At some point in your business career, you’ll need to hire employees or outside contractors to help your business grow. As ambitious as you may be, there’s no way you can perform every single task alone but hiring people can also prove daunting.
Watch this quick video with Tony Hsieh from Zappos.com as he talks about the costly mistakes Zappos made in the hiring process.
Think about your own processes for finding tenants to fill your vacancies. No doubt you meet them for an interview, do a background check and call their references, right? Maybe you even have them come back for a second interview to clear up any inconsistencies you find.
Certainly you want to spend the same amount of time – if not longer – vetting any potential employees or contractors so you know you’re getting the best person for the job.
Hiring someone who is less experienced may fit into your budget better but can you trust their decision-making skills? Will they perform above and beyond your expectations or will they make mistakes that cost you money?
No one can predict if your new hire will be perfect and certainly even the most experienced person can make mistakes, but take your time during the interview process.
As Tony Hsieh says, you want to hire slowly and fire quickly for maximum growth and profits.
These are very important tips that you have shared. One important fact in the real estate buying and selling is that we are investing a good amount of our money into it.
Real estate is a blooming sector now a days. When you want to make a good investment with real estate,consider repairing and remodelling.You will benefit from the immediate return on the money you put in because the value of your property will go up.Often you will make quite a bit more than the cost of the repairs.