Leadership is critical to a company’s success. This is twice as true for high-growth businesses. Without enough leaders, scaling a business is next to impossible.
It’s easy to find people who want to work, but without people to organize, inspire, and manage people, you’re setting yourself up for lots of drama with little productivity.
Many companies try to hire for leadership. This has two big downsides: first, it’s expensive. Direct and indirect recruiting and hiring costs will quickly add up. Second, it’s risky because a cultural ‘miss-hire’ can do real damage to an organization.
Instead, the best way to increase your company’s leadership is to grow it from within.
In this video, I look at some ways to develop talent that won’t break the bank.