Building Your First Team
Summary
- When you're starting out and building your team, it's tempting to look for quick answers about who to hire, but it really deserves careful consideration.
- At first, I trained everyone myself, but I quickly realized this left me with no time to actually lead my company.
- Then, I tried hiring solely from the outside, resulting in a lot of different opinions and a lack of a unified company culture.
- What I learned is that a balance between training some staff internally and hiring experienced professionals externally is key.
- Reflect on your and your co-founder's strengths and weaknesses when considering who to hire.
- Fill gaps in expertise by hiring experienced individuals in areas where you're lacking.
- Additionally, it's important to hire individuals whom you can develop into the future leaders of your organization.
Video
How To Take Action
I would suggest that when you're starting, take some time to really think about who you need on your team. It's not about fast answers; it's about finding the right fit. At first, I tried doing all the training myself, but I quickly saw that left me no time for actually running the business. I also tried hiring only outside experts, but that led to too many different ideas and not enough team spirit.
What I learned is you need a mix. Train some people in-house so they know your way of doing things. But also hire some folks who already have the skills you and your co-founders don't. This way, your team will have a good balance. And, when you choose who to hire, think about what you and your partners are good at and what you're not. Bring in experienced people to fill those gaps.
Also, it's super important to hire people who can grow into your business's future leaders. You want to develop and mentor them so they can help your company in the long run.
Here's a quick plan for taking action:
- List strengths and weaknesses: Sit down with your co-founders and list what skills you all have and which ones are missing.
- Identify key roles: Decide what roles are crucial to fill first to support your business where you most need help.
- Mix training methods: Plan to personally train some new hires while also looking for experienced professionals to bring fresh expertise.
- Look for potential leaders: When hiring, pick people who show promise in taking on more responsibility in the future.
This way, you can build a team that's all about growing together and making your business stronger without spreading yourself too thin. Remember, a balanced team with a shared goal can take your business further!
Quotes by Leila Hormozi
"When you're building your first team you're just looking for someone to tell you like what do I need to do"
– Leila Hormozi
"I trained everybody myself and I had no time to actually like lead the company"
– Leila Hormozi
"Hiring everybody from the outside and then it was like a lot of competing opinions and less cohesion of the culture"
– Leila Hormozi
"The reality is you want a mix of both"
– Leila Hormozi
"Where you're not strong hire the experience"
– Leila Hormozi
Full Transcript
when you're building your first team you're just looking for someone to tell you like what do I need to do and the reality is I think it requires a little more thought than that in the beginning I trained everybody myself and I had no time to actually like lead the company and then I went towards like hiring everybody from the outside and then it was like a lot of competing opinions and less cohesion of the culture the reality is you want to mix of both and it is truly dependent on you and your co-founder skill sets what do you bring into the organization where are you strong and where you're not strong higher The Experience Where You Are wrong bring people in that you can train to be your successors
