We’re going to say something that may shock you, so please secure your socks: successful entrepreneurs hire people smarter than them. Hold on, there’s just one more thing: sometimes, successful entrepreneurs pay their employees more than themselves. Take a deep breath. Everything will be explained momentarily and it might just be the energize tool you need for your enterprise.
Professional Growth For All
What happens when you pair a new employee with an exception employee for training? That worker grows professional thanks to the influence of someone who’s better than them. When we talk about smart people, we’re also talking about talented people with possibly limitless potential. As much expertise as you may have, a smarter hire can bring a fresh wave of creativity to your problem solving process. Frankly, that benefits you and the rest of the company. As a leader in your enterprise, professional growth is still very much on the table and your daily encounters will be with your office mates. Fill this space with talented professional who inspire and challenge you as much as you do the same for them. This type of symbiosis creates a sustainable and necessary give and take for truly great enterprises.
Talent Is a Business Superfood
Even before your company culture and sustainable sales, what do you need to succeed and grow an impressive company? You’ll need talent. Talent is key to business growth, because consumers understand the difference between average, good and great. If you can find motivated professionals with high intelligence, they’ll actively seek and devour every challenge you can throw at them. Successful entrepreneurs don’t shy from the opportunity to let a hungry and effective professional loose in their businesses. These individuals are the type to need minimal guidance for maximum impact. Imagine when you give them an extra helping of guidance or training?
Compliment One and Complement the Other
It’s a given that successful entrepreneurs have established an effective and sustainable means of curating profit, right? What else do they have going for them? They have a company culture that complements the strictly business side of the enterprise. For instance, some successful sales companies have sales personnel that make more than the company owner. To some, that will sound like an outrageous idea, but it works out much better than you’d think. What does a higher salary say to the employee? ïKeep performing at a high level of excellence because you are valued in my company.ï Your top performers deserve to be properly compensated, so don’t cap their compensation based on your salary. Award them accordingly and you’ll begin cultivating a company culture that complements your business culture and compliments your employees.
Investment in the Future Trumps Ego
You might still be reeling from the idea of paying your subordinates more than yourself, but here’s another reason why successful entrepreneurs hire professionals smarter (and potentially more expensive) than themselves: investment in the future trumps ego. You have to think in terms of what’s best for your company. For instance, let’s say you want to rework entire human resources approach and you need an experienced professional to get the job done. While frequently underrated, this is an incredibly important department that maintains your company health and culture. You don’t have room for substandard quality in this situation, so it’s in you’re best interest to hire a professional you can trust to do the job. Of course, that may come with a price tag and almost certainly an incredibly intelligent mind, but your company is now set for long-term health and growth. The result is invaluable.
Solve the Company Culture Rubik’s Cube
Have you ever tried to solve a Rubik’s Cube? Inevitably your reach a point where you have to seemingly disturb your solved layers (read: the established system) in order to move forward and solve the puzzle. If you are afraid to disturb your established layers, your progress is halted eventually, but if you take a brave plunge into the unknown, you’ll find the ultimate solution and maximize your efforts. If you’re still worried about hiring smarter individuals (possibly paying for it), you’re stuck in an employee minded perspective that may cause you to miss out on opportunities for fear of upsetting your established company culture. However, successful entrepreneurs don’t fear a good plunge if there is the high promise of growth or value. Hiring people that are smarter than you may be the best thing you’ve done for you company culture since you instituted Crazy Hat Fridays. For more useful information, take a look at other Resume Builder resources.