Costly Mistakes You Should Avoid When Hiring

Looking for new talent isn’t cheap. If you’re not careful, you can easily spend more than you can afford in seeking for the perfect candidate. Also, even if the cost isn’t the issue, the amount of time you invest in seeking a new hire can seriously detract from the time you need to dedicate to your business.

If done right, however, you can not only find the candidate you’re seeking, but you can also save money while doing so. You can focus your time and resources to other, more pressing matters.

If you’re looking into hiring a new employee, here are a few costly mistakes that YEC members and I have done in the past that you should avoid in the future.

Making Your Brand Unforgettable (In a Good Way)

The ultimate goal of any brand is to become a household name; not through a financial scandal or a spectacular failure, of course, but by the integrity and quality that your brand offers. This, obviously, takes years of dedication. Popular brands today have been working decades to achieve the status they now enjoy.

An unforgettable brand isn’t something that is achieved by accident. It must be relentlessly pursued. You must make sure that your brand never fails to leave a good impression. You must make sure that customers relate your brand with quality and reliability. You must make sure that your brand is leading in the industry in all areas.

It may seem a bit overwhelming, but YEC members and I have compiled our own techniques and methods into a list that we hope will be able to help you. By following these processes, you can set your own company on the path to becoming a household name.

Setting Up Your New Employees For Success

Every new hire is a risk. It may be a very small risk, but it is a risk none the less. It is said that the first 90 days of work of a new employee are the most crucial in forming their role in your business. If you transform those first 90 days into a stream-lined, productive process, you can see an unprecedented level of success from your new employees.

Often, new employees find themselves overwhelmed by the number of tasks they are supposed to both learn and do in a short, allocated period of time. However, by creating a system in which your employees know exactly what is expected of them, you are setting them up for success.

Top YEC members, myself included, have developed innovative ways to make sure our newest employees feel at home in their new jobs. If you’d like to learn how we make the most out of our employees first 90 days, click on the link to read the article.

Creating the Ultimate Business Model

A working business model is important to any business. Without it, your business lacks direction and focus. Thus, it is important not only to create a working business model but also to make sure it is the best possible one.

When creating a business model, there are countless angles to consider: finances, customers, resources, creativity, etc. However, by using the right tools and by approaching your business model with the right perspective in mind, you can create a business model that exceeds expectations.

Here are a few tools that YEC members and I use when creating our own business models. Ranging from the latest apps to simply a pen and paper, here are the tools we have used to build our business from the ground up and arrive to where we are today.

Bridging the Generational Gap

In most business there exists a generational gap. That’s not necessarily a bad thing. It simply means that not all of your employees are the same age. In fact, that can be a good thing. By bringing a unique viewpoint to the table, each individual can provide the others with insight that they wouldn’t have had otherwise.

Unfortunately, in many instances, the generational gap is too much for some and leads to increased tension in the workplace. Perhaps you’ve experienced this yourself, a scenario in which an older, more experienced employee comes into conflict with a young, upstart recruit.

Over the years, several YEC members, myself included, have found various methods to not only decrease tension in the workplace, but foster cooperation and respect among employees, regardless of generational differences. If you’d like to know more about these techniques, click the button below to read the full article.

The Story Behind My First Employee Ever

Perhaps you remember the first hire you ever made. Perhaps you hired them as an accountant, or perhaps as an assistant, or perhaps as a sort of catch-all. Regardless, you hired that person because you needed their help.

Every business magnate that ever lived has stood where you stood. What was their reasoning for making their first hire? What made them decide to take the next step and bring someone else onto their team?

Perhaps we will never be able to know, but here is the reasoning that YEC member and I had back when we were hiring our first employees. Maybe it will help you better gauge when it is time for you to hire your next employee.

Creating Innovation In Your Business

Innovation is essential in any business. Whether you’re in the brick-and-mortar business or in the online industry, innovation is crucial for the success of your company.

Often businesses become complacent with the status quo and neglect innovation; however, by proactively seeking out new and creative ways to grow your business, you can avoid this costly mistake.

Here are some suggestions that YEC members and I use in our own business; by creating a plan for innovation you can avoid the mistakes other companies have made and find creative ways to set your own business up for success.

Writing Blogs Your Readers Actually Read

You want to create content your readers actually engage with, content that will encourage your readers to bring more awareness to your brand. However, readers will never share your content if they never read it to begin with.

Your content should bring your readers relevant, in-depth, and, perhaps most importantly, succinct information. Here are a few suggestions from YEC members and I on how to create blogs that your readers actually want to read.

Start Finding Better Recruits Today!

If you’re growing, you’re recruiting. That’s a good problem to have. However, you want to ensure that you’re hiring the best possible recruit, leaving little room for error. Hiring the wrong recruit can lead to more work invested in training the recruit than the work being done by the recruit.

Also, lousy recruiting efforts can result in your competition consistently hiring the recruits that you so desperately need. It’s absolutely critical that your company is at the forefront when it comes to hiring excellent recruits.

If you want to see results in your recruiting efforts starting today, read the following article in which YEC members and I give critical insight on how to find the best possible recruits.

Creating a Pitch Your Investors Can’t Resist

Whether it’s raising funds for a start-up business or securing funds to expand your current one, pitching for an investment is one of the most nerve-racking things you’ll ever experience as a business owner.

Everything depends on the pitch; every word, every facial expression, every voice inflection is under scrutiny. However, a truly successful pitch is one in which your investors not only accept your proposition, but one in which they can’t resist doing so.

Here are the best tips and practices compiled by YEC members and I after years of experience both as business owners and investors.