10 Hiring Rules Every CEO Must Follow in the AI Era
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Summary
With everything going on with AI and ChatGBT, these are 10 things you need to know before you hire anybody in 2025 or 2026. 1. Write up an email for me. 2. Do on the job interviews. 3. Don t lose the difference between the two. 4. Hire the person who can answer the phone. 5. Don't let the person you're looking for lose the job.
Transcript
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With everything going on with AI and ChatGBT, these are 10 things you need to know before you
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hire anybody in 2025 or 2026. Here's why. This year alone, we have 27,000 resumes that have
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been submitted to us. We've interviewed roughly 4,000 of them, hired 160 of them. Right now,
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we have 41, 42 job openings that are people that we want to hire before the end of the year.
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But these are 10 things I want to share with you as a CEO or a business owner to do before hiring
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Okay, if you get value out of this video, give it a thumbs up and subscribe to the channel. And
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if you're watching this, maybe you don't run a business, you want to find out what our 43 job
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openings are, click on the link below. It'll tell you all about it on vt.com forward slash careers.
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Let's get right into it. With ChatGBT, here's what we've noticed has taken place. You could interview
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somebody. And if the assignment you give them, they do at their house and they send it to you,
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it looks so impressive. But I don't know if you have critical thinking. How am I going to be able
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to decipher between whether you did the thinking or perplexity did it or Gemini did it or OpenAI did
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it? I don't know how to do it. So we have to mix it up because if you don't, there's never been a
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better time to fool the interviewer than today because of ChatGBT and AI. So number two,
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when you're interviewing somebody, do on the job interviews. For instance, the other day I got a
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guy that comes in, this was a few months ago, and he wanted to work for our marketing department with
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YouTube Creator Studios. And he comes in and I says, so have you worked with YouTube before? Oh yeah.
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Have you worked with Spotify? Absolutely. So you know everything about YouTube? Oh yeah. Okay, great.
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Here's our Creator Studios for our Valuetainment channel. I want you to go
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find PBD Podcast channel and see how many subscribers we got last week. So I pulled the
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chair right next to him and I said, go ahead. I hand him the phone. I said, oh, it's easy. And he starts
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going like this. One minute, two minutes. And then he starts going like this. And by the way, let me just
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tell you how long it should take you. Ready? One, two, three, four, five. Five, and then I put seven
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days. That's it. I can tell how many subscribers we got the last seven days. He's sweating. His face
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is red. I said, are you good? He says, I'm sorry. I just don't know how to do this. He said, I would
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have learned on ChatGBT. I said, I don't need to hire somebody here to teach them YouTube. I want
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somebody that already knows how to do this for the position that we're hiring. And he's just like,
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you know what? I'm probably not good for this job. Yesterday, we're hiring for a couple engineers.
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The engineers come in. One in the 90 percentile, one in the 75 percentile. Salary gap is massive.
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So we like the guy in the 90 percentile. We put him right in front of the computer. We give him a
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small little thing to code. He starts coding. He says, man, it's been a long time. I'm a little
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bit rusty. His words. Takes him 20 minutes. Then the other guy at the lower percentile comes in.
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Two minutes, he gets the job done. We wanted the other guy because his resume was fat and
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impressive. But the other guy didn't have that fat and impressive of a resume. But he was a better
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coder than the other guy on the job training. Somebody comes into our cigar lounge, our bar,
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the boardroom. Have you been a hostess before? Have you been a waiter before? Have you been a
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waitress before? Yes. Show me how you carry the plates. Oh, boom. Nope. This person doesn't know
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me. Kel's like, this is not our person. Pour me, make me an old fashioned. Uh, uh, uh. Nope. Not the
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bartender. Can you do it? Everything moving forward has to be in a way of somebody doing it right in
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front of you. Customer service. Perfect. Can you answer the calls for me? Let's role play. How would
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your answer this? Okay. Next cold call. Go ahead and give me a script. The last company
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you worked for, we know how to make cold calls. How did you do it? Great. Write up an email
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for me. I'll go, boom. Okay. So you notice this person doesn't know the difference between
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lose, lose, lose. These are the things that you're interviewing people today on the job
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type of interviews. Number three, case studies. The case study type of interviews that we do
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is very important to us. So somebody comes in on the HR side, let's just pay, take, or somebody
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comes in on the finance side. We will say one department has a budget for this much money.
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They apply for a purchase of $200,000. Their max is $50,000. What do you do? Well, I wouldn't
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do anything because I already have the controls in place because whoever we bank with, whether
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it's Bells, BVA, Chase, I've already put the controls for that employee because on the Wells,
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this guy knows what he's talking about. Next person. So let's just say we have an HR issue.
