57:14The Lazy Millionaire: I Own 40 Companies, But Don't Run Any Of Them
From My First Million · Published Jul 4, 2024 · Watch on YouTube
TL;DR
Andrew Wilkinson, owner of 40 companies (~$500M portfolio), teaches how to hire a CEO to run your business so you can step away. The key is a third door beyond selling or continuing: delegate to a CEO.
Key insights
- There is a third option besides selling or continuing to run the business: hire a CEO (door three).
- Founders often hold back their businesses; hiring a highly incentivized CEO almost always doubles the business in the first year.
- The right CEO candidate is often a number two (President/COO) from a company roughly double your size in a similar industry, not a big-company executive.
Want the full analysis - every claim cited to the second it was said?
This page only shows a teaser. Sign up to chat with the complete, cited breakdown of "The Lazy Millionaire: I Own 40 Companies, But Don't Run Any Of Them".