Why Saving $70,000 on a Salary Could Cost You More in the Long Run
Prioritizing high-caliber hires isn't a mere expense - it's an investment that drives substantial business growth.
Hello, friends,
In the spotlight: Alex Hormozi
Another lovely little summary by Alex Hormozi, that goes something like this: In the world of business, the real game-changer isn’t just about building companies - it’s about building exceptional teams. Investing in high-caliber talent isn’t a luxury; it’s a strategic advantage.
The key lesson here is simple: if you want to elevate your business, you need to attract and retain top-tier professionals. The market sets a price for high-level talent, and if you're not willing to meet it, someone else will.
Imagine this: you could hire five B players at $100,000 each, or invest $170,000 in an A+ player who delivers 5 to 10 times the output.
The math is clear - paying a premium for top talent isn’t just an expense; it’s an investment with remarkable returns.
Every dollar spent on someone who can advance your business by leaps and bounds is a dollar well spent. The long-term gains from hiring experienced professionals, who bring invaluable skills and insights, far outweigh the short-term savings of cutting corners on salaries.
Don’t cut corners. Don’t cut salaries. Invest in the best and watch your business soar.
Until the next thought,
onethoughtwonder
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