On today’s show, we have author, entrepreneur, and CEO Joel Trammell. We’re going to be talking about what makes an amazing CEO. Joel brings his business expertise on various metrics, hiring techniques, and other measurable tips you can use to foster a healthy and happy business culture. After all, the most successful businesses have the best culture and environment for their teams.Not only does Joel talk about what it takes to be a good CEO, he also talks about how you can hire the next CEO when you’re ready to pass on the torch.

Joel teaches leaders how to make their company great and he does so as a chairman at iGrafx and as the CEO of a business management software system called Khorus. Joel focuses on how to build up companies from within. He’s written a book called The CEO Tightrope, which talks about how he took two companies and built them up to a nine-figure acquisition from the foundation up.

We’ll navigate the fives responsibilities a CEO can’t delegate and how to offload the rest of the responsibilities to the right staff, including an argument for using micro-training to ensure maximum retention and job success. CEO is a highly skilled and nuanced role, and directly impacts your success. Since you can’t perform every role in your company as it scales, you’ll be forced to make a tough call between working on your business or in it, and a strong CEO is the right solution to help you position your company for growth. If you’re still playing as part of the orchestra, who is conducting?

 

What You Will Learn In Today's Podcast Interview

How to effectively get rid of your anxiety about the future by hiring the right people

When you need a ‘real’ CEO and what they’re responsible for

The five things a CEO can’t delegate

How the best CEOs hire rockstar executives in every position, even if they’ve never actually held the role

Why—as the owners of a business—you shouldn’t know every single deal your company is doing

How to give up the right roles—and at the right time—as your business scales and enters different stages of complexity

Why decision making is the “grease that skids the wheels” and enables exponential growth

What micro-training is and why it can increase your percentage of long-term employees

When you need to address your operating models and why it’s contingent on number of employees

Why every employee should know what decisions they can make, and make them quickly

The importance of clearly detailing what good performance is and making a playbook for it for your staff

How small choices (like jeans vs. suits) feed into the overall culture of your company

Valuable tips on goal setting, coaching and accountability—starting with you

The difference between holding people accountable and objective reality

 

Are You Growing The Value of Your Business

Take The 2-Minute Assessment To Get Your Intentional Growth Score™ And 1-Page Vision Board.

Are your company's current initiatives intentionally designed to increase the value of the business?

Do you know what you want from your business long term and why?

Do you know what your company is worth?

Do you know the differences between Management, Family Transitions, PE Firms, ESOPs and Strategic Buyers?

Does the business have a written strategic plan on how to achieve the desired normalized EBITDA and valuation?