Caliber of staff - Deepstash
Inside The Mind of Elon Musk

Learn more about entrepreneurship with this collection

The importance of innovation

The power of perseverance

How to think big and take risks

Inside The Mind of Elon Musk

Discover 42 similar ideas in

It takes just

7 mins to read

Caliber of staff

At this stage of growth, you begin to need more experienced staff to manage teams and bring in workflows and practices that they have seen work well elsewhere. In other words, you need more senior people.Except you can’t afford the really experienced ones yet. 

Up to the first million, you were training great people you worked well with to deliver what was in your head. Now, you need to hire people with expertise. They are expensive. Perhaps you need to do without a few junior staff. Or sacrifice your own salary. Or give away shares.

This is where it gets seriously frustrating. It’s not so much that you come unstuck, it’s the opposite. You grind to a halt. You stall. Your business just stops growing.

4

11 reads

MORE IDEAS ON THIS

So how do you break through the growth barrier?

This is why you are stuck: You cannot grow because you are optimized for the level you are at.

The only way to do it reliably is to use a systematic approach and involve the people who are going to be the future of the business. 

4

10 reads

Departmentalization

When your business is turning over around a million, you might have ten or a dozen people on your team. You’re all super-aware of what’s going on. You will work nights to get a big order out or prepare for a big pitch. You read each other’s minds and jump in to help. To some degree, you are all c...

4

10 reads

Product-market fit

You may simply have hit the demand limit for your product or service, and you may need to redesign it to suit a broader audience.

This requires a big change in the way you do business — hiring, training, management, project management, quality assurance, account management ...

4

18 reads

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates