Your Employees Should Be Smarter Than You
Summary
- To scale your business without being the key person, you must hire individuals who are genuinely smarter than you in their respective roles.
- It's essential to find team members who can actively contribute ideas and solutions, rather than just learn from you.
- When you ask a new hire what could be improved or initiated, and they provide insightful answers, that's a sign of a smart hire.
- A sign someone isn't smarter than you is if they can't pinpoint areas for improvement or add value without your guidance.
- Strive to fill every position in your company with people who are more skilled than you in their specific tasks.
- The ultimate goal is creating a business where you are seen as the least knowledgeable person, allowing the experts to run it effectively.
- If you can successfully hire individuals smarter than you for all roles, the business will not only function without you but will likely thrive.
- By being the least essential person in your company's daily operations, you can step back and simply collect dividends as the business excels.
Video
How To Take Action
I would suggest starting by evaluating the current team and identifying gaps where someone could perform better than you. Look for the areas in your business where you might not have the strongest skills. Once you understand where you need help, focus on hiring individuals who are experts in those areas.
Remember, a good way of doing this is by asking candidates during interviews what they think could be improved in your business. If they provide insightful answers, they are likely a smart hire. They should not only be able to identify problems but also suggest solutions and initiatives without needing your guidance.
When filling positions, aim to hire people who are more skilled than you in their specific roles. This means putting aside ego – you want to be the least essential person in the day-to-day running of your business. These experts should bring a new level of expertise that allows the business to not only run without you but to thrive.
Keep in mind, after hiring these individuals, let them do their jobs. Your role becomes more about oversight and strategy, rather than being involved in every detail. This shift will enable you to step back and potentially just collect dividends as the business excels.
In other words, focus on recruiting top-notch talent for your weak spots, ask the right questions during interviews, and once you've got the right team, trust them to take charge. This approach will help you scale your business while making you less critical in the daily operations.
Quotes by Alex Hormozi
"how do you scale the business so it's not relying on you"
– Alex Hormozi
"you have to find people who are actually smarter than you at the stuff they do"
– Alex Hormozi
"I mean that they literally are better at their job than you"
– Alex Hormozi
"what do you think we should be doing that we're not doing and then they actually have answers"
– Alex Hormozi
"the business shouldn't be relied on you because you are literally worse than everyone at everything"
– Alex Hormozi
Full Transcript
how do you scale the business so it's not relying on you is that you have to find people who are actually smarter than you at the stuff they do I know this sounds crazy because everyone nods their head and says yeah you got to find smart people but when I say that I mean that they literally are better at their job than you meaning this is what it feels like when this person starts you say what do you think we should be doing that we're not doing and then they actually have answers not okay so this is kind of how we do things here let me tell you where this stuff is okay yeah that wasn't good we'll work together on that that is not somebody who's better than you at the thing they to be better than you and you do that on each and every role and when you do that on each and every role the business shouldn't be relied on you because you are literally worse than everyone at everything you just make things worse and then they're just like go away and you're like fine I will go away as long as I get my dividends