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A couple start dating each other. One is from one company. One is from the other company.
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They date. Something happens. How do you handle it? Oh, it's very easy. This is how you bring
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them both together. First, you do one-on-one interviews. And then, uh, uh, uh, uh, you don't
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know. All right. So let's just say we have an HR issue that takes place with such and such,
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with health, with this. How do you handle this? They don't know how to handle it. There has
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there has never been a more important time to be interviewing people asking case study type
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questions in the moment, not get back to me, not even on zoom face to face phone set aside.
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So nobody's sharing with them on critical thinking because they're giving you the answer.
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Number four is HR. Let me explain to what I mean by HR. Earlier today, I'm having a conversation
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with one of our clients at bit David consulting. You want to learn more about it. Just go to bit
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David.com. It'll tell you all about our consulting from that. We do for 10,000 businesses, 60 plus
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countries. One of the guys I'm talking about is he wants to hire somebody in the HR side.
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So listen, I'm paying this company $10,000 a month to give me four employees a month.
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I said, why don't you just hire somebody internally? But maybe they're not a talent acquisition
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person. I said, perfect. When it comes down to hiring HR people, ask what they did.
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What do you mean? Let me explain. Say you're hiring somebody that's going to be a HR manager.
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The job of HR, some people are good at talent acquisition. Some people are good at employee relations.
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Some people are good at data. Some are there for the benefits. They understand the 401k,
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health insurance, GNA, you know, whatever the companies are AD. There's so many of them,
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right? And if some people are good at taking care of the property to place the real estate,
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right? Say I bring an HR manager in. Yes. You ask them. Say you need somebody. The number
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one reason why you're hiring them is because of talent acquisition. Number two is benefits.
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So let's do talent acquisition. So Mary, how many interviews have you done in your career?
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What do you mean? Talent acquisition. How many job interviews have you done?
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Probably 20. It stops right there, right? Especially if you're willing to pay, let's just say in the 75
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percentile. Somebody else comes in. How many job interviews have you done in your career?
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I don't know. 500 plus. Really? How many have you placed? Probably 60 jobs. Did you make the offer? Yes.
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Yes. Okay. What were some things you learned in the first hundred interviews you did that you no longer
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do and the stuff that you're doing in the last 50 interviews? I used to ask this one question,
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but it was not necessary. The last 50 interviews I've done, these are the three questions I asked.
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Would you mind sharing it with me? Boom, boom, boom. This person knows what they're talking about.
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Okay. So if I were to come up to you and tell you, I need five engineers in such and such department,
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and I need full stack developers, what would you do? Very simple. One, I would do this. Two, I would do this.
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Three, I would do this. Four, I would do this. This person knows more about what to do.
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Asking questions, and then I go to benefits. When it comes down to benefits,
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which one of the organizations have you? I work with GNA. I work with this. I work with that.
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I can tell you locally for Florida, the Florida blues and as good of a program,
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or it is a better program than this is. Now we're talking about somebody,
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but asking more specific questions, especially when it comes down to HR.
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Number five, non-business activity. When you're hiring somebody, ask them,
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what type of non-business activity do you do? What is non-business activity?
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Church, charity. Well, you want some people that are coming in here
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that have non-business activity, that have people skills, they're out there,
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they're active, they're happy, they're doing things,
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they're going to bring that positive energy into the environment.
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You want people that have a lot of non-business activity,
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that there's other things that they're excited about, better energy to be here.
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Number six, references. Too often companies don't call the references.
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They're lazy about it. They wait for someone. Yeah, I just called. He's good.
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He's good. What did you ask him? No, no, he's good. He's good.
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How do you ask the question? I'm just asking. It's a good question. He's good.
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Can I hear the call you make? Show me what kind of a call you make.
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And if you're watching, you may say, well, how should I ask the question?
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If you call anybody, typically employers are not going to give you the truth
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of a previous employee because they don't want that conflict.
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But if you ask and say, look, from one executive to another,
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you know what it's like when somebody doesn't give you the right references
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and you're hiring somebody, would you mind just leveling with me?
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Would you ever rehire this person again? Never.
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So your job to get better references is based on how you set it up,
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how you frame the whole thing so the individual is willing to give you references on the people you're hiring.
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Number seven, gaps in a resume. What happened between 2021 and 2023?
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I was taking care of my father at 48 years old.
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So you have plenty of savings in place. Oh, yeah. I just took two years off.
