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When Your Company Welcomes A 'Star' of The Business

By HelloTrade Team on April 19, 2011 12:28 PM | Permalink | Comments (0) | TrackBacks (0)

One of the commonest tradition that is followed by most of the startup companies is, hiring a star. These new players of market run in a race to get the Stars of the business on higher salary. There are many reasons for the same, but what's your say on it?

Many considers it a great idea to hire a star performer to increase business. The one reason for such setup is, star performers come with their own client base who give an immediate boost to your business. This is a case to jump start the business. But, have you ever paid attention to the hazards of hiring a star? If no then you need to read this post. Check what losses you may suffer by hiring a star performer -

+> Star performers are 'star' cause they have earned expertise in particular business. When the stars join your business, they bring their clients along and it is very much possible that when the 'star' leave job, may also wipe off your customers with him/her. You should always pay attention that customer should be loyal to you, instead of your business.


+> I know one Gym Owner, who chose to hire inexperienced instructor and to teach them to be a good instructor than hiring those who had already a good client base. This was an initiative to built a gym loyal customer base.


+> If you are interested in making a legacy business, you will have to follow the secret of building valuable independents on you. As if a star leaves you company, you'll have really a tough time selling your company.


So whenever you are thinking to boost your business income, be cautions if you are bringing a star performer to get an already made customer base. I'll suggest you to hire fresh talents and make them star studded in your firm. Plan business in a way which will make your customer loyal to you in spite of making them loyal to your business. This will work for almost every nature of business, be it IT management, education sector, clothing segment, finance consultant or anything else.


 

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