How to get better‑quality work without spending more money

Pay people as quickly as possible. It’s as simple as that.

You try to hire good people. You want those people to do a good job. For them to do good work, they need to feel good. Talk is cheap—prompt payment is a much more meaningful compliment than “good job.”

Making transfers may seem like a tedious, minor administrative job, but it translates into quality of work.

A late payment affects the quality of work, too—even for people who don’t live month by month. If you already know there’s a chance you’ll be late with a payment, communicate it professionally and proactively. Mishaps happen to everyone—it’s not about not making mistakes, it’s about how you handle them.

When I was younger, I thought it was a matter of myself, my age, and my inexperience. Now I know it’s a matter of people and organizations. Let’s be good to each other.

March 1, 2024

Tags: leverage, management, money, budget, performance, boring, timing, values