Why entrepreneurs should hire people who are more experienced than them

As the saying goes, if you’re the smartest person in the room, then you’re in the wrong room. This is the mindset that business leaders should adopt when hiring and building a team around them; seeking to plug knowledge gaps and construct the most robust circle of talent possible. This way, creative solutions and ideas can used to help build a strong and resilient business.

In the current situation, however, such talent is an expensive luxury that many firms cannot currently sustain on a permanent basis. Research from The Future Strategy Club shows that nearly 3 in 10 (29%) of business leaders have already streamlined their teams during the pandemic and, in many cases, it has been the UK’s creative talent that has been impacted the most.

For entrepreneurs looking to drive their businesses forward, creative talent will be essential. Given the current climate, one option to explore is the hire of contracted freelance workers. Want to kick-start your digital marketing campaign but don’t know how? Bringing in an experienced freelancer for a short-term contract can pack a punch, without the full expense of a permanent employee.

Justin Small, Founder of The Future Strategy Club, discusses the importance of building talented teams:

“A good entrepreneur should always hire individuals who fill and complement the gaps that exist in their own knowledge; only that way can firm owners build the most well-rounded teams with as few heads as possible. As business leaders look to rebuild – and perhaps even restructure – after the COVID-19 pandemic, bringing in the right talent will be the make or break for businesses, and the importance of freelancers for this every reason will only become more apparent. These are the people who thrive in uncertainty and who have the skillset ready to perform in the challenging times that no doubt lie ahead. When hiring freelance workers, striking the balance between experience and price has, historically, been difficult. But now, business owners don’t have to compromise.”