Finding the Right People
'You can be the director of the company but you can't be there to direct all the time. You have to hire surrogate bosses, responsible, thinking people who are able to move fast, take risks, and make judgements that would be similar to yours. This is vital. Hire people who think as you do and treat them well.'
Estee Lauder
Founder, Estee Lauder
Your venture cannot succeed without the right people to put your plans into practice. You will need senior employees who are:
- self-motivated
- honest
- competitive
- confident
- clear-thinking
Because these people will eventually manage your teams for you, they must be able to motivate their colleagues and demonstrate their commitment by working hard.
One way to improve your chances of success is to find a team that has worked together before and includes people who have taken responsibility for key financial objectives - revenue growth, cash flow, net income - in the past.
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