Thank You for your honesty. I live in a western country and your commentary is proven to be spot on, valid and true. Over the decades I have offered second chances only to find disappointment due to entitlement or lack of drive. Your channel has been a breath of fresh air and appreciate all that you and your team share. Keep up the amazing work.
An unsuccessful candidate for a job coming back to insult you for not hiring them just proves how right you were not to hire them in the first place. It's great feedback that you're making good calls around recruitment. Love your content. Thanks Andrew
Exactly, or if they're smart they'd thank you for the opportunity regardless and wish you the best for filling the position. Burning bridges unnecessarily is very foolish, short term thinking.
Honestly if someone gets the to point of messaging you with hate for not hiring them, that's not someone you want in your company anyways lol. They're literally proving your point
Spot on! Struggling with these issues (on a much smaller scale) BUT struggling a little nonetheless. I've come to realize that the walls between us represents our own personal awareness of the abundance available to us all. Little awareness...lots of anger, resentment, frustration. More awareness...more hope, success, joy, and definitely a minority mindset right now.
They're called haters, people get mad when they see you doing better than them when they see that you have more money than them they can't take responsibility for their own actions or their own failures. It's not you, you can never please everybody, there's no point in trying. Just try to be the best man you can be and live your life to the fullest, whatever that may mean for you
Struggling with a lot of what you described Andrew. Today I fired a guy. I gave too many chances. I started my business swearing I won’t be a tyrant or micro manager. Well now at 17 employees. We’re no longer a scruffy outfit. And while we’re 100% remote. There is a new paradigm coming down and it will come down hard. Next week I will fire 2 more. I hired an operations director and a chief of staff now. I need law and order. Systems proceed SOP’s. No more mr nice guy. My money is burning and ppl think it’s a right to have a job. 2 years in business I’ve hardened so much. I’m almost emotionless now. Ironic how I find myself understanding ever dick head MD or SVP I worked for now that I’m the owner. Ya, hire fast and fire faster is my new rule. And old business rules are iron laws of business. Frustrating but I am pausing hard to break into 8 figures in 2023 and I sure hell wont do it with the existing set up.
Think of it this way. Employees are paid a fixed wage to make the company the most amount of money possible. If they are underperforming when compared to the top percentile of available candidates, then you are losing money.
Just 17 employees. I think one guy can do both Operations and Chief of Staff tasks. Working remotely is very tricky. You need to set daily targets for all the employees so that you are sure they are not using your hours for another company or playing around the house.
@@seuna.8438 getting specific now, running daily scrum calls to over tasks for the day with each scrum master and DevOps lead. Micro management is in full throttle. House is getting cleaned. We have hubstaff and monitor logs.
Great advice!! There are many "hidden taxes" below the surface of what's visible at first glance and where you save on one tax you might lose on another level.
I worked with a company that was rapidly growing and hiring at all levels. I was hanging with the new financial/revenue/collections manager. He had degrees to hang on the wall ect.. He spent some time choosing his office furniture!!! Lmao He failed the company, his family and his departments. I guess that office furniture didn't matter. It's a new world!
@Andrew Henderson Try hiring someone who only wants to be paid for positive results! Back in the day that was the best way I could find the right company for me! Now that's probably against the law or maybe some waivers to sign prior. Remote positions might best be earned? Just an afterthought.
The problem is that we have all these entitlements, (health insurance, retirement plans), attached to your job. If they were separate, it would be much less stressful to hire/fire folks.
How about those LinkedIn grifters start thinking about making their own startup instead of whining privilege for a position because they think they're entitled to it? These folks with the bugaboo can tell their story walking. Business is business and there's only so many seats at the table. Also, there isn't no way I'm allowing my personals open for hate mail; that's overstepping.
Spoke to a middle-management level banker, old friend. he’s glad having been removed from team management, just phone connections with corps. Employees . Millenials. were calling on a weekly basis not to come because the dog was sick and Hr validates it
80% of the people on LinkedIn are there so they can build a résumé and find their next job. They’re not entrepreneurs they’re looking for a new mommy a place to go someone to look after them.
Disregard. I'm in. I went back. The problem was the blank space after the email address the system gave me to choose from. @Andrew Henderson, @Nomad Capitalist. I went to sign up for your news letter from the hyperlink in the description. I gave my name and email. I tried it with different names. It did not work.
