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“If You Pay Peanuts, You Get Monkeys”

If you pay peanuts, you get monkeys

Even after years, it is always astonishing to me how many people tell me about their big plans that they INTEND TO MAKE IN THE FUTURE.

If you then watch how these people actually act, it quickly becomes clear: there is more talk than action here – or on the basis that is very difficult to understand. At least for me.

An example:

The CEO of a company told me about his plan to expand his market share in the future. For that he needs really good people. And he strives to work only with the best. Because he has learned that in recent years.

As we delve deeper into the topic, I quickly realize that this is more a wish than a reality. Because as big as his ideas are, so small is the (monetary) appreciation that he is willing to invest for top people.

What is the key finding for both the CEO and the top people:

  • Excellent CEOs know how valuable the right employees are for the company. And they appreciate that in every dimension.
  • Top people talk to CEOs on an equal footing and don’t waste time with business leaders who dream more than they do.

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Mike Flache
Build. Scale. Succeed.

Gain a new perspective on scale-up challenges and opportunities. My weekly key takeaways are read by doers and leaders, including Fortune 500 CEOs.

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