Business By Hormozi #111: You Have a Bad Team Because Your Pain Tolerance Is Low for Working Overtime to Wait Until You Find the Right Person for the Role Long Term
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The Cost of Quick Hiring
Jake was building a fast-growing tech startup, and as the business expanded, the need for more hands on deck became urgent. The pressure to fill positions quickly led him to make decisions that he would soon regret.
In his rush, Jake hired people to fill roles who weren't the right fit, believing that a quick fix would be better than waiting. He thought the pain of not having enough people was more unbearable than the pain of finding the right person. But this quick-fix mentality created a much bigger problem down the line.
It was during one of the team's frustrating meetings that he remembered this crucial insight:
"When you hire fast to fill gaps, your 'temporary fixes' become your permanent handicap."
Jake realized that by not giving himself the time and space to find the right people for his team, he had inadvertently created a series of problems that would affect his company in the long run.
Why Hiring Fast Can Harm Your Team
Hiring quickly to solve short-term issues may seem like a good solution, but the reality is that it often leads to more problems than it solves. Here's why:
Mismatch in skills and culture – When you hire hastily, the person may not have the right skill set, experience, or even cultural fit for the role. This mismatch can lead to inefficiency, frustration, and ultimately, high turnover.
Inconsistent quality – A rushed hiring process can lead to inconsistency in the quality of work. The people you bring on board quickly might not be committed to the same level of excellence as someone who is truly aligned with your company’s goals.
Increased workload for others – When the wrong person is hired, it often places a heavier burden on the rest of the team, causing frustration and burnout. This can harm morale and impact overall productivity.
The long-term cost – The cost of rehiring and training new employees repeatedly is far more expensive than taking the time to find the right fit in the first place.
The Pain of Waiting for the Right Person
Jake soon understood that the pain of waiting for the right person was far less significant than the pain of dealing with constant turnover and inefficiency. Here’s why waiting to find the right person is actually a better option:
You’ll build a stronger team – Taking the time to hire someone who aligns with the company’s mission and culture leads to a more cohesive, motivated, and productive team in the long run.
You’ll save time and money – While it may seem like a temporary inconvenience, finding the right person prevents the need to repeat the hiring process repeatedly, which ultimately saves both time and money.
Quality over quantity – It’s far more beneficial to have fewer team members who are the perfect fit than to have a large team filled with people who aren't right for their roles.
How to Avoid the Quick Fix Trap
Jake decided that moving forward, he would not hire just to fill a gap. Instead, he would focus on quality, patience, and the long-term health of his team. Here’s how he approached hiring differently:
Implement a thorough hiring process – Rather than rushing through interviews, he invested time in understanding each candidate’s skills, experience, and cultural fit.
Focus on the long-term needs – Jake shifted his focus from filling immediate needs to considering the company’s long-term goals. He only hired individuals who could contribute to the company’s vision and growth.
Invest in training and development – In addition to hiring carefully, Jake committed to continuously training and developing his team, ensuring that each member had the tools and support they needed to succeed.
By focusing on building the right team over time, Jake was able to create a foundation that would support the company’s growth for years to come.
Conclusion
If you want to build a strong, sustainable business, it’s essential to avoid the temptation of hiring fast just to fill gaps and have Tolerance. While it may seem like a quick solution, it often leads to bigger problems down the road.
Remember, the pain of waiting for the right person is far less damaging than the pain of dealing with mismatched hires and constant turnover. If you want a team that will help you grow and succeed, you must have the patience to hire the right people for the long term.
