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Today, I do some back of the napkin math to examine the cost of turnover vs. investing into employees and when it might make sense to choose one over the other. We use the lens of different financial business models and how they may be guided by flashy buzzwords and arbitrary deadlines expedited by manufactured urgency. Ultimately, is chasing the flashy thing really worth it in the end or would a differently focused investment give way to longevity and stability fueling better results? How do you calculate the return on investment?
What have I have been listening to: The Dollop (both a regular listen and attending live podcast recording shows) - It’s well researched, hilarious, entertaining, thought provoking, and I never fail to learn something new from it. The host, Dave Anthony, reads a true historical story to his friend, Garreth Reynolds. The relatability of the co-host reacting to the outrageous twists in turn at the same time the listener is reacting is genius.
I'm not telling you what to do, but here's where I'm putting my dollar: Rareform
Early and bonus shows as well as curated discussions and merch are available on Patreon.
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The Capitalism for Good Podcast is all about how we make and spend our money to benefit the greater good (and how that benefits us right back). We talk to business leaders about how they are using their businesses, both small and large, to make a positive difference in their communities. This is the intersection of money, time, energy, and bandwidth considering how to balance these for now and for the future’s “now.”
There’s also a Between the Interviews sub-series and other perks available on the Patreon.
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No transcript available for this episode.