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Lazy Leverage
Jon Matzner and Peter Lohmann
78 episodes
5 days ago
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Business
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All content for Lazy Leverage is the property of Jon Matzner and Peter Lohmann and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
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Business
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The High-Pay Debate: When to Invest in Expensive Talent | Lazy Leverage #73
Lazy Leverage
42 minutes
1 month ago
The High-Pay Debate: When to Invest in Expensive Talent | Lazy Leverage #73
Jon and Peter debate their contrasting approaches to building teams in small businesses. Jon champions a "build" philosophy - hiring entry-level talent, particularly global workers, and developing them into leaders over time. His approach is deeply influenced by Marine Corps culture, particularly when it comes to indoctrination, loyalty, and creating a distinct organizational ethos. He’s never hired a six-figure employee outside of commission-based salespeople, preferring to cultivate talent from within. Peter takes the opposite stance with a "buy" strategy, bringing in experienced professionals who command higher salaries but deliver immediate results. His engineering background shaped his preference for expertise and the ability to hit the ground running. Peter argues that paying premium rates for proven talent often delivers better ROI, particularly for critical business functions. Peter's property management company provided predictable recurring revenue, allowing for bigger bets on expensive hires. Jon operated with tighter cash flow constraints, making survival the priority. They explore the role of business coaches and consultants, with Jon skeptical of their value while Peter embraces external expertise. Both acknowledge their approaches have merit, suggesting the optimal strategy likely falls between their extremes, depending on business stage, cash flow, and growth objectives. Key Topics:(01:38) Jon’s “Build” Philosophy vs Peter’s “Buy” Strategy(05:39) Jon's Passion for Training and Developing People(12:43) Marine Corps Culture Influence on Organizational Philosophy(16:51) Higher Floor vs Higher Ceiling: Comparing Hiring Strategies(26:54) The Value of Business Coaches and Consultants(36:10) Building a "Presidential Guard" of Loyal Long-Term Team Members Stay connected for more insights and strategies by following:Jon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@MatznerJon⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ on X and at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠lazyleverage.beehiiv.com⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Peter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@pslohmann⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ on X and at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠peterlohmann.com
Lazy Leverage