5 • 867 Ratings
🗓️ 16 September 2024
⏱️ 15 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 if I told you that there was one thing that if you focused on, |
0:03.6 | it would triple your revenue and double your profits? |
0:06.2 | That one thing is hiring. |
0:08.0 | Today, what I want to share with you is my three-part hiring framework. |
0:11.2 | If you don't know who I am, my name is Layla Hormosey, |
0:13.2 | and I have built and sold three businesses by the age of 28, |
0:16.0 | leading to $100 million net worth, where I use this exact framework to build all three businesses. |
0:21.3 | And the reason I want to share with you guys the three-part framework for how to hire the |
0:25.9 | right people for your business is because that was the most painful experience I ever went |
0:30.5 | through as a business owner. To have to fire people or flip people out feels very contrary to |
0:35.3 | everything I want to do. And I don't want anybody else that has a business to have to go through that pain again. |
0:39.3 | The first principle in hiring the right people is character. |
0:44.3 | What is character? |
0:45.3 | It's really the mental and moral qualities of a person. |
0:47.3 | They share the values of the business. |
0:49.3 | Because you can have someone that has great character, but it might be great for a different business. Whereas what we want is someone that has great character aligned with this business. |
0:58.0 | And so we want to figure out, are people aligned with your values? |
1:01.0 | The first time I realized that this was the main discrepancy in my hiring was we had a team meetup. |
1:07.0 | We were all in person, and there was about 120 of us. |
1:09.0 | And I walked down to the hallway of the team meetup. We were all in person and there was about 120 of us and I walked down to the hallway |
1:11.4 | of the team meetup and I sat there and thought to myself, these people don't share our values |
1:15.2 | because if they did, they wouldn't exhibit these behaviors. And people often ask me, how do you measure |
... |
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