The Profound Impact of Hiring and Overpaying Exceptional Talent

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Jim Oliver is a successful entrepreneur with a passion for owning businesses passively. His simple formula for success is to hire exceptional people, overpay them, and give them the opportunity to become owners themselves. Jim recently implemented this strategy with a trash company he co-owns with his partner Nick Costco, where they found the right individual and are overpaying him in the beginning with the opportunity to earn up to 20% ownership. With this person now acting like an owner, Jim is free to pursue other business opportunities and replicate this successful model.