Welcome back to Creative Friction! This week we chatted about the importance of hiring slow and firing quick.
Layoffs are happening all over the place, folks are looking for side work, and agencies are likely going to be in high demand in the coming months, which means you may need to grow your team to support growing work loads.
One of the common mistakes we have seen many agency owners make, including ourselves, is hiring too quickly for the sake of fulfilling contracts - and that can have a massive impact on your agency culture and your profitability. We’ve learned a lot of lessons about hiring the hard way, and want to share what we know so other people don’t face the same struggles.
In this episode, we cover:
- What does it truly mean to hire slow?
- What are the consequences of not firing people who should be let go?
- What steps can you take to find good employees?
Madeline also talks about her Mastermind Community Figure 8 and her 1:1 coaching opportunities! Her April 2023 cohort has launched, but you can check out Fearless Foundry's website for information on the upcoming cohort. You can learn more about booking a coaching session with Madeline here.
And Jeff mentions his profitability workshop for agencies! He will be launching that live in April! You can follow Jeff on LinkedIn and visit The Meade Company to learn more.
Ad segment info: Relay is a no-fee, online business banking and money management platform that helps small businesses take control of their cash flow and get crystal clear on what they’re earning, spending, and saving. We love how dedicated Relay is to helping small business owners understand exactly how much they’re earning, spending, and saving. Check out Relay by visiting creativefriction.com/relay and apply for an account in less than 10 minutes. This episode of Creative Friction was produced by Fina Valenzuela.