Latest / Business Roundtable / Why Your Business Can't Run Without You
Transcript
- 0:13Speaker 1: Welcome back to the Business Roundtable podcast. I'm your host,
- 0:16Speaker 1: David Carr, founder of Steward Your Business. We bring great
- 0:20Speaker 1: leaders to help you, the business owner. The leaders scale
- 0:23Speaker 1: with clarity, align your teams, make sure that you actually
- 0:26Speaker 1: have sustainable growth. And we're going to get into an
- 0:30Speaker 1: issue that I've seen a lot of times where business
- 0:32Speaker 1: owners really think they have a people problem, or maybe
- 0:36Speaker 1: it's a time problem or even a strategy problem, but
- 0:38Speaker 1: often not. It's what's really happening is that business owner
- 0:42Speaker 1: is structured in a way that keeps everything flowing back
- 0:44Speaker 1: to them and they are really feeling stuck. And when
- 0:46Speaker 1: that happens, the growth slows, there's decision bottlenecks, and the
- 0:50Speaker 1: leaders really get stuck in working in their business and
- 0:53Speaker 1: instead of really on it. And that's what we're going
- 0:55Speaker 1: to unpack today. I'm joined with by Carol Schultz, who
- 0:59Speaker 1: really helps CEOs break out of that trap and build
- 1:02Speaker 1: organizations that really are able to scale beyond them. And Carol,
- 1:07Speaker 1: I want to say thank you and welcome for coming
- 1:09Speaker 1: on the podcast. And before we were recording, I said
- 1:13Speaker 1: one thing that stood out to me. I wanted to
- 1:14Speaker 1: ring out to you right at the beginning was you say,
- 1:17Speaker 1: you talk about freeing hostages and what does that mean
- 1:20Speaker 1: in the context at all all this I just laid out.
- 1:23Speaker 2: Yeah, David, it really means CEOs who have become consumed
- 1:28Speaker 2: by their business, right, so they're spending most of the time.
- 1:32Speaker 2: I mean a lot of us talk about working in
- 1:34Speaker 2: the business versus working on the business, but really, in
- 1:38Speaker 2: its simplicity, that's what it is. They're consumed by working
- 1:41Speaker 2: in their business with minutia, with things that really if
- 1:47Speaker 2: the proper structures and frameworks were in place and processes,
- 1:51Speaker 2: they would be freed to actually grow the business and
- 1:54Speaker 2: scale it.
- 1:55Speaker 1: Yeah, and I love that, And this is why I
- 1:56Speaker 1: wanted you to come on the podcast. You have a
- 1:58Speaker 1: wealth experience and background where I'm hack this. But one
- 2:02Speaker 1: thing you just mentioned there is when CEOs say they're overwhelmed,
- 2:05Speaker 1: like I'm just so overwhelmed, is what have you seen
- 2:10Speaker 1: helping these CEOs? What's really going on underneath there?
- 2:14Speaker 2: Well, they don't have the support that they need for
- 2:16Speaker 2: one thing, or they're you know, they hire people that
- 2:22Speaker 2: are not are not fully qualified to do the jobs
- 2:25Speaker 2: are in right, It's not just the people problem, it's
- 2:27Speaker 2: recognizing what you need in certain roles to be able
- 2:32Speaker 2: to accomplish what you as the CEO or CEO founder
- 2:35Speaker 2: need to accomplish. Right. So one example is one of
- 2:39Speaker 2: my former clients who is a thought leader in her
- 2:43Speaker 2: she's a thought leader in the area of impact investing.
- 2:48Speaker 2: She's amazing. And when I first met with her, when
- 2:52Speaker 2: she first reached out to me, she told me she
- 2:54Speaker 2: was working between eighty and one hundred hours a week. Wow,
- 2:57Speaker 2: and wait, wait, wait for it, fifty percent that was
- 3:00Speaker 2: being spent managing people.
- 3:02Speaker 1: Oh wow, not hiring.
- 3:03Speaker 2: People, managing people. She had employees jumping their managers and
- 3:10Speaker 2: going straight to her.
- 3:11Speaker 1: Mmmm.
- 3:13Speaker 2: So that's just one tiny little example. It was destroying
- 3:17Speaker 2: her life. She could never have any time off. I mean,
- 3:19Speaker 2: it was horrible.
- 3:21Speaker 1: Yeah.
- 3:21Speaker 3: Absolutely, Well, this is why I'm doing because, as you know,
- 3:25Speaker 3: with Steward your business, I help with those teams, but
- 3:28Speaker 3: not with the CEO is locked up like you're saying,
- 3:31Speaker 3: and if they just have all these decisions coming back
- 3:33Speaker 3: to the founder, like you said, oh my gosh, that is.
- 3:35Speaker 1: Just you're you are feeling like you're a hostage and
- 3:38Speaker 1: you're you're almost imprisoned by your company.
- 3:42Speaker 2: Yeah, and that's exactly what she was in this case.
- 3:46Speaker 1: Yeah, so it doesn't. So it doesn't sound like it's
- 3:50Speaker 1: it's the business isn't broken, it's just the way that
- 3:53Speaker 1: the needs to be up on the way healthier way,
- 3:58Speaker 1: and the businesses is broken in that case, Like you're
- 4:00Speaker 1: showing because it's not sustainable, but you're saying, Okay, I'm
- 4:03Speaker 1: going to help this business owner, this founder shift it.
- 4:06Speaker 1: And so that is not all coming back to them.
- 4:08Speaker 1: And I love that because I loved seeing where there's
- 4:10Speaker 1: these self managing teams. But it's like you said that,
- 4:14Speaker 1: it sounds like she was enabling this and obviously you
- 4:17Speaker 1: saw the pattern coming in there, Carol, and you're like,
- 4:19Speaker 1: this is not a healthy.
- 4:20Speaker 2: Pattern, right, no, very And the thing is that she
- 4:23Speaker 2: was she wasn't and is incredibly self aware, right, And
- 4:28Speaker 2: this was happening to somebody this self aware And this
- 4:32Speaker 2: is not uncommon among founder CEOs, right. I mean I
- 4:35Speaker 2: work with founder CEOs and regular CEOs were not the founder, right,
- 4:40Speaker 2: And but it goes across the board, but I think
- 4:44Speaker 2: it's particularly common with founder CEOs. They feel very responsible.
