419. LIVE Coaching Session #5 With Nickie Froiland

21/10/2024

Grow or Die Podcast

0:00

41:37

In this episode of the "Grow or Die" podcast, I sit down once again with my coach, Nickie Froiland, for our fifth CEO coaching session. We dive deep into the complexities of leadership and the pitfalls that can hold back business growth, particularly for founders. We break down the "7 Types of Founders Disease" and talk about the ways leaders can hinder their company's progress, even when they believe they’re pushing it forward. This session is packed with actionable insights, focusing on overcoming control issues, making smarter financial decisions, and creating a culture of trust and empowerment within your team.

You’ll hear personal stories about my growth as a leader, the hard lessons I’ve learned in business, and how I’m applying these lessons to ensure the success of my company. If you're a business owner or aspiring leader looking to take your company to the next level, this episode will give you the tools and strategies to move past common obstacles.

Timestamps:

- [00:26] – Sneak peak into the episode.
- [3:15] – Working hard vs. working dumb: Recognizing low-impact tasks that stall business progress.
- [4:45] – Justin talks about hiring a new CEO and lessons learned from his previous experiences.
- [6:02] – The seven types of "founders disease" that can hurt business growth.
- [7:15] – Founder Disease #1: Control, and how it stifles both creativity and business expansion.
- [9:05] – Founder Disease #2: Improper funding and lack of financial controls, and how Justin learned hard lessons in this area.
- [10:30] – Founder Disease #3: Poor people management and hiring practices, and how to structure 90-day trial periods with new hires.
- [11:50] – Founder Disease #4: Decision paralysis and over-analyzing, leading to business stagnation.
- [13:00] – Founder Disease #5: Lack of a go-to-market growth strategy and the need for clear KPIs.
- [15:12] – Founder Disease #6: Applying limited resources to unlimited opportunities, and the danger of chasing too many things at once.
- [16:30] – Founder Disease #7: Culture and how to foster a supportive, growth-driven environment within your company.
- [18:50] – Control as an illusion: How white-knuckling the steering wheel doesn’t get you to your destination any faster.
- [20:00] – Understanding why the need for control is rooted in fear, and how letting go can speed up outcomes.
- [22:45] – Justin discusses empowerment within his company and how to trust his managers to fully take the reins.
- [25:00] – How to shift from “allowing” to “empowering” your team for long-term success.
- [30:18] – The importance of living within your means and Justin’s personal approach to financial discipline.