When managers need to create a dream team, because they desire to grow their output, should they first hire the dream team and then figure out how to grow? Or should they first create a strategic plan with a step-by-step of how to grow, and then hire the dream team to implement the plan?
The rule of thumb is: hire the team for future needs, not for current needs.
Managers should first create a three year strategic plan detailing their goals. The plan will obviously go through multiple iterations from the time it is created to the end of the third year. However, a plan is a starting point to help managers decide who they need on their team to get things done.
Once managers have their strategic plan they should be create a list of OKRs (objectives and key results) to match the plan. Managers should then review the list and decide who they’ll need to hire in order to get the work done. As managers go through the list, they will find themselves wondering whether they can get more work done with less team members. Managers will obviously be able to do that, however, they should not. Recall the rule of thumb: hire for tomorrow's needs. Thus, managers should hire more staff members than the list of OKRs requires. As, finding the right team members and having them all work in unison is a lot of work. Managers should hire more than they currently require, so that as soon as the team is ready to scale and do more work, the capacity (the team) is already in place to do so, and can hit the ground running.