Short YouTube conversation (Real Estate Team OS with Nick McLean) presenting a framework for profitable hiring decisions: identify the process bottleneck and address it by preventing the bottleneck, cross-training/reassigning staff, improving systems/automation/procedures, or hiring only when necessary.
It may feel like it's time to hire, but here's a framework to help you make profitable decisions.
Increasing the capacity of the process that is not already constrained, that is not. The bottleneck is wasting your money. If you have a bottleneck, you need to attack that bottleneck. Well, how do you attack a bottleneck? You can eliminate the bottleneck from happening. So putting something in front of it. You can reassign people that do have capacity into that bottleneck and help out AKA cross train people. We can improve the system or automations or technology or written procedures going to help eliminate that bottleneck or increase the capacity of that. And sometimes Ethan, it is hire somebody.
More on Profitable growth with Nick McLean on Real Estate Team OS.
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