Build with Leila Hormozi When To Fire & When To Coach | Ep 216
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Dec 9, 2024 Explore the emotional rollercoaster CEOs face when deciding whether to fire employees, balancing empathy and team success. Discover why hiring for cultural fit is crucial for growth and how it often supersedes technical skills. Delve into the differences between performance issues rooted in skill versus motivation, highlighting the need for targeted guidance and understanding team dynamics. Join the journey of navigating these tough decisions to build a stronger business.
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First Firing Experience
- Leila Hormozi recounts her first firing experience, hiring a friend who went 0 for 25 in sales.
- The emotional turmoil of this experience taught her the importance of separating emotions from business decisions.
Culture Trumps Skill
- Culture fit outweighs skill in hiring, as values are harder to teach than practical skills.
- Focus on hiring for values, as teaching soft skills like kindness is more challenging than teaching job-specific tasks.
Assessing Culture Fit
- When assessing culture fit, consider if you can teach the missing skill and how long it would take.
- Evaluate if teaching that skill is the best use of your time, considering company growth and other resources.