Jack Newton warns against hiring executives too senior for your company's stage—they can't relate to the business or get their hands dirty. He describes the founder paradox: wanting control while drowning in work. Surround yourself with people who've been through the next growth phase, not the one after that.
Chapters
If I look back at the mistakes I've made with either investors or senior executive hires, it's been hiring people that are too far ahead and then they can't actually relate to the stage you're at and they can't roll up their sleeves and actually really help you with the place you're at in your business. I think I was late to hire really great executive talent. I think really as a founder, you know, the founder paradox, you know, wanting to do everything but feeling also that you can't give your work away to anyone else. The earlier you can go through the pain of bringing on somebody to help you build the business, even if you need to watch them stumble for a little bit before they find their groove, you need to find ways of delegating and bringing on great external talent. And again, that hopefully has seen that, that next part of the growth journey. I don't have a playbook to refer to. I'm learning on the job and I can do that. I'm a fast learner, but But the more I can surround myself with experienced executives that have seen that next stage of growth, the fewer errors we're gonna make and the happier I'll be because I'm just not feeling stretched and, and underwater.