best paths to reach your goals.
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His reference to humility is recognizing that you cannot control everything. By letting go of just a little bit of control, you may receive a lot in return.
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Questions like these prompt productive conversations:
โข What could I have done better?
โข How can I help you succeed?
โข What can I do to help your career?
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In startups, people are often your greatest drivers of success. Invest in hiring, training, and motivating top talent to foster fast growth.
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This post was written by me with AI editing. The image is AI generated.
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