ScaleUp Membership Club - September 2024 

How to Minimize the risk of a Bad Hire 

ScaleUp Club  September 2024  Slides 

Bonus Materials 

The included bonus materials for September include: 
 
1. Recording of the ScaleUp VIP Club presentation 
 
2. Ebook 
 
3. Slides from the presentation 
 
4. ScaleUp Challenge Report 
 
5. Access to BizSmart ScaleUp VIP Club members-only group on LinkedIn. 

This month's ScaleUp Club was all about: People 

This month’s theme was "How to Minimize the risk of a Bad Hire" 
 
Hiring the right people is critical to the success of any business. But for small and medium-sized enterprises (SMEs), the stakes are especially high. A single bad hire can have a disproportionately large impact on your business, leading to wasted time, money, and potentially damaging the morale of your 
team. In fact, the cost of a bad hire can be as much as three times the individual’s annual salary when you factor in recruitment, training, severance, and lost productivity. This isn’t just a financial hit—poor 
hiring decisions can also stall growth, undermine team cohesion, and tarnish your business reputation. 
 
Given these potential pitfalls, it’s crucial to put in place strategies that minimise the risk of a bad hire. In this booklet, we’ll explore practical steps that can help you refine your hiring process, improve candidate assessment, and ultimately ensure that you bring the right people on board. 
 
Discusses his journey from university project partners to business partners, sharing lessons learned, their decision to niche into specific sectors. 

Next ScaleUp Club Event:  Tuesday 15th October 2024 at 12.30pm 

Podcast 

If you aspire to ScaleUp your business then this is the podcast for you. Listen in as we uncover key lessons and experiences from business owners just like you as they ScaleUp their businesses 
 
Within almost all of those interviews, the question ‘What advice would you give…?’ has come up, so we thought that it would be nice to compile all of those little nuggets of great business advice into one episode. 

LinkedIn Group 

The exclusive community for BizSmart ScaleUp members. We post regular updates and links on LinkedIn to useful resources and information. 
 
Please do share anything that will help you or others to build scalable businesses. 
 
Perhaps you have a question, an issue you need help on, or perhaps you have an opportunity or information you would like to share with the group.