CEO Lessons: Bulls**t Mission Statements, Firing People & Saying…
About This Episode
Sam Parr and Shaan Puri share the management lessons and 'hacks' they've learned from building and selling companies like The Hustle and Native. They discuss the evolution of their philosophies on hiring high-tier talent, conducting rigorous reference checks, and replacing grand mission statements with honest lifestyle goals.
Episode Description
Show Notes
- 0:00Intro
- 3:00Doomed Mission Statements
- 7:00Hiring people you want to be around
- 12:00Naming, Branding and Trademarks
- 17:00How to make better hires
- 26:00Ambitious Goal Setting vs Achievable Goal Setting
- 31:00Not losing my shit
- 35:00Firing 101
- 38:00Focus vs. Saying 'no' too much
- 46:00Pre- vs. Post-product market fit
- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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Key Takeaways
Use 'anti-goals' alongside performance targets to define specific traps to avoid, such as sacrificing personal time or profit margins for the sake of growth.
Replace traditional interviews with paid work tests where candidates are paid to complete a real task, allowing you to judge actual output instead of interview skills.
Conduct 'backdoor' reference checks by asking a candidate's provided references for names of other colleagues they worked with to get a more objective, unfiltered perspective.