You’re working hard on your business, it’s going great so it’s time to expand and hire a new member, amazing! Do you have everything ready? Or you’ll just wing it. Hiring new members and not maximizing their talents is a waste of time…and money. Today, I’ll give you three important reasons why new hires fail and how to avoid them.
Can you guess who’s main fault it is? It’s our fault as owners and leaders of our business. I’m speaking from experience, I always take failure as feedback and you should too. The hardest situations you go through in your business are the ones that help you grow. When you gain that feedback, you make significant leaps, bringing you to full awareness in your business.
1. NOT DEFINING YOUR HIRING PROCESS AND SYSTEM
The number one reason why new hires tend to fail in our organizations is when they get to work without a set process and system in place. If we don’t have organized steps for them to come into work or a clear expectation of what they need to do and how they need to deliver it, it won’t work.
It doesn’t have to be a perfect system, but there has to be some sort of formula and structure for them to follow. I know it is challenging for us as business owners because we hire when we are really overextended. When you make your next hire, or perhaps you already have a new hire lined up, make sure they are walking into a set process, a defined system, or some sort of expectation for you to really maximize their talent and maximize efficiencies and effectiveness.
2. HIRING THE WRONG PERSON
When we are hiring, we tend to go with the flow and recruit people that speak like us, talk like us, and resonate with us. It’s not entirely bad, but don’t base your decision only on that. Let me encourage you to take it a little farther with a tool that’ll help you make the best decision for your business.
I use it, it’s called The Core Values Index or the CVI. This is an objective viewpoint that helps me determine people on paper, how they are wired innately. When you’re overextended and need to hire quickly, falling in love with candidates can be deceiving, because you can’t see what you can’t see, that’s just the way it is.
Want to know more about the CVI? It’s a very popular tool, you can search it as The Core Values Index and it’ll basically show you the type of activity where you are most comfortable, what values do you base your decisions on, why you make some mistakes repeatedly, what causes you to have conflict with others, how to improve work and personal relationships, how to make your highest and best contribution in work and life. It’s not a personality test, you just choose words to reveal your innate nature and highly accurate core motivational drivers.
So, use this tool and skip on hiring based only on your gut. It’s not the right formula and trust me, this tool has been priceless in my team building, in hiring my team and in hiring for our clients, it’s just amazing and you’re going to love it.
If you haven’t taken it already, reach out and make sure that you get a copy of that assessment for you in our breakthrough session so that we can go through that and you can learn more about yourself and more about who you should be hiring next.
3. NOT TAKING THE TIME TO TRAIN THEM EFFECTIVELY
The truth is, when a new person comes into your team and everyone is focused on their daily/weekly tasks, it’s hard to take the time to explain or train them effectively. We feel like they’re coming and they are automatically going to be rock stars with a magic wand in hand and save the day in our organization. So without overwhelming them, you need to let them take on things slowly, effectively to fully gain ownership, autonomy and confidence in our organization. You want them to be long-term employees and stay with you for the long run, right? Taking that time now, it’ll save you time later.
Let’s recap, in order to successfully add a new person to your team you need to define your hiring process and system, it’s ok to follow your gut and like the person you’re interviewing but be extra sure and use The Core Value Index to make the right decision and lastly, when you’ve made the decision and the person is hired, take the time to train them to give them the confidence to be the rockstar they’re meant to be.
If you want to take The Core Values Index to learn how to build a team around their strengths and weaknesses and also finding those traits within you as a leader, this is the time to do it. Make sure you’re identifying the operational and organizational gaps in your organization. It’s always a good time to work on yourself and grow as a leader. If you need help, I’m here for you. Please make sure you reach out and let me help you, no strings attached.
I get you and I see you hustling entrepreneur,
Keep evolving, I believe in you!
Don’t do this journey alone. It is very important to surround yourself with a community of like-minded entrepreneurs.
I’m grateful for this community and our most powerful platform, The Entrepreneur Evolution Empowerment Group. A group of rockstars entrepreneurs that are on the way to five million and 10 million dollars in revenue. We have accountability bi-weekly meetings where we go through topics of leadership, development and tons of resources. These entrepreneurs are leaders and still growing, and I’m very proud of them.
If you haven’t had time to schedule a session with me, make sure you reach out! Get a one on one session with me – they are very limited! – you can Book one session here, I can help you reach your personal and business goals.
If you are in need of a half-day/full-day intensive deep dive, foundational review of your business to fast track your growth and come out with a plan, you are in luck! Choose The Business Edit.
Email me at email@example.com, book a session with me or join any of the programs above!
Keep evolving entrepreneurs, I believe in you!
Do you prefer this in the form of a Podcast? Then go right to The Entrepreneur Evolution with Annette Walker. I post two times a week, one is an interview with an awesome entrepreneur just like you and I also do an entrepreneur express tip of 5 minutes or less every week.
About Annette Walter
Much like Marcus Lemonis, host of CNBC’s “The Profit,” who lends his expertise to struggling businesses, Annette analyzes businesses, supports them with the right resources, and designs the plan they need in order to go from surviving to thriving.
Annette Walter has started, acquired, owned and operated more than 15 companies in her lifetime. As a wife, mother of two young boys, and owner of a national company, Timber Industries, that was included on last year’s Inc. 5000 list, she is able to serve her true purpose and passion in coaching and consulting entrepreneurs through her business coaching company, iEvolve Consulting. Annette works with business owners across the globe in various industries to support their overall well-being, teams, and operations. As an operations expert and strategist, she works with business owners to help them identify organizational gaps and opportunities in their companies. She works with businesses to help make their finances, marketing efforts, technology solutions, and sales more efficient and effective.
If you would like to know more about iEvolve Consulting, visit: http://www.ievolveconsulting.com, or send an email to YouRock@iEvolveConsulting.com.
Purpose. Process. Propel.