My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“If I'm thinking I have to fill this role, it's usually not the right person.”
What It Means
Desperation to fill positions leads to compromising on quality and settling for wrong candidates
Why It Matters
Hiring the wrong person is worse than leaving position empty temporarily
When It's True
For critical roles where performance significantly impacts business outcomes
When It's Risky
For urgent operational needs where any competent person is better than none
How to Apply
Only hire when genuinely excited about candidate
Maintain high standards even under time pressure
Better to wait for right person than rush wrong hire
Example Scenario
“Resist hiring mediocre VP Marketing due to urgent need - wrong hire costs months of poor performance and rehiring”
Related Knowledge
The highest returns on capital we get as entrepreneurs is talent.
Investing in great people provides better ROI than any other business investment
Management Diamond Framework
A diagnostic framework for understanding why employees aren't performing by examining four core areas: what (unclear exp
Mosaic 6 Business Constraint Framework
Six core areas that limit business growth: More (traffic/leads), Metrics (tracking/optimization), Market (product-market
Identify genuinely intelligent candidates during interviews
Hiring candidates who demonstrate high learning velocity and can bridge skill gaps quickly
Hire C-level executives who can operate as true partners
Leaders you seek advice from on complex problems who bring their own networks and can operate full-stack
Hire for Smallest Skill Deficiency
Always hire the candidate with the smallest gap between their current capabilities and role requirements, regardless of