The EntreLeadership Podcast Why Dave Ramsey Doesn’t Recommend Hiring Family Members
May 27, 2024
The podcast discusses hiring family members in business, challenges of scaling a company, protecting your business in case of death, and ensuring quality staffing. It also explores family dynamics, talent acquisition, succession planning, and strategies for sustainable growth.
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Honest Conversation with Brother
- Have a direct conversation with your brother about his commitment.
- Express your concerns about his perceived lack of genuine interest in the field.
Risks of Family & Rehires
- Hiring family members often leads to double losses if one quits.
- Rehiring previous employees is also risky due to potential repeated departures.
Successful Family Hire
- Ramsey successfully hired an operating board member's mother.
- She excelled, proving family hires can work with careful consideration.