As an entrepreneur, hiring the right people to work with you will likely be some of the most important decisions you will ever make. Apple guru Steve Jobs understood the importance of onboarding the right team right from the start. He noted that "when you're in a startup, the first ten people (you hire) will determine whether the company succeeds or not." It is for this very reason that the EOS® (Entrepreneurial Operating System®) platform considers People as one of the top six pillars of any business model.
What Is an EOS® System?
An EOS® business model takes various time-tested business practices and combines them with new and innovative tools to help spur business success and boost profits. The goals of this model are to help entrepreneurs to take control of their business and to experience growth.
With the EOS® model, people are considered one of the core elements that every business needs to succeed. Respected business lecturer Jim Collins said it best when he stated, "People are no the most important asset. The right people are." In fact, having the "right" people isn't enough to achieve success today. You must have the right people in the right roles.
How to Hire the Right Players for the Right Roles
Unfortunately, this is easier said than done. Identifying and hiring the right people for the right job takes time and effort, but the rewards could ultimately mean the success of your business. There are several steps you can take to create a business practice that will enable you to onboard the right players and ensure they are playing in the right role.
Develop a Structured Hiring Process
The best practice is to hire the right people right from the start. However, if you have already done some hiring for your business, it is never too late to take control of your hiring process and realize positive results. It is important to develop a structured hiring process right from the start. Here are some tips to help you get started.
The last thing you want to do is wait until the need arises to start thinking about hiring. This common error may force you to hire someone less than ideal in order to fill the position quickly. Instead, identifying quality talent should start from day one. You want to be on the lookout constantly for talented candidates and make connection. This way when the time to hire comes, you can use your extensive network to find ideal candidates.
Don't even start taking resumes until you have defined the job position that needs filled. It will be impossible to determine if you are hiring the right person if you are not even sure what the job entails. Certainly, this job description may change over time, but you should have a clear description in place before you even consider candidates.
There is a huge desire today for employers to hire candidates that "fit" into the company culture. In fact, hiring for a culture fit can have great rewards. For example, a study reported by the Harvard Business Review shows that employees hired for a culture fit have higher job satisfaction rates and are more likely to stay with the company long-term. It would be impossible, however, to hire for a culture fit if you first haven't established a culture within your business. An experienced small-business coach can help you develop a culture that will attract the right candidates.
Developing Your Team
Hiring the right team members is only half the battle. You also have to make sure that every employee is in the right role. As your demands grow, it can be easy to overlook current talent for new roles and/or tasks as they arise. If you're not careful, you could end up with the right players all playing the wrong positions. Although you think you have a stellar team, performance may be lackluster.
The good news is that there are some easy thing you can do from day one to make sure you are maximizing your greatest asset — your employees.
Your entire staff should know exactly what is expected of them in their current role. They also should have a clear understanding of what the company goals and values are.
Don't slip into the habit of waiting until the end of the year to evaluate your employees. You should be on the lookout for top talent within the company, even if you have no current advancement opportunities available. Frequent check-in and real-time feedback can be invaluable. Knowing your employees' strengths and weaknesses can help make sure every employee is in the right position.
Training and Development
Training and development can be as easy as assigning new tasks to current employees to mentorships to paying for training programs. The goal of developing staff within the company is first to identify top talent and second to build this talent up to grow with the company. Small business coach training can help you and key players of your company learn how to grow and develop your current staff to be tomorrow's leaders in the company.
If you're ready to take your business to the next level and onboard the right team for the right jobs, the EOS® system can help. Expert EOS® small-business coach Chris Hallberg can take you through the steps you need to secure success for your business. Find out how to arrange your free 90-minute consultation with Chris today.