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Business

Succession Secrets

Updated 1 day ago

Business
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Daily bite-size life lessons and insights, from Succession Coach, Entrepreneur, former Investment Banker and Father of Four. Visit Us: https://entrepcoaches.com

Read more

Daily bite-size life lessons and insights, from Succession Coach, Entrepreneur, former Investment Banker and Father of Four. Visit Us: https://entrepcoaches.com

iTunes Ratings

13 Ratings
Average Ratings
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Director of Cancer Informatics at VCU

By Tamas Gal - Jul 04 2016
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Insightful short episodes about all aspects of succession. Thought provoking and applicable.

Great Insights

By hungryman13 - Jul 02 2016
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Great insights and case studies from a seasoned entrepreneur coach.

iTunes Ratings

13 Ratings
Average Ratings
13
0
0
0
0

Director of Cancer Informatics at VCU

By Tamas Gal - Jul 04 2016
Read more
Insightful short episodes about all aspects of succession. Thought provoking and applicable.

Great Insights

By hungryman13 - Jul 02 2016
Read more
Great insights and case studies from a seasoned entrepreneur coach.
Cover image of Succession Secrets

Succession Secrets

Latest release on May 11, 2018

The Best Episodes Ranked Using User Listens

Updated by OwlTail 1 day ago

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This means that the episode rankings aren't working properly. Please revisit us at a later time to get the best episodes of this podcast!

Rank #1: 086 Your Socratic Friend

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How friends differ from flatterers and how business coaches differ from friends. Includes a plug for my favorite podcast, Philosophise This, by Steven West. https://bit.ly/2I8HHaM

May 11 2018

6mins

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Rank #2: 085 The One Silver Bullet

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They say there is no silver bullet, but I think I may have stumbled upon an exception, when it comes to creating scalable businesses. Check out this week's episode.

May 04 2018

12mins

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Rank #3: 084 Are You Weak on Sales or Attraction

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In today's episode, I lament about the strategy of an IT resource placement company I recently met, which is selling itself to contractor candidates on the "strength" of its benefit packages.  Listen to the show to find out how successful this strategy has proved to be and what could help them, as well as you del listener, to reposition yourself in the eyes of future employees. (Hint: the Entrepreneurial Operating System is a good tool to leverage to this end too.)

Apr 25 2018

5mins

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Rank #4: 083 - High Expectations Work

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We had some fierce conversations about my daughter’s pondering whether to drop a class with which she may have overreached. My wife gave her a hard time about it, which I felt was perhaps unreasonable. However, it reminded me of Sam Walton, Walmart’s founder, who stated that “High Expectations are the Key to Everything”. Remember Steve Jobs? he wasn’t exactly a nice guy, as he had unreasonable expectations all the time. It was super-hard to work for him, but he changed the world and built the greatest company on Earth. There are other examples, like Napoleon or Cezar, whose ambitions killed millions, but who says they were not great leaders? Tune into today’s show to hear my musings about what great expectations led to in my own company and how to set (or why avoid setting) great expectations to yourself, your family and the people around you. How do YOU set expectations? Please tweet #asksuccessionsteve or email me at steve@entrepcoaches.com.

Visit Us: entrepcoaches.com

Oct 08 2016

7mins

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Rank #5: 082 - Three Ways to Exert Leadership

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I received a question from Christos Nikolau the other day about the difference between Leadership and Coaching. Thanks for the questions Christos!  Leadership is the action of influencing people to achieve goals. Coaching is one of the ways to exert this leadership. In today’s episode, I am discussing the three ways to exert leadership. The first one is Modeling, where you are leading people by setting a personal example of the attitudes and performance that you expect them to emulate. This works well in the workplace or in your family, where people see you operating. It also works when you are visible through the media, and we emulate celebrities, artists, and politicians, for better or worse. This is why we need leaders that we can look up to and that are worth emulating. George Washington, Gandhi and Angela Merkel are good examples.  Coaching is a tool to help individuals or groups to figure things out themselves the right way forward. It is the Socratic method of leadership that allows you to influence other’s thinking indirectly, without having to tell them what to do. It works in one-to—one and small group situations - like Vistage executive peer-groups - where direct interaction in possible. The third tool of leadership is inspiration, when you create the desire in your listeners to want to follow your lead. Inspirational leadership is exerted through public speaking, writing, acting or through other media, like audio or video. inspirational leadership has the biggest potential impact, as you can reach millions of people with your message. The more the hesitance between you and your audience the more inspiring the message must be. Think of “Don’t ask what your country can do for you…”, or “I have a dream….”, or “Imagine….”. How do YOU exert leadership? Please tweet to #asksuccessionsteve or email me at steve@entrepcoaches.com.