- 4:49Speaker 2: It's their vision, it's their baby, and it causes them
- 4:56Speaker 2: to really need we feel like they need to be
- 5:02Speaker 2: involved everywhere or you know. I had a founder say
- 5:06Speaker 2: to me late last year that he just didn't I
- 5:14Speaker 2: just don't think I can get the best people because
- 5:18Speaker 2: of because I'm a startup and where I am. And
- 5:21Speaker 2: I said, I call bullshit on that. I mean, I
- 5:25Speaker 2: was a head hunter for years and I got people,
- 5:29Speaker 2: and I got startups the best people. I didn't get
- 5:33Speaker 2: them the players or c players. They got A players
- 5:36Speaker 2: because I worked with a Leble companies, right, And so
- 5:40Speaker 2: he just did not understand because so many founders think, well,
- 5:44Speaker 2: I can do the hiring myself, and she had done
- 5:46Speaker 2: that on her own up till then.
- 5:47Speaker 1: Also, wow she.
- 5:49Speaker 2: Had and many founders think, oh I can do it.
- 5:51Speaker 2: How hard is it? Well, I don't know. I was
- 5:52Speaker 2: a professional headhunter for thirty years. It's hard. Yeah, to
- 5:56Speaker 2: be great at it, it's hard. It's not hard to
- 5:58Speaker 2: be terrible at it.
- 6:02Speaker 1: Well, I love how you're bringing this. You're you're recognizing
- 6:06Speaker 1: these different patterns and as a you brought up a little.
- 6:09Speaker 1: I mean, obviously if you're working eighty hours or doing
- 6:11Speaker 1: all this time. I like these metrics that you're putting
- 6:14Speaker 1: out there because I, as a business owner, I want
- 6:15Speaker 1: them to listen or even though you know you're you're
- 6:18Speaker 1: seeing your leader do this, you're a business owner. It's
- 6:21Speaker 1: like sometimes they don't even realize how much they're off
- 6:25Speaker 1: Carol and and.
- 6:27Speaker 2: And yeah, I'm not so sure David, that they really
- 6:31Speaker 2: that they don't realize that. I don't. I don't.
- 6:34Speaker 1: I just don't because in the stand and just think
- 6:37Speaker 1: I'll just figure out somehow it'll get better one one day.
- 6:41Speaker 2: No, but uh no, they just don't know how to
- 6:44Speaker 2: get themselves out of it, right. I had another founder
- 6:47Speaker 2: not long ago, probably in the last three months say
- 6:50Speaker 2: to me that his family was literally at the bottom
- 6:52Speaker 2: of the food chain. Mm hmm of everything he had
- 6:55Speaker 2: to do. M I mean, as it has that working
- 7:00Speaker 2: for you? You know that's I mean, how happy is
- 7:03Speaker 2: your family? You don't get to your kid, you don't
- 7:04Speaker 2: get see your wife.
- 7:05Speaker 1: Right right? Pramatic, I mean problematic.
- 7:10Speaker 2: And and I've been on the founders that I've worked
- 7:12Speaker 2: with in the past who made it to every one
- 7:14Speaker 2: of their kids games. Yeah, because you knew how to
- 7:17Speaker 2: put the structures in place to allow them to do that,
- 7:20Speaker 2: right is it?
- 7:22Speaker 1: Is it like you said, they just don't know how
- 7:24Speaker 1: to do this? And that's where you come in, Carol
- 7:26Speaker 1: with them and build this structure, if you will. But
- 7:31Speaker 1: they keep throwing out these different things of like, okay,
- 7:33Speaker 1: they there's they recognize the problem, but they don't know
- 7:36Speaker 1: how to like interrupt that pattern in a healthy way,
- 7:40Speaker 1: and so they just kind of like kick the cand
- 7:43Speaker 1: down the road, so to speak. And one and one
- 7:45Speaker 1: thing I liked before we recorded this, we were talking
- 7:47Speaker 1: about you were with a mentor. I work with mentors.
- 7:50Speaker 1: You have to have some people kind of sometimes come
- 7:51Speaker 1: from outside the organization. And that's why you and I
- 7:54Speaker 1: work as we can break this down to coach, advisor, consultant,
- 7:57Speaker 1: and so forth. But somebody that comes from out outside, right,
- 8:00Speaker 1: they can just kind of see things that they're not
- 8:02Speaker 1: living and breathing on a daily basis where they feel
- 8:05Speaker 1: like I can't see it. I mean, you know it's there.
- 8:08Speaker 1: It's like, how do I exactly break that up? And
- 8:10Speaker 1: I say, like, you have that experience, Carol coming in
- 8:14Speaker 1: and recognizing, oh, this is the this is what's limiting
- 8:17Speaker 1: you here right.
- 8:19Speaker 2: Well, and and you know, one of the key things
- 8:22Speaker 2: I said was about this one founder was she was
- 8:25Speaker 2: incredibly self aware. I've got a new client, same thing,
- 8:29Speaker 2: very very self aware, and that is I would say
- 8:33Speaker 2: the most important thing to be working with anybody if
- 8:36Speaker 2: they're If I have a CEO who is not self aware,
- 8:38Speaker 2: I'm probably not going to take on their business.
- 8:41Speaker 1: Mm hmmmm.
- 8:43Speaker 2: I'm going to make it three months before I can
- 8:45Speaker 2: still taking on their business mm hmmm, to see if
- 8:49Speaker 2: they can become self aware.
- 8:51Speaker 4: Right, yeah, Well, we just I was just recorded a
- 8:55Speaker 4: podcast last week on This Carol where we were talking
- 8:58Speaker 4: about fear and people, well the lack of self awareness.
- 9:02Speaker 1: So if we can at least get to self awareness,
- 9:04Speaker 1: then you can start to do something about it. I
- 9:06Speaker 1: think that's your thing. I can actually do something with you.
- 9:09Speaker 1: But if you have no self awareness, you don't see
- 9:11Speaker 1: it's a problem or an issue. How much I give you?
- 9:14Speaker 2: Well, right and then, and you know me, even even
- 9:18Speaker 2: thinking to take their money, it's just not going to
- 9:20Speaker 2: it's not going to work. I'm going to be miserable, right,
- 9:23Speaker 2: I'm not going to get the job done, and I'm
- 9:26Speaker 2: not going to put myself into a position where I'm
- 9:28Speaker 2: not going to get a job done. It's not going
- 9:30Speaker 2: to do it. You know, I've seen other executive coaches.
- 9:35Speaker 2: I have a somebody that I know well who coached
- 9:40Speaker 2: a CEO founder that I worked with a number of
- 9:42Speaker 2: years ago, and you know, I've been coaching him for
- 9:45Speaker 2: fifteen years, and you know he has this problem? Is
- 9:47Speaker 2: this probably is this problem? I'm like, but he's had
- 9:49Speaker 2: those problems for fifteen years? Why are you still coaching him?
- 9:53Speaker 2: Either you're a horrible coach or he's just a horrible coach?
