good morning believe nation today’s
message is put the right people in the
right positions over to you Larry
Ellison awake mode press the TV goes
suddenly we’d hit a wall we reach a
billion dollars in revenue and we were
having serious management problems all
over the place and the people who were
running a company at the billion-dollar
company were the same people that run
the company when we were a 50 million
dollar company one twentieth the size
and I had an incredible sense of loyal
to this to those people who worked with
me to build Oracle and it was a very
painful realization in 1990 that I was
going to have to change the management
team that the company had outgrown the
management that people who are good at
running a 15 million dollar company I’m
not necessarily those are the same
skills so they’re just different not one
is better or worse than just entirely
different skill set and running a 50
million dollar company and then a
billion dollar company and both skill
sets are rare and precious but we needed
a different group of managers and
virtually the entire management team had
to be replaced and that means I had to
ask people who I’d work with for a
decade to leave by the fire people and
that was the most difficult the most the
most difficult thing I had to do in in
business asking that yeah a bunch of
people to leave Oracle one of the most
difficult challenges of being an
entrepreneur and building a team and
running the company is going to be your
team right as you grow your impact on
the business goes down as a percentage
of what your team does your role as one
man in one woman in a hundred person
company you’re not doing as much you
know adding as much value as when you’re
of solo entrepreneur and so if you want
to really grow it’s going to be about
the team that you build their abilities
to contribute towards your goal and do
their job and I really
the way and so getting the right people
on board is really paramount and then as
they grow giving them positions that
meet their skill sets their desires
their ambitions I want to share a quick
story of a guy who’s on my team named
Ray I first met ray through his
girlfriend I hired his girlfriend and
over time she started slipping she
wasn’t doing a great job maybe she had
personal issues and her work quality was
declining to the point where i was about
to fire her and Ray took over for her as
she left and moved the country forget
what happened there and Ray took over
and my expectations for Ray were really
low i gutted a lot of the position to be
only really minimal stuff that we’re not
of super high importance to the business
because of the responsibilities that
this woman could not keep up with Ray
then blew my mind ray then not only did
all those responsibilities in an amazing
way and started giving me feedback and
new suggestions and new ideas to the
poet and I wanted to give him more
assignments and more tasks it increased
his responsibilities and now to the
point where you know raised in the
philippines and he was initially hired
to do just administrative really low-end
stuff now he’s being groomed and
promoted to be come in charge of my
entire website and so that’s a major
promotion for him where most people
might have a North American team and an
outsourcing to the Philippines where now
I’m taking somebody from the Philippines
making him in charge of the North
American team and that’s because he’s
just gone over and above and I’ve got to
groom him and train him and get him
ready to to take on that role it’s not
going to happen overnight but it’s just
a matter of recognizing the talents on
your team and doing an ongoing
evaluation of how can I stretch this
person or not are they willing to take
feedback are they willing to grow and do
I always have the right people in the
right positions and asking that question
to yourself and trying to push your team
on a constant basis to get better will
help you fill out your management group
and build an organization that can
really get amazing things done and you
can be proud of so get the right people
in the right
physicians believe so my question that
if you guys today is do you have the
right people in the right positions and
the second question is who is the first
person that you hired and what are they
doing for you whether it’s full time
part time you know our week freelancer
I’m really curious to find out leaving
the comments below and I’m going to join
a discussion thank you so much for
watching have an amazing day continue to
believe and i’ll see you again tomorrow
morning for another shot of espresso
message is put the right people in the
right positions over to you Larry
Ellison awake mode press the TV goes
suddenly we’d hit a wall we reach a
billion dollars in revenue and we were
having serious management problems all
over the place and the people who were
running a company at the billion-dollar
company were the same people that run
the company when we were a 50 million
dollar company one twentieth the size
and I had an incredible sense of loyal
to this to those people who worked with
me to build Oracle and it was a very
painful realization in 1990 that I was
going to have to change the management
team that the company had outgrown the
management that people who are good at
running a 15 million dollar company I’m
not necessarily those are the same
skills so they’re just different not one
is better or worse than just entirely
different skill set and running a 50
million dollar company and then a
billion dollar company and both skill
sets are rare and precious but we needed
a different group of managers and
virtually the entire management team had
to be replaced and that means I had to
ask people who I’d work with for a
decade to leave by the fire people and
that was the most difficult the most the
most difficult thing I had to do in in
business asking that yeah a bunch of
people to leave Oracle one of the most
difficult challenges of being an
entrepreneur and building a team and
running the company is going to be your
team right as you grow your impact on
the business goes down as a percentage
of what your team does your role as one
man in one woman in a hundred person
company you’re not doing as much you
know adding as much value as when you’re
of solo entrepreneur and so if you want
to really grow it’s going to be about
the team that you build their abilities
to contribute towards your goal and do
their job and I really
the way and so getting the right people
on board is really paramount and then as
they grow giving them positions that
meet their skill sets their desires
their ambitions I want to share a quick
story of a guy who’s on my team named
Ray I first met ray through his
girlfriend I hired his girlfriend and
over time she started slipping she
wasn’t doing a great job maybe she had
personal issues and her work quality was
declining to the point where i was about
to fire her and Ray took over for her as
she left and moved the country forget
what happened there and Ray took over
and my expectations for Ray were really
low i gutted a lot of the position to be
only really minimal stuff that we’re not
of super high importance to the business
because of the responsibilities that
this woman could not keep up with Ray
then blew my mind ray then not only did
all those responsibilities in an amazing
way and started giving me feedback and
new suggestions and new ideas to the
poet and I wanted to give him more
assignments and more tasks it increased
his responsibilities and now to the
point where you know raised in the
philippines and he was initially hired
to do just administrative really low-end
stuff now he’s being groomed and
promoted to be come in charge of my
entire website and so that’s a major
promotion for him where most people
might have a North American team and an
outsourcing to the Philippines where now
I’m taking somebody from the Philippines
making him in charge of the North
American team and that’s because he’s
just gone over and above and I’ve got to
groom him and train him and get him
ready to to take on that role it’s not
going to happen overnight but it’s just
a matter of recognizing the talents on
your team and doing an ongoing
evaluation of how can I stretch this
person or not are they willing to take
feedback are they willing to grow and do
I always have the right people in the
right positions and asking that question
to yourself and trying to push your team
on a constant basis to get better will
help you fill out your management group
and build an organization that can
really get amazing things done and you
can be proud of so get the right people
in the right
physicians believe so my question that
if you guys today is do you have the
right people in the right positions and
the second question is who is the first
person that you hired and what are they
doing for you whether it’s full time
part time you know our week freelancer
I’m really curious to find out leaving
the comments below and I’m going to join
a discussion thank you so much for
watching have an amazing day continue to
believe and i’ll see you again tomorrow
morning for another shot of espresso
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