Bad stuff pushes out good stuff

entrepreneur-grasham

According to Gresham’s Law, bad stuff will eventually drive out good stuff in any organisation.

Slackers will push out stars.

Red tape will push out good systems.

Greed will push out good business practices.

That’s life.

Once the baddies are in the door, there’s no escaping them. The only way to avoid the triumph of the baddies is to never let them in the door.

Be paranoid about hiring people.

Be paranoid about minimising red tape.

Be paranoid about your company ethics.

Keep the bad stuff outside.