Peter Lohmann explores how founders can find the right person to run their company. Most entrepreneurs promote their best property manager to CEO, but that's a mistake: managers excel at details and organization, while CEOs need visionary drive and high-dominance influence to push toward bold, compensation-linked goals.
The other question is, how do I find my own Brad? A lot of people I think have this idea of, wouldn't it be great if somebody like Brad came around and could run my company for me while I sit around drinking cocktails?
A lot of people think when they want to hire somebody to run their business, they need to find the best property manager and elevate them to that, that role. And I would say that's probably not usually going to be your best sort of candidate because property managers, great ones, are super detail-oriented. They are, you know, Type A, they're organized. They have a Rolodex in their head. They have all of these things. They actually aren't usually, they're good problem solvers, but they're not usually visionaries and people motivated by, you know, bold visions tied to compensation packages. A high dominance influence person. That's the sort of like, that person has a lot of drawbacks. I'll be very clear about that. But that's the type of personality often that works for a role like that.
