7FF 291: What Mike learned from hiring (and firing) 2 C.O.O.’s who DIDN’T work out…

We learn more from failure than we do from success.

So today, let’s talk about a couple times where things went WRONG…

Over the past 2 weeks, I’ve been sharing a lot about building your team, working with a COO (Chief Operating Officer) to grow your real estate investing business, and how to be an effective leader.

Not everyone is ready for this level of growth yet…

…but if your goal is to scale up your income and your impact, this stuff is important.

I believe every business owner SHOULD consider bringing on a COO when the time is right.

Your COO is the person who “replaces” you as the day-to-day manager of your company and frees up your time so you can serve as the “visionary” leader your team needs.

But it isn’t all sunshine and roses.

As you can probably imagine, hiring someone to run your ENTIRE business is complicated.

My good friend Mike Simmons has tried to hire a COO twice…

…and both times, it didn’t work out.

But Mike learned some big lessons along the way that have made him a better leader.

And I’ve brought Mike on the podcast today to share what happened so you’ll know a bit more about what to do and what not to do when hiring a COO (or when hiring anyone, really).

Let’s dive in!