The Hidden Pitfall of Rapid Expansion

Is Your Team at Risk?

Author

Justin Theng
August 07, 2023

Hi Captain of Capital,

Ever noticed your team’s morale wavering or turnover increasing amidst rapid business expansion?

If so, your enterprise might be in the grip of a major growth-blocking mistake - the signs of a dysfunctional team during rapid expansion. Many small business owners overlook this issue, believing it’s just a phase, but the reality is more complex and far-reaching.

When overlooked, these symptoms can lead to halted growth due to talent drain, and your organization’s best people might seek opportunities elsewhere. This is a price we simply can’t afford in today’s competitive business landscape.

So, what’s the root cause of this alarming situation?

More often than not, it’s the consequence of hurried hiring and inadequate onboarding. It’s a common but dangerous pitfall that small business owners can fall into when they are experiencing rapid growth.

Let’s collab and build extraordinary teams for extraordinary growth.

Onwards and upwards,

Justin, Founder, Advendo.ai

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Now, what can we do about it? Here are three actionable steps you can start applying right away:

  1. Slow Down to Speed Up: Take the time to thoroughly vet candidates and ensure they align with your company’s vision and values. AI apps like Vervoe can help trawl through applications and score them.

  2. Prioritize Onboarding: Create an effective onboarding process that helps new hires integrate smoothly into your team and understand their role. Apps like Scribehow can make documenting processes a breeze.

  3. Foster a Culture of Open Communication: Encourage feedback and provide clear channels for discussion. This can help you spot and address issues before they escalate.

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