- 9:56Speaker 2: E for both? Right, something something's not right there when
- 10:02Speaker 2: somebody's not making any progress. Yes, And I've just you know,
- 10:08Speaker 2: I'm with you. I just can't put myself into that position.
- 10:11Speaker 1: It's just too much Adjita, Yeah, I know, I'm with
- 10:15Speaker 1: you and Carol. Either way I work with my clients
- 10:19Speaker 1: is results space. Are we making progress? Are we moving
- 10:21Speaker 1: in the direction we keep working it?
- 10:22Speaker 2: Or not?
- 10:23Speaker 1: Then we don't and then we move on. I like
- 10:25Speaker 1: your ethics and the way that you approach it, Carol. Yeah,
- 10:27Speaker 1: you know what a question to Finn and followup with
- 10:30Speaker 1: you on and when you're working with these folks and
- 10:32Speaker 1: you said they're not getting it figured out? When when
- 10:34Speaker 1: you come in and you start working with these folks,
- 10:36Speaker 1: what are they missed? What are they misdiagnosing? In themselves,
- 10:40Speaker 1: like they're aware, they know there's a problem, but they're
- 10:42Speaker 1: not addressing the problem, like oh, I should do the
- 10:44Speaker 1: hiring or I should be doing this, and it's like
- 10:46Speaker 1: it's not working for them. What are you seeing that,
- 10:48Speaker 1: miss leaders? Leaders kind of misdiagnose that you're like, this
- 10:52Speaker 1: is a problem, it's it's for you.
- 10:54Speaker 2: I'm not sure sure if it's a misdiagnosis David or
- 10:58Speaker 2: more of them just not just kind of being clueless
- 11:02Speaker 2: about it. I just don't know. Right. So, I've got
- 11:06Speaker 2: a relatively new client who, after my second call with him,
- 11:16Speaker 2: had an epiphany one night. He had already shared with
- 11:20Speaker 2: me that he does not like to hold people accountable,
- 11:23Speaker 2: and he needs to fire two people and he has
- 11:27Speaker 2: to rehire some people, and there's some other issues he's having,
- 11:30Speaker 2: and he said to me. It was a few days
- 11:34Speaker 2: after he and I talked, he called me back up
- 11:35Speaker 2: and he goes, you know what, I just realized, He said,
- 11:38Speaker 2: I don't like to be held accountable. And I thought, man,
- 11:42Speaker 2: I just love you. You are so awesome. Right that he
- 11:45Speaker 2: came to that on his own, I'm sure it came
- 11:49Speaker 2: out of the work we had done, and as he
- 11:51Speaker 2: started thinking about it a little bit more, right. I Mean,
- 11:53Speaker 2: it's just that kind of self awareness of being able
- 11:55Speaker 2: to figure some of these things out on your own.
- 11:57Speaker 2: Also is just music to my ears because now that's
- 12:02Speaker 2: one more piece that he's gotten to based on probably
- 12:05Speaker 2: a conversation that we had, and you can get us
- 12:08Speaker 2: where we're going a little faster. Right. So you know,
- 12:11Speaker 2: the issue is what I always think about is what's
- 12:16Speaker 2: the outcome they're going to get from working with me?
- 12:19Speaker 2: And I don't like to say it depends because that's
- 12:24Speaker 2: a little too wishy washy. I mean, it really does
- 12:26Speaker 2: depend because every person's what they need. It's different for
- 12:31Speaker 2: a lot of people what they need, Okay. But the
- 12:35Speaker 2: ultimate outcome of this process that I is, the process
- 12:39Speaker 2: that I do the organizational scaffold system, is freeing their
- 12:44Speaker 2: time so they can actually go back to growing their business.
- 12:48Speaker 2: I don't teach anyone how to scale a business. That
- 12:51Speaker 2: is not my expertise, yep, okay, But what I freedom
- 12:56Speaker 2: to do is to be able to scale their business, yeah,
- 13:00Speaker 2: and to lead the vision and so on and so forth.
- 13:03Speaker 2: So that's that's a distinction. I just want to point
- 13:07Speaker 2: out because there's a million people out there saying oh,
- 13:09Speaker 2: I'm gonna help you scale this and I'm going to
- 13:10Speaker 2: get you leads, and no, I don't do any of that.
- 13:13Speaker 2: I get them out of the business and get something
- 13:15Speaker 2: in there to support them. Yeah, so that they can
- 13:18Speaker 2: go on and do what they are really good at.
- 13:21Speaker 1: Absolutely, That's why I wanted you have on the you
- 13:22Speaker 1: on the Business round Table podcasts, because you bring a
- 13:24Speaker 1: different perspective Carol that we don't have as I do.
- 13:27Speaker 1: And I don't do that, but what you do in
- 13:29Speaker 1: the steward your business angle, I'm like developing the people
- 13:31Speaker 1: and the teams underneath them in alignment with what you've
- 13:33Speaker 1: been able to do, right, And that's what we have
- 13:35Speaker 1: that synergy here. What I do want to bring up
- 13:38Speaker 1: to you though, because we talked about this on our
- 13:40Speaker 1: pre calls, and I love meeting with our guests ahead
- 13:42Speaker 1: of time so you guys get a real pure conversation here.
- 13:46Speaker 1: One of the things Carol, that we talked about a
- 13:48Speaker 1: little bit is that this idea of a strategy trap,
- 13:52Speaker 1: like there's a business owners fall into this strategy trap
- 13:57Speaker 1: of like they get started you mentioned earlier in the operation.
- 14:00Speaker 1: But I want to break this down a little bit
- 14:01Speaker 1: more because I think this is a key concept that
- 14:03Speaker 1: you you you have and in helping business owners and
- 14:07Speaker 1: and then again you mentioned earlier like how everything depends
- 14:10Speaker 1: on them, and so can you break down a little
- 14:12Speaker 1: bit about this idea of like, well, you know, you
- 14:17Speaker 1: talked about lack of strategy, time burnout, the installed growth,
- 14:21Speaker 1: and a little bit more you said this. I liked
- 14:23Speaker 1: the aha you just said. This guy said, Hi, I.
- 14:25Speaker 2: Don't like to be uh does like to be held accountable?
- 14:29Speaker 1: You know? And so you know, we so we get
- 14:33Speaker 1: we can fall into this crap of you know, they're
- 14:38Speaker 1: trying to like you said, they're trying to scale, but
- 14:40Speaker 1: there are still because of these own limitations. That was
- 14:44Speaker 1: a great one. Hey, I don't want to be accountable
- 14:46Speaker 1: that they're everything still depends on them, And so can
- 14:48Speaker 1: you just expand on that a little bit more like
- 14:52Speaker 1: when they get stuck in that that strategy of like, hey,
- 14:56Speaker 1: you know, it just still needs to revolve around me
- 14:59Speaker 1: and I'm notaing out of my own way? Is there
- 15:01Speaker 1: any level of like significance about that for them? Carol?
