SUMMARY:

In this episode, Aaron and Terryn dive into a critical topic for visionaries and operators alike: How fast can you start making money from a new hire? They explore the complexities of hiring, onboarding, and setting realistic expectations for return on investment (ROI) when bringing new team members into your business. From navigating the financial strain of hiring to balancing the need for experienced doers versus raw talent, Aaron and Terryn share practical insights on aligning new hires with your company’s culture and goals. Key takeaways include the importance of a robust onboarding process, creating standard operating procedures (SOPs) to streamline delegation, and understanding your business’s financial capacity before hiring. They emphasize the value of patience, leading by example, and leveraging tools like the Gap Analyzer to identify team gaps and delegate effectively. Whether you’re hiring for a new venture or scaling an existing one, this episode offers actionable strategies to ensure your new hires contribute to your bottom line without compromising your company’s unique vision. Minute by Minute:

0:00 Introduction

2:14 How quick can I start making money off this person?

4:23 Hiring cheap vs going for experience

7:15 Replicating yourself and delegating

9:56 The thing about rushing somebody in

12:00 Do you have the funds to hire someone yet?

15:47 Laying out systems and processes

19:48 Be patient