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Second in Command: The Chief Behind the Chief

Ep. 405 - Q&A from CEOs & COOs: The Ultimate Guide to Hiring a COO for Entrepreneurs

Second in Command: The Chief Behind the Chief

Second in Command with Cameron Herold

Entrepreneurship, Business, Management, Careers

4.5 • 1.6K Ratings

🗓️ 27 August 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In today's episode of the Second in Command podcast, Cameron explores the pivotal moment when entrepreneurs consider hiring a COO. You'll discover three key motivations behind this decision: the pursuit of financial stability, reclaiming personal time, and focusing on areas of personal strength within the business.

Throughout the episode, Cameron illustrates his points with anecdotes from his extensive experience, highlighting both successful integrations of COOs and cautionary tales where mismatches led to operational challenges. 

The advice you'll find here underscores the critical role of self-awareness in defining the position's parameters and finding a complementary match that enhances rather than disrupts the business's momentum and leadership dynamics.


If you've enjoyed this episode of the Second in Command podcast, be sure to leave a review and subscribe today!



In This Episode You'll Learn:

  • Why you should consider hiring a COO - financial stability, reclaiming personal time, and focusing on strengths within the business. (1:22)
  • Why the inability to develop employees due to time constraints and overwhelming opportunities needing execution may indicate that it's time to hire a second-in-command. (3:12)
  • Mistakes to avoid when hiring a COO or similar role, such as misjudging the appropriate title and responsibilities based on needs and budget. (4:29)
  • The importance of defining the role and scope clearly before hiring, including matching skills, personality, and leadership style to the business needs. (7:38)
  • And much more...


Resources:

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Transcript

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0:00.0

I'm Cameron Herald, the founder of the Second Command Podcast.

0:03.0

Really quick, before we jump into today's episode,

0:05.0

you need to know about two important ways that we can help you and your company grow.

0:09.0

Number one, check out the COO Alliance.

0:12.0

It's for C.O.

0:13.4

Presidents, BP Ops, or whoever is your company's second in command to the

0:17.2

CEO. The C.O. Alliance is the world's leading community for the

0:21.1

second in command command and it gives

0:22.8

COOs the tools and connections to grow themselves and the company.

0:27.2

Head over to C.O.Aliance.com to learn more about our members and the

0:30.8

results, the program, and our 10X guarantee.

0:34.3

If you qualify for membership, you can set up a complimentary call with our team to discuss if it's

0:38.4

right for you.

0:39.4

I'll tell you about number two in a bit, but first, let's start this week's episode. And if you're not number two in a bit but first let's start this week's episode and if

0:44.2

you're not growing your people you're not scaling the business my belief that is

0:48.6

that a leader's core job is to grow people and to continue to delegate more to those people and continue to grow

0:55.0

their skills, their confidence, and their connections.

0:57.6

So if you don't have any time to develop your people, hiring that second command can help free

1:01.8

of your time to do that. And then third is really that divide and command can help free up your time to do that.

1:03.0

And then third is really that divide and conquer opportunity.

1:05.6

When you just have so many opportunities out there in so little time or skill set to do it

1:10.0

so that you can bring on that good second and command who can help you execute

...

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