20-video series #13: Hire and reward top talent, but own the business (and fight for every percentage point)
Feb 18, 2023
Welcome to my new 20-video series, on the 20 Next Level Wealth steps to designing and then living your dream life.
The dramatic landscape changes over the past few years have created a unique opportunity for you to design and live your dream lifestyle.
In this 20-video series, which I filmed while travelling around Europe, I've aimed to articulate everything important that I've learned about personal finance, business, wealth, and designing an ideal lifestyle...into just 20 short blog posts!
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Hire talent
I heard it said somewhere that if you’re the smartest person in your team then you’re in trouble.
I’m not exactly sure if that’s true, but the sentiment is an important one.
You want to surround yourself with like-minded people with a successful track record, and a team of experts to assist you on your journey.
If you’re building your own business and wealth generating machine the temptation is to try to do everything yourself, at least initially.
But ideally you want to hire top talent and reward them accordingly.
Don’t think how…
With technology changing faster than ever before, it can all feel rather overwhelming at times.
A useful phrase to help you along on the journey is:
“Don’t think how…think who.”
These days it’s easier than ever before to outsource tasks that you don’t have the time, skills, or inclination to undertake yourself.
And with the opening up of the global labour force, it needn’t cost you so much either these days.
You can use emerging markets such as the Philippines to find some amazing staff to help you, for example.
Taking ownership
While hiring talent and experts is critical to your growth, ownership is what pays.
In a capitalist economy you want to own assets and all of your business, or as much as you can hang on to.
Sometimes you may need to give up part ownership of your business in order to raise capital.
And that’s OK…but fight for every percentage point of ownership!
You’ll thank yourself later.
I discussed this a little further in the short video below.
Tune in here.
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Whenever you’re ready…here are 4 ways I can help you manage your own money and go next level wealth:
- Boom or Bust in 2023 – 20 minute online workshop for investors
Register for my next free online training - Boom or Bust? How to change your investment plan for 2023 - book in here
You also download a free copy of my book Total Money Management here.
- Subscribe to our Top 100 Podcast for Investors
Listen in to our podcast - The Low Rates High Returns Show on Apple , Spotify
- Subscribe for my free daily blog
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You can also catch up with me daily on Twitter here, where I have over 11,000 followers.
- Work with me privately
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If you’d like to work directly with me directly to help you map out and action your next level wealth plan… just send an email to [email protected] with the word “private”…tell me a little about your situation and what you’d like help with, and I’ll get you all the details!
