What's up Cashflow Contractors! Celebrate our 200th episode with us as we dive into the brilliant mind of Michael Girdley. From growing and leading his own company to building a business empire, Michael shares gems of wisdom that every entrepreneur needs to hear. Trust us, you don't want to miss this one!Time Stamps01:36 - Intro to Michael Girdley04:51 - Building a Construction Empire05:25 - Core Behaviors vs. Core Values08:29 - Defining & Hiring A-Players15:08 - The Challenges of Hiring Friends & Family16:31 - Embracing Offshore Talent26:21 - Running a Holdco32:17 - Hiring a CEO to Run Your Company37:15 - Living the HoldCo Entrepreneur Life40:38 - The Role and Value of a Board of Directors43:58 - Incentivizing and Structuring a Board46:09 - When to Consider Forming a Board48:25 - Navigating Acquisitions 51:56 - Acquisition Challenges58:09 - The Intricacies of Hiring CEOs 01:00:42 - Different Types of HoldCo01:02:53 - Practical Business Wisdom from Michael GirdleyQuotable Moments from Michael Girdley"Don't do a formal board until you absolutely have to. Don't waste time with formality unless you really feel like you have to do it. Find that stuff the other way if you can. Because boards are a lot of work.""One of the problems with human nature is we'll take people problems and we'll try to throw a system at it, or we'll take a system problem and we'll try to throw people at it. And it's easy to just get really screwed up there.""Never underestimate the power of an enemy, real or imagined to motivate a company.""I'd rather be in a great business with a mediocre team than a mediocre business with a great team. The market wins every time.""This idea of the genius with a thousand helpers or genius with 12 helpers - a lot of businesses run that way. And if you wanna sell your business someday, you need to figure out how to run your business as a real business and not as 12 glorified assistants, which I see happen a lot."Learn how you can improve your customer and project workflows! BOOK YOUR FREE 30-MINUTE STRATEGY CALL HERE! More from Michael GirdleyGirdley.comAcquisitions Anonymous PodcastNearScalepath65 Things You Should Never Do in Life and Business9 Systems Every Business NeedsThe Complete Holdco CourseMore from Martintheprofitproblem.comannealbc.com   Email MartinMeet With MartinLinkedInFacebookInstagramMore from Khalilbenali.com Email KhalilMeet With KhalilLinkedInFacebookInstagramMore from The Cashflow ContractorSubscribe to our YouTube channelFollow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)Visit our websiteEmail The Cashflow ContractorResourcesNeed Marketing Help? We Recommend BenaliNeed Help with podcast production? We recommend Demandcast