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Summary
TLDRIn this engaging video, the speaker discusses the value of hiring passionate, dedicated employees who view their role as a long-term career rather than just a job. Emphasizing the importance of high agency and extreme ownership, the speaker shares insights on building a team with the right personality traits and work ethic. They reflect on the risks and rewards of following a bold vision, while also acknowledging the importance of learning from past experiences. With humor and candidness, the speaker challenges traditional approaches, urging viewers to take risks, dream big, and continuously evolve in their professional journey.
Takeaways
- 😀 Passion and obsession are key to success. Employees who are deeply passionate about their work often go above and beyond, even during their free time, continuously learning and improving.
- 😀 Extreme ownership is crucial. Employees should take full responsibility for their tasks and not wait for constant direction or feedback.
- 😀 It’s more valuable to hire people who have the right attitude and personality traits, even if they lack specific skills, because they can be trained to excel in the long run.
- 😀 Hiring someone who’s passionate and willing to grow is a better investment than hiring someone with technical expertise but poor work ethic or personality fit.
- 😀 Commitment and conviction are essential. Betting your future on something like YouTube requires strong belief in its potential, even when the odds seem uncertain.
- 😀 Avoid training someone for years only to have them quit. Long-term employees who are dedicated to a career within the company are more valuable than temporary hires.
- 😀 A strong, proactive work ethic is preferred over waiting for instructions. High-agency employees take initiative and drive their own success.
- 😀 Accountability is key. Employees who take extreme responsibility for their tasks and outcomes are crucial to maintaining consistent progress.
- 😀 Flexibility in leadership is important. As a leader, being willing to delegate but still checking in regularly ensures that tasks are on track and held to a high standard.
- 😀 Bold decisions and big risks can lead to major rewards. Believing in unconventional approaches and daring to try new things can pay off in ways people might not expect.
- 😀 It’s important to reflect on past decisions and learn from them. For example, investing in something like Bitcoin years ago might have been a good move if it had been done differently.
Q & A
What are the main qualities Jimmy values in employees?
-Jimmy values employees who are passionate, hard-working, and committed for the long term. He appreciates individuals who take ownership of their work and demonstrate extreme accountability, with the ability to work independently without constant guidance.
How does Jimmy describe the importance of passion in his employees?
-Jimmy believes that passion is a key factor in an employee's success. He values those who, even in their free time, are studying new skills or improving their craft because they love what they do, not just for the sake of work or advancement.
What does Jimmy mean by 'extreme ownership'?
-Extreme ownership refers to taking full responsibility for one's tasks and actions, without making excuses or blaming others. It involves staying proactive and ensuring progress, such as checking in regularly with contractors to ensure tasks are on track.
What is Jimmy's perspective on hiring for personality traits versus technical skills?
-Jimmy prefers hiring employees with strong personality traits such as dedication, hard work, and coachability, even if they lack technical skills initially. He believes that people with the right mindset can be trained, and over time, they will surpass someone who already has the technical skills but lacks the desired personality.
How does Jimmy approach the idea of risk-taking and uncertainty in business?
-Jimmy encourages taking bold risks and pursuing dreams, even if the outcome is uncertain. He believes in experimenting, reflecting, and trying things out to see if they work, which may lead to great opportunities.
Why does Jimmy dislike constantly telling employees what to do?
-Jimmy dislikes micromanaging or constantly telling employees what to do because he prefers people who can take initiative and perform tasks independently. He values high-agency individuals who do what needs to be done without being told.
What does Jimmy mean by 'high agency' in an employee?
-High agency refers to the ability to take initiative, make decisions, and act autonomously. Employees with high agency don’t wait for instructions but rather identify what needs to be done and take responsibility for it.
What does Jimmy reflect on about the challenges of building a successful YouTube channel?
-Jimmy reflects that in the past, it was difficult and risky to invest fully in a YouTube channel, especially when there were uncertainties about its future success. He emphasizes the need for strong conviction and belief in the project to make it work.
What advice does Jimmy give regarding long-term investment in employees?
-Jimmy advises investing in employees who are dedicated for the long term. He believes that training someone with the right attitude and work ethic will pay off more in the future than hiring someone with more immediate technical expertise but lacking the desired qualities.
What is Jimmy's stance on delegating tasks to others?
-Jimmy encourages managers to take responsibility for tasks and not just delegate them without staying engaged. He believes in checking in regularly with people working on delegated tasks to ensure progress and accountability.
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