In today’s Startup Therapy Podcast, Wil and Ryan talk about how increasing your staff does not necessarily mean growth, but a deliberate liability. Many people just focus on increasing the number of their employees and do not think about the cost of hiring more people. Yes, you need more people to get work done faster. Yes, you need additional minds to pitch in new ideas. But what if your revenue is lower than the liabilities? Sign up for the Startups Newsletterhttps://www.startups.com/newsletterResources:Startup Therapy Podcast https://www.startups.com/beginJoin our Network of Top Founders Send an email to [email protected] What to Listen For00:00 Intro00:39 Some people use staff count as a measure of success03:40 A growing staff is only seen as a progress07:01 Management strain continues as you add more people10:48 There’s a diminishing return in every additional hire14:28 Each new person that comes in is a burden in some form16:08 Why do we associate hiring people with growth?20:11 Putting people on payroll is easy, paying the payroll isn’t24:33 Look at every choice as a possible liability26:30 What can we do to keep revenue and stay efficient with staffing? 28:32 Getting additional funding to add people and accelerate things32:13 If the Startup doesn’t work, you’ll regret adding more people

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