The larger teams have given me a bigger “empire” of people, projects, and gross revenue.
But when it comes to profit, I did far better years ago.
You see, the more people you add, the more overhead you have to manage.
And it’s harder and harder to catch low-quality team members trying to sneak in— the unemployed brother of one of your employees and the slacker who believes you are rich, so they can just coast off your hard work.
Yet if your company is not growing, you’re not creating upward mobility for your good people, who will leave.
No matter the industry, your #1 challenge as a business owner is recruiting leaders who care about the company almost as much as you do.