James Schramko Podcast

1112 - How To Build A Business Team That Runs Without You
00:55 - Many business owners read books on leadership but never put those lessons into practice. Instead, document tasks, define clear roles, and hire for the tasks you don’t want to do—this is the key to how to build a business team effectively.
02:16 - Off-market hiring beats job boards. Instead of competing with every other employer, look for talent that isn’t actively job-hunting. This strategy is key for how to build a marketing team for your business or scale efficiently with a remote workforce.
04:17 - Hiring too slowly kills growth. Waiting too long to hire means you stay stuck in low-value tasks, missing out on high-impact opportunities. Hiring remote employees or a virtual assistant in the Philippines can free up your time for strategic work.
04:57 - Use the profit test to determine if hiring will create more profit rather than just expense.
08:40 - Hiring without clearly defining roles or tasks leads to confusion, inefficiency, and wasted resources. Defining roles and responsibilities is how to build a team in business.
12:05 - Holding onto underperforming team members delays growth and drains resources.
14:29 - Shift from micromanaging to leading. Stop being the bottleneck. Set clear expectations, measure results, and empower your team to operate without constant approval. This is crucial for how to improve employee engagement and retention.
18:59 - A great team creates freedom, not more work. Hiring proactively, setting up simple systems (like Slack for communication), and cutting bureaucracy is how to build a team for your business that runs efficiently with minimal oversight.