Why You Should Hire From The Top Down
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 23 June 2023
⏱️ 7 minutes
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Summary
When growing your business, hire from the top down...
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Instead of hiring from the bottom up, hire from the top down. When hiring from the top, you really only have to find one great operator. Once you find your operator, they should handle the lower-level hires as well as taking work off your plate.
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | Yeah, you know speaking of hiring from the top down. So this is a concept I've always talked about and |
| 0:05.4 | What I see for students and it's this like most people hire from the bottom up |
| 0:10.2 | So they say hey, I'm gonna hire an admin. I'm a hire this guy. I'm a hire that guy and you know |
| 0:14.7 | I'm keep hiring these people and then from there |
| 0:17.2 | You know they realize that they are both the CEO and the COO because they have to manage all of these people |
| 0:22.8 | They've hired themselves plus they're the ones coming up with the ideas and you know running the company and all that stuff |
| 0:28.8 | So what I teach is I'm like hey hire from the bottom down or sorry hire from the top down and |
| 0:34.9 | You know what that means is let's hire the operator first so that the operator can now hire this person this person this person that person |
| 0:42.9 | And then you know they're the ones managing him. So now I just had to hire one legit person and let them do it. So |
| 0:49.6 | You know that's usually why a partner with people because they're gonna come in and be that person. That's why |
| 0:55.9 | You know acquisitions work great because they already have like the operating team |
| 1:00.1 | But you know with media to to hobby's point, you know |
| 1:03.9 | We went into it like knowing it was gonna be good |
| 1:07.8 | We had like already teams built out, but there was no clear partner operator or anything |
| 1:14.5 | But we knew we wanted to get it going because there was just so much demand for it |
| 1:18.6 | So you know instead of like waiting months to find like the perfect operator with no sales and |
| 1:24.9 | You know not knowing the problems we had encounter we were like let's just go for it and hobby you're gonna be the operator. Yep |
| 1:33.3 | Until you know we identify who we need and the problems and everything else |
| 1:37.5 | So you know you've basically been the operator for you know the last few months |
| 1:42.3 | Which has been a good thing too because I get to like I see every aspect of the business right I was on sales calls in the very beginning |
| 1:49.4 | I've been on calls with our editing team. I've like given feedback on our edits |
| 1:54.9 | You know so I've been able to have it get a glimpse into how the business should operate |
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