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The Tai Lopez Show

3-Steps to Build a World-Class Team of Employees for Your Business

The Tai Lopez Show

Tai Lopez

Business

4.86.9K Ratings

🗓️ 3 February 2017

⏱️ 36 minutes

🧾️ Download transcript

Summary

The Tai Lopez Show is now available on Soundcloud. Check it out here: Soundcloud.com/TaiLopezShow “Most people are mentally lazy without realizing it” - Tai Lopez (click to tweet) When you’re building a business, or as an entrepreneur just starting out in business, it’s easy to think that the employees you hire will have the same sort of passion, ingenuity, and drive for success that you do, but this is a mistake. Instead, start with the simple understanding and assumption that most people will be lazy, more mentally than physically. This means that you should start assuming that they will do the job wrong. This is not negativity, it’s realism. Secondly, build a training system that ensures that, from day one, they have all of the education that they need at their fingertips. Then, systematically and regularly quiz them, to make sure that they fully, 100% know what they are doing. This is one of the most important aspects of building a company, and I wish someone had told me to do it a long time ago. Entrepreneurs and business-owners, listen to this episode carefully and take notes! If you take it seriously and implement it, it will save you time and a lot of pain on your journey to success in business. “Build a training system that really gets your employees ready for success” -Tai Lopez (click to tweet) Points to Keep In Mind Parkinson's Law states that work will expand to fill the space that it is given An increase in productivity in each individual in America or any country would single-handedly fix its economy Most people are mentally lazy without realizing it Mental laziness is the most common kind: People just choose not to think very hard Assume that people will be mentally lazy, and that employees will leach off you Always assume that people will do the job wrong. This is not negativity, it’s realism Build a training system that really gets your employees ready for success Quiz employees continually Always trust, but verify People lie, but numbers never do, so trust but verify Put tremendous effort into making your employees best in class at what they do When you start to hold people accountable, you will immediately see the difference in their work “Put tremendous effort into making your employees best in class at what they do” - Tai Lopez (click to tweet)Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcript

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0:00.0

Out of the ashes you will rise.

0:03.8

If you feel sad, lost, depressed, finances are in the gutter.

0:07.7

Social life, you're lonely. Out of the ashes, you will rise.

0:12.0

Here are my garage.

0:14.7

Invest in yourself. Always be curious.

0:17.4

Don't be a cynic. Sleeping on a couch in a mobile home with only $47 in my bank account.

0:25.7

When everything's burnt to the ground, when your sad, lost, depressed, and everything's at rock bottom,

0:31.2

you get to rebuild the exact and precise way you want the damn thing rebuilt.

0:35.7

Health, wealth, love, happiness, each of these four goals.

0:42.7

In case you missed the last episode, make sure you go back and check it out. Here's what went down.

0:46.7

So many people miss out on life because anything like you said that they haven't heard growing up,

0:50.7

they'll be like, I don't want to try.

0:52.7

If you look at everybody who made money, billionaires, they experiment with something when other people thought it was crazy.

1:01.7

Coming up today, what Parkinson's law predicts it's a business term is that people will fill up their time.

1:07.7

You give them one hour worth of work, but you pay them for eight hours, they will make it slower.

1:11.7

It's called loss of productivity.

1:13.7

An employee working for you with Parkinson's syndrome where they're stretching out and not doing a good job and not aware.

1:18.7

They are stealing from you.

1:22.7

So Parkinson's disease means this, you're an entrepreneur.

1:30.7

You spend one hour a day on eight different things, marketing, you know, customer support, whatever it is.

1:37.7

So now you decide you're going to be smart, you go, man, eight hours a day, I'm doing one hour on these eight things.

1:43.7

It's eating up my whole day, I have no time to plan and do new things.

...

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