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Second in Command: The Chief Behind the Chief

Ep. 403 - Commonwealth Financial Network COO, Trap Kloman

Second in Command: The Chief Behind the Chief

Second in Command with Cameron Herold

Entrepreneurship, Business, Management, Careers

4.5 • 1.6K Ratings

🗓️ 20 August 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In today's episode of the Second in Command podcast, Cameron is joined by Trap Kloman, the President and Chief Operating Officer of Commonwealth Financial Network.

During the conversation, Cameron and Trap discuss the art of leadership and the nuanced strategies that set successful companies apart. You'll learn how creating open channels for feedback, even in unexpected ways, can foster a culture of transparency and innovation.

Discover the challenges and rewards of transitioning leadership within a well-established company. Through personal anecdotes, Trap shares how integrating external executives and even family members into a legacy business can be approached with care and intentionality.

This episode serves as a compelling exploration of what it takes to lead effectively in a dynamic business environment, offering practical insights and inspiration for their own leadership journeys.

If you've enjoyed this episode of the Second in Command podcast, be sure to leave a review and subscribe today!

Enjoy!

 

In This Episode You'll Learn:

  • Why paying close attention to both employee and client needs can lead to sustainable growth and enhance overall organizational performance. (05:28)
  • The complexities of integrating external executives and family members into a legacy business, and how thoughtful planning can ensure success. (20:45)
  • The significance of mentorship in leadership development, and how collaboration with experienced colleagues can accelerate personal and professional growth. (28:17)
  • The strategic decision to spin off a successful IT platform into an independent company, and how this move set the stage for future growth. (41:17)
  • Practical advice on building confidence, understanding your strengths and weaknesses, and surrounding yourself with a complementary team for long-term success. (45:53)
  • And much more...

 

Resources:

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Transcript

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0:00.0

I'm Cameron Herald, the founder of the Second Command Podcast.

0:03.0

Really quick, before we jump into today's episode,

0:05.0

you need to know about two important ways that we can help you and your company grow.

0:09.0

Number one, check out the COO Alliance.

0:12.0

It's for C.O.

0:13.4

Presidents, BP Ops, or whoever is your company's second in command to the

0:17.2

CEO. The C.O. Alliance is the world's leading community for the

0:21.1

second in command command and it gives

0:22.8

COOs the tools and connections to grow themselves and the company.

0:27.2

Head over to C.O.Aliance.com to learn more about our members and the

0:30.8

results, the program, and our 10X guarantee.

0:34.3

If you qualify for membership, you can set up a complimentary call with our team to discuss if it's

0:38.4

right for you.

0:39.4

I'll tell you about number two in a bit, but first, let's start this week's episode. It's not that you

0:45.3

have to have every qualification and every experience and it all figured out it's you have to

0:49.8

have the trust and confidence that you know how to run a process, diagnose a problem, and then both bring your own experience to it, which has great value, have confidence in that, but as important, recognize where you don't,

1:02.7

and then surround yourself with complimentary people

1:05.5

who share your principles,

1:06.9

but have different backgrounds,

1:08.1

certain experience, different expertise,

1:10.3

and trust them. produced by its founder, Cameron Herald.

1:25.0

In the second in command podcast, we talked to top COOs who share the insights,

...

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