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How to Hire the Right People

interviewHiring the right people for your business is crucial, but equally important is being a good manager for your employees. According to an article on forbes.com entitled, The 7C’s: How to Find and Hire Great Employees, there are 7 C’s that you have to keep in mind during the hiring process.

The first C is for competent.  You should make sure that any person that you’re considering hiring is competent in your field of business. You don’t want to hire a networking person as a sales man.  The skills needed are too different.

The second C is capable. Is the person capable of working hard with little supervision?  The more people you hire that are capable the less you will have to worry about what they are doing while you’re out on business trips.

According to Forbes the third C is compatible. You should keep in mind the people that you currently have employed and how the potential candidate would fit in with those people.  Does the candidate seem to have the ability to fit in?  Would they easily talk to potential clients?

The fourth C is Commitment.  Does the potential candidate seem like they would be committed to the position? Do they have a history of floating from one job to another job? Make sure to inquire about their previous work history.  Ask about why they left their previous positions and why they are looking for new employment.

I have seen companies that put a required two years of employment in their contract, and if the employee quits before the two years are over they owe the company the cost of their training.  I’m not sure how I feel about clauses like this, but it seems to work for these institutions.

The fifth C is character.  Character and compatibility can almost fit together as one C.  The Character deals with how the potential employee handles themselves.  Does it seem that they can take criticism? Do they seem like an honest person?

Make sure to do background checks on each of your potential employees.  Also, use social media to your advantage.  What someone puts on their social media pages can tell you a lot about the person’s true character.

The sixth C is culture.  Forbe’s says that, “Workers who don’t reflect a company’s culture tend to be disruptive and difficult.” An office needs to run like an ecosystem, but a very delicate ecosystem similar to the barrier reef.  You don’t want to hire someone who seems like they are low energy and put them in your high energy ecosystem.

Another example is someone who is not a team player, and the rest of your employees are working marvelously as a team.  Bringing in a bad team player can wreck your business.

The final C is compensation.  You need to spend an appropriate amount of money on your employees.  It is so important that they feel valued and they aren’t looking for another job that has a better salary.  You want to keep your employees with you as long as possible because it takes a lot of money to recruit and train new employees.

 

Being in the Business of Small Businesses

Coaching chalkboard

It takes a lot of knowledge to be taken seriously in the world of business mentoring. How to run a successful business isn’t something that you can learn by attending classes. It is something you learn by having hands on experiences.

I graduated with my MBA from an Ivy League school. I was young and dumb and I thought the world was going to bow to my amazingness. I was wrong.  As it turns out, nobody really cared about me or my dreams.  I started my first business while I was still in college, it failed miserably.

I was okay with its failure.  I told myself, “You just haven’t finished your education yet; your next idea is going to be awesome.” Once I graduated I tried to start another business.  It also failed miserably.  After this failure my parents cut me off.  They refused to support any other business ventures that I tried to show them.

Initially I was hurt, but I picked myself up out of the woe-is-me pity party I was having, and tried again.  This time I started a software company.  I was determined not to fail, and now that my parents were no longer supporting me I had to work my bum off.  I had never been totally on my own before, but it really was the best thing that ever happened to me.

At the beginning of my software company there were a lot of sleepless nights. The building I rented had a tiny studio apartment above it and that’s where I slept. If this company failed, I would have nothing left.

I worked hard and hired the right people.  The success of any business really depends on the management/employee relationship.  You can’t be a bad manager and have talented employees continue to work for you.  At the same time, you can’t be a great boss, but be working with horrible employees.  Really, hiring the right people is crucial to any business.

My software company started to take off.  Soon we were getting orders from all around the world.  We almost ccouldn’tkeep up with the demand.  I had to quadruple my staff in the first two years, and we continued to grow from there. We expanded the sorts of products we offered and things were going great.

I was even able to hire someone to take my place in the everyday running of my business.  I only had to check in once a week to make sure everything was going well. Eventually, I received a huge offer from a competitor to buy us out. It was not a decision I took lightly, but who doesn’t want to retire at 35.  I accepted the offer and just took a few years off.

It turns out that one bad thing about retiring at 40 is the amount of boredom you experience.  Going from a busy business, to sitting around in a lounge chair on a beach was a huge change of pace, and something I wasn’t quite comfortable with.

That’s when I decided what I was going to do with the rest of my life.  I was going to mentor small businesses and use my knowledge of failure and success to help them grow. My favorite part of my own business wasn’t so much the success as the struggle getting there.

I have been mentoring businesses for 5 years now with great success.  I enjoy my job and my life very much.  Being involved with different amazing brand new products is so much fun.  Humans never fail to amaze me with their creativity.