Teaching

Managing Your People Your Products

Managing Your People Your Products

Eben Pagan teaches nine essential management approaches for building and leading successful virtual teams. He covers recruiting star performers, conducting in-depth interviews, implementing daily communication systems, and creating collaborative workflows that drive business growth.

Managing Your People Your Products

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The Foundation of Star Recruitment

Eben reveals the counterintuitive truth about top performers: they're motivated by impact, not money. Drawing from advice by Google's CEO Eric Schmidt, he explains how to identify and attract true drivers who take responsibility for results, even when they don't look polished on the surface.

Testing and Validation Systems

Beyond interviews, Eben teaches systematic approaches for validating candidates through serial in-depth interviews and live work testing. He emphasizes the critical importance of checking for proven track records of project completion and using the reference check technique to uncover real performance history.

Daily Management Rhythms

The core of virtual team success lies in three daily practices: five-minute updates covering results and challenges, structured huddle calls for coordination, and dashboard tracking of key business metrics. These systems create alignment, prevent isolation, and build business confidence through consistent measurement.

Building Long-term Team Unity

Eben concludes with the importance of collaborative tools and in-person meetings for creating lasting team connections. Even annual face-to-face gatherings significantly improve trust and communication, while shared documents provide virtual teams with common workspaces for ongoing collaboration.

Questions This Episode Answers

How do you identify star performers when hiring for virtual teams?

the superstars work for impact, not for money

Eben Pagan2:00

Look for people who work for impact rather than money, have a proven track record of completing projects, and demonstrate the 'driver' quality of taking responsibility for results. Use serial in-depth interviews and test them with actual work tasks.

What daily systems should I implement to manage a virtual team effectively?

daily huddle, daily update, daily dashboard. These three elements, I think, are the core for really building a successful virtual company

Eben Pagan13:32

Implement three core daily systems: five-minute daily updates covering results, challenges and questions; daily huddle calls for coordination; and a dashboard tracking key business metrics with charts showing trends over time.

How do I test if a potential hire can actually do the work?

Test prospective team members by having them do a task that reveals how well they can actually do the work live

Eben Pagan6:05

Have them perform actual work tasks that reveal their capabilities. For example, if hiring a copywriter, review their previous work and have them write copy for your materials. Watch them work live if possible or have virtual discussions where they solve problems.

Why should virtual teams meet in person?

the increased sense of trust, the increased sense of connection, of communication, of we're all on the same team, will pay off huge in the long run

Eben Pagan18:00

In-person meetings create trust, connection, and team unity that doesn't exist through virtual interaction alone. Even meeting once a year for team building and collaborative work significantly improves long-term team performance and communication.

How do I keep my virtual team focused on priorities?

you have to say the priorities at the beginning of the day over and over and over

Eben Pagan14:25

State your top priority at the beginning of every daily huddle call, even if it sounds repetitious. People forget easily and get distracted by new tasks or conflicting demands, so consistent daily reinforcement is essential.

What should I track in a business dashboard?

traffic, subscribers, and sales

Eben Pagan12:00

Start with simple metrics like website visitors, email opt-ins, and sales. Add bank deposits and expenditures if desired. Track daily for 30 days, then create charts to visualize trends. This gives you control and confidence in your business decisions.

How to Implement Daily Team Management Systems

A three-part system for managing virtual teams with daily communication and tracking

  1. 1

    Set up five-minute daily updates

    Ask team members to write a brief end-of-day email with three sections: results achieved, challenges encountered, and questions for you. Keep it under five minutes and 2-3 items per section.

  2. 2

    Conduct daily huddle calls

    Hold 10-15 minute structured calls where each person updates on their work and needs. Start by stating the top priority, then have everyone share their status and coordination needs.

  3. 3

    Create a daily dashboard

    Track key metrics like website traffic, email subscribers, and sales in a simple spreadsheet. After 30 days, create charts to visualize trends and make better business decisions.

All Teachings 10

Expert InsightEmpowering2:00

Superstars work for impact, not for money - they want to make a difference in the world and see how their work changes things for the better

Eric Schmidt, CEO of Google and multibillionaire, told Eben Pagan at a conference that 'superstars work for impact, not for money' when asked about hiring the smartest people in the world

TeachingEmpowering3:17

Use serial in-depth interviews to discover if candidates have a proven track record of driving projects to completion

Eben emphasizes asking about every job they've ever had, what projects they were responsible for, and what happened - looking for the pattern of taking responsibility and completing projects

TeachingEmpowering5:25

Look for 'drivers' - people who take responsibility and like to deliver results, even if they're not the most charismatic or polished

Eben notes that top performers he's worked with are usually matter-of-fact and to the point, not necessarily well-dressed or charismatic - those who look good outside usually aren't good inside

