How to Build a Business That Runs Beyond You

**SPEAKER_1** (0:01)
Hey there, I'm Travis Hoyam, one of the hosts of Motley Fool Hidden Gems Investing. Each weekday on Motley Fool Hidden Gems Investing, we talk through the business news you need to know and the stories moving stocks on Wall Street. On weekends, we game plan personal finance strategies and dive into the industries shaping tomorrow and host the experts, authors, and executives that understand them. Tune in for insights and a long-term perspective on investing and of course, stock ideas, plenty of them. To quote a listener, it pays to listen. Check us out and subscribe wherever you listen to podcasts.

**Paul Alex Espinoza** (0:33)
Welcome to The Level Up Podcast. I'm your host, Paul Alex. I went from being a cop to an eight-figure entrepreneur that helps average people like you and me make money every single day.
I created this podcast to help you get motivated and to crush your goals. Let's win together. Remember, I have your six. Get ready to level up right now.
What's up, everyone? Welcome back to The Level Up Podcast. I'm Paul Alex. And today we are tackling the most painful transition a CEO will ever make. Moving from a team of doers to a team of thinkers. Because let's be real. If you are still the only person allowed to make a strategic decision, your business is a ticking time bomb. Let's break down how to build an executive team that actually executes first. Realize that you cannot scale a massive company using only administrative assistance.
Too many founders are terrified of hiring high level executives because they don't want to pay the salaries. That is a poverty mindset. If you want a hundred million dollar company, you need people who have already operated at that level. Whether you need a chief operating officer or a VP of sales, cheap talent only creates expensive problems. If you refuse to hire giants, you kill your own ceiling. Second, stop handing out tasks and start handing out territory. People do not step into true leadership. If you are constantly micromanaging their daily checklist, they step up when you give them a massive objective and get completely out of their way. So instead of telling an executive how to run their department, give them the exact metrics they need to hit and let them build the playbook. Make autonomy the ultimate standard. Lastly, a true executive team multiplies your visionary power. When you can hand a massive problem to your leaders and know it will be solved by Friday without your input, you have achieved ultimate freedom, radical trust, aggressive delegation, and supreme talent create a self-sustaining machine. When you build the right executives, they build the rest of the company. Bottom line, you cannot be the smartest person in the room forever. Hire the heavy hitters, give them the keys, and lead from the top. Because when you do, you will scale faster than ever.
Thanks for tuning in to The Level Up Podcast. I'm Paul Alex, reminding you, true leaders build other leaders. Delegate the authority, secure the talent, and as always, keep leveling up. Thanks for listening up to The Level Up Podcast. If you enjoyed today's episode, make sure to share with a family, friend, and everyone you know who's ready to level up. Leave a five-star review on Spotify, Apple Podcast, and wherever you tune in. It really helps spreading the word, and don't forget to check out officialpaulalex.com for more episodes and resources to kickstart your journey. Let's level up together.