To Hire or Not to Hire? Think Warren Buffet! - Safari Solutions

To Hire or Not to Hire? Think Warren Buffet!

Recruiting for Small Businesses
April 15, 2009
Embrace Successes
April 15, 2009

Let’s assume you own a business that is actually performing OK in this economy.  Perhaps you may not be meeting your targeted stretch goals, but still moving along well with decent profitability.

So, what do you do with respect to investing in growth activities?  Are you willing to invest in people who can continue to increase revenues, increase productivity, or who can reduce your workload so you can stay focused on high impact activities?  It may be risky to hire key talent in the turbulent time, but what are the risks if you sit on the sidelines?

Warren Buffet has said with respect to financial investments, “Be fearful with others are greedy, and be greedy with others are fearful.”  http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=1&oref=slogin
 

Might this philosophy also apply to hiring?  This might just be the best time for companies to invest in people.  As a business owner . . what do you plan to do with this opportunity? 

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