Visit Us: entrepcoaches.com

Oct 06 2016

8mins

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Rank #6: 081 - Selling in a falling market

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Tune in to the story of how we sold a communications business in late 2008, when the bottom fell out of the mergers and acquisitions market. Hint: it was not about strong-arm tactics and yes, speed was a HUGE factor.

Oct 04 2016

8mins

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Rank #7: 080 - The Spouse Behind the Sale

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When you are a buyer of a business or an investment banker, it is critical to figure out the motivation of the seller. In today's episode, I tell the story of the reluctant seller, whose spouse was driving the transaction that he wasn't committed to make happen.
 
Eventually, the deal worked out great for the seller and there are two lessons in this tale worth hearing and processing.
 
Your succession is success!

Aug 18 2016

8mins

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Rank #8: 079 - A More Compelling Future

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There are three main triggers for the succession of the business owner: (1) necessity, (2) an irresistible offer, and my favorite: (3) a more compelling future. In today’s episode, I tell the story of a former client of mine, Csaba Kovacs, a Hall of Fame hockey player (not in the NHL, but still a Big Deal) who initiated his exit to realize a much bigger dream, that was to benefit not just him, his family and his associates, but his country. He sold his business to devote his time and energy to becoming the deputy chairman of the Hungarian Hockey Association and help elevate Hungarian Ice Hockey from Division C to the Elite Division of the International Ice Hockey Federation.

Check http://successionsecrets.podbean.com/ to listen to the show or read the transcripts and learn how having a compelling future can help you build a more valuable business, exit it at peek valuation and use it as a springboard to an audacious dream.

Your succession is success!

Aug 13 2016

8mins

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Rank #9: 078 - Smart and Lazy People

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One of my favorite books is “On War” from an early 19th century Prussian general, Claus von Clausewitz.  This is possibly the most famous book on military strategy after “Art of War”, that most of you have heard of.  In his book Clausewitz talks about grouping officers into four clusters in terms of their intelligence and diligence. There are the dumb and lazy officers, who should be left alone. The smart and diligent officers must be taken great care of, as they will get everything done and make you look good.  The dumb and diligent ones are dangerous and should be fired or pushed aside, as they screw everything up. However, the smart and lazy officers are destined for the highest positions in the army…
The smart and lazy ones - this is what today’s podcast show is about.
Tune in to hear my story about a smart and lazy colleague of mine and how he made a stellar career at KPMG London, where I started my career. Find out how to become a smart and lazy entrepreneur yourself and what it means to your succession.
Tune into the show at http://successionsecrets.com.
Your succession is success!

Aug 11 2016

11mins

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Rank #10: 077 - Chief Enabling Officer

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One of my clients, who runs a major advertising agency in Richmond, introduced himself to our Vistage CEO peer group as the “Chief Enabling Officer”. In today’s episode, I share with you a story about one of my early bosses, Hassan, who was a Chief Enabling Officer of the Structured Finance department of the bank where I worked 20 years ago. Hassan never seemed to be doing much work himself, other than coaching the twelve of us in the department... lobbying senior management for resources... negotiating with other departments we had to deal with... and generally removing any obstacles from our way... so that we could power ahead without the frustrations and frictions I experienced in my previous jobs
Tune into today’s Succession Secrets show to hear this story, or just scan the transcripts on http://successionsecrets.com.
Your Succession is Success!

Aug 09 2016

8mins

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