- 15:05Speaker 2: Well, I think some of it really boils down to
- 15:10Speaker 2: a colleague of mine and I wrote an article. I
- 15:14Speaker 2: am a regular contributor to INC magazine, so she co
- 15:18Speaker 2: authored an article with me about founder's syndrome. Okay, and
- 15:22Speaker 2: she and I look at it, I would say tangentially
- 15:25Speaker 2: the same. But kind of the bottom line with founders
- 15:30Speaker 2: in particular is, you know, I am the panacea. I
- 15:36Speaker 2: founded the company. I'm the one with the vision, I'm
- 15:39Speaker 2: the one with the idea, so on and so forth,
- 15:42Speaker 2: and they often believe that nobody else can have that right.
- 15:48Speaker 2: So I my comment to that is, typically, if Mark
- 15:56Speaker 2: Zuckerberg did not own fifty one percent of Meta, do
- 15:58Speaker 2: you think he would be the CEO? And every answer
- 16:04Speaker 2: I've ever gotten was no, probably not right. Yeah, they
- 16:07Speaker 2: would have gotten he chooses his own board that will
- 16:10Speaker 2: not dump him.
- 16:11Speaker 1: Mm hmm.
- 16:12Speaker 2: Okay. And I think that that's the kind of thing,
- 16:18Speaker 2: the analogy that we kind of need to think about here. Right,
- 16:21Speaker 2: you are not the only one that can have a
- 16:23Speaker 2: vision to lead this company, So now you start start
- 16:27Speaker 2: thinking about succession lutely, because who you are from zero
- 16:34Speaker 2: to five million or zero to ten million and then
- 16:39Speaker 2: ten to fifty million might be two different people. Yes,
- 16:44Speaker 2: one of my former search clients back when I'm still
- 16:46Speaker 2: doing search work full time amazing startup. They sold their
- 16:50Speaker 2: company after five years for north of a half a
- 16:52Speaker 2: billion dollars to a well known tech firm, and Dan,
- 16:57Speaker 2: the CEO co founder, replaced himself to this happening hmmm hmm,
- 17:02Speaker 2: because even though he had done some exits, he needed
- 17:05Speaker 2: an expert at that. Yes, So he became chairman of
- 17:09Speaker 2: the board and he replaced himself with another CEO who
- 17:13Speaker 2: was expert and what they needed to the next step
- 17:16Speaker 2: of their growth or exit or whatever that was. And
- 17:18Speaker 2: it was obviously very successful at north of half a
- 17:20Speaker 2: billion dollars. Yeah, they chose not to go public because
- 17:24Speaker 2: the offer made so much sense for them.
- 17:26Speaker 1: Mm hmm.
- 17:27Speaker 2: You know, and listen, you know, five hundred million dollars
- 17:29Speaker 2: is pretty good. That gives us a pretty good few money, right,
- 17:33Speaker 2: and they were very very successful and they have done
- 17:36Speaker 2: it in five years is pretty extraordinary. So he recognized
- 17:42Speaker 2: that he was not the only person who could be
- 17:44Speaker 2: the founder CEO. There could be somebody else who could
- 17:46Speaker 2: be a CEO and replace him and do it quite successfully,
- 17:49Speaker 2: which is what happened.
- 17:50Speaker 1: Mm hmm.
- 17:51Speaker 2: So founder syndrome really can get in the way of people.
- 17:55Speaker 1: Right now, I want to flip it around on that
- 17:57Speaker 1: a little bit, because I think I think that's so powerful.
- 17:59Speaker 1: You used talked about like getting out of your own way.
- 18:03Speaker 1: Sometimes what I hear and you this is going to
- 18:05Speaker 1: draw on your experience to again recruiting and and finding talent.
- 18:09Speaker 1: But sometimes they also want to say, well there's a
- 18:11Speaker 1: problem here, but I but I'm just going to hire
- 18:15Speaker 1: the right person. I just got to find better people.
- 18:17Speaker 1: You know, these people I currently have aren't doing the
- 18:20Speaker 1: job for me. If I find and I experienced another company,
- 18:23Speaker 1: I felt like every six months or year that the
- 18:25Speaker 1: owner would try and find somebody in and they seemed
- 18:27Speaker 1: like they were going to quote a silver bullet and
- 18:29Speaker 1: they would for a moment there, everybody kind of looked
- 18:31Speaker 1: down like we know you're going to.
- 18:32Speaker 4: Be that the the the.
- 18:36Speaker 1: Desired one or whatever you want to say the person.
- 18:38Speaker 1: But eventually would wear off and then we're like, okay,
- 18:41Speaker 1: we're back now, they're no longer that, they're no longer
- 18:44Speaker 1: the silver bullet coming in. And so we've done so
- 18:47Speaker 1: much work in this in the past carew before we're
- 18:50Speaker 1: recoalivation in this space where and I see this two
- 18:53Speaker 1: working with recruiters like get people in there, And I
- 18:54Speaker 1: was like, that didn't solve.
- 18:55Speaker 2: The problem, because because so I spoke to a founder
- 19:00Speaker 2: not long ago with this exact same problem. He said,
- 19:04Speaker 2: he's doing He's not only is he the founder and CEO,
- 19:06Speaker 2: he's now the head salesperson because every salesperson he's hired
- 19:11Speaker 2: has been unsuccessful. So I asked him a number of
- 19:14Speaker 2: questions about that, why that was, and who was doing
- 19:18Speaker 2: the you know, he was doing the search work himself,
- 19:20Speaker 2: and so on and so forth, and I said, you
- 19:22Speaker 2: do realize the common denominator here, right as you? Right,
- 19:27Speaker 2: you're the common denominator. You're the one who's hired all
- 19:30Speaker 2: these people. So maybe it's not the people you're hiring.
- 19:35Speaker 2: Maybe it's that you don't actually understand what you're looking
- 19:37Speaker 2: for and you don't know how to find that person,
- 19:40Speaker 2: qualify that person. I mean, you're not, are you? You know,
- 19:42Speaker 2: are you a professional recruiter?
- 19:43Speaker 1: Right?
- 19:46Speaker 2: No? Well exactly, but everybody thinks they are.
- 19:48Speaker 1: Yep.
- 19:50Speaker 2: And you know that's a that's a whole separate podcast
- 19:52Speaker 2: of the spiraling downward of recruiting since the Internet came along. Yeah,
- 19:57Speaker 2: I mean, all the Internet's really done has made people
- 19:59Speaker 2: easier to find it has not improved recruiting worth a lick.
