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BigDeal

How to Be a CEO People Love

BigDeal

Codie Sanchez

Business, Investing, Entrepreneurship, Marketing

4.8681 Ratings

🗓️ 10 September 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

In this episode, Codie talks about building a strong business culture at Contrarian Thinking. She contrasts her time in finance with her media business, highlights the value of humor and friendships at work, and shares leadership tips. By encouraging open dialogue, leaders can create an environment where team members feel comfortable expressing their thoughts and concerns. She emphasizes fairness when employees leave and the importance of honest conversations. Record your first video https://creators.riverside.fm/Codie and use code CODIE for 15% off an individual plan. 00:00 START 02:45 The Evolution of Leadership Styles 05:22 The Importance of Humor in Leadership