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Showing posts with the label employees

I Love Elon Musk's People Are Vector Analogy

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Photographer: Alex Kotliarskyi | Source: Unsplash Photographer: Alex Kotliarskyi | Source: Unsplash I recently heard about Elon Musk's People are Vector Analogy on a presentation by Dharmesh Shah (Hubspot's cofounder), where he talks about a personal interaction with Elon Musk. Elon explained to him the best way to optimize your team is to think of each employee as a vector. I thought it was a perfect illustration to demonstrate the difficult task every CEO has of overseeing employees. But first, a quick physics review of what a vector is. A vector is a given quantity that has two properties, magnitude and direction. Suppose you have ten employees or vectors for this analogy, and each is going in a different direction. In that case, your company will not be as productive if all your employees go in the same direction. So the trick is to get each of your employees or vectors going in the same direction because then you can add up each of their magnitudes to get the sum of y...

How To Create Company Culture When Everyone Is Remote

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Photographer: Chris Montgomery | Source: Unsplash When it comes to running a business today something many of us were not prepared to work on and pivot into is creating a strong company culture through Zoom - how do you even begin to bridge the gap between your company’s mission and new hires when there is a screen between you? Many businesses suffer due to people problems - whether it be hiring the right people or retaining the right ones thus it is clear you need to set the right cornerstones for your company’s culture and environment (online and offline). On the Badass CEO podcast, we have had an array of insightful discussions surrounding how to prioritize and succeed in creating the right, motivated employee roster that is aligned with your mission. Creating a healthy and empowering company culture only can begin when you have hired the right set of people for the right set of positions. As another former podcast guest and successful business owner, Michelle Seiler Tucker pointed...