First Class Founders: Creators | Solopreneurs | Personal HoldCo

How to Build Your HoldCo with Michael Girdley

Mar 13, 2024

Learn from HoldCo legend Michael Girdley about building a successful HoldCo using the 'Right People, Right Structure, Right Mission' framework. Discover how to set up your business, find the best people, and get everyone excited about the same goal. Explore the joy of building a career around passion and joy and how to connect with like-minded operators for your personal HoldCo.

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Introduction

00:00 • 2min

Building a Business with the Right People and Mission

01:42 • 9min

Finding Associates and Sponsor Appreciation

10:18 • 2min

Effective Hiring and Relationship Building for Associates

12:46 • 2min

Exploring Effectuation and Structuring in Entrepreneurship

14:19 • 3min

Building a HoldCo: Challenges and Strategies

16:51 • 11min

Engagement with CEOs, Right Mission, and Operator Employment Model

28:14 • 2min

Navigating Business Incubation Strategies

30:43 • 5min

Crafting a Career Around Passion and Joy

36:10 • 2min

Connecting with Michael Verley and Hiring the Best Operators for Your Personal HoldCo

38:21 • 2min

E75: Michael Girdley (@girdley) needs no introduction. He's a HoldCo legend.

Today, host Yong-Soo (@YongSooChung) sits down with Michael to discuss how he has built a successful HoldCo. We talk about Michael's "Right People, Right Structure, Right Mission" framework, which he uses to build all of his businesses. Michael shares how to find the best people, set up your business the right way, and get everyone excited about the same goal.

On today’s episode, you’ll learn:

- PHC Organization Structure
- How to Propel the Business into Gear
- How to Build Your Own Holdco of Multiple Businesses
- 'Right People, Right Structure, Right Mission' Framework

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EXCERPTS:

The Journey: "And what I really discovered was that there's this interesting inflection points in people's lives to when they should sign up to be CEOs of different types of businesses." — Michael Girdley (06:24)

Joyful Career: "I think what people should be doing is thinking about the life they wanna live and the things they wanna be doing, and then build companies around that... joy comes from getting to do things that you really love. So build your business around things that give you joy that you get to do." — Michael Girdley (36:40)

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LINKS:

How to Hire the Best Operators for Your Personal HoldCo

HoldCo Masterclass

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First Class Founders is a show for indie hackers, bootstrapped founders, CEOs, solopreneurs, content creators, startup entrepreneurs, and SaaS startups covering topics like build in public, audience growth, product marketing, scaling up, side hustles, holding company, etc.

Past guests include Arvid Kahl, Tyler Denk, Noah Kagan, Clint Murphy, Jay Abraham, Andrew Gazdecki, Matt McGarry, Nick Huber, Khe Hy, and more.

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