Dan Martell - September 07, 2024


How to hire a world class CEO


Episode Stats


Length

29 seconds

Words per minute

255.75102

Word count

126

Sentence count

7


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, I talk about the importance of having a second person in charge at a company and how important it is to have a second CEO. My rule is: I try to find the number two at the number one company in the space. I learned that strategy by Richard Branson.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 My rule is I try to find the number two at the number one company in the space.
00:00:04.880 I learned that strategy by Richard Branson.
00:00:07.060 They had just launched Virgin Cruises.
00:00:09.160 And I said, well, how did you bring that guy?
00:00:10.720 For example, where did you find him?
00:00:11.940 He said, oh, he's the COO at Carnival.
00:00:13.800 So if I was buying a software to manage passwords, I would go, well, who are all the password
00:00:17.860 management software out there?
00:00:19.060 And who's the number two in command at these companies?
00:00:21.920 I would hire the second guy because those people are capable.
00:00:24.920 But for them to ever become number one, they got to wait for somebody to move on.
00:00:28.240 That could take like that might never happen.