- 20:03Speaker 1: Yeah, and you know.
- 20:04Speaker 2: The people who the people who I still have friends
- 20:07Speaker 2: who like me, have more experience because because I only
- 20:09Speaker 2: backfill myself now and hire chance of staff for the
- 20:13Speaker 2: CEO and I exit out of my process. But but
- 20:16Speaker 2: you know, I still consider myself not full time a
- 20:19Speaker 2: professional headhunter because I still have all those skills and
- 20:21Speaker 2: I know people like me that have even more experience
- 20:23Speaker 2: than I do. Right, And you know, the goal has
- 20:26Speaker 2: to be that that generation does not die, that we
- 20:29Speaker 2: teach the next generation of people how to do it properly,
- 20:32Speaker 2: because nothing will be fixed. So if you don't truly understand,
- 20:36Speaker 2: back to your question, truly understand what it is you
- 20:42Speaker 2: need and why you need that, and how to find
- 20:45Speaker 2: that person and how to interview for that person and
- 20:47Speaker 2: write a position description and build competency models to rate
- 20:51Speaker 2: them off of and do performance reviews off of your
- 20:55Speaker 2: sol you really are And that's what and that's what
- 20:58Speaker 2: had happened to this guy, like why are you being
- 21:02Speaker 2: the full time This is ridiculous that you're spending your
- 21:05Speaker 2: time as a full time salesperson. You're never going to
- 21:08Speaker 2: be able to grow your company if you keep doing.
- 21:09Speaker 1: That, absolutely absolutely never and yeah, and I love the
- 21:15Speaker 1: way you broke it down to all the different elements
- 21:17Speaker 1: you have to have for that person to be successful.
- 21:19Speaker 1: I remember, Carroll, quite honestly, I was going and doing
- 21:22Speaker 1: an interview for a very large utility company down here,
- 21:25Speaker 1: and I asked them, like, what does this position look
- 21:27Speaker 1: like and how while I win at this position? And
- 21:29Speaker 1: it was very imomorphous, and I'm like, I ain't going
- 21:32Speaker 1: into this because like, I'm almost set up to lose,
- 21:35Speaker 1: even though I like the people. I would just la,
- 21:39Speaker 1: I'm not going to be able to company. And to
- 21:42Speaker 1: your point, I try to when I come in with
- 21:43Speaker 1: a company, if they need what we're going to get
- 21:47Speaker 1: into next is how this structure that you hrobally help
- 21:50Speaker 1: them build out, because if it's not there, it's like
- 21:52Speaker 1: how do you plug those people in? Having gone like
- 21:57Speaker 1: coming into a very small business at the time, they
- 21:59Speaker 1: hadn't done a million in revenue. I came in there
- 22:01Speaker 1: and four and a half years later we did. We're
- 22:03Speaker 1: almost seven million in revenue. The change is evolutions every
- 22:08Speaker 1: to a year. We had to have outside help. There's
- 22:11Speaker 1: no way we would just collapse in on ourselves. And
- 22:15Speaker 1: I think that's why I wanted you, because you see
- 22:18Speaker 1: this and you're coming outside in and and and you're
- 22:23Speaker 1: they're they're getting hiring wrong. They're they're looking at Oh,
- 22:26Speaker 1: it's it's it's my my time. I can just do
- 22:29Speaker 1: more of this. It's not working. And so what I
- 22:31Speaker 1: like is like where you come in and I like
- 22:34Speaker 1: this approach for you, the way you call it, this
- 22:36Speaker 1: organizational scaffold, if you will, that that you've developed, and
- 22:41Speaker 1: I want you to break that down for us, because
- 22:43Speaker 1: what is, like you said, we've got these different problems,
- 22:45Speaker 1: and how does that fix the problem of these business
- 22:48Speaker 1: owners still feeling feeling hostage. You're breaking that and we're
- 22:51Speaker 1: That's that's why I'm so glad you're.
- 22:53Speaker 2: Here right right. Thank you. I appreciate that.
- 22:56Speaker 1: Yeah. Yeah.
- 22:57Speaker 2: So so really to break it down, it's a it's
- 23:00Speaker 2: a three phase, nine step about twelve week process, right,
- 23:04Speaker 2: So you know, I like to say, your sort of
- 23:06Speaker 2: tongue in cheek, I help them get their shit together,
- 23:09Speaker 2: but but in reality, nobody's buying that. So so you know,
- 23:14Speaker 2: the first phase, the first three steps go four, five,
- 23:20Speaker 2: maybe six weeks, it depends. I My goal is to
- 23:24Speaker 2: get it done within about a month. Yeah, and and
- 23:28Speaker 2: there's there's three phases. One is what I would more
- 23:33Speaker 2: easily call, you know, our our formal term is it
- 23:37Speaker 2: isn't for it is an an organizational architecture and leverage review,
- 23:41Speaker 2: also known as gap analysis. Yeah, okay, Right, So I'm
- 23:46Speaker 2: going in interviewing everyone on the executive team and the
- 23:50Speaker 2: board and any potential individual contributors or maybe lower level managers.
- 23:56Speaker 2: Talk about that ahead of time. So how many you know,
- 23:58Speaker 2: aside from the executive team and board, let's throw in
- 24:01Speaker 2: a few other people. Ye, right, and I walk in
- 24:05Speaker 2: with only about six or seven questions. Of course, those
- 24:07Speaker 2: lead me to many other questions, right, because those questions
- 24:10Speaker 2: lead people into other areas. And my goal is to
- 24:14Speaker 2: come out of that clearly understanding where the gaps are
- 24:18Speaker 2: in the organization. They often lie with Oh, the board
- 24:22Speaker 2: and the executive team are not aligned, yeah okay, or
- 24:26Speaker 2: the CEO and the executive team are not aligned. Right,
- 24:31Speaker 2: So that really shows us not only lack of alignment
- 24:34Speaker 2: in the organization, shows me where the gaps are. So
- 24:38Speaker 2: what has to be closed? Right? So how are we communicating?
- 24:41Speaker 2: I have always said the lowest common denominator around the
- 24:48Speaker 2: level of a company's success or failure is how they communicate.
- 24:52Speaker 2: So so much of what I learn in this first
- 24:56Speaker 2: step comes out of some sort of lack of effective communication.
