The Many-Hats-Problem: Difference between revisions
From Impulse Launch Systems
(Created page with "The Many Hats problem is a serious issue facing a small manufacturer like Impulse Launch Systems. The founders took on the challenge because we have the ideas and creative capacity to work through a manufacturing process for a valuable product. Recently while visiting some friends I asked Ramone, a retired military officer who is nonetheless a consummate small business owner, for advise about our business. We talked about valuing labor; and what he had to say was obviou...") |
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The Many Hats problem is a serious issue facing a small manufacturer like Impulse Launch Systems. The founders took on the challenge because we have the ideas and creative capacity to work through a manufacturing process for a valuable product. | The Many Hats problem is a serious issue facing a small manufacturer like Impulse Launch Systems. The founders took on the challenge because we have the ideas and creative capacity to work through a manufacturing process for a valuable product. | ||
Recently while visiting some friends I asked Ramone, a retired military officer who is nonetheless a consummate small business owner, for advise about our business. We talked about valuing labor; and what he had to say was obvious only after I had a minute to think about it. You have thought about hiring an employee, he said, but what would you need to pay someone who can do <strong>every job</strong> you do? Where would you find that person? How much would you have to pay them? That is the many hats problem. | Recently while visiting some friends I asked Ramone, a retired military officer who is nonetheless a consummate small business owner, for advise about our business. We talked about valuing labor; and what he had to say was obvious only after I had a minute to think about it. You have thought about hiring an employee, he said, but what would you need to pay someone who can do <strong>every job</strong> you do? Where would you find that person? How much would you have to pay them? That is the many hats problem. | ||
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Revision as of 19:11, 22 December 2022
The Many Hats problem is a serious issue facing a small manufacturer like Impulse Launch Systems. The founders took on the challenge because we have the ideas and creative capacity to work through a manufacturing process for a valuable product.
Recently while visiting some friends I asked Ramone, a retired military officer who is nonetheless a consummate small business owner, for advise about our business. We talked about valuing labor; and what he had to say was obvious only after I had a minute to think about it. You have thought about hiring an employee, he said, but what would you need to pay someone who can do every job you do? Where would you find that person? How much would you have to pay them? That is the many hats problem.
