7 Figure Flipping with Bill Allen

HFHQ 81: How I Fired 3 People in 1 Week


Listen Later

Listen to This Episode

In the past week, I’ve fired three people, in three different ways and for three completely different reasons.  In today’s episode, I share the lessons learned!

One of the “firings” was more like a “mutual breakup,” where it turned out he was actually planning to quit and already had a new job lined up right as I decided to let him go.  One of them was a new member of the team who, just a couple weeks into the job, started demanding things we hadn’t agreed to.  And the third was a true firing—where I was just completely done dealing with this person’s garbage, I called them out on it, and we immediately parted ways.

I hope getting a glimpse into what happened in each case and my rationale for ending these relationships will help you as you’re hiring and managing your own team!

House Flipping Formula: Registration Is Now Open!

We’ve just recently re-opened registration for the House Flipping Formula Coaching Program!  If you’ve been waiting to join, now is your chance!

The program includes membership in the House Flipping Mastermind Group, plus monthly coaching calls, tons of training videos, resources, and more.  To learn about the program and sign up, head to HouseFlippingFormula.com!

Episode 81: Show Notes
  • There are three kinds of “breakups,” and I got to experience all three this week.
    • The Quick-and-Dirty Break Up
    • The Mutual Break Up
    • The “I've Drug This Out For Way Too Long and I’m No Longer Buying Your Garbage” Break Up
  • When you hire someone part time, and it’s an easy job, it’s not that big a deal if it doesn’t work out.
  • Compensate people for what they’re worth.  Give them raises over time.  But get them to agree to all of this in advance, so you’re not dealing with unexpected demands later.
  • Keep in mind when you hire someone you already know or someone who’s family, it can be hard to fire them if you need to.
  • If someone just isn’t passionate about their position or they don’t seem fully invested, that can be a sign that it’s not going to work out long term.  Have the “break up” sooner rather than later.
  • In general, you should absolutely try to have conversations before you have conflicts.
  • Ask questions.  Dig deeper.  Make sure you find out what’s really going on.
  • Don’t buy people’s garbage.  People will feed you garbage all the time, and sometimes it’s very believable.  But you’ve got to trust your gut.
Links and Resources
  • We’ve officially re-opened the doors to the House Flipping Formula coaching program.  Get the details and sign up at HouseFlippingFormula.com!
  • The recording of the House Flipping Systems Seminar is still available!  It’s not going to be up for much longer, so hurry!  Get it here.
Like what you hear? Subscribe!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

 

The post HFHQ 81: How I Fired 3 People in 1 Week appeared first on House Flipping HQ.

Hosted on Acast. See acast.com/privacy for more information.

...more
View all episodesView all episodes
Download on the App Store

7 Figure Flipping with Bill AllenBy Bill Allen

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

440 ratings


More shows like 7 Figure Flipping with Bill Allen

View all
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

714 Listeners

BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,796 Listeners

Real Wealth Show: Real Estate Investing Podcast by Kathy Fettke / RealWealth

Real Wealth Show: Real Estate Investing Podcast

401 Listeners

The Best Ever CRE Show by Joe Fairless

The Best Ever CRE Show

992 Listeners

Rental Income Podcast With Dan Lane by Rental Income Podcast

Rental Income Podcast With Dan Lane

831 Listeners

Wholesaling Inc with Brent Daniels by Find distressed properties for pennies on the dollar and turn them for huge profits!

Wholesaling Inc with Brent Daniels

1,359 Listeners

Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

Lifetime Cash Flow Through Real Estate Investing

1,413 Listeners

Real Estate Investing with Coach Carson by Chad Coach Carson

Real Estate Investing with Coach Carson

608 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

721 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,837 Listeners

BiggerPockets Daily by BiggerPockets

BiggerPockets Daily

321 Listeners

Wealthy Way by Ryan Pineda

Wealthy Way

2,129 Listeners

On The Market by BiggerPockets

On The Market

898 Listeners

The BetterLife Podcast by Brandon Turner and Cam Cathcart

The BetterLife Podcast

839 Listeners

The David Greene Show by David Greene

The David Greene Show

692 Listeners