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The Costly Hiring Mistake That Almost Destroyed My Friend's Multi-Million Dollar Startup (Don't Let This Happen to You)
Hey Entrepreneurs,
On Saturday morning, I was out on my usual 7am, 35 mile bike ride with my peloton.
A real pelaton, not the fancy at-home kit, although that's great too.
(If you're wondering, Hannah Frankson is my favorite instructor, just don't tell my wife!).
As I rode alongside a group of older, wealthier guys on their $6,000 bikes (on average), the conversation turned to business.
One of my friends and mentors, Glen, a prolific entrepreneur who owns multiple international companies...
Started telling me about a hiring nightmare that nearly destroyed his new startup.
You see, Glen had launched this startup just 4 months ago in the car financing industry.
And it's a rocketship!
They've already done over a couple of million dollars in sales.
But then, disaster struck.
One of his early employees, after seeing how fast the company was growing, started pushing for equity.
The problem?
He'd already signed a regular employee agreement.
When Glen didn't agree to his demands, this employee went ROGUE.
He changed all the passwords, locked the team out of their software, and brought the entire business to a screeching halt!
Then, he held the company for RANSOM!
He DEMANDED cash and, rather bizarrely, a gold ring for his wife!
Glen was losing $20,000 a day due to this lock out!
He had no choice.
He paid the ransom and the access was restored.
After this ordeal, Glen turned to me for advice on hiring.
He knew I have a Masters in Positive Organizational Psychology and have studied this stuff inside out.
Here's what I told him – and how it can help you avoid a similar catastrophe in your business:
Use a battery of psychological assessments.
I'm talking Myers-Briggs, OCEAN (The Big 5), Kolbe, and Ray Dalio's Principles You.
These tests give you a deep understanding of a candidate's personality, work style, and potential red flags.
They help you see beyond the resume and uncover the real person.Follow the Top Grading rules.
This is a system by Bradford D. Smart that's used by top companies worldwide.
You can purchase the book by clicking here.
Here's the step-by-step:
a) Create a detailed job scorecard with the exact outcomes you expect. This clarifies your expectations upfront and sets your new hire up for success.
b) Conduct a series of in-depth interviews with at least 20 highly qualified candidates (Screening, Topgrading, Focused, Reference). This allows you to really dig into their experience, skills, and fit for the role.
c) Run a Threat of Reference Check (TORC) to verify their track record. This step alone can save you from countless bad hires.
d) Make them do a realistic job sample to test their actual skills. It's one thing to talk about what they can do; it's another to see it in action.
e) Have them meet with at least 5 people in your company for a culture fit check. A-players within your team can quickly sniff out C-players and let you know before you do the full hire.
f) Have them trial, ideally with a supervisor for 3 months or more.
Most entrepreneurs skip these steps.
They go with their gut, make a quick decision, and pray it works out.
(Even I have succumbed to this lazy way of hiring before and it's bit me in the ass.
I once hired a customer service rep for my ecom company that had over 7000 tickets unopened!)
But hiring the wrong person isn't just expensive – it can literally destroy your business!
Just ask Glen.
That's why I'm so passionate about helping entrepreneurs master the art and science of building unstoppable teams.
In fact, it's a key focus area when I work with private clients to hit their quarterly OKRs (Objectives and Key Results).
Speaking of which – I have a limited number of Q3 OKR coaching spots open right now.
Normally, a 90-minute session with me is $2,500.
But for a until Friday, I'm offering a 60% discount.
For just $999, we'll work together to:
Clarify your Q3 revenue goal and reverse-engineer a bulletproof plan to achieve it.
(this alone could add hundreds of thousands to your bottom line)Identify the key hires you need to make and how to attract A-players. (I'll show you the exact job postings and recruiting strategies I use with my clients)
Pinpoint the bottlenecks and obstacles that could derail you, and develop a proactive plan to overcome them. (so you can stay focused and maintain momentum)
Cultivate a culture of ownership, accountability, and relentless execution on your team. (this is the secret sauce that separates the good from the great)
But here's the catch – This is offer ends on FRIDAY 5th JULY.
And spots always fill up fast.
So if you're serious about building an unstoppable team and crushing your Q3 goals, click the link below to book your session now:
Book your 90-minute Q3 OKR coaching session for just $999 (60% off - OFFER ENDS FRIDAY)
It's time to take control of your hiring, your team, and your business's growth.
No more "winging it" and hoping for the best.
No more losing sleep over hiring mistakes that could cost you everything.
Your business has the potential for explosive growth – but only if you have the right people in the right seats.
Let's make it happen.
To your success,
Mark Dhamma, MA
High Performance Coach To Entrepreneurs
Unleashing Your Entrepreneurial Potential to Quantum Leap Your Revenue
CEO & Founder of Supercharged Entrepreneurs
BSc Sports Science & Physiology
MA Positive Organizational Psychology
Advanced NLP & Hypnotherapy Specialist
P.S.
Over 80% of companies employing OKRs have dedicated OKR coaches or similar roles to manage the OKR process.
This demonstrates the immense value of having an expert guide you in implementing this powerful framework.
By booking your OKR coaching session with me, you're not just getting access to my proven strategies and techniques.
You're also getting the support and accountability you need to stay on track and achieve your goals, quarter after quarter.
So, don't wait another minute.
Book your discounted OKR coaching session today, and let's work together to take your business to new heights:
Yes, Mark! I'm ready to harness the power of OKRs and make this my most profitable quarter yet <
I can't wait to see what you achieve with this game-changing tool in your arsenal.
P.P.S.
Want to learn/get better at BJJ with me and my black belt instructor?
