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Episode 2048:
Laura Gariepy explores the delicate balance of hiring friends or family, showing how trust and familiarity can speed up growth, but also introduce risks that threaten both business performance and personal relationships. By weighing the real advantages against potential pitfalls, she offers practical guidance to help you protect both your company and your closest connections.
Read along with the original article(s) here: https://womenwhomoney.com/hire-friends-and-family-your-business/
Quotes to ponder:
"While making a quick hire saves you time in the short run, if your best friend or cousin isn’t as skilled as you thought, you have a significant issue."
"If you’re going to hire a loved one, make sure you both go into it with clearly defined expectations."
"Since you know them so well, assessing their capabilities, attitudes, and personality traits can be much easier and faster as compared to external hires."
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