5 • 867 Ratings
🗓️ 9 December 2024
⏱️ 19 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. |
0:02.0 | And today we're going to talk about making some of the hardest decisions that you have to make as a CEO or as a founder of your company. |
0:10.0 | I wanted to make this podcast because it was top of mind because it's just something that I've been coaching a lot of people on my team on doing and a lot of people in my portfolio companies, operators, leaders in their |
0:22.5 | companies, because I think this topic is not talked about as much as it should be. |
0:26.9 | And it's saying that we have to deal with all the time. |
0:28.8 | And that is firing people, letting people go. |
0:32.1 | Now, I made a podcast on this recently, but I think, honestly, it was more instructional. |
0:39.4 | And I really want this one to be one that I'm just going to kind of give you all of my thoughts around this because I have a lot and I have |
0:45.7 | to make these decisions quite frequently, whether it's from my company or another company, |
0:49.8 | and I have to guide people on these decisions literally every week. And so I think that it would be really |
0:54.7 | helpful for some of you who maybe struggle with should I keep this person on the team or not. |
0:59.9 | I will tell you that though I sound composed when I talk about firing people, guys, I hate it |
1:06.3 | just as much as anybody else. Most of the time before I have to let someone go after a decade, a decade |
1:12.2 | of firing people, firing probably close to a hundred people personally myself, I still feel like |
1:19.2 | my heart is going to jump out of my body before I do it. I have stomach ache the days before |
1:24.8 | and I feel terrible. And the reason I feel terrible is because I think |
1:28.4 | what makes me love my job and what makes me good at what I do is also what makes those things |
1:33.3 | so hard for me. And that is the fact that I care about people. And I think about all the things before |
1:37.9 | I feel like someone to go. I think about the fact that they quit a job to be here. I think about |
1:42.3 | the fact that maybe they moved to work at our headquarters. I think about the fact that maybe they moved to work at our headquarters. |
1:45.5 | I think about the fact that they're gonna be really upset |
1:48.0 | and I'm not gonna be able to be there for them. |
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