Introduction
On this episode of Business Insanity Talk Radio, we first talk about the changing role of the founder as a company grows. We’ll discuss when it might be time for founders to step down from their company and let new leadership take over. Then, we’ll talk about the changes to the workplace environment and the impact of these changes on company results and company culture. Plus, we’ll help you plan for retirement by answering some of the most commonly asked questions about retirement.
Listen
Segment 1: Les Trachtman is currently the CEO of The Trachtman Group – focused on helping companies grow and scale, as well as managing director (and majority investor) of Purview, an early stage company focused on disrupting the medical imaging business. A portion of his career is chronicled in the Harvard Business School case study; Les is More Times Four, which educates entrepreneurs at leading business schools.
1:30 – Warning signs that the business is too centered on the founder.
3:00 – The most difficult hurdle that most founders fail to accomplish and timelines for replacing executive team members.
5:15 – The qualities of a founder that make them capable of leading their company to the next stage.
6:30 – The right time to search for and find a successor.
7:45 – What characteristics must a founder’s successor possess?
9:30 – The “try then buy” method for choosing a successor.
Segment 2: Richard Moran is the current president of Menlo College in Atherton, California, and the author of The Thing About Work: Showing Up and Other Important Matters. Moran has served as a venture capitalist and consultant to Fortune 500 companies, including Apple Computer and News Corporation.
15:15 – The workplace is changing but some things remain important.
17:30 – How do you balance the flexibility that workers expect and results that the business needs?
19:30 – Do people perform differently depending on how they’re dressed?
20:30 – What is the best workplace environment to get the best results?
22:30 – Are headphones at work beneficial or harmful?
23:45 – How all this flexibility impacts the culture of a company.
Segment 3: Ray LeVitre is a Certified Financial Planner and Founder and Managing Partner of Net Worth Advisory Group, and also the author of “20 Retirement Decisions You Need to Make Right Now”.
31:15 – The new era of retirement.
32:30 – Why don’t more people prepare for retirement?
33:30 – How do you know how much money you need to retire?
35:30 – How long does retirement last on average?
Segment 4: Ray LeVitre continued…
40:00 – How do you know how much money you’ll be getting from Social Security?
41:00 – When to begin taking Social Security.
41:45 – Will Medicare and Medicaid cover all your medical expenses when you retire?
43:00 – How much should I invest in stocks, bonds, and cash?
44:30 – When you should cancel your life insurance policy.
45:45 – Should you pay off your mortgage at retirement?
Segment 5: Barry Moltz shares how to get your business unstuck.
49:30 – Do any of these sound familiar?
50:15 – How to take your business to the next level.
51:30 – What’s in the Unstuck course?
52:25 – Special offer code.
To learn more visit, www.barrymoltz.com/unstuck
