Dan Martell - October 28, 2023


You should hold this standard for all your employees


Episode Stats


Length

33 seconds

Words per minute

234.11978

Word count

129

Sentence count

5


Summary

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

In this episode, I talk about the value of having one person that can do the job of three, rather than three people at a third of the cost. Some people get into a position where they accept lower performance, or they throw bodies at a problem, and they underestimate how much cost the communication overhead is of having more people.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.080 Even if the person lives in Eastern Europe,
00:00:03.040 I expect them to show up as if I hired them in New York City.
00:00:05.960 I hold people to the same standard
00:00:08.600 in regards to their abilities, their skills,
00:00:10.520 their culture, vision, values, all that stuff,
00:00:12.480 as if they were hired in New York,
00:00:13.920 hired in Kelowna, wherever.
00:00:15.000 Some people, they get into the,
00:00:16.840 that person only cost me a tenth of what it would cost me.
00:00:19.000 So they accept lower performance
00:00:20.920 or they throw bodies at a problem
00:00:22.440 and they underestimate how much cost
00:00:25.080 the communication overhead is of having more people.
00:00:27.680 What I've discovered over the years,
00:00:29.000 I'd much rather one person that can do the job of three
00:00:31.240 than three people at a third of the cost.