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

November 7, 2019

About This Episode

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!

Free Resources / Downloads

5F Framework

A business framework that creates consistency within your flipping business by giving you a tested roadmap to building real estate wealth.
5 Proven Steps to Build Active and Passive Income in Real Estate (FREE!)

Get Access Now

Freedom Number Calculator

The 2-Minute Exercise That Shows You Exactly How to Build Toward Your Life of Freedom.This quick (and powerful) quiz will help you calculate exactly how many deals you need to support your ideal lifestyle and how close you already are. Most investors don’t fail from lack of effort, they fail from lack of direction. No guesswork. No fluff. Just a clear target—and a plan to make it real.

Get Access Now

Adam Whitney’s Seller Call Script

Use the same script Adam uses while on the phone with sellers

Get Access Now

Off-Market Deals on Demand

Get the UltimateOFF-MARKET DEALS Starter Pack...For FREE! Niche lists, seller strategies, a hyper-local market tracker, and a bonus!

Get Access Now

Grow Your House Flipping / Wholesaling Business WITHOUT Guesswork or Trial-and-Error

Find out EXACTLY what you need to be working on TODAY to do more deals, make more money, and free up your time.

Explore More Episodes...

7FF 584: Flip Hacking LIVE Speaker Hangout Replay

September 15, 2022

Today I’m sharing the FULL REPLAY of the real estate investor hangout we just held, where I brought on a few of the Flip Hacking LIVE speakers and asked them to share some gold nuggets!

Full Episode >

7FF 583: Virtual Wholesaling

September 8, 2022

Adam Whitney has done 90 real estate deals without seeing any of them. Without setting foot in a single house. In today’s episode he’s breaking down the virtual wholesaling system he uses to close deals REMOTELY… freeing him up to tap into any market he wants!

Full Episode >

7FF 582: How to Increase Profit Per Deal in a Cooling Market

September 6, 2022

House flippers and wholesalers: Here’s how to adjust your “dispositions” process so you can keep selling your flips and assigning contracts for TOP DOLLAR… without worrying about your buyers “backing out…” even when the real estate market is slowing down!

Full Episode >

7FF 581: How Jerry Norton Makes $1,000,000 Per House

September 1, 2022

Real estate investing legend Jerry Norton is speaking at Flip Hacking LIVE this year… so I asked him to join me on the 7 Figure Flipping Podcast to share what he’s doing in his business, plus some quick golden nuggets you can start using TODAY!

Full Episode >

7FF 580: How to Win Deals Without Making Cash Offers

August 30, 2022

Jeremiah Johnson is a master of creative financing. In this episode he shares how he closes deals WITHOUT making “cash offers…” and he’s going to walk you through some of his recent deals and share the actual numbers!

Full Episode >

7FF 579: The Kingdom Entrepreneur Mindset (With Pedro Adao)

August 25, 2022

Pedro Adao has flipped more than 150 houses. He’s a world-renowned digital marketing expert. But I’ve asked him to join me on the 7 Figure Flipping Podcast today to talk about something COMPLETELY different…

Full Episode >

Ready to Build a Business That Finally Works?

Ready to find your tribe?

Don’t stay stuck in chaos or settle for another year of inconsistency. Join a serious community of operators who are building businesses that matter. This is your moment.

Click below and we’ll help you determine which program is the best fit for you.