Big Shot

How Business Legends Build The Best Teams

Sep 14, 2023

Learn how successful entrepreneurs build world-class teams, emphasizing the value of good partners and helping employees reach their full potential. Topics include partnership formulas, the importance of chemistry, making the first hire, building a brand, employee perks, integrity in hiring, making employees wealthy, and building a culture.

21:45

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Quick takeaways

Putting the right people around you is crucial for success, as talented individuals with complementary skills and creative freedom can achieve great things.

Creating a culture of love, respect, and integrity is essential in building a successful company that not only makes money but also helps society and enables employees to reach their full potential.

Deep dives

The Power of Building the Right Team

One of the main ideas from the podcast episode is the importance of putting the right people around you. Successful entrepreneurs and philanthropists emphasize that their teams played a significant role in their achievements. By hiring talented individuals with complementary skills and giving them creative freedom, great things happen. Building a world-class team and sharing success with them is considered a beautiful aspect of entrepreneurship.

Introduction

2min

The Value of Team Building and Long-Term Partnerships

4min

Ian Monroe: The Blueprint for Effective Hospitality

6min

A Different Approach to Social Class in the Hotel Industry

2min

Building a Successful Team with Service and Attitude

9min

It's cliché to say that you can see further when standing on the shoulders of giants. But it's also a mentality that has served some of the most successful entrepreneurs. No matter how brilliant the individual, great leaders know that building a world-class team can take a company from being a good idea to becoming a household name. And wise employees know that if they can find a leader who understands the value of a team, then the opportunity and upside can be unlimited. In this episode, you'll learn how four different founders approach building teams, the value of good partners, and how the best founders are obsessed with helping their employees reach their full potential.

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In This Episode, We Cover:

(00:00) Intro

(03:15) Charles Bronfman’s partner formula

(04:40) The importance of chemistry

(05:30) How Issy Sharp made his first hire at the Four Seasons

(10:30) Building the cornerstone of the Four Seasons brand

(12:55) Why Four Seasons employees can stay for free

(13:35) Aldo Bensadoun’s day 1 message to employees

(14:37) How Aldo built integrity into his hiring process

(17:55) Jonathan Wener’s focus on making his employees wealthy

(19:40) The difference between operating a company and building a culture