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The Social Media Millionaire™
Laney Media
61 episodes
15 hours ago
Welcome to the Social Media Millionaire Podcast hosted by Laney Media. This is the first podcast for the Modern CEO who is scaling million dollar businesses with organic social media.
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Marketing
Business
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All content for The Social Media Millionaire™ is the property of Laney Media 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.
Welcome to the Social Media Millionaire Podcast hosted by Laney Media. This is the first podcast for the Modern CEO who is scaling million dollar businesses with organic social media.
Show more...
Marketing
Business
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The mistake that cost me $700,000 (maybe more)
The Social Media Millionaire™
58 minutes 4 seconds
1 week ago
The mistake that cost me $700,000 (maybe more)

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I made a $700,000 mistake. Six bad hires in one year. And after firing the sixth person, I had to ask myself: who's the common denominator here? Me. In this episode, I'm breaking down every hiring mistake I made so you don't have to. I'll walk you through when to hire, who to hire, how to hire, how to manage, and how to fire people. I'll give you the exact framework I use to decide when someone needs to go, when to hire a closer vs. a setter and what revenue justifies each, why most people don't need a new team member but a better system, how to give feedback without being "the bitch," the real revenue per employee you should be targeting, and why $50K-$100K months is too late to be hiring if you're strategic about it. Plus, I'll share the five-step framework I use before letting someone go, the order of hires that actually makes sense, and why being afraid to hold people accountable cost me over half a million dollars. Most of the time, you don't need a new team member. You need a cleaner system. I learned that the $700K way.

The Social Media Millionaire™
Welcome to the Social Media Millionaire Podcast hosted by Laney Media. This is the first podcast for the Modern CEO who is scaling million dollar businesses with organic social media.