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Got it. So you didn't have any other job in anything else.
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No, I was just doing freelancing. Now it's a 50 50. Okay.
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Okay. On what you do now, some people may say, honestly, I was working at another company.
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Didn't end well, so I didn't put on the resume.
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I prefer you tell me that. That tells me this person's got strong character.
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Just the other day, we decided to team up with a company we invested in
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simply because when I went to their company to visit them
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they were so honest about the mistakes they made in the last five, 10 years.
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I said, I can work with these guys. Let's invest into this company.
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You want that. But the gaps, ask the questions to find out what the gaps are.
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Number eight. And by the way, short stint at companies.
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If they're like one year, one year, we just looked at a resume last week.
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Very qualified person, eight jobs in eight years.
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How long do you think this person is going to be at our company?
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Because the moment it gets tough, either they fired the person or this person quits.
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So look for the gaps in the amount of time, the short stints that work that company as well.
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Number eight, very important question I ask when I'm hiring people.
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I'll say, you're an executive, qualified, nice resume.
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Tell me about the top three best CEOs you work for.
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How many founders have you worked for? What do you mean?
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There's a big difference between working for a corporate CEO and working for a founder.
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Have you ever worked in a startup environment before?
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If you're running a startup, and if you know the difference between working for a CEO and a founder, it's a night and day.
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A CEO comes in, probably makes a half a million dollar salary, plus a 50% bonus, plus some stock options, maybe an L tip, and they go get their job done.
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But their life savings is not tied to the company.
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The founder, their life savings is tied to the company.
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The pressure of working with a founder is a lot higher than the pressure of working with a CEO.
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Working with a CEO is like, boom, chop, chop, chop, chop, chop, chop, chop, chop.
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If you choose to hire the individual, I have in many cases who have never worked with a startup.
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You best manage expectations with them clearly up front.
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Because sometimes people just sell the dream of the company only.
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We would like to build a $100 billion holding company within the next 20 years, but let me be upfront with you.
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We're at a phase right now where it's a very challenging phase.
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We just hired 160 people in 2025 from a bunch of different cultures.
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We're trying to get everybody to work together, and it's high-octane, intense.
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If you're working at Bed David Consulting, you're probably working 60 to 80 hours every week.
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If you want to have a fighting chance, I'm making it.
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If you do 80 hours a week within three years, you could be making between this and this, and that's what it's going to look like.
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Sell the dream, sell the vision, but sell the truth.
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Tell them the truth on how it is, because if you just sell them the dream, and they don't find out about how hard we're going to be working,
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and this person doesn't want to roll off the sleeves, and guess what problem?
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Tonight, I'm going to go meet with somebody at 8 o'clock tonight.
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And this is probably the fifth meeting I'm having with this guy.
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I'm going to meet with him, and we're going to say, do you want to do this, or do you just want to come in corporate executive type?
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Because if you want to do this, let's go take over the world.
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If you don't, we're probably not going to be a good fit.
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This is exactly the conversation we're going to be having with this person.
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And last but not least, if you're hiring C-suite executives, and you're going through saying, I want to hire a marketer,
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marketers will come up to you like a CMO or director of marketing or VP of marketing, and they'll say, look at the amount of impressions I got.
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There's a reason why, according to Harvard, there's an article that says, why CMOs never last.
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The lifespan, according to, I want to say, this is according to Harvard.
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CFO's lifespan at a company, on average, 5.1 years.
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Because CEOs get so annoyed with CMOs, because it's not tied to a certain number.
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Instead of hiring CMOs, consider doing it Chief Growth Officer, Chief Revenue Officer.
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By the way, the CEO of Starbucks right now is one of the best CMOs we ever had.
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He's one of the only guys that went from CMO to be in a CEO of two major companies, Chipotle and Starbucks, Brian Nickel.
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But very rarely do you see CMOs becoming CEOs, because it's all hypothetical.
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I'm expecting you to increase the revenue by 48% the next 12 months of your year.
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Can you take on a pressure like that and tie your bonus and your equity to it?
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These are just some things for you to be thinking about before you going out there hiring people.
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Because if you don't do it right, it is going to be a pain in the body.
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And we've gone through it so many times and I'm just sharing some of the mistakes that we've made with you on what can help you out.
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Again, if you want to get the notes here, go to Manek PBD Entrepreneur Circle.
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And if you want to ask me any questions of things I talked about, my Manek QR code will be here or the link below.
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If you got value out of this video, give it a thumbs up and subscribe to the channel.