Oct 02 2024 32 mins
In this episode of the Business Millennials Podcast, hosts Safa Harris and Ashley Dreager dive into the critical question of whether businesses need to hire new talent or implement better systems to overcome growth challenges. They explore the differences between systems and processes, discuss the complexities of choosing and implementing project management tools, and examine the financial considerations of scaling operations.
Key Takeaways:
- The decision to hire or improve systems depends on your business's current state, goals, and financial situation
- Systems involve multiple processes and often incorporate tech tools, while processes are specific steps within a system
- Implementing the right project management tool can significantly improve efficiency, but choosing the best fit requires careful consideration
- The cost of per-seat pricing for project management tools can impact business margins and should be factored into hiring decisions
- Customized systems are generally more effective than one-size-fits-all solutions
Timestamps:
0:00 - Introduction to the podcast and hosts
3:06 - Main discussion topic: Hiring vs implementing better systems
7:13 - Explanation of the difference between systems and processes
15:37 - Challenges of implementing partial system solutions
22:23 - Discussion on choosing the right project management tool for your business
29:14 - Consideration of financial aspects when implementing systems and hiring
Referenced Links:
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