5 Things You Need to Know Before Hiring Employees | Ep 75
Build with Leila Hormozi
Leila Hormozi
5 • 867 Ratings
🗓️ 26 September 2023
⏱️ 15 minutes
🧾️ Download transcript
Summary
“The reality is in order to make the business a good functioning big business, we just can't keep the same habits.” Today, Leila (@LeilaHormozi) explores the top five mistakes businesses make when hiring employees, including hiring from the same pool of people and ignoring red flags during the interview process. She also emphasizes the importance of diversity of thinking and hiring for practical experience rather than just potential.
Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.
Timestamps:
(3:36) - 1st Mistake: Letting likeness blind you
(4:50) - 2nd Mistake: Hiring coaches, not player-coaches
(7:37) - 3rd Mistake: Ignoring red flags
(9:11) - 4th Mistake: Hiring from the same little incestuous pool of people
(13:22) - 5th Mistake: Hiring for potential, not for practical experience
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Transcript
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| 0:00.0 | You've got to either dig in and find out what the heck is going on, or you've got to say, |
| 0:04.0 | hey, this doesn't seem like it's a fit. |
| 0:05.6 | We're going to pass on this candidate. |
| 0:07.0 | And so it's just, it's really a mindset of understanding. |
| 0:15.2 | How do you create an unshakable business? |
| 0:17.6 | I cross $100 million in net worth by the age of 28. |
| 0:20.7 | Now I'm growing acquisition.com into a billion dollar portfolio. |
| 0:23.9 | In this podcast, I share the lessons I've learned in scaling big businesses and helping |
| 0:27.5 | our portfolio companies do the same. |
| 0:29.6 | Buckle up and let's build. |
| 0:35.9 | What I want to talk about today is something that has been really top of mind for me because |
| 0:39.9 | it's been top of mind for our portfolio companies, which is hiring. |
| 0:43.5 | And specifically having trouble hiring. |
| 0:46.4 | And this is something that we, at Acquisition.com, we put a lot of time into. |
| 0:51.1 | It's probably where I spend, honestly, like most of my time. |
| 0:53.8 | Like, I am heavily, |
| 0:56.0 | like, I consider myself an operator CEO, and I am heavily versed in HR and customer success. |
| 1:01.6 | And probably more HR right now than even customer success, because I think it's actually more |
| 1:06.4 | of a struggle for people. And the reason for that is if you hire the wrong customer success person, |
| 1:11.3 | it's going to make customer success suck. And it's like, you basically have to be the one |
| 1:14.5 | determining who's above all the departments. And so it makes it a function I think is more |
| 1:18.6 | important by nature. That being said, basically the struggle is like this week, I think I've had |
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