How can a small business use the strategy of hiring loyal employees to grow?

Potential obstacles companies might face when hiring inexperienced but loyal employees include lack of technical skills, lack of industry knowledge, and potential for mistakes due to inexperience. These employees may require more training and supervision, which can be time-consuming and costly. However, their loyalty and willingness to learn can be a significant asset. Companies can overcome these obstacles by providing comprehensive training programs, mentorship, and opportunities for professional development. Regular feedback and performance evaluations can also help these employees improve their skills and adapt to the company's needs.

In the book 'Bad Blood', the concept of loyalty is portrayed through the actions of Elizabeth Holmes and her brother Christian. Despite Christian and his friends, known as the 'Frat Pack', having no background in medical diagnostics, they were given significant roles within the company Theranos. This was due to their willingness to work long hours and do everything that was asked of them, which was seen as a sign of loyalty by Elizabeth and Sunny. This loyalty, however, was misguided and led to poor corporate governance and ultimately the downfall of the company.