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Pricing and Retention Strategies of a $200M+ exit (Patrick Campbell of Profitwell)

Leveling Up with Eric Siu

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People - data about hiring and firing

The success of a company heavily relies on its people, and despite initial skepticism, it becomes evident that people are the foundation of a business as it grows. However, many companies struggle with managing people effectively. Research shows that the average time to fire someone is 7.8 months, while leadership positions have an average tenure of 18.7 months. Surprisingly, only one in five companies has a structured onboarding and hiring process. This lack of focus on people-related processes hinders companies from building a strong culture and values within their organization.

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