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To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
Connect with Melissa:
Consultation Call: https://www.melissafranks.com/fractionalcooservices
3 Operational Leaks Every Business Has Masterclass. https://oncallcoo.melissafranks.com/3operationalleaks
Learn more about On Call COO fractional services → https://www.melissafranks.com
Watch the Episodes on Youtube
Instagram: instagram.com/melissa_franks
LinkedIn: Melissa Franks
To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
Connect with Melissa:
Consultation Call: https://www.melissafranks.com/fractionalcooservices
3 Operational Leaks Every Business Has Masterclass. https://oncallcoo.melissafranks.com/3operationalleaks
Learn more about On Call COO fractional services → https://www.melissafranks.com
Watch the Episodes on Youtube
Instagram: instagram.com/melissa_franks
LinkedIn: Melissa Franks
To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
Connect with Melissa:
Consultation Call: https://www.melissafranks.com/fractionalcooservices
3 Operational Leaks Every Business Has Masterclass. https://oncallcoo.melissafranks.com/3operationalleaks
Learn more about On Call COO fractional services → https://www.melissafranks.com
Watch the Episodes on Youtube
Instagram: instagram.com/melissa_franks
LinkedIn: Melissa Franks
To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
Connect with Melissa:
Consultation Call: https://www.melissafranks.com/fractionalcooservices
3 Operational Leaks Every Business Has Masterclass. https://oncallcoo.melissafranks.com/3operationalleaks
Learn more about On Call COO fractional services → https://www.melissafranks.com
Watch the Episodes on Youtube
Instagram: instagram.com/melissa_franks
LinkedIn: Melissa Franks
To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
Connect with Melissa:
Consultation Call: https://www.melissafranks.com/fractionalcooservices
3 Operational Leaks Every Business Has Masterclass. https://oncallcoo.melissafranks.com/3operationalleaks
Learn more about On Call COO fractional services → https://www.melissafranks.com
Watch the Episodes on Youtube
Instagram: instagram.com/melissa_franks
LinkedIn: Melissa Franks
The episode discusses Melissa's awakening at a conference and the impact it had on her business identity. It explores the importance of adapting to changes in the business environment and the insights gained from attending a conference. The experience at the conference led to a new understanding of entrepreneurship and a reevaluation of the entrepreneurial spirit.
Takeaways
Adapting to changes in the business environment is crucial for professional growth.
Attending conferences and events can provide valuable insights and new perspectives.
Understanding the entrepreneurial spirit and community is essential for business identity and growth.
To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
Connect with Melissa:
Consultation Call: https://www.melissafranks.com/fractionalcooservices
3 Operational Leaks Every Business Has Masterclass. https://oncallcoo.melissafranks.com/3operationalleaks
Learn more about On Call COO fractional services → https://www.melissafranks.com
Watch the Episodes on Youtube
Instagram: instagram.com/melissa_franks
LinkedIn: Melissa Franks
To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
Connect with Melissa:
Consultation Call: https://www.melissafranks.com/fractionalcooservices
3 Operational Leaks Every Business Has Masterclass. https://oncallcoo.melissafranks.com/3operationalleaks
Learn more about On Call COO fractional services → https://www.melissafranks.com
Watch the Episodes on Youtube
Instagram: instagram.com/melissa_franks
LinkedIn: Melissa Franks
To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
Connect with Melissa:
Consultation Call: https://www.melissafranks.com/fractionalcooservices
3 Operational Leaks Every Business Has Masterclass. https://oncallcoo.melissafranks.com/3operationalleaks
Learn more about On Call COO fractional services → https://www.melissafranks.com
Watch the Episodes on Youtube
Instagram: instagram.com/melissa_franks
LinkedIn: Melissa Franks
This episode Melissa discusses the recent buyback of Beauty Counter by its founder, Greg Renfro, after private equity firm Carlyle Group acquired the majority shareholder interest in the company. The conversation explores the implications of this buyback and the challenges faced by Renfro in rebuilding the business. It also highlights the human element of such transactions, particularly the impact on the 65,000 brand advocates who relied on Beauty Counter for income. The episode concludes with advice for individuals working in companies undergoing private equity partnerships.
Takeaways
Private equity firms have a three to five-year time horizon and their goal is to make the business more profitable and sell it for a profit.
Private equity transactions often result in significant changes, disruption, and transformation within the company.
Individuals working in companies undergoing private equity partnerships should be prepared for change, adopt a change is good mindset, and separate themselves from the business by focusing on their own skills and value.
The human element of private equity transactions, including the impact on employees and brand advocates, is often overlooked and can have significant consequences.
The buyback of Beauty Counter presents a challenging opportunity for the founder to rebuild the business and address the issues that led to its financial troubles.
To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
Connect with Melissa:
Consultation Call: https://www.melissafranks.com/fractionalcooservices
3 Operational Leaks Every Business Has Masterclass. https://oncallcoo.melissafranks.com/3operationalleaks
Learn more about On Call COO fractional services → https://www.melissafranks.com
Watch the Episodes on Youtube
Instagram: instagram.com/melissa_franks
LinkedIn: Melissa Franks
In this episode, Melissa discusses the difference between show and tell and the importance of demonstration and explanation in business. She highlights how show and tell in kindergarten is the first opportunity to practice presentation skills and emphasizes the need to cultivate and capitalize on this skill throughout life.
Melissa explains that telling provides information and facts, while demonstrating and explaining give practical exhibitions and convey understanding.
She explores the significance of demonstration and explanation for employees, people leaders, and business owners, and emphasizes the need for dramatic demonstrations to capture attention and communicate the value of the business. Melissa also discusses the importance of demonstrating well and avoiding poor demonstrations.
Takeaways
Show and tell in kindergarten is the first opportunity to practice presentation skills.
Demonstration and explanation are essential in business to communicate value and drive decisions.
Employees should leverage demonstration and explanation to provide evidence of competence and propel their careers.
People leaders should demonstrate behaviors and inspire others to act and operate in a specific way.
Business owners have the responsibility to set the vision, cast a vision of the future, and demonstrate the value of the company.
Dramatic demonstrations are necessary to capture attention and communicate the value of the business.
Demonstrating well involves showing by doing, providing feedback, and being repetitive.
Poor demonstrations involve taking over, critiquing, and retaliating.
The art of performance and communication skills are crucial for success in business.
To Subscribe to YouTube: https://www.youtube.com/@oncallcoo/podcasts
Connect with Melissa:
Consultation Call: https://www.melissafranks.com/fractionalcooservices
3 Operational Leaks Every Business Has Masterclass. https://oncallcoo.melissafranks.com/3operationalleaks
Learn more about On Call COO fractional services → https://www.melissafranks.com
Watch the Episodes on Youtube
Instagram: instagram.com/melissa_franks
LinkedIn: Melissa Franks
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