✈️ How to Hire the Best Operators for Your Personal HoldCo

Inside: All the Things You Should Know Before Hiring an Operator

Author

Yong-Soo Chung
January 17, 2024

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⚙️ How to Hire the Best Operators

Hiring the right operator for your Personal HoldCo can supercharge your business, but getting it wrong could result in everything going up in flames. Even worse, it could be swiped right from under you.

Sounds crazy, doesn't it? But believe me, I've lived that story. I've spent the last four years taking notes, testing strategies, and refining my hiring process.

I can finally say that I know how to hire the right operator. It's a delicate balance because you need someone who's fiercely independent, but at the same time, unwaveringly loyal to you.

Today, I will share timeless lessons and tactical tips that will help you navigate the complex landscape of hiring an operator and building a successful business.

Today, you’ll learn:

  • 💻 Irony of Hiring a Great Operator

  • 💰 How to Identify a Great Operator

  • ⚙️ The Two Paths of Hiring an Operator

  • 🧬 The Pros and Cons of Both Hiring Paths

Here’s the Hyper-Visual summary for today’s episode.

(Click the visual below to enlarge it.)

Here are a few juicy excerpts from today’s episode to get you flowing:

Entrepreneurial Spirit in Business Operations: "Because I want the operator to feel a degree of ownership of the business they're handling. Yeah. I chose my words carefully there. I want them to feel a degree of ownership, but at the same time, I also want them to be fiercely loyal to me." — Yong-Soo Chung (05:03)

Employee Profit Sharing and Loyalty: "I found that implementing a profit sharing program enhances the sense of autonomy, ownership, and loyalty almost instantly. Because I am, in fact, directly giving them a part of my business's success. Because I am, in fact, directly aligning incentives to benefit everyone involved in the business." — Yong-Soo Chung (08:35)

This episode will help you grow your business!

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💬 Final Word

We’re back from Vancouver where it was freezing!

Glad to be back in the SF Bay Area.

I have a confession to make.

Lately, I haven’t been in the mood to create… write, post, journal, etc.

When I ask myself why, it’s because I haven’t created the space for creation lately, both in terms of physical space but also mentally.

Anyone else feel this way sometimes?

In any case, I’m wrapping up some things now with my Personal HoldCo that I hope to share in the coming weeks.

My ‘20 Mile March’ (thank you Jim Colins) is my weekly newsletter & podcast so I never want to skip a week… which has helped me stay consistent.

So, thank you all for keeping me accountable to…

Just. Keep. Going.

See you next week. :)

Yong-Soo Chung — Serial Entrepreneur, Podcaster

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