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What Self-Made Millionaires Have in Common | Bill Perkins
BigDeal
Quality Over Quantity in Team Building
Building a successful team involves identifying individuals who are more qualified and capable than oneself, following the principle of investing in 1% of the efforts of 100 individuals rather than 100% of the efforts of one person. This approach highlights the importance of surrounding oneself with talented professionals to increase effectiveness and success rates. The strategy includes networking, interviewing, assessing skills, and ultimately trusting the selected team. It emphasizes the value of leveraging networks and seeking individuals of integrity who bring diverse skills and expertise. The speaker believes in making educated guesses when selecting team members, especially when venturing into new industries, and the key factor remains finding the right people irrespective of the specific industry.
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