Andrew Wilkinson explains why you should hire one great leader instead of ten junior people. He uses an army general analogy to show why leaders shouldn't micromanage, and outlines his two-step process for acquiring businesses: find who runs it, then decide how to pay them.
You had one thing you tweeted out, this hire 1, hire 10 framework. I mean, think about it like this. So if you had an army general who is commanding 1,000 troops, but he's still telling individual soldiers what to do and he's personally restocking their ammunition and he's shuffling people around, you'd be like, what the hell is this guy doing? Instead of hiring a VP of marketing, I would go and I'd hire a whole bunch of marketing people and just kind of become the VP of marketing, or I'd bypass people and tell people what to do. And what I realized is You should never ever hire the 10 people. You should always focus on hiring the one person. When I buy a business, I make two decisions: who runs it and how are they incentivized?
