Intelligent People. Uncommon Ideas. The Game of Business v2.0 By, Bhavin Turakhia CEO, Directi (http://directi.com)http://directi.com
Simplicity is the ultimate sophistication - Leonardo Da Vinci
1. Build the best team 2. Ensure that they make the right decisions most of the time Business is like a Game
Principle 1 Hire the Best
Hire the Best
Can a hundred average high-jump athletes beat one Javier Sotomayor?
Hire the Best Can a 100 average musicians create what one Beethoven created?
Excellent Players + Poor Training = SUCCESS Hire the Best Poor Players + Excellent Training SUCCESS Excellent Players + Excellent Training = DIRECTI ;)
Hire the Best The Directi Way A Rockstar will make 1/3 rd the mistakes require the mgmt bandwidth ideate 3x more and deliver work 2x faster than a average recruit COST VALUE
Hire the Best The Directi Way Cost Comparison Graph * Cost of mgmt assumed at 4x employee. 1 Manager manages 10 employees * Opportunity cost of mistake assumed to be 1x salary * Cost of a Rockstar assumed to be 25% higher A Rockstar costs 25% lesser
Hire the Best The Directi Way A Rockstar delivers 140% higher value Value Comparison Graph * A regular Employee creates value => 3x their salary and value of his/her ideas => 2x salary
Hire the Best Hiring Rockstars is 4x more profitable!!!
What takes lesser time? Hire the Best a. Controlling the quality of individuals you hire b. Controlling the quality of the work they do 365 days a year
The Directi Way - Spend extra time in getting the right person, so that we can avoid having to spend extra time in getting the job done right Hire the Best The Directi Way
Only hire candidates who are above the mean of your current employees Hire the Best Hiring above the MIN Vs Hiring above the Mean Source: Google Lake Wobegone strategy
Hire the Best The Directi Way Expect to spend about 2x-3x the time in sourcing Top Talent as opposed to sourcing average talent
Smart Nice Articulate Paranoid about Perfection & Gets things done Out of the box thinker Hire the Best The Directi Way
Process at Directi Dont hire for a specific Project Hire continuously Multiple rounds per candidate (3-7) Interview rounds are always one-on-one Rounds