Hey Andrew, i was talking with a woman at work the other day re the issues i had with marketing and how after 6 months i think i have it nuted out. Guess what she asked me? Have i considered writing a book? I said im already a published author yet totally diff topic. My point being, she didnt get the point that even if i wrote a book on rships id be at the same place im at now.....writing a book does not help my business makes sales in the slightest. And this has happened to me soooooo often. I have found asking ppl who have some idea is better. Ask enuf ppl in the know and then decide, internally, withbwhat feels right, after doing the research. Altho only half way through your video, altho u may have missed out on $60 million, you may have saved yourself $100 million as well. By the law of attraction, we get what we focus on, so it is way better to focus on what you saved and made compared to what you lost. In the last 3-4 months, a friend of mine was going to get re $10k worth of my furniture as im readying to move to Serbia. Because she was so focused on losing re $500-1000 of her dads estate who passed away recently, to her sister, i ended up giving it to a neighbour of mine. Since my friend was ungrateful, not only did she lose the $500-1000, she lost re $10k worth in furniture. Hence, never focus on what we have lost, rather what we have and how to use it to make more. 😀
Andrew, you spoke bitter facts. A guy from USA is speaking greatness of USA, I told him to visit your channel. Finally he understood the condition of USA. Your videos are really educational.👍
Andrew, great to hear this. You are so open on how you think bout this and how you see things in business. The candidness and the explanation if the rationale is highly appreciated. I personally always preferred really small teams of hyper productive people that require close to 0 management and will make sound decisions. That obviously has a cost in terms of growth as it is not that easy to find that type of people and usually comes with a high cost as well but obviously significantly higher payouts. My technique for finding these people is interviewing about 100 people not looking too much at the resume but rather behavior and thought process. It is time consuming and hampers the speed of growth so I see your method as more sound for rapid growth but harder on the day to day management.
Bro, people WILL always project their weaknesses online by posting, or negatively commenting.. But very few will do it in person, or walk the line. Its easy for lazy and unmotivated people to point the finger. Real success both personal and financial, comes with great sacrifice and hard work. You have my respect and sincere admiration.
Lol 2nd chances works when hedged with a 90 day improve or remove. Do it again any you agree to terminate your employment! 90 days later and employee did not repeat bad actions then the write up gets tossed! The employee appreciates their accomplishments even more.
I lost the chance the Monday be billionaire 😢because I had the 5 number win in powerball and when I wished go to store they already close machine 😢well I don’t lose my faith in be millionaire and be your client 😅God bless you Andrews
Your content has been invaluable to us. So relevant and well researched. It will also only be relevant to those who are searching for answers. To the rest it’s gibberish because it’s above their level of understanding. NO ONE will ever please all, there will always be critics. You keep doing this and keep throwing these nuggets at us. We are here for it! Personally, we’re not where we’d like to be as a business, yet. But certainly heading in the right direction. TY!
Not sure you will read this however "Haters are everywhere" Especially when somebody like you with great abilities and talent succeeds ! I had a 8 figure business (Magazine Publishing) had 50 employees ... The #1 smartest and most successful things i did every quarter or so was to bring in 2-3 massage peeps and give all office workers a 20-30 minute session! HUGE MORAL BOOSTER ! The sales team making multiple six figures went last! If at all... The LOVE went to the people supporting the Sales team and the ones who got the least recognition! Best $1000 once a quarter ever spent !
Great philosophical discussion. I’m 50 years old and surprised how much anger there is toward capitalism and capitalists. I’d love to insulate myself from that type of venom but for me there is no escape from the western world at the moment with markets down so much.
Try using a consulting firm for a limited project and then cherry pick the best candidate from among the consultants who works well with your company. Of course the contract for the project may 'prohibit' hiring a consult away from their firm but there are ways around it, and it's done all the time. Former international recruiter here....
Great stuff. I can remember when successful people were looked up to. We had them in our neighborhood and they were very generous and we would always want to be like them.
Most that I know would definitely work for me again. I do pick A players prior to interview!!! 99.9 percent!!! People need the tools/training/expectations and guidelines in order to micro-manage themselves. They will know why you are calling them prior.
How on earth do you expect to keep employees when you operate a hire and fire business model? Employees will leave you high and dry the first second they find greener grass under they model….unless you pay above a good deal above the normal wages for the position which I doubt, because capitalism and playing fair do not go hand in hand.
I can only speak for myself: when I was working remote as a mech engineer my productivity dropped like a rock. Too any distractions and lack of self-discipline to remain focused on minimally engaging tasks like spreadsheets. Honestly should have been fired. I feel like this is more common than not. When working amongst peers in the office space I remained much more focused and productive. In nature beings will most often take the path of least resistance. I see that as a baseline not an exception. Now running my own biz its hire slow, fire fast and incentivize performance
Supervising people is beyond difficult. I managed about 100 federal civilian employees for the US Air Force. Never have I seen such backstabbing, going over a supervisors head, or being attacked by the union. It was miserable. At least in the private sector you can more easily discipline or fire people. Supervising people who are remote is more work than when they're in an office.
