Navigating Growth: Upgrading Your Team for Success

Aug 15, 2023

In a revealing conversation, Ryan Deiss, a business partner of Roland Frasier, shares his expertise on upgrading teams for growth. They discuss the emotional turmoil of transitioning from loyal employees to high-performing 'A players.' Ryan emphasizes the need for strategic decision-making in hiring and the importance of conducting skills audits. The duo also tackles the complexities of rebranding, using the examples of Twitter's transition to 'X' and Overstock's acquisition strategies, highlighting the deeper implications behind surface changes.

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INSIGHT

Team and Growth

To reach your goals, hire people who can take you there.
Brute-forcing growth alone can damage health, relationships, or lead to burnout.

ADVICE

Growth Thresholds

Identify key growth thresholds (e.g., 100k, 300k, 1M, 3M).
People hired at one level might lack the skills for the next.

INSIGHT

Team Fit

Sustained scaling suggests a good team; slowdowns hint at mismatches.
Compare your growth to competitors to identify people issues.

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Welcome to another insightful episode of "The Business Lunch Podcast" with your hosts Roland Frasier and his esteemed guest, business partner Ryan Deiss. In this thought-provoking episode, Roland and Ryan delve into the complexities of growth, team dynamics, and the challenging decision of upgrading to an all-A player team.

As Roland and Ryan candidly discuss, the age-old question arises: "If you decide that you want to do something out of the kindness of your heart, or just to say thank you, that's cool. But then you have to ask yourself, the question is, am I going to let my guilt or my generosity damage the ability of the company to grow?"

The episode concludes with Roland and Ryan setting the stage for the next segment: finding the right people for the job and navigating the transition. They wrap up by highlighting the crucial lesson that having the right team is the cornerstone of achieving business growth, underscoring that recognizing the need for change is the first step toward ensuring success.

Tune in to this episode of "The Business Lunch Podcast" to gain invaluable insights from Roland Frasier and Ryan Deiss as they navigate the intricacies of evolving business teams, fostering growth, and making the tough decisions that ultimately drive success.

HIGHLIGHTS

"As entrepreneurs and CEOs, acknowledging the need for change is paramount."

"The emotional aspect of transitioning from employees who were once perfectly aligned to A players who can take the business to the next level."

Every challenge in business ultimately boils down to leadership."

TIMESTAMPS

00:00: Introduction

02:12: Losing People

03:42: Friend Or Employee

04:40: Deal With What You Have

05:48: The Right People For The Job

07:31: The Perfect Team

CONNECT

• Ask Roland a question HERE.

RESOURCES:

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