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#124October 15, 202018:17

Special Episode: How to Hire a CEO to Run Your Company with Andr…

CEO recruitmentDelegating operationsExecutive compensationPhantom equityCandidate background checks

About This Episode

Sam Parr interviews Andrew Wilkinson about his experience hiring over 20 CEOs to run his various portfolio companies. They discuss the transition from being a creative founder to delegating operations, the specific compensation structures used to incentivize leaders, and the importance of rigorous background checks.

Episode Description

The best business hack ever: Learn how to hire CEOs to run your company. This is a short preview of a special edition episode for Trends subscribers. In this ep, we talk to Andrew Wilkinson, founder of Tiny...a startup conglomerate that owns 20 different companies, each with their own CEO. This ep is for Trends members only but we wanted to give you a taste. For the full episode, along with eps like this, more research, and access to our community go to: https://trends.co/  See acast.com/privacy for privacy and opt-out information.

Key Takeaways

1

Founders who enjoy creative work but dislike management should hire professional CEOs, as specialized operators often execute better and increase overall profits.

2

Use phantom equity instead of real equity in multi-entity businesses to provide leaders with the financial benefits of ownership without the legal and tax complexities of actual stock.

3

Perform deep-dive background checks by hiring specialized firms to validate every claim and speak with past employers beyond the candidate's provided references.

Featuring

AW

Andrew Wilkinson

27 episodes

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Quick Stats

Duration18:17
Guests1
Ideas Discussed0
Topics5