159: Henry Ward & Josh Merrill - CEO of eShares: How To Hire, Manage, & Lead

Episode 159: Henry Ward & Josh Merrill - CEO of eShares: How To Hire, Manage, & Lead

Henry Ward is the CEO of eShares. Josh Merrill leads product and Marketing at eShares

Hiring Principles:

Hiring means we failed to execute and need help

Startup employee effectiveness follows a power law

False Positives are okay, False Negatives are not

Culture is defined by who we hire

Hiring Heuristics:

Hire for Strength vs Lack of Weakness

Hire for Trajectory vs Experience

Hire Doers vs Tellers

Hire Learners vs Experts

Hire Different vs Similar

Always pass on ego

Episode 159: Henry Ward & Josh Merrill - CEO of eShares: How To Hire, Manage, & Lead

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The Learning Leader Show

“The success of a company is the sum of the people in it."

In This Episode, You Will Learn:

• Patience, long term thinking, and understanding that your success will be determined by the people you surround yourself with will lead to sustained excellence
• Product focused and understanding "The Artist's Dilemma"
• The best produce it for themselves
• How eShares was created
• Why their partnership works so well
• What Josh feels Henry doesn't do well (Interesting moment!)
• Why don't more companies publicly share what they believe in?
• eShares hiring process
• Why you shouldn't hire someone because they are a "culture fit"
• Why you shouldn't have performance plans -- Once you've deemed the person is not working, then fire them immediately
• Hiring for trajectory vs. experience
• How it's similar to the LA Rams drafting Jared Goff with their #1 pick... Being patient to develop him
• How should you grade employees? Don't... Teach them to grade themselves. Don't give people a number grade -- "How am I doing?" "You're doing a 2."
• How to fire someone:
  • Give sincere explanation for why
  • Don't make it one-sided
  • Help them with what's next
• Be intrigued about what you do -- "eShares is a learning experience for me. I'm doing things I've never done before"

“False positives are okay. False negatives are not."

Continue Learning:

• Read his Henry's posts on Medium: medium.com/@henrysward
• To Follow Henry on Twitter: @henrysward
• To Follow Josh on Twitter: @josh_io
• To Follow Me on Twitter: @RyanHawk12

You may also like these episodes:

Episode 078: Kat Cole – From Hooters Waitress To President of Cinnabon

Episode 071: Nate Boyer - Green Beret, Texas Football, The NFL

Episode 047: David Marquet - "Turn The Ship Around"

Episode 107: Simon Sinek – Leadership: It Starts With Why

Did you enjoy the podcast?

If you enjoyed hearing Henry Ward and Josh Merrill on the show, please don’t hesitate to send me a note on Twitter or email me.

Episode edited by the great J Scott Donnell

The Learning Leader Show is supported by Daor Design - Daor Design will help you build your brand like nobody’s business. Most of their work falls into one of four categories: Logo Design, Print Design, Web Design or Digital Marketing. They pride themselves in being a trusted, valued resource for their growing family of clients.