After having run my business for over 8 years, I have come to the realization that hiring good people is the most important factor to success in business. It sounds like some new age HR talk, but it’s an absolute fact. A good idea will implode with lousy staff and a very basic and unoriginal idea can succeed with good staff.
In fact as an entrepreneur, it’s even simpler than this. All you need to do is hire good managers. Good managers will hire good staff, so all you need to do is concentrate on hiring good managers and the rest will take care of itself.
Every time I have hired good staff, my company has gone to new heights. Every time I have hired terrible staff, my company has gone to new lows. Hiring good staff and hiring bad staff seems like a simple no brainer, but in reality its a very complicated science. Furthermore, I’m sure there are classes and formulas on hiring the right staff, but at the end of the day, I still feel that it’s an instinctual decision where you have to ask the question “is this person right for my company and the position that I want to fill?” Every position, every department, every company, and even every time period in a company is unique, so no matter what a set of protocols or a book says, your still going to have to listen to your instincts when hiring staff.
To complicate things even more, I came to the realization, that the most qualified person is not always the best hire. Of course you should not hire someone that is unqualified. However, you will often meet people that are only partially qualified for a position, but they have a reason and a desire to want to grow in your company. On the other hand someone can be completely qualified, but if they don’t have a real reason to stay with your company, then they are just as bad a hire as someone that is unqualified.