- 25:02Speaker 2: You know, you can't just paste your vision up on
- 25:04Speaker 2: the wall, especially everyone to get it. You have to
- 25:07Speaker 2: live it, right, So you know, from there I can
- 25:12Speaker 2: build a roadmap of what the work is going to
- 25:15Speaker 2: look like and what we need to do moving forward. Okay,
- 25:19Speaker 2: and then step three of that first phase is really
- 25:24Speaker 2: starting to look at our communication structures. Not just how
- 25:28Speaker 2: we communicate one on one, David, but how do we
- 25:31Speaker 2: communicate across the organization? Sure, how leaders communicate to their
- 25:37Speaker 2: direct reports, which may be different generation than they are,
- 25:43Speaker 2: or different generations across their subordinates. Right, And you know
- 25:49Speaker 2: one example I would use is I always ask leaders, well,
- 25:56Speaker 2: when you start talking about communication, I mean, is it
- 26:00Speaker 2: your way? Well, here's how I need you to communicate.
- 26:04Speaker 2: Not a good idea, you must must ask the employee.
- 26:07Speaker 2: Doesn't mean they're going to get everything they want. Sure,
- 26:11Speaker 2: how can I help you? How what's the best way
- 26:17Speaker 2: for us to communicate together so that you get everything
- 26:20Speaker 2: you need and can flourish in this job yep, okay,
- 26:24Speaker 2: And sometimes there has to be you know, you have
- 26:26Speaker 2: to look at that and think, well, this isn't working.
- 26:29Speaker 2: I mean with my chief of staff, she's I think
- 26:32Speaker 2: two years off of Z so she's a millennial. And when
- 26:35Speaker 2: we first started working together three years ago, she had
- 26:40Speaker 2: a suggestion of voice she wanted to communicate and I
- 26:42Speaker 2: said okay, and that was completely ineffective for me. It
- 26:45Speaker 2: did not work, and we immediately went to primarily sending
- 26:51Speaker 2: voice memos via text because now you get tone, you
- 26:56Speaker 2: get words, yep, yep. You still you don't always get
- 26:59Speaker 2: to see the Now we have at least one call
- 27:01Speaker 2: a week, We have one scheduled call a week, and
- 27:06Speaker 2: when we need to talk. In fact, we talked this afternoon,
- 27:09Speaker 2: so and yesterday, so it just depends. But what we've
- 27:17Speaker 2: noticed is if there's too much blowing up of the
- 27:19Speaker 2: voice memos, we get on the telephone immediately because there's
- 27:23Speaker 2: just too much. I missed, I missed the text. I'm
- 27:26Speaker 2: too busy, I don't want to. I'd rather just get
- 27:27Speaker 2: on the phone, spend twenty or thirty minutes with her
- 27:29Speaker 2: if I need to, and just talk through this. So
- 27:31Speaker 2: that's that's stage one, Phase one and then phase two
- 27:36Speaker 2: steps really you know, four, five and six start to
- 27:40Speaker 2: really measure team competencies to give us insights. So I
- 27:45Speaker 2: look at the executive team, you know, how are their
- 27:47Speaker 2: teams performing, where are they struggling, so that I can
- 27:52Speaker 2: start to figure out what do they need to help
- 27:55Speaker 2: support them and supporting their individual their their directors. Yeah, right,
- 28:01Speaker 2: implementing leadership accountability. And when I say leadership, David, I
- 28:04Speaker 2: don't just mean people with leadership titles, Okay, I mean
- 28:10Speaker 2: if I'm an individual contributor, I still need to be
- 28:12Speaker 2: a leader. Yeah, I need to lead by example, okay,
- 28:17Speaker 2: And that's leadership also, so it's not just the quote leaders.
- 28:22Speaker 2: And then we start to establish protocols for improvement loops. Right, okay,
- 28:30Speaker 2: so this is where we're struggling. What do we need
- 28:33Speaker 2: to put in place to actually help you and support
- 28:36Speaker 2: you so that you're not falling down on this or
- 28:41Speaker 2: your employees are not falling down on this.
- 28:43Speaker 1: Okay?
- 28:44Speaker 2: And that goes about another month ish, right, So these
- 28:47Speaker 2: are each about four ish weeks.
- 28:49Speaker 1: Yeah.
- 28:50Speaker 2: My goal is I said to be done in about
- 28:51Speaker 2: twelve weeks. Sometimes it can go a little bit longer,
- 28:53Speaker 2: depends on the size of the organization. Also large organizations,
- 28:58Speaker 2: you know, when they start getting up to be about
- 28:59Speaker 2: you know already forty million above, sometimes take a little
- 29:02Speaker 2: bit longer to do this process. And then you know,
- 29:05Speaker 2: basically weeks nine through twelve our training teams to be independent. Right. So,
- 29:12Speaker 2: now that we know we've put improvement loops in place,
- 29:15Speaker 2: we've got leadership accountability in place, and these leaders want
- 29:18Speaker 2: their teams to be independent. So I said my chief
- 29:21Speaker 2: of staff, she's completely independent of me. She manages most
- 29:25Speaker 2: of my people. Yeah for me, so I don't have
- 29:28Speaker 2: to waste my time doing it, absolutely, and I get
- 29:30Speaker 2: involved when I need to, right, So we want to
- 29:34Speaker 2: make sure we're putting that kind of thing in place.
- 29:36Speaker 2: So you know what, you schedule a call with your
- 29:38Speaker 2: people once a week, yeah, and if they need you
- 29:41Speaker 2: for something, then they can come to you. We you know.
- 29:46Speaker 2: And then I start to showcase these results back to
- 29:49Speaker 2: the CEO and the rest of the executive team because
- 29:53Speaker 2: some of this might have been done I hate to say,
- 29:55Speaker 2: in a silo, but working with each person individually, we
- 29:58Speaker 2: want to bring it back in and see what we've
- 30:00Speaker 2: put in place. Okay, and then we the CEO and
- 30:05Speaker 2: I sit to side by side and say, okay, are
- 30:07Speaker 2: you ready for a chief of staff? So part of
- 30:10Speaker 2: this night set process is also and we get to
- 30:13Speaker 2: this usually in phase two, sometimes early in phase three.
- 30:18Speaker 2: Just like I said, it will depend on the size
- 30:20Speaker 2: of the company is rebuilding all their position descriptions. So
- 30:26Speaker 2: I bring the recruiting piece that I've done for so
- 30:28Speaker 2: many years, the retained piece especially, sit down with the stakeholders,
- 30:33Speaker 2: We run a kickoff meeting like I would for any
- 30:35Speaker 2: retained search, and we write the new position description. Based
- 30:40Speaker 2: on that, we build a competency model. And the competency
- 30:43Speaker 2: model for each of these positions not only helps the
- 30:46Speaker 2: hiring manager hire better, and now can use that for
- 30:49Speaker 2: performance reviews. So how often do we hear that people
- 30:54Speaker 2: in the news, I got fired and I don't know
- 30:56Speaker 2: my performance reviews were good, I don't know why they
- 30:58Speaker 2: fired me. Guess what, when you start working through competency mouths,
- 31:01Speaker 2: both for your hiring and your performance reviews, you have
- 31:04Speaker 2: objective people actually have specific measure of results they know
- 31:09Speaker 2: they need to produce.
