In the last 12 months, I have asked at least 20 employees to make $1 million mistakes. I make that request regularly and I am very serious about it. Do you know why I do that? Because if they make a million dollar mistake, it is because they took a million dollar risk and put their life into it. They committed to something that inspired them and that is what I want my employees to do, even if they fall short. Our company flourishes because our people are committed to something bigger than themselves and they live full out.
The average person spends around 90,000 hours at work in their lifetime. I think it’s safe to say that it’s crucial for people to work at a place they enjoy. This also means that business owners not only need to navigate attracting top talent- but also retaining it. This starts with finding out what employees are really looking for in a job. Yes, money is an important aspect for most people when job searching, but ultimately people are looking for perks that go much deeper than monetary value.
Company growth is a good thing. It helps establish a stronger brand identity, makes it easier to acquire certain assets, expands opportunities, and drives business performance and profits. Growth does, however, stop being a good thing when you can’t keep up with it. In fact, it is detrimental to a company’s success when this happens. And outgrowing business processes and business infrastructure happens more often than you may think. For this reason, it is important to have procedures in place before you get to the point of outgrowing yourself.