What would you tell your younger self?
DMCG Global Co-Founder Justin McGuire celebrates ten years since opening his first recruitment firm with a nostalgic throwback.
Next week will be ten years since I first opened the doors of our recruiting firm. I’ve loved the ride and even in these times, we are doing well. It’s a journey I’d never want to change.
Here a few things I’d share with that young man as he embarks on his entrepreneurial journey
Your greatest success will come from your biggest failures. Resilience is your biggest asset.
Take the time to enjoy your success, don't try and do it all at once.
Avoid the shiny object syndrome, (entrepreneurs; stick to what you know and do that really well) Be the expert in your sector, go inch wide, mile deep.
Say no to clients, they will respect you for it (it's quite liberating).
Don't be seduced by the good times and prepare for the bad.
Financial crises, oil price crashes, riots and global pandemics will happen and all are out of your control!- Hire slower, fire faster.
Be a mentor to your staff, that is how you best serve them. Do not try and be everyone's friend; they don't need (or want) you as a friend (most already have plenty).
Revenue (and headcount) is vanity, profit is sanity and cash is reality.
Hire people better than you. There are lots of them (and you're allowed to say that).
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