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Second in Command: The Chief Behind the Chief with Cameron Herold

Ep. 262 – When To Hire A CEO And A CFO

Second in Command: The Chief Behind the Chief with Cameron Herold

Second in Command with Cameron Herold

Entrepreneurship, Careers, Management, Business

4.9225 Ratings

🗓️ 16 March 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

Do you know when you should hire a COO? Do you know when you should be incentivizing them with equity or stock options? In today’s episode, Cameron will examine these questions and provide insight on the right time method for hiring a second in command. He’ll offer thoughts on when you should look at hiring […]

Transcript

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0:00.0

I've coached companies in 26 countries. I've also done paid speaking events on every single continent including Antarctica

0:06.4

So I'm very you know comfortable with working with clients around the world. You do not have to give out equity to get good employees.

0:13.2

Gen Y has gotten very good at asking,

0:16.0

and Gen X and baby boomers have got really bad at saying no.

0:19.4

And we need to get better at saying no.

0:21.7

I'm going to pay you fairly. I'm going to take care of you, I'm going to create a good company, a produced by the COO Alliance and brought to

0:40.5

you by its founder Cameron Herald. In the second in command

0:43.9

podcast we talked to top COOs who share the insights, strategies and

0:48.6

tactics that made them the chief behind the chief. And now here's your host Cameron Harold.

0:55.0

Do you know when it's the right time to hire a COO?

1:00.0

Do you know when to incentivize them with equity or stock options?

1:06.8

In this episode you're going to hear my thoughts about both. So many CEOs mess up in hiring a second in command.

1:13.2

So often CEOs CEOs hire too early or too late.

1:17.2

And as recently as today, I had to talk a CEO off a cliff

1:20.4

when their potential CEO insanely was asking for 20% equity in their company.

1:25.0

You're going to be sharing this episode with Friends for sure.

1:28.0

Most businesses when they start out, the owner, the founders, the CEO is everybody else too, right?

1:39.3

How do you know when you actually need to engage or to get a COO.

1:47.0

And where are you calling in from?

1:50.0

I'm in New York.

1:51.0

Oh, cool.

1:52.0

Hi, Thomas.

...

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