Over-hiring as part of a growth phase is a common problem for start-ups. Especially if those start-ups have first-time Founders who aren’t experienced in scaling a company.
The most recent case to break the news this week was UK gut health start-up Zoe. Once riding high as one of Europe’s best-funded healthtechs, Jonathan Wolf, Co-Founder & CEO announced that due to over-expanding the team over the past six months they are resorting to a cost reduction of 20% which will sadly include redundancies.
As a start-up Founder/CEO how can you strategise your growth to make sure you don’t run into this problem further down the road? And if you do, what is the impact you can expect on your team and operations as a business? Jules Holland, Think & Grow Partner, reveals the expertise you need from a people and growth perspective.
Don’t fall into the ‘cloning syndrome’ trap
It's a tale as old as time — or at least as old as the modern business landscape. Leaders tend to hire based on immediate needs, often duplicating roles they already have. We call it the ‘cloning syndrome’ in the industry.
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