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Dr Jeff Cornwall

Co-founder of The Entrepreneurial Mind, serial entrepreneur and professor of entrepreneurship.

  • The Entrepreneurial Mind
Dr Jeff Cornwall

Is there a downside to hiring internally?

October 6, 2016August 29, 2016 Jeff Cornwall
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Last reply was April 12, 2021
  1. Abbie Alonzo
    View April 12, 2021

    I never would have thought truly about the benefits of promoting a preexisting employee as opposed to an outside hire to fulfill a new position. I think this would be a helpful tip for entrepreneurs looking for new positions to be filled before they cast a net into the sea of potential employees. This is also helpful to reduce the risk of expanding too fast, another common theme I have picked up on. From an outside perspective, it makes sense to keep the potential of outside hires on the back burner as to not burn out any employees by delegating too much to one person.

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