Hire People Smarter Than You

Summary

• If you want to hire people smarter than you, don't fill your team with only very experienced people. This creates no growth opportunity for others and can lead to differing opinions and conflicts.
• It’s essential to balance your team with a mix of experience levels to allow for mentoring and teaching among team members.
• For small businesses to attract top talent, offering more autonomy can be a significant draw. Many top professionals leave big corporations seeking more freedom in their roles.
• Create an environment where team members see a clear growth opportunity and have access to communicate with the CEO. This can be a key motivator for talented individuals looking to join your team.

Video

How To Take Action

I would suggest implementing these strategies to grow your business and attract top talent while focusing on cost-effective methods and high-value outcomes.

1. Balance Experienced and Less-Experienced Hires:

   • Don’t just fill your team with highly experienced people. Instead, create a mix by hiring some less-experienced but eager individuals who can be mentored.
   • Pair experienced employees with less-experienced ones so they can share knowledge and grow together.

2. Offer Autonomy:

   • Allow your team members to have more control over their projects. This can be a significant attraction for those who are tired of the rigid structure of large corporations.
   • Encourage them to take ownership of their work, which can increase motivation and job satisfaction without costing you any money.

3. Promote Growth Opportunities:

• Show your team members that there are clear paths for advancement within your company. Regularly discuss their career goals and how they can achieve them with your help.
• Provide opportunities for learning and development, such as online courses or attending workshops.

4. Ensure CEO Accessibility:

   • Make yourself available to your team. Regular check-ins and open communication lines can make all the difference.
   • Personal interaction with the CEO can be a significant motivator, making your team feel valued and heard.

5. Mentorship Programs:

   • Facilitate mentor-mentee relationships within the team. Not only does this help in knowledge transfer, but it also creates a supportive environment where everyone can grow.
   • Encourage experienced employees to hold small training sessions or workshops.

By doing these simple yet effective things, you can build a stronger team that’s motivated and ready to grow with your business.

Full Transcript

here's the thing is that if you want to hire people smarter than you one you don't want everybody on your team to be all incredibly experienced and smarter than than you and everybody else because what happens is that when you bring someone with the experience who's very intelligent you know they have a lot of ways of doing things and that one person can mentor and teach a lot of other managers on the team and individual contributors but if you only hire people that are crazy experienced then what ends up happening is you give no room for growth for others and you also just kind of are topheavy meaning like you've hired too many experienced people and they also tend to all have differing opinions and ways of doing things and then Collide you have to have an offer for people that work for you what's growth opportunity how much proximity do I have to the CEO a way for smaller businesses to attract top talent is to give them more autonomy um because a lot of people leave big corporations because they want autonomy in a smaller business all the top talent that I brought in that was probably like the number one thing that they really valued