Intelligent People. Uncommon Ideas. The Game of Business v2.0 By, Bhavin Turakhia CEO, Directi (http://directi.com)http://directi.com

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    24-Dec-2015

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  • Slide 1
  • Intelligent People. Uncommon Ideas. The Game of Business v2.0 By, Bhavin Turakhia CEO, Directi (http://directi.com)http://directi.com
  • Slide 2
  • Simplicity is the ultimate sophistication - Leonardo Da Vinci
  • Slide 3
  • 1. Build the best team 2. Ensure that they make the right decisions most of the time Business is like a Game
  • Slide 4
  • Principle 1 Hire the Best
  • Slide 5
  • Hire the Best
  • Slide 6
  • Can a hundred average high-jump athletes beat one Javier Sotomayor?
  • Slide 7
  • Hire the Best Can a 100 average musicians create what one Beethoven created?
  • Slide 8
  • Excellent Players + Poor Training = SUCCESS Hire the Best Poor Players + Excellent Training SUCCESS Excellent Players + Excellent Training = DIRECTI ;)
  • Slide 9
  • 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
  • Slide 10
  • 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
  • Slide 11
  • 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
  • Slide 12
  • Hire the Best Hiring Rockstars is 4x more profitable!!!
  • Slide 13
  • 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
  • Slide 14
  • 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
  • Slide 15
  • 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
  • Slide 16
  • Hire the Best The Directi Way Expect to spend about 2x-3x the time in sourcing Top Talent as opposed to sourcing average talent
  • Slide 17
  • Smart Nice Articulate Paranoid about Perfection & Gets things done Out of the box thinker Hire the Best The Directi Way
  • Slide 18
  • 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