Fire bad employees now. A $100 million lesson...
Fire bad employees now and hire the right people is the difference between you making 1 million and 100 million dollars. If you don't have right people you could easily lose everything...ouch..
Yes the difference is x100... My mentor Eben Pagan who I've been learning from said it's totally true in his business... I can't argue with his results... :)
The secret is: “Getting the Right People On and the Wrong People Off the Bus”.
Disciplined people: Put “Who” before “What”.
You are a bus driver. The bus, your company, is at a standstill, and it’s your responsibility to get it going.
Let me explain... Jim Collins in his book "Good to Great" done the research and here's what he found that level 5 leaders understood these three simple truths:
1. “If people are on the bus because of who else is on the bus”. Rather than having a specific current direction, the organization can more effectively adapt to a changing world;
Hire Only 5-star employees and fire anyone who's lower.. Yes, fire even 4-star people because the small amount they are missing can screw it up for 5-star people... They might leave because of the deficiency of those who are lower... After all you want to keep them happy?
2. If the right people are on the bus, “the problem of how to motivate and manage people largely goes away” because the right people are self-motivated by the inner drive to be part of creating something great and producing the best results.
3. If the wrong people are on the bus, it won’t matter if the company has the right direction, the company still won’t be a great company.
That's the gem I found recently by reading some Jim Collins from his book "Good to Great".
Gene Adam
Sincerely,
You passive income guy
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