When you are weighing the price of competence, you either spend money to save time or you save money and spend your time. Let me explain.
If you hire an affordable staff with less competence, you will give precious time to incessant quality control, training, follow up and picking up after them. If you hire more expensive staff with higher competence, you save time, because you do not need to micromanage. This is the price of competence.
Sometimes you are blessed to find competence in someone who isn’t too expensive. They come to you because they believe in your mission, desire training, identify with your brand or perhaps, you are cashing in goodwill and reputational equity you’ve built up in the past.
Don’t assume these competent staff are “cheap”. Some may not yet know their worth. But trust me, your competitors will when they try to poach them. So pay people fairly.
Embrace delegation. Build teams. Establish structure. Let people help you build.
To read more, check out Business Structure.When you are weighing the price of competence, you either spend money to save time or you save money and spend your time. Click To Tweet