Storage Wins EP023: When Is It the Right Time to Hire an Acquisitions Manager? - Thursday's Q&A Session
Alex received a question from Audrey asking when it was a good time to hire an acquisitions manager. He breaks down the people he hired, and in what order, to help give the audience a better idea of how he structured his business during the first few years. Some business owners might be afraid of sharing or splitting the profits, but Alex argues that it's a necessary part of scaling and growing your business. You can't do it alone! You need a team of all-stars!
Key Takeaways:
• Have a question? Feel free to message Alex!
• When is it the right time to hire an acquisitions manager?
• What kind of company culture do you want to build?
• Alex's business has gone through several pivots over the last five years.
• In 2013, Alex realized he couldn't wear all the hats if he wanted to scale his business.
• Alex was able to duplicate himself the moment he hired an acquisitions manager.
• Ask yourself, "What's the first hire you need to make?"
• Can't afford an acquisitions or sales manager? There's different types of compensation structures you can offer your team.
• You have to get over that money hump. You need to invest in people to give yourself more freedom to grow the business in other ways.
• Remember, the first step in all of this is figuring out what you want your business to look like.
• Alex breaks down each of his team's responsibilities.
• What are some of the things you should avoid in the hiring process?
• Hey! Do you like the show? Give Alex a review on iTunes!
Mentioned in This Episode:
The E-Myth Revisited by Michael Gerber
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