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#219: How Giving Up More Control Can 2x Enterprise Value with Allie Taylor, PhD & Business Psychologist
There is a direct correlation between the size of a company and how tight of a grip the owner has on it, and it's not in the way you might think. Listen to this incredibly important episode to learn how to double your company's enterprise value by giving up a bit of control—and why this is the best scary thing you can do for yourself and your business.
What You Will Learn In Today's Podcast Interview
How separating governance from management roles is vital to success.
The five personality attributes business owners should know about: High-innovativeness; higher tolerance for ambiguity; high need for goal achievement; internal locus of control; and a higher propensity for prudent risk-taking.
Why your identity can be either your superpower or kryptonite, which you can tell based on how you respond to being challenged.
What generations get wrong in communication and how it leads to misunderstanding.
How self-identity is often fused to role-identity and what to do about it.
You can align your strategy and culture to improve your bottom line by 50%.
How private equity destroys culture.
That if you’re struggling today in your business, the next step is to make no decision except to start being curious.
The sunk-cost fallacy and how to recognize the mindset.
If you’re a dissenting voice, you need to have data to support your opinions before someone is going to be open to listening to you.
How to capitalize on 2020's challenges to get the future you want.
Podcast Summary
If you’re having trouble loosening your control on your business, you’ll need no more convincing than this episode with Allie Taylor. She has an actual PhD in business psychology which she applies to her business every day to help her clients achieve greater financial and personal freedom. Her tips on how to increase your enterprise value by 50% are powerful and simple, though require a bit of self-reflection and hard work. She also tackles common issues plaguing business owners like the sunk-cost fallacy and miscommunication issues at the workplace that result in decreased efficiencies. We need to learn how to leverage the people around us to achieve this, and that’s unnatural for most. As she says, you must seek to understand before you can be understood. That said, the first person you should seek to understand is yourself. Knowing if your identity (and your relationship with your business) is serving you or harming you cements the next steps you need to take for personal and business growth. As a business gets bigger, it becomes more complex. One person can't give all the disparate parts the attention they deserve, so it's necessary to learn how to give up control for growth. If you find yourself feeling defensive when questioned with a fresh perspective, your ego isn’t serving you. Separating your identity from your role in the business lets you see things more clearly to pivot both into stronger positions.
About Allie Taylor
View all episodes
By Arkona - Intentional GrowthThere is a direct correlation between the size of a company and how tight of a grip the owner has on it, and it's not in the way you might think. Listen to this incredibly important episode to learn how to double your company's enterprise value by giving up a bit of control—and why this is the best scary thing you can do for yourself and your business.
What You Will Learn In Today's Podcast Interview
How separating governance from management roles is vital to success.
The five personality attributes business owners should know about: High-innovativeness; higher tolerance for ambiguity; high need for goal achievement; internal locus of control; and a higher propensity for prudent risk-taking.
Why your identity can be either your superpower or kryptonite, which you can tell based on how you respond to being challenged.
What generations get wrong in communication and how it leads to misunderstanding.
How self-identity is often fused to role-identity and what to do about it.
You can align your strategy and culture to improve your bottom line by 50%.
How private equity destroys culture.
That if you’re struggling today in your business, the next step is to make no decision except to start being curious.
The sunk-cost fallacy and how to recognize the mindset.
If you’re a dissenting voice, you need to have data to support your opinions before someone is going to be open to listening to you.
How to capitalize on 2020's challenges to get the future you want.
Podcast Summary
If you’re having trouble loosening your control on your business, you’ll need no more convincing than this episode with Allie Taylor. She has an actual PhD in business psychology which she applies to her business every day to help her clients achieve greater financial and personal freedom. Her tips on how to increase your enterprise value by 50% are powerful and simple, though require a bit of self-reflection and hard work. She also tackles common issues plaguing business owners like the sunk-cost fallacy and miscommunication issues at the workplace that result in decreased efficiencies. We need to learn how to leverage the people around us to achieve this, and that’s unnatural for most. As she says, you must seek to understand before you can be understood. That said, the first person you should seek to understand is yourself. Knowing if your identity (and your relationship with your business) is serving you or harming you cements the next steps you need to take for personal and business growth. As a business gets bigger, it becomes more complex. One person can't give all the disparate parts the attention they deserve, so it's necessary to learn how to give up control for growth. If you find yourself feeling defensive when questioned with a fresh perspective, your ego isn’t serving you. Separating your identity from your role in the business lets you see things more clearly to pivot both into stronger positions.
About Allie Taylor