There is a saying we use on Property Entrepreneur – “If you think hiring a professional is expensive, wait until you pay for an amateur.”
Whether it’s trades, professional services, employees, or suppliers, opting for the cheapest tends to be a false economy. As we build our businesses, we realise that our team should be an investment, not an expense. There is huge value to be gained by paying good people good money to take things forward.
Over the years, there have been many occasions where as a group of companies, we have chosen a low cost option and expected a high value result. This year, we realised through the step change of some of our companies, that if you want to build market-leading businesses, you need to pay for market-leading expertise.
The result means there is less requirement to tell people how to do things, instead you clearly direct what needs to be achieved and they will bring 70% of what is required to the table.
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