"Experience has to have context. Otherwise, it actually can be more harmful than good." Today, Leila (@LeilaHormozi) shares the importance of having experienced members on a team to expedite business growth and minimize mistakes. She explains how to identify and hire experienced team members based on industry, role, and company type and how it can greatly decrease risk and increase the chances of success.
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.
Timestamps:
(2:24) - Lack of equity understanding leads to dissatisfaction.
(4:36) - Lack of experience/expertise leads to problems.
(5:58) - Inexperienced founders hire industry/role-experienced people.
(8:16) - Assess experience through industry, role, and company type.
(11:04) - Experienced hires reduce risk and accelerate growth.
(11:47) - Experienced new leaders decrease the risk of company failure.
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