The Lazy Millionaire: I Own 40 Companies, But Don't Run Any Of Them

Steal our writing frameworks that have made us millions 👉 https://clickhubspot.com/cpy Episode 587: Andrew Wilkinson ( https://twitter.com/awilkinson ) teaches the exact step-by-step process he uses to find, diligence, hire, and transition a great CEO. Get Andrew’s CEO Hiring Guide and Checklist - https://tinyurl.com/ms8938kn — Show Notes: (0:00) Intro (1:46) Why you need a CEO (4:47) The third door: leave the business, keep the cash flow (9:35) Get back to your flow state (11:35) Step 1: Are you ready to hire a CEO? (16:05) Is this going to hurt my business? (17:37) Step 2: Find the RIGHT CEO (19:07) Hiring a recruiter (22:30) Look for a #2 with the right hammer (24:23) Be a collector of people (25:21) Step 3: Diligencing the candidate (28:16) Green flags, yellow flags, and red flags (33:33) 2x not 20x (35:55) Step 4: First 100 days (37:51) Don't poison the water (39:29) Flesh wounds not mortal wounds (41:22) Meet them in person (41:48) More on diligencing: Trust but verify (44:06) The DIY path (46:20) Step 5: Negotiating and structuring compensation (48:08) Uncapped bonuses vs equity (51:34) Myth: Is a founder-led business always better? — Links: • Never Enough - https://neverenough.com/ • Srch - https://www.srchpartners.com/ • Business Intelligence Advisors - https://www.biadvisors.com/ — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents. — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • 💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano