This Business News Story Was Uncovered By Us From: http://feedproxy.google.com/~r/entrepreneurshiplife/feed/~3/Gj5ASKi5KCQ/
We hope this Editorial, that was exclusively found for you, to think of Tactics to add Energy into your own online business venture.
Your small business has started to grow? Before we congratulate you on this milestone, we must warn you about a few common pitfalls that you’ll want to avoid once you start scaling your remote workforce. Like scaling too fast, for instance.
Running a remote business can be a huge money-saver, but it still requires some smart investments. Today we’ll talk more about why you should not be frugal when it comes to talent and technology, just as well as why company culture is key to success.
Here’s How to Scale your Remote Workforce in 7 steps:
1. Find the Best People for the Job
There’s one thing you should never be tightfisted about as a remote employer – talent. In the long run, hiring an under-qualified employee will cost you not only money but also time. If you get them for cheap now, you’ll have to pay for this decision later.
In 41% of companies, a bad hire can cost $25,000 or higher.
In 25% of companies, this can grow to $50,000 or higher.
When you’re not careful about the applicants you’re accepting, you’re risking decreased productivity and teamwork, dampened morale, increased turnover, and reputational damage. Skilled hires don’t want to waste their time working with inept people.
Besides, having a team of competent experts means faster ROI.
These employees will not only know how to contribute to your business goal without your guidance but will also nurture enthusiasm about being a part of a successful collective. Qualified hires will boost both your revenue and your brand.
2. Remote Training and On-boarding
Onboarding… Read More
Get tips on how to generate more money. An extra job, work from home and create numerous passive income streams that generate enough money. Get your side hustle on.