https://www.siliconvalley.com/2024/04/02/why-it-is-important-to-invest-in-your-team-and-how-it-can-affect-your-business/

Building a business is an ongoing process that requires not only strategic thinking and innovation, but also attention to the key resource of any company: its team. Employee development is critical to the success of any company. For example, Gallup research has shown that companies with high levels of employee engagement in training demonstrate 21% higher productivity than companies that do not pay regular attention to training processes. Investing in employee development should begin early in a company’s development, but the specific timing can depend on a number of factors, including the industry, the competitive environment, the company’s growth strategy and its financial capabilities. At each stage of a business’s development, its employees need certain stages of development:

Initial stage (Start-up): This is when a company is just starting out and looking for stability. While financial resources may be limited, it is important to create a culture of learning and development from the start. This may include job training, developing key skills, and establishing corporate values.