@@MarkRose1337 In my world, fire or retrain or find another position for the persons who are repeatedly choosing the wrong people for the goal. Most new-hires don't take a position to fail!
I think you took the wrong lesson from being taken advantage of. Second chances are fine. Third and fourth are maybe a step too far. Some entrepreneurs are hypocrites. They expect their employees to be perfect while allowing themselves to fail and learn with 'fail fast'.
Great advise, I do consulting on the side and work full time - I learned early on that I am in control of my finances and not giving that control to someone else. I manage employees, and you are right sometimes you just need to be the bad cop and fire them - they are not a good fit. For me I am in a very technical skill area, if they do not have all the technical skills (programming, research, etc). I can live with that because if they are HUNGRY to learn - then they are teachable. Also, most important are the soft skills and communication skills, can they interact graciously and diplomatically with different cultures, personalities, etc. If NOT, they do not get hired does NOT matter they have all the skills necessary - if you can not communicate clearly, succinctly and bring the technical language to the vernacular to the customer then it is not worth it. Additionally, I am looking for an entrepreneur mindset - and I do a an agenda weekly with my direct reports but WE work together in that agenda and I challenge them to see what was a WIN for them that week, what was a LOSS and what can we learn from it.
What do you think of Colombia now? With Petro in charge, it is turning hard left, and for lovers of freedom and low taxes, it seems to be a horrible place - and getting worse.
So true Andrew! It's important to focus on the realities of the situation and make the next best move rather than being suckered into conventional wisdom.
This is so spot on. Glad you learned this and are sharing. It doesn’t have to be a draconian work environment, but things like face-to-face communication, teamwork, visibility, transparency are unquantifiably important to success. Autonomy without alignment is just vacation. And the rare few companies who are able to foster passion, drive, motivation along with good structure and employees who show up for the greater good not just comfort, will have a competitive advantage.
I still love USA. I know traveling somewhere or probably live there will give you a different view on life. Every country got pros and cons. I just being humble because opportunity is everywhere and out of western. Just some place is better than others. That's how I feel. This channel teach me alot. Thank you, Andrew! Can't wait for more videos 😀
You trusted them and you've been disappointed. Now you feel guilty because you think, I made a mistake. And even if I did not make a mistake I still feel guilty. I should have not overestimated them. Guilt. same guilt that got you out of your country. Same guilt that makes you feel bad about leaving your country. It's seems complicated, but it's all about guilt. "not being respected or being viewed as weak" as you said. That said, You did a tremendous job, you're an inspiration to a lot of people. Especially me. I realised that I could escape, change, prosper, create and do not respond to any one. And I'm doing it. Linkedin... Seriously ??🤣🤣
Here's the thing Andrew, the relationship between employer and employee is adversarial. To those who are given much, much is expected, this is on both side of the coin. If you're an employer and want the love you have to scale back on the greed. In the past employees would dedicate their lives to a company, even take pay cuts if they had to in turn for the employer to realize that he wasn't playing with widget, it was a human being with a mortgage and a family to support. Yes much is expected.
"You didn"t built that - it's not your money - Why don't you give more? You are a jerk!" This comes so fluently that everyone knows Andrew has heard this as often as anybody else who does any business at all. But it is not limited to western countries. Lots of less productive countries have grown widespread belief that any money aöways is and must be stolen. Such a belief ruins all productivity and keeps everybody poor. I
You lost $60 Million which works like this as an Half Olympic of $10+20+30 Million Now you can get back $100 Million which is an Increment of $40 Million as your Silver Medal in the Money Losing Half Olympics
You are correct in seeking opinions from high and low and within your own company of others on important decisions. I did that with much success for my own company. In the end its still your decision to make but the perspectives make it stronger. A business is a plant. You have to nourish, water and prune and weather it to yield fruits.
And protect! A manager is responsible for the success of their employees Families! If that isn't your managers hidden mindset then the team will be weak due to things beyond their control/time dedicated to the peanut gallery.
@@unhappynomadclient403 I think Harry is caught up in a market that is not following precedence exactly. It's working its way down though. Interesting times to mark, remember and grow. It's a new era, new age. Frustrations can get the best of the unexpected at all levels.
@Andrew Henderson. Are you calling us back to the workforce? It will take the patient, thoughtful and experienced to bring companies across the resistance line thru human capital services. Look at the precedence successful service companies left for us. I worked with a few.
It's nobody's business but yours who you hire and fire - period. Oh, and I've been fired a few times bc I wasn't the right fit for a particular business - no harm, no foul - I moved on to something BETTER!
