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How Leaders Lead with David Novak

#213: Erika Ayers Badan, CEO of Food52 and former CEO of Barstool Sports – Acknowledge the tough stuff

How Leaders Lead with David Novak

David Novak Leadership

Entrepreneurship, Business, Management

4.8596 Ratings

🗓️ 14 November 2024

⏱️ 56 minutes

🧾️ Download transcript

Summary

When Erika Ayers Badan became the CEO of Barstool Sports, they didn’t even have a P&L. Eight years later, they’re a media empire and a household name worth over $550 million. Listen to this conversation to get an inside look at how Erika led that effort, and what she’s up to now as the CEO of Food52.  You’ll also see how Erika leads with honesty and directness. She doesn’t shy away from the tough stuff, and that’s important if you want to build trust, solve problems, and get people working together toward a big vision.  You’ll also learn: The strategy every upstart brand can use to beat the big guy How to get the most out of your creative team members What it takes to build an engaged online following Advice for women who work in male-dominated industries Take your learning further. Get proven leadership advice from these (free!) resources: The How Leaders Lead App: A vast library of 90-second leadership lessons to stay sharp on the go  Daily Insight Emails: One small (but powerful!) leadership principle to focus on each day Whichever you choose, you can be sure you’ll get the trusted leadership advice you need to advance your career, develop your team, and grow your business.

Transcript

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0:00.0

I really felt that when I took the barstool job, it was very motivating that most people thought I would fail,

0:05.6

and that most people thought that most people underestimated what I could do at that company and underestimated the company itself.

0:13.6

And I found that to be incredibly motivating because I knew I had no, once I did it, there was no turning back.

0:21.1

My only choice was to make this successful and make myself successful at it.

0:34.4

Believe me, no business is perfect, and every organization has issues, but how you talk about those issues with your team plays a huge role in actually solving them.

0:46.1

Welcome to How Leaders Lead. I'm David Novak, and every week I have conversations with the very best leaders in the world to help you become the best leader that you

0:55.6

can be. My guest today is Erica Ayers-Badon, the CEO of Food 52, and the former CEO of Barstool Sports.

1:05.1

When Erica took the job at Barstool, they didn't even have a P&L. Eight years later,

1:10.0

there are a media empire and a household name worth over $550 million.

1:15.5

And now she's got a new challenge leading Food 52.

1:18.9

In this conversation, I want you to pay attention to how Erica leads with honesty and directness.

1:25.3

She doesn't shy away from the tough stuff, and that's important if you

1:29.1

want to build trust, solve problems, and get people working together towards a big vision.

1:35.5

You'll also hear some keen insights into the world of digital media that you just can't afford

1:40.9

to miss. So let's dive in. Here's my conversation with my good friend and soon

1:46.3

to be yours, Erica Ayersbadan. I want to take you back to the beginning. What's a what's a story

1:57.5

from your childhood that shaped the way you show up and lead today?

2:01.9

Oh, I have a lot of them.

2:03.5

So I grew up, I was born in Colorado, and I, my, when I was about five, my family moved

2:09.4

back east.

2:10.2

So my parents were from Vermont and my mom was from Connecticut.

2:14.9

And we moved to New Hampshire.

...

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