Episode 587:  Andrew Wilkinson ( https://twitter.com/awilkinson ) teaches the exact step-by-step process he uses to find, diligence, hire, and transition a great CEO. Get Andrew’s CEO Hiring Guide and Checklist - https://tinyurl.com/ms8938kn—Show Notes:(0:00) Intro(1:36) Why you need a CEO(4:44) The third door: leave the business, keep the cash flow(8:48) Get back to your flow state(10:46) Step 1: Are you ready to hire a CEO?(15:16) Is this going to hurt my business?(16:46) Step 2: Find the RIGHT CEO(17:52) Hiring a recruiter(21:34) Look for a #2 with the right hammer(23:23) Be a collector of people(27:14) Step 3: Diligencing the candidate(28:48) Green flags, yellow flags, and red flags(32:21) 2x not 20x(34:41) Step 4: First 100 days(36:35) Don't poison the water(38:12) Flesh wounds not mortal wounds(40:06) Meet them in person(40:29) More on diligencing: Trust but verify(42:38) The DIY path(44:48) Step 5: Negotiating and structuring compensation(46:34) Uncapped bonuses vs equity(49:55) Myth: Is a founder-led business always better?

—Links:• Srch - https://www.srchpartners.com/• Business Intelligence Advisors - https://www.biadvisors.com/• Never Enough - https://neverenough.com/• Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym—Check Out Shaan's Stuff:Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

—Check Out Sam's Stuff:• Hampton - https://www.joinhampton.com/• Ideation Bootcamp - https://www.ideationbootcamp.co/• Copy That - https://copythat.com• Hampton Wealth Survey - https://joinhampton.com/wealth

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano