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Adding Staff Isn't a Sign of Success, Adding Revenue Is
Podcast |
Startup Therapy
Publisher |
Startups.com
Media Type |
audio
Podknife tags |
Business, 
Entrepreneurship, 
Health, 
Mental Health, 
Startups
Categories Via RSS |
Business
Publication Date |
Jul 12, 2021
Episode Duration |
00:34:06

In today’s Startup Therapy Podcast, Wil and Ryan talk about how increasing your staff does not necessarily mean growth, but a deliberate liability. Many people just focus on increasing the number of their employees and do not think about the cost of hiring more people. Yes, you need more people to get work done faster. Yes, you need additional minds to pitch in new ideas. But what if your revenue is lower than the liabilities? 

Sign up for the Startups Newsletter

https://www.startups.com/newsletter

Resources:

What to Listen For

  • 00:00 Intro
  • 00:39 Some people use staff count as a measure of success
  • 03:40 A growing staff is only seen as a progress
  • 07:01 Management strain continues as you add more people
  • 10:48 There’s a diminishing return in every additional hire
  • 14:28 Each new person that comes in is a burden in some form
  • 16:08 Why do we associate hiring people with growth?
  • 20:11 Putting people on payroll is easy, paying the payroll isn’t
  • 24:33 Look at every choice as a possible liability
  • 26:30 What can we do to keep revenue and stay efficient with staffing? 
  • 28:32 Getting additional funding to add people and accelerate things
  • 32:13 If the Startup doesn’t work, you’ll regret adding more people
In today’s Startup Therapy Podcast, Wil and Ryan talk about how increasing your staff does not necessarily mean growth, but a deliberate liability. Many people just focus on increasing the number of their employees and do not think about the cost of hiring more people. Yes, you need more people to get work done faster. Yes, you need additional minds to pitch in new ideas. But what if your revenue is lower than the liabilities?

In today’s Startup Therapy Podcast, Wil and Ryan talk about how increasing your staff does not necessarily mean growth, but a deliberate liability. Many people just focus on increasing the number of their employees and do not think about the cost of hiring more people. Yes, you need more people to get work done faster. Yes, you need additional minds to pitch in new ideas. But what if your revenue is lower than the liabilities? 

Sign up for the Startups Newsletter

https://www.startups.com/newsletter

Resources:

What to Listen For

  • 00:00 Intro
  • 00:39 Some people use staff count as a measure of success
  • 03:40 A growing staff is only seen as a progress
  • 07:01 Management strain continues as you add more people
  • 10:48 There’s a diminishing return in every additional hire
  • 14:28 Each new person that comes in is a burden in some form
  • 16:08 Why do we associate hiring people with growth?
  • 20:11 Putting people on payroll is easy, paying the payroll isn’t
  • 24:33 Look at every choice as a possible liability
  • 26:30 What can we do to keep revenue and stay efficient with staffing? 
  • 28:32 Getting additional funding to add people and accelerate things
  • 32:13 If the Startup doesn’t work, you’ll regret adding more people

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