Chew the Fat Should you automate it or offshore it with Tobi Pearce: The Founders Lab
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Dec 5, 2024 Tobi Pearce, founder and expert in capital efficiency, shares his insights on scaling businesses thoughtfully. He emphasizes assessing processes for automation or offshoring to prevent money leaks. Tobi discusses the importance of long-term thinking over short-term profits and how opportunity cost can shape decisions in recruitment and product focus. He also addresses the pitfalls of feature overload in marketing and highlights AI as a game-changer for efficiency. Tune in for practical strategies to enhance your business foundation!
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Abandon Work & Avoid Hiring
- Abandon work that doesn't add value, don't just delegate it.
- Avoid recruiting at all costs, as people are the biggest cost and create unforeseen expenses.
True Cost of Employees
- The true cost of an employee is much higher than their salary, including taxes, benefits, tools, and office space.
- A larger team is perceived as successful early on, but later, efficiency and profit are prioritized.
Profit's Societal Impact
- A company's primary societal contribution is profit generation, enabling job creation and tax payments.
- Profits also fund R&D, further stimulating economic growth within the value chain.