My First Million A Masterclass On Hiring A CEO To Run Your Company ft. Andrew Wilkinson
828 snips
May 20, 2024 
In this insightful discussion, Andrew Wilkinson, a seasoned entrepreneur with a $500 million portfolio across 40 companies, shares his expertise on hiring CEOs. He covers the critical first steps in the CEO hiring process and how to identify the right candidates. Wilkinson emphasizes the importance of thorough diligence and the role of in-person interviews. He also addresses the emotional challenges founders face when delegating responsibilities and the nuances of structuring fair compensation packages. A masterclass for anyone looking to elevate their business leadership!
AI Snips
Chapters
Books
Transcript
Episode notes
Delegation and CEOs
- Delegating tasks is a common entrepreneurial trait, culminating in hiring a CEO.
- This final delegation level allows founders to remain hands-off while maintaining ownership.
Andrew's CEO Journey
- Andrew Wilkinson ran Metalab for 10 years, initially enjoying it but later feeling burnt out and wanting to sell.
- Discovering the "third door" of hiring a CEO allowed him to pursue Tiny.
CEO Readiness Checklist
- Before hiring a CEO, assess your business's size and product-market fit.
- Aim for at least $300,000 profit to afford a reasonable salary and incentivize growth.
