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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.
55:16
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Quick takeaways
- Consider hiring on-demand part-time workers to match increased volume without long-term commitments.
- Evaluate ROI on investing in equipment like trucks to meet growing demand and ensure profitability.
Deep dives
Considering strategic growth options
In a thriving moving business with unexpected growth, the owner contemplates whether to focus on high-quality jobs by raising prices or to scale up by hiring more staff and investing in additional equipment. With a steady influx of business through word of mouth, the dilemma lies in gauging the continuity of this growth. One option involves hiring part-time workers on demand to match increased volume without the need for long-term commitments. Another consideration is acquiring more equipment such as trucks to meet the rising demand and maintain profitability.
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