Dan Martell - September 19, 2016


How To Scale Your Team In 5 Steps


Episode Stats

Length

7 minutes

Words per Minute

215.23753

Word Count

1,696

Sentence Count

63

Hate Speech Sentences

2


Summary

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

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.400 Is this, is a button, is it too much V?
00:00:02.800 Do I got too much V?
00:00:12.720 Five steps to scaling your team.
00:00:15.120 You know, I'm going to share with you guys
00:00:17.480 how to get over the frustration of having people on your team
00:00:19.960 that don't share your vision,
00:00:21.280 or maybe you've tried to grow,
00:00:22.960 you've tried to grow and then you've realized
00:00:24.960 you're working twice as much and you're making less money,
00:00:27.640 or that you're always putting out fires.
00:00:30.100 This is a real issue.
00:00:31.180 I've been fortunate over the years
00:00:32.620 to have been responsible for hiring over 500 people
00:00:35.880 across my different companies.
00:00:37.400 And I really had to learn this the hard way
00:00:39.600 because the first two companies I started,
00:00:40.860 Maritime Vacation at 17, NB Host at 19, they both failed.
00:00:44.760 You know what the common denominator was?
00:00:47.120 No employees, no people, nobody else on my team
00:00:50.640 that was even there to support me in my vision.
00:00:52.620 But when I started Spheric Technologies,
00:00:54.520 the company that eventually grew 150% for four years,
00:00:57.860 year over year, and eventually getting acquired.
00:00:59.560 I started with four other people.
00:01:01.440 Now, if you've ever started a business with partners,
00:01:04.580 within the first month, one of them didn't work out,
00:01:06.860 and then the other three ended up
00:01:08.240 being more operational leaders,
00:01:10.260 and one was a co-founder,
00:01:11.720 then people that were like real partners,
00:01:14.800 but it doesn't matter.
00:01:15.640 At the end of the day, if you can get people on your team,
00:01:18.000 shared vision, shared alignment,
00:01:19.900 motivated, excited about where you're going,
00:01:22.720 then that is how you scale a team.
00:01:24.680 So I'm gonna break it down into the five S
00:01:27.020 or the five steps to scaling a team.
00:01:29.420 The first one is story.
00:01:30.660 Now there's a whole bunch of sub kind of areas
00:01:33.400 that you need to nail in the story
00:01:35.760 and really for each one of these different areas and steps
00:01:39.580 but I'm gonna give you one great example.
00:01:41.880 The first one is what wrong do you wanna right?
00:01:44.140 In your business, as you build a company,
00:01:46.440 when you started off, you need to ask yourself,
00:01:49.420 what wrong do I wanna right in the world?
00:01:51.640 For me, when I started with Clarity,
00:01:53.040 I just thought it was wrong that there's, you know,
00:01:55.380 10 times, 100 times more tech entrepreneurs
00:01:57.780 around the world starting software companies
00:01:59.780 that didn't have access and connection
00:02:02.180 to the smartest minds in Silicon Valley,
00:02:05.180 that was there, that I had access to,
00:02:06.860 that I've learned from.
00:02:08.060 I mean, I believe that success has a million fathers,
00:02:11.060 and I wanted to create a way for them to connect there.
00:02:14.260 That was the wrong that I wanted to write,
00:02:16.140 and I think that it's important for you
00:02:17.500 to ask yourself in your business,
00:02:19.060 maybe you don't have this, or maybe you know it,
00:02:20.600 and you haven't told it lately, but it starts with story.
00:02:24.260 Figure out that story, what wrong do you wanna write,
00:02:26.420 and share it with your team.
00:02:27.900 The second S in the framework is sourcing.
00:02:30.180 And again, there's a bunch of different ways
00:02:31.800 to source great talent, but one of my favorite strategies
00:02:34.720 that I wanna share with you guys is deputize.
00:02:37.180 You know people in your life that are connected,
00:02:39.820 that go to events, that talk to a lot of people.
00:02:41.740 Maybe it's a salesperson, another entrepreneur.
00:02:44.080 You need to deputize them.
00:02:45.860 Actually be like, you're anointed as the person
00:02:48.280 to discover great talent and bring them into my world.
00:02:50.600 So, I've known many times when I've been out in the world
00:02:54.040 and I've come across those incredible employees.
00:02:56.200 You know, the valet guy, the waitress at the restaurant,
00:02:59.980 the person that works at the bank teller.
00:03:01.740 And if I had a position in my company,
00:03:04.280 I would hire them on the spot
00:03:05.920 because they just had the right attitude,
00:03:07.420 the right skill set, the right whatever it was.
00:03:10.060 But what I want you to do is do the same thing
00:03:12.720 for amongst your friends and say,
00:03:14.700 look, if you ever find somebody that in this industry
00:03:17.700 is a technical person or a marketing person
00:03:20.000 or an operational person, I want you to give them
00:03:22.240 permission to send you an email with their name
00:03:24.240 and the company and it's your job to go find them.
00:03:26.640 So deputize is the strategy for sourcing.
00:03:29.500 Three is selecting.
00:03:30.520 How do you select the right person?
00:03:32.020 Again, multiple strategies.
00:03:34.040 My favorite one is really based on a lesson
00:03:36.760 I learned from Seth Godin.
00:03:37.960 I met with him once when I was starting off Clarity
00:03:40.620 and he really gave me some incredible advice.
00:03:42.260 But one of the things that he shared was,
00:03:45.500 I can't work with you till I work with you.
00:03:47.060 That's just a rule that he's had in his life
00:03:48.720 that I've adopted in my business,
00:03:50.480 that unless I've done a project with you,
00:03:53.060 worked with you, tested,
00:03:54.980 simulated the actual working environment,
00:03:57.620 then I can't work with you.
