126: Building Your Dream Team: Hiring and Managing the Right People
March 11, 2024
Building the right team is crucial for entrepreneurs seeking to scale their business so they can eventually step away from the day-to-day operations. Regular evaluation and being willing to make tough and quick decisions is required.
In this episode of Dadpreneurs Rising, Carl Taylor discusses the importance of having the right team in place to build a business that can operate without you being involved in every aspect. He emphasises that you can't achieve this without assembling a synergistic, efficient team.
Building the right team is crucial for entrepreneurs seeking to scale their business so they can eventually step away from the day-to-day operations. Regular evaluation and being willing to make tough and quick decisions is required.
In this episode of Dadpreneurs Rising, Carl Taylor discusses the importance of having the right team in place to build a business that can operate without you being involved in every aspect. He emphasises that you can't achieve this without assembling a synergistic, efficient team.
Carl advises taking a close look at your current team members and evaluating their performance. Some may be high performers you want to keep, while others may be underperforming and need either additional training and support or eventual replacement.
When someone is underperforming, Carl suggests first taking responsibility and examining how you may have failed to provide them with the necessary tools, clarity, direction, or support for them to succeed in their role. However, he cautions against letting this process drag on indefinitely. The saying "Be slow to hire, but fast to fire" reminds us that a negative team member can quickly impact the entire team's performance.
If additional support doesn't lead to improved performance, Carl advises making a quick decision to replace that person. The logistics of whether to hire their replacement first or let them go immediately depends on the situation. The key is to act swiftly once the decision is made.
IN THIS EPISODE, YOU’LL DISCOVER…
- Why forming an efficient team is essential to building a business that works without you (00:38)
- The different people you might find in a team (01:04)
- The key to replacing someone in the team: make fast decisions and actions (03:10)
- A simple activity for business owners for building efficient teams (04:00)
WHERE YOU CAN FIND CARL TAYLOR