CEOs start picking up big name talent in the hopes that they will help the organization rise to the next level. Most of the time people are lured into what he calls the scale anticipation fallacy. Ben notes that one of the hardest things to do is get the right people at the right time for your scale. This is a major challenge since most entrepreneurs have zero experience with scaling something. This means that entrepreneurs need to figure out how to scale. Go big or go home is the prevailing culture in Silicon Valley. Growing Pains: Right People at the Right Time By being a great place to work, those who remain will understand the situation and stick by the CEOs side to forge ahead.ģ. When times are tough, you will have to lay-off people.
Thirdly, make sure you are a great place to work. Secondly, at every single point of your venture's life, invest in training your team. First, hire for strengths versus lack of weakness. He says there are three lessons you can learn. And without a winning product,you will not generate profits. The impact of having the wrong people directly impacts your ability to create and deliver a product. Jim Barksdale, Ben's old boss, said "We take care of the people, the products and the profits.in that order." Ben says that many ventures pick the wrong people for the wrong positions for the wrong reasons.
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