00:03:58.620 So that strategy is test, right?
00:04:01.020 And every position that I hire,
00:04:03.000 there's always a simple up to 10 hour test.
00:04:05.600 I pay up to $500 for that person, you know,
00:04:08.400 because I respect their time and the value
00:04:09.820 they're gonna create, but it's the same test.
00:04:11.600 Every person takes the same one,
00:04:13.140 and that way I have a very clear benchmark
00:04:15.060 to baseline them versus previous people
00:04:18.000 taking a test or maybe the cohort of people
00:04:20.080 that they're in the running for for that position.
00:04:23.420 So make sure that you test.
00:04:24.760 That is one of the best strategies
00:04:26.860 for selecting top talent to scale your team.
00:04:29.380 The fourth area is selling, okay?
00:04:32.180 Now, most people think that it takes money
00:04:34.260 to hire great talent and I will share with you
00:04:36.280 that is the fourth most important thing
00:04:38.840 that a person needs to understand.
00:04:41.060 It really comes down to selling, right?
00:04:42.840 So first is the fit.
00:04:44.480 Is this the best fit for their career?
00:04:46.500 Two is freedom.
00:04:47.680 Do they have the opportunity to be free in their decisions?
00:04:50.960 You're gonna delegate, you're gonna give them the authority
00:04:54.060 and you're gonna give them the responsibility
00:04:55.740 and resources that they need to be successful.
00:04:58.300 Third is family.
00:04:59.220 Make sure you incorporate the family
00:05:00.540 because so many times when entrepreneurs are hiring,
00:05:02.240 they don't think about the partner.
00:05:03.840 You know, the wife, the girlfriend,
00:05:05.560 that other significant person in their life
00:05:07.520 that really are gonna be involved in making this decision
00:05:09.760 and if you don't incorporate them
00:05:10.860 into your recruiting process,
00:05:12.120 it's gonna be really hard to get them on board.
00:05:14.200 And then the fourth is fortune, right?
00:05:16.200 which is really the money component of the business,
00:05:18.560 compensation structure, whatever it is,
00:05:20.780 it is not the most important, it is the fourth.
00:05:22.940 And last is fun, fun, fun, fun.
00:05:25.920 You gotta make sure your work environment
00:05:27.340 is gonna be a blast to work with.
00:05:29.080 Or these top people, these A players,
00:05:31.140 they don't need to work with you,
00:05:32.120 they have other options, they can do their own business,
00:05:34.360 they can keep doing what they're doing.
00:05:36.180 So it's your job to make sure it's fun
00:05:37.680 and all these other areas, including the fortune,
00:05:39.920 is key for selling somebody on joining your team.
00:05:43.620 The last one is structure, okay?
00:05:45.900 So how do you manage A players?
00:05:48.480 And there's a bunch of different strategies that I share,
00:05:50.960 but I really wanna leave you with this one
00:05:52.560 because I think it's really important when you think about
00:05:54.700 how do people get alignment in their actions?
00:05:57.900 Every day they get up and they say,
00:05:59.080 I could work on 100 things,
00:06:00.280 but what would you want them to prioritize?
00:06:02.780 What would you want them to focus on
00:06:04.560 based on these 100 things and your leadership?
00:06:06.920 And to me, it's done through a quarterly theme.
00:06:09.800 In your business, every quarter,
00:06:11.240 you should be doing a planning session.
00:06:12.700 And that planning session should look,
00:06:14.460 in the previous quarter and successes and lessons learned
00:06:16.760 and also start looking for the next 90 days in your business.
00:06:19.740 But part of that planning at the end,
00:06:21.800 once you've kind of figured out the strategies,
00:06:23.300 it's setting a theme so that everybody else in your company,
00:06:26.580 think about this, if you could get, you know,
00:06:29.000 if you have 10 people, 20 people, 100 people in your business
00:06:32.140 and they're pulling on different pieces of rope,
00:06:34.380 different priorities, but they're all pulling
00:06:35.920 in different direction, the business is gonna slowly move
00:06:38.860 and grow forward, but if you can get them all aligned
00:06:41.280 and you've got 100 people pulling that same direction,
00:06:44.360 the change will be astronomical.
00:06:46.300 So you need to make sure you give them a theme
00:06:48.540 for the quarter so that they could,
00:06:50.600 you know, one of my good buddies,
00:06:51.960 his theme for this quarter is stress the NPS,
00:06:55.040 the net promoter score.
00:06:56.780 It's a growth number that you can test,
00:06:58.940 you can go Google it to find out more about the NPS score.
00:07:01.140 But stress the NPS is his theme for his team
00:07:05.320 to focus on all their activities to improve the NPS score.
00:07:08.280 I think that is probably the most powerful
00:07:09.920 when it comes to the structure of how do you manage
00:07:12.380 and really lead a player.
00:07:14.740 So my question to you, what I want to hear from you guys
00:07:17.340 below in the comments is what have you done
00:07:19.520 to build your team from a culture point of view,
00:07:21.420 from a leadership point of view,
00:07:22.780 from even maybe a compensation and recognition
00:07:25.140 or rewards level, what have you been inspired
00:07:28.480 to create inside of your business?
00:07:29.620 Leave me a comment below and as per usual,
00:07:31.800 I want to challenge you to live a bigger life
00:07:33.640 and a bigger business and I'll see you next Monday.
00:07:36.040 If you want to see me wear other bright colored shirts,
00:07:38.560 be sure to subscribe to this channel
00:07:40.360 and I'd also encourage you to join my newsletter
00:07:42.680 where I send you invites to exclusive events,
00:07:45.280 free training videos, and community contests.
00:07:47.940 And if you want to get going with some more videos,
00:07:49.440 check out these couple I've got queued up for you.
00:07:51.440 I'll see you next week.