“Trouble results when the speed of growth exceeds the speed of nurturing human resources. To use the analogy of growth rings in a tree, when unusually rapid growth causes the rings to grow abnormally thick, the tree trunk weakens and is easily broken” by Akio Toyoda. Here are some tips to help you successfully grow your company while developing the winning formula to preserve your company culture. Recognise employee contributions
In the initial stages of a start-up, it is easy to praise employees personally who do well because you are always around them. You might be working in the same room initially but as the company grows and ranks keep getting high, it becomes difficult to know and track what each employee is doing. Still, you are supposed to go the extra mile to realise your staff's accomplishments and appreciate them for their efforts. Maintain stellar hiring standards Even if you are in hurry to hire doing not sacrifice talent and passion for numbers, otherwise you will have to witness a decline in the average quality of your workforce. Maintain and manage your hiring standards right from the start. You can start the company on your own but your employees are the ones who will pursue your passion and values and who will take your company to the top. For great efficiency, choose efficient and effective employees. Preserve company traditions Your traditions are what make you unique, which distinguish you from anyone and everyone. The type and strength of a company’s traditions will be the defining factor, which will decide and measure the success of their enterprise and therefore it is important to develop and nurture these essential traditions. Make sure that every one of your employees is given that right platform to bond with every one of their colleagues. Encourage an open-door policy During the times of expansion, communication between junior managers and senior managers can be tougher. Create an environment where everyone gets a chance and an opportunity to voice their opinions by establishing a direct line of communication for all the employees. Scaling up will be the best time for you and your company but try not to fall in the excitement and fail to continue investing in your company’s core values and employees, which would be one of the relevant reasons behind the success of your company. Follow the above given points with your own ideas and innovations and you will be able to ‘keep the spirit alive’ and safeguard your affirmed asset: your human capital.
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