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Business Lunch

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.
41:50

Episode guests

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Quick takeaways

  • Acknowledge the need for change within the team to align with evolving business goals and encourage growth.
  • Addressing underperformance requires difficult discussions focused on metrics and clarifying the necessity for change in team dynamics.

Deep dives

The Importance of Upgrading Your Team

Evaluating the effectiveness of team members is crucial for business growth. Entrepreneurs must acknowledge that individuals who were once valuable may no longer align with the current demands of the company as it expands. It is essential to identify 'A players' who can facilitate elevated performance, but this process can be emotionally difficult, particularly when past hires may have personal connections. Business leaders must prioritize the company's needs over personal ties, ensuring that the team is capable of supporting the organization’s scaling efforts.

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