Hands-Off CEO

How to Get Your Team to OWN It! Delegating Ownership

Listen Later

Delegating ownership frees up time for CEOs so they can focus on the business. Mandi Ellefson talks about the right way to let go of your business and hand the reins over to capable leaders, and how this helps you actually work on growing the business.


Key Ideas:

  1. The challenge with delegating ownership is that if you don't scale the right way, you'll find that your client results start to decline, Mandi shares. Oftentimes, you can find yourself in a position where you need to be hands-on with the project in order to fulfill promises you make to clients. This is the entrapment cycle. [2:38]
  2. “One of the things that we've noticed is that a company can have a really great operations leader, but if they don't have years of experience operationalizing a custom high ticket service, then they're going to really struggle to be able to make that work in the company,” Mandi explains. [5:11]
  3. Hands-Off CEO helped one of their clients, Jack, reposition their business to a subset of the part of the business that they were already doing, and create a compelling offer. This enabled them to bring in multiple six figure types of clients. [9:06]
  4. You don’t hire strategists - you train them. [11:07]
  5. Many CEOs mistakenly believe that they manage people. 
  6. In fact, they manage agreements between people. This mindset makes it easier to define and communicate what success looks like and what expectations leaders have for their teams. [12:42]



    7. Resources

    Mandi Ellefson on LinkedIn | Twitter | Facebook

    Hands-Off CEO - Executive Briefing

    ...more
    View all episodesView all episodes
    Download on the App Store
    Hands-Off CEOBy Mandi Ellefson
    • 5
    • 5
    • 5
    • 5
    • 5

    5

    47 ratings

    More shows like Hands-Off CEO

    View all
    The EntreLeadership Podcast by Ramsey Network

    The EntreLeadership Podcast

    4,412 Listeners

    The GaryVee Audio Experience by Gary Vaynerchuk

    The GaryVee Audio Experience

    16,843 Listeners

    Tropical MBA: Entrepreneurship & Founder Lifestyle by Dan Andrews; Ian Schoen

    Tropical MBA: Entrepreneurship & Founder Lifestyle

    468 Listeners

    Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies by Jason Swenk

    Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies

    122 Listeners

    Build a Better Agency Podcast by Drew McLellan

    Build a Better Agency Podcast

    286 Listeners

    Consulting Success Podcast by Consulting Success

    Consulting Success Podcast

    235 Listeners

    Ditching Hourly by Jonathan Stark

    Ditching Hourly

    54 Listeners

    Inside Strategic Coach: Connecting Entrepreneurs With What Really Matters by Dan Sullivan and Shannon Waller

    Inside Strategic Coach: Connecting Entrepreneurs With What Really Matters

    129 Listeners

    The Martell Method w/ Dan Martell by Dan Martell

    The Martell Method w/ Dan Martell

    577 Listeners

    The Game with Alex Hormozi by Alex Hormozi

    The Game with Alex Hormozi

    4,465 Listeners

    The Diary Of A CEO with Steven Bartlett by DOAC

    The Diary Of A CEO with Steven Bartlett

    8,466 Listeners

    The Agency Profit Podcast by Parakeeto, Marcel Petitpas

    The Agency Profit Podcast

    28 Listeners

    The Jasmine Star Show by Jasmine Star

    The Jasmine Star Show

    2,608 Listeners

    Creator Science by Jay Clouse

    Creator Science

    465 Listeners

    Grow Your Independent Consulting Business by Melisa Liberman

    Grow Your Independent Consulting Business

    72 Listeners