5 • 867 Ratings
🗓️ 22 November 2024
⏱️ 22 minutes
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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.
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0:00.0 | What's up guys? Welcome back to build. And today I am answering your business specific questions. |
0:09.6 | So what I actually did is I had polled my audience on Instagram and I basically said like give me the top |
0:15.5 | questions that you have about business and I'm going to make a podcast on it and so this is me live reading through those |
0:22.1 | questions answering them with whatever comes up in his top of mind as an answer to these |
0:27.6 | questions so let's get started okay what traits to look for in people when building your finance team |
0:36.7 | interesting so my experience in building |
0:41.7 | out of finance team is, so what I actually did is I had pulled my audience on Instagram and I |
0:47.7 | basically said, like, give me the top questions that you have about business and I'm going to make a |
0:52.2 | podcast on it. And so this is me live, |
0:55.4 | reading through those questions, answering them with whatever comes up in his top of mind as an |
1:01.1 | answer to these questions. So let's get started. Okay. What traits to look for in people when |
1:09.3 | building your finance team? Interesting. So my experience |
1:15.4 | in building on a finance team is there's a few things. So one, most businesses don't need a very |
1:21.5 | large finance team. Finance has a lot of leverage because a lot of the times you're doing the |
1:26.9 | P&L. you're safeguarding |
1:28.8 | the company, you're putting procedures and processes into place, but most companies, you know, |
1:34.2 | you don't have a 50-person finance team. And so that being said, when I'm looking for somebody, |
1:38.6 | I'm not looking for somebody who's like a ladder climber who's like, how am I going to move up |
1:42.9 | in the company and I'm going to want to take on more and do all, it's like you ladder climber who's like how am i going to move up in the company and i'm going to want to |
1:44.5 | take on more and do all it's like you actually in that department specifically don't really want that |
1:50.5 | because you know most of time even in my companies that did multiple hundreds of millions you know |
1:55.6 | there's like five maybe at most 10 people in finance and like with, you know, AR and AP included in there. |
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