TeachingEmpowering6:05

Test prospective team members by having them do actual work tasks live to reveal their real performance capabilities

When hiring marketing copywriters, Eben wanted to see their previous copy and had them write copy for his company's materials to assess their actual ability to perform

TeachingEmpowering7:27

Implement a five-minute daily update system covering results, challenges, and questions to assess team member performance

The system forces team members to zoom out and assess their performance while making it clear to management - some will do it and some won't, which alone tells you about their reliability

TeachingEmpowering10:48

Conduct daily huddle calls to keep virtual teams coordinated and connected, preventing people from working in silos

Eben started this within the first year or two of his business when he realized the team was 'all over the map' working on different things without coordination

TeachingEmpowering11:40

Create a daily dashboard with charts tracking top business metrics like website traffic, email subscribers, and sales

After 30 days of tracking daily numbers in a spreadsheet, create charts to see visual trends - after 90 days you'll have control, understanding and confidence in your business you never had before

TeachingEmpowering13:33

State your top priority at the beginning of every daily huddle call to align your team and prevent distraction

People inside companies don't know priorities even if you've told them because 100 things have happened since you mentioned it last that are conflicting

TeachingEmpowering14:59

Use collaborative shared documents for agendas, project spreadsheets, and reports to give virtual teams a common workspace

Google offers free office products where several people can look at and change documents simultaneously, giving virtual teams a place to see themselves working together

TeachingEmpowering17:09

Meet team members in person at least once a year to build trust, connection, and team unity that pays off long-term

After 2-3 years in business, Eben flew his whole team to Las Vegas for a meeting - despite challenges, everyone bonded and connected in a way that didn't exist before, creating increased trust and communication

Episode Tone
6 foundational4 intermediate

Key Teachings 10

Superstars work for impact, not for money - they want to make a difference in the world and see how their work changes things for the better

2:00

Use serial in-depth interviews to discover if candidates have a proven track record of driving projects to completion

3:17

Look for 'drivers' - people who take responsibility and like to deliver results, even if they're not the most charismatic or polished

5:25

Test prospective team members by having them do actual work tasks live to reveal their real performance capabilities

6:05

Implement a five-minute daily update system covering results, challenges, and questions to assess team member performance

7:27

Conduct daily huddle calls to keep virtual teams coordinated and connected, preventing people from working in silos

10:48

Create a daily dashboard with charts tracking top business metrics like website traffic, email subscribers, and sales

11:40

State your top priority at the beginning of every daily huddle call to align your team and prevent distraction

13:33

Use collaborative shared documents for agendas, project spreadsheets, and reports to give virtual teams a common workspace

14:59

Meet team members in person at least once a year to build trust, connection, and team unity that pays off long-term

17:09

Counterpoint 2

Claim:The best candidates are those who look polished and charismatic in interviews

Reframe: The best performers are usually matter-of-fact people who focus on results rather than appearances

Claim:Top talent is primarily motivated by high compensation

Reframe: Superstars work for impact, not money - they want to make a difference in the world

Quotable Moments

the superstars work for impact, not for money

Eben Pagan2:00

those that look really good from the outside usually aren't on the inside

Eben Pagan6:05

Most hires are mishires, and most of them are very, very, very expensive to business

Eben Pagan7:27

The standard is stars only. Only the best of the best from now on.

Eben Pagan3:17

Topics

Business Frameworks

impact-driven hiringserial in-depth interviewdriver assessmentlive work testingdaily update systemdaily huddle systemdaily dashboard systempriority communicationcollaborative documentationin-person team building

Common Mistakes

hiring based on appearances

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Hire drivers who show proactive behavior, result orientation, sense of ownership, and personal responsibility rather than just skilled workers

Eben defines drivers as people who say 'I want more' and take it, then deliver results. When something goes wrong, they take responsibility; when something goes right, they credit the team.

Structure virtual teams using 90-day cycles as the optimal planning timeframe because business changes too fast for longer planning periods

Eben's 80-person virtual company operates on 90-day chunks, matching Corporate America's quarterly system. He states there are only two timeframes in business today: 90 days and forever.

Mis-hires cost approximately 20 times their annual salary when accounting for lost productivity, training costs, damaged relationships, and cleanup efforts

Brad Smart's research in 'Top Grading' shows that 75% of all people hired are mis-hires, and each mis-hire costs 20 times their annual salary - meaning a $50,000 employee who doesn't work out costs the business $1 million

The first people you hire should take work off your plate so you can focus more time on products and marketing as the chief entrepreneur

Eben explains that as the head moneymaker, entrepreneurs need to delegate busy work to focus on higher-order challenges that make more money for the business