How to Handle Leadership in a Family-Owned Multi-Generational Business
Dynasty Leadership Podcast
Pete Scherer is the CEO and a third-generational leader in the family business, Scherer bros. Lumber Co. Out of nearly 300 employees, there are currently four family members that work and lead within the company. In this episode, Pete explains how he leads and keeps the interests of the company aligned when he hears multiple visions and thoughts from different members of the family. Key Takeaways: [1:30] A little bit about Pete and his company, Scherer bros. Lumber Co. [3:10] How does Pete structure the business? [6:30] What trade-offs did previous generations have to make in order to...
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The Five Characteristics of an Impact Player
Dynasty Leadership Podcast
Liz Wiseman is CEO of The Wiseman Group and teaches leadership to executives around the world. She is the author of three best-selling management books: Multipliers, The Multiplier Effect, and Rookie Smarts. She is out with her newest book, Impact Players, where she analyzes what makes someone truly stand out as a team leader. In this episode, she shares the five signs of an impact player, how they think differently, and how they have the ability to elevate everyone’s collective mood. Key Takeaways: [2:10] A little bit about Liz and her company. [3:20] Why are some leaders able to...
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Help! My C-Suite Executive Wants to Start a Side Hustle.
Dynasty Leadership Podcast
Tom Fallenstein is the CEO and Founder of Fun.com and allowed one of his C-suite members to explore other career opportunities while still on the job. Tom takes a different perspective when it comes to letting his staff explore their dreams and interests. In this episode, you’ll learn why it might be a good thing for members of your team to have a split focus, and some of the benefits it might bring to you and your company. Key Takeaways: [2:10] A little bit about Tom and his company Fun.com. [4:15] Tom allowed one of his own executives to branch out and start his own company...
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Get Yourself an Executive Assistant
Dynasty Leadership Podcast
Mackenzie Doheny is an Executive Assistant (EA) with over 20 years of experience working with C-Suite executives, presidents, and founders in the non-profit, private, and public spaces. In addition, she has over 10 years of experience hiring, training, and managing administrative assistants – both to work on her team and to support other executives. In this episode, Mackenzie explains why every executive needs a little bit of virtual support from their EA. Key Takeaways: [1:50] A little bit about Mackenzie and her services. [3:15] When should leaders get an executive assistant? [4:50]...
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How to Lead a Remote Team as a CEO
Dynasty Leadership Podcast
Stefan Du Toit is the CEO of Paradise Yacht Management, the leading Caribbean term charter management company, strategically based in the Virgin Islands. When COVID-19 hit, many CEOs were faced with a tough decision and had to completely restructure their organization. In this episode, Stefan shares how he thought through this dilemma and why he chose to lead his company from afar when things went into lockdown. He offers what he learned from this experience and some of the best ways to execute this method. Key Takeaways: [1:50] A little bit about Stefan and his business. [9:30] How did...
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How to Overcome Random Acts of Marketing
Dynasty Leadership Podcast
Jennifer Zick is the Founder and CEO of Authentic Brand, a community of Fractional CMOs who help growing businesses Overcome Random Acts of Marketing™ and confidently take the next right step to build revenue. In this episode, Jennifer shares how a fractional CMO can help revitalize your business when you’re in the middle of the growth stages. She offers a seven-part framework to help break out of any marketing funk you might have. Key Takeaways: [2:20] A little bit about Jennifer and her business. [2:50] For a startup, what are the core executive roles in the very beginning? [5:10]...
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The 5 Step Process Behind Measured Employee Success
Dynasty Leadership Podcast
Lior Geft is the CEO at Mabbly, a full-service digital marketing agency that helps a wide range of businesses scale and grow. Because of Lior’s background as a recruiter, Lior wanted not only the best out of his people, but to create sustainable processes around the work that they did so that they could be kept accountable and grow. In this episode, we find out what Lior’s interview process is to vet and find talent, how they measure employee success, and so much more! Key Takeaways: [1:20] How do you minimize turnover and create accountability with your team? [3:05] A little bit...
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What Venture Capital Firms are Looking to Buy
Dynasty Leadership Podcast
David Garcia is the CEO and Founder of ScoutLogic, a pre-employment background screening company. David is also the Senior Advisor for Norwest Venture Partners, where he helps provide his expertise on sales, marketing, operations strategy, and more. David offers insight in this week’s episode on what venture capital firms are looking for when they’re about to make an offer, or acquisition, on a company. He also offers advice on what Founders should be doing if they’re looking to exit out of their company. Key Takeaways: [1:40] What do you do when you’re getting ready to...
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How to Have Healthy Conflict to Accelerate Growth
Dynasty Leadership Podcast
Dr. Zach Schaefer is the Founder and CEO of Spark The Discussion. He is also a Speaker, Author, Professor, and Consultant. Spark specializes in diagnosing, designing, and deploying a variety of workplace programs focused on solving internal talent challenges from hire to retire. Dr. Zach shares that the problems you’re dealing with in business are only a symptom to a bigger problem, and that’s a behavioral problem. When you can facilitate a conversation of healthy conflict and solve the behavioral problem, things run a lot smoother in the company! Key Takeaways: [1:55]...
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How You Find, and Keep, the Best People
Dynasty Leadership Podcast
Marc Reifenrath is the CEO and Co-Founder at Spinutech, a National Digital Agency focusing on digital marketing, web design, and web development with five locations. Marc has been able to not only retain his talent, but he’s generated a 0% turnover rate in the last 10 years. He shares in this episode the importance of core values and culture to maintain a strong company even when it’s being acquired/merged. Key Takeaways: [:55] We’re often trying to look for the best people, but right now many employers are looking for people period. [2:15] People are your biggest...
info_outlineDavid Garcia is the CEO and Founder of ScoutLogic, a pre-employment background screening company. David is also the Senior Advisor for Norwest Venture Partners, where he helps provide his expertise on sales, marketing, operations strategy, and more. David offers insight in this week’s episode on what venture capital firms are looking for when they’re about to make an offer, or acquisition, on a company. He also offers advice on what Founders should be doing if they’re looking to exit out of their company.
Key Takeaways:
[1:40] What do you do when you’re getting ready to put your company on the market? And more important, what do buyers look for?
[3:35] What types of companies does Norwest Venture Partners prefer to acquire?
[4:55] David has not seen hiring slow down at all at his background screening company.
[8:00] You’d be surprised to know that management and finance don’t always have a clear picture of their own finances.
[11:00] What is the number one thing that destroys your credibility as a company when a venture capital firm is looking to buy?
[15:00] The last thing you want is for your customers to hear it from someone else that you’re being acquired.
[18:55] What are some of the best ways to tell your company’s story to an investor?
[21:55] For a lot of investors, it’s more than the dollar and cents amount. They want to see how the leadership works, and how the customers respond to your company.
[22:10] When does it make sense for a founder to think about their own role in the company?
[25:55] What do you do if staff have equity in the company?
[26:35] What are the most likely jobs that could be put at risk?
[30:10] David shares his thoughts on who your outside advisory team should be in this process.
[34:45] What are some of the most common mistakes business owners make?
[37:55] No matter what, you want a clean story for your business so that you can get the maximum profits out of this.
Mentioned in This Episode:
Email Todd: Todd@Dynastylc.com