- 31:10Speaker 1: Yep, yep. Absolutely.
- 31:13Speaker 2: Why does it make everybody's life a whole lot easier?
- 31:15Speaker 1: Right? It's not so ambiguous and to your point, I
- 31:17Speaker 1: think if you're doing that work at the higher level,
- 31:20Speaker 1: like you're saying, Carol, you're identifying these are the most
- 31:22Speaker 1: important things we have to do as a company, because
- 31:25Speaker 1: what I've saund as a manager or a lower level person
- 31:28Speaker 1: is sometimes it doesn't align. And so we got to
- 31:31Speaker 1: get like these are the top because there's a lot
- 31:33Speaker 1: of things we can do, right, I mean, is it
- 31:36Speaker 1: going to really make a difference at the end of
- 31:37Speaker 1: the day, it's like, well, let's just drop that off,
- 31:39Speaker 1: or that's not as important. This is important, right, you know?
- 31:43Speaker 4: Right?
- 31:43Speaker 2: So I do want to point out that this the
- 31:46Speaker 2: scaffold system covers about ish eighty percent of what the
- 31:53Speaker 2: CEO is ultimately going to need to be freed. The
- 31:57Speaker 2: other twenty percent lives in the blind spot of them.
- 32:00Speaker 2: So when I've been hired, they may think they know
- 32:03Speaker 2: what they know, but ultimately there's always things living in
- 32:06Speaker 2: a blind spot. Yeah, and that extra about twenty percent.
- 32:12Speaker 2: Now that I've worked side by side with them for
- 32:15Speaker 2: the first you know, three months. Can I'm so sorry
- 32:23Speaker 2: my doorbell just rang. I hope you can cut this
- 32:26Speaker 2: piece out, yes, And I'm not going to answer it.
- 32:29Speaker 2: I don't know who it is, so I don't think
- 32:30Speaker 2: I'm although I see text it could be one of
- 32:32Speaker 2: my girlfriends coming over to visit me. But oh well,
- 32:35Speaker 2: you'll please cut this out. Let me get back to
- 32:37Speaker 2: my thought. So that extra twenty percent is living in
- 32:44Speaker 2: the blind spot, and by working side by side with
- 32:46Speaker 2: them over this first three months, I know exactly what
- 32:49Speaker 2: they're going to need now. So when I go to
- 32:53Speaker 2: either praise the place a fractional or full time chief
- 32:56Speaker 2: of staff with them, that person can now not only
- 32:59Speaker 2: take off all the frameworks and processes that I've put
- 33:02Speaker 2: in place. Okay, they get that extra twenty percent. Yeah,
- 33:09Speaker 2: how do I know this? Because I placed chiefs of
- 33:12Speaker 2: staff in the past. I had my own chief of
- 33:14Speaker 2: staff and guess what, none of this this was all
- 33:17Speaker 2: in a blind spot for me. The whole process what
- 33:20Speaker 2: I do now all in a blind spot for me. Yeah,
- 33:23Speaker 2: and I think, boy, if I had known then what
- 33:26Speaker 2: I know now, I would have said to every one
- 33:28Speaker 2: of them, know, we need to do this first, then
- 33:30Speaker 2: I'll give you a chief of staff because that extra
- 33:33Speaker 2: twenty percent could make or break the chief of staff's success. Oh,
- 33:37Speaker 2: and that the CEO is now freed to do what
- 33:39Speaker 2: they need to do.
- 33:40Speaker 1: Right, So getting that so spending that time with the
- 33:42Speaker 1: CEO those first couple months and then saying, Okay, now
- 33:47Speaker 1: I see we can bring this person in really help
- 33:50Speaker 1: leverage you. So don't you don't want to bring them
- 33:51Speaker 1: in too early because you have to get this all
- 33:53Speaker 1: kind of distilled down, and then you can really I
- 33:57Speaker 1: see that, we really can unlock for the CEO to
- 33:59Speaker 1: then focus and get out of the day to day
- 34:01Speaker 1: minutia that they once were and like, oh my gosh,
- 34:03Speaker 1: I've got achieved steps to understand this, and they know
- 34:05Speaker 1: all the priorities and and where people need to be
- 34:08Speaker 1: and and all that front end work. And so I think,
- 34:12Speaker 1: I hope it's the business Own show. You guys are
- 34:14Speaker 1: listening into this. It's like slow down to go faster.
- 34:16Speaker 1: Sometimes we're going so fast, we're being what is I
- 34:20Speaker 1: like to say, sometimes we're being efficient. So we're being
- 34:23Speaker 1: efficient but not effective. Right, We're doing a lot of
- 34:27Speaker 1: things like but is it really getting us where we
- 34:29Speaker 1: want to be? Not really? In the power of having
- 34:31Speaker 1: somebody like you, Carol come in and say, look, let's
- 34:35Speaker 1: break slow this down a little bit, come up the
- 34:36Speaker 1: break so we can be healthier and get this organizational
- 34:41Speaker 1: scaffolding in place, and then I don't know a lot
- 34:44Speaker 1: of businesses are using this language, but I like it
- 34:47Speaker 1: of a chief of staff coming in there and really
- 34:51Speaker 1: helping you in this capacity as that CEO and really like,
- 34:54Speaker 1: I'm going to help help you don't become a hostage again.
- 34:57Speaker 1: We're not going to go get back, go back and
- 34:59Speaker 1: get imprisoned again. We're going to keep you out of
- 35:01Speaker 1: prison if you will, right.
- 35:02Speaker 2: Well, And part of it is, yeah, I mean, all
- 35:04Speaker 2: these processes are going to help free the CEO, but
- 35:07Speaker 2: the final piece that ultimately frees them is that partner. Right.
- 35:11Speaker 2: So there are different levels of chiefs of staff. They're lower,
- 35:14Speaker 2: you know, basically level one, level two, level three, right,
- 35:18Speaker 2: and depending on what the CEO needs. But that chief
- 35:22Speaker 2: of staff is the partner to the CEO. It's the
- 35:24Speaker 2: co pilot. Yeah, so the co pilot. Yeah, does the
- 35:29Speaker 2: co pilot sometimes have control of the plane, sure, But
- 35:32Speaker 2: the one who's ultimately in command is the captain yep, okay,
- 35:36Speaker 2: And that's what a great chief of staff does for you.
- 35:40Speaker 2: So you know, the chief of staff will go to
- 35:43Speaker 2: meetings in place of the CEO, not all of them,
- 35:45Speaker 2: but plenty of them. They also go to meetings with
- 35:48Speaker 2: the CEO. Okay, and you know, we have a little
- 35:53Speaker 2: guide that we use to help CEOs, but CEOs need
- 35:57Speaker 2: to think of We need to think of it as
- 35:59Speaker 2: do I need to be in that meeting?
- 36:02Speaker 1: Right?
- 36:02Speaker 2: Well, let's see, if I have to give a go
- 36:04Speaker 2: no go decision, I need to be in that meeting.
- 36:08Speaker 2: Right If it is a preparation to get me to
- 36:11Speaker 2: note a go no go, I do not need to
- 36:13Speaker 2: be in the meeting. The chief of staff can run
- 36:14Speaker 2: it for me, right. Okay, that starts to take a
- 36:18Speaker 2: huge amount of time because meetings, especially with founders, but
- 36:21Speaker 2: with all CEOs, take an immense amount of time away
- 36:26Speaker 2: from them strategizing.
- 36:28Speaker 1: Right right, Yeah, working on working on the business. Yeah, absolutely,
- 36:33Speaker 1: they're in the minisia. I know we're getting close to
- 36:36Speaker 1: into the podcast. You've covered a lot of great, you
- 36:38Speaker 1: know information. I like that that you've given us a
- 36:41Speaker 1: way to think about things differently with this organized scaffold
- 36:44Speaker 1: and building that out and then bringing a chief of
- 36:47Speaker 1: staff in there to help you and and be that,
- 36:50Speaker 1: like you said, co pilot if you will, And that's
- 36:53Speaker 1: I think empowering hopefully if you're listening to whether you're
- 36:56Speaker 1: the CEO currently or you're wanting to move into that
- 36:58Speaker 1: role or in that place, you're already you got this
- 37:01Speaker 1: great insight from Carol to like, oh, I should think
- 37:03Speaker 1: about this thing a little bit differently. I'm going to
- 37:06Speaker 1: make sure as you guys are listening, Carol and I
- 37:08Speaker 1: are connected on LinkedIn or all the show notes, we're
- 37:10Speaker 1: gonna have a grade in there. Her in articles will
- 37:12Speaker 1: put a link into that too, so you guys can
- 37:13Speaker 1: go check them out. There's just a ton of resources
- 37:15Speaker 1: on our website to a vertical elevation. But Carol, as
- 37:18Speaker 1: we're as we're getting close to in wrapping up the
- 37:20Speaker 1: podcast here, you've covered a lot of different things. So
- 37:22Speaker 1: if I'm if you're, if the CEO is listening in
- 37:24Speaker 1: here and they've they've kind of feeling convicted, they're self aware,
- 37:28Speaker 1: what would you encourage them to do? Obviously, we'll put
- 37:31Speaker 1: the content information so they can reach out to you
- 37:33Speaker 1: and have a follow up conversation, but what could they
- 37:35Speaker 1: do today just to kind of help move the needle forward.
- 37:39Speaker 2: I would invite them to sit down and start to
- 37:42Speaker 2: make a list of their daily the daily things that
- 37:45Speaker 2: they do. Yeah, okay, just start keep a journal. Do
- 37:49Speaker 2: it for a week, even Okay, I was in the
- 37:52Speaker 2: office at seven thirty, I did this from seven thirty
- 37:55Speaker 2: to eight o'clock. I did this from a day fifteen
- 37:57Speaker 2: whatever that looks like. Keep a journal, because otherwise you're
- 38:01Speaker 2: having to think, Okay, what did I do at that time?
- 38:03Speaker 2: What did I do at that time? This way, I'm
- 38:05Speaker 2: a big I'm a big advocate of, you know, the
- 38:07Speaker 2: sort of learning by doing the Socratic method. Yes, right,
- 38:11Speaker 2: So the minute you take pen to paper and start
- 38:14Speaker 2: writing all that down and then look at what where
- 38:16Speaker 2: you've just spent your time for a week, and often
- 38:19Speaker 2: the me thinking, holy crap, what was I look at
- 38:22Speaker 2: all the time I'm wasting? Yes, that will help it
- 38:26Speaker 2: hit home for you and to see, well, do I
- 38:30Speaker 2: really need to be doing this, or do I really
- 38:32Speaker 2: need to be doing that? What could I be doing
- 38:34Speaker 2: if I had support in those areas somebody else doing
- 38:37Speaker 2: that or that, or the actual person that's supposed to
- 38:40Speaker 2: be doing that is doing that. So the decision doesn't
- 38:42Speaker 2: and you know you talked about that early, the decision
- 38:45Speaker 2: doesn't fall back on the founder, right, The founder you know,
- 38:48Speaker 2: leaves that term bottleneck a lot because the founder or
- 38:50Speaker 2: the CEO ends up being the bottleneck to the company.
- 38:53Speaker 2: So that's what I would do. That's a real pen
- 38:55Speaker 2: to paper thing that you can start to do. Think
- 38:57Speaker 2: where am I spending my time?
- 38:59Speaker 1: Absolutely? Yeah. And then once you do that, go weet
- 39:02Speaker 1: out to Carol because you already have some great foundation
- 39:04Speaker 1: to get started. Carol, I think this has been a
- 39:06Speaker 1: very powerful conversation. I appreciate your perspective that you're really
- 39:10Speaker 1: helping those business owners not just push harder, but they
- 39:14Speaker 1: really helping them step back and build something that they
- 39:16Speaker 1: can operate on a legacy, something that they can leave
- 39:19Speaker 1: behind and feel proud about. And again, if you're listening
- 39:22Speaker 1: and you feel like this resonator, I want you to
- 39:23Speaker 1: make sure you guys, reach out to Carol and connect
- 39:26Speaker 1: with her. You know, is your business really built a
- 39:29Speaker 1: scale or something that's really dependent upon you to make
- 39:32Speaker 1: the decisions of momentum. That's what Carol just suggested to
- 39:34Speaker 1: you there. That's the real shift there. And Carol, I
- 39:37Speaker 1: just want to say thank you for coming on and
- 39:38Speaker 1: sharing your insights. It's been fantastic having you here.
- 39:41Speaker 2: No my pleasure, David, this is a great conversation.
- 39:43Speaker 1: I appreciate it absolutely well. As always, we appreciate you
- 39:47Speaker 1: guys following along and listening, lead, comment and like. Sure
- 39:51Speaker 1: Carol gets those and happy back here on the Business
- 39:55Speaker 1: Roundtable podcast. Thanks everybody, have an amazing day. Until next time,
- 39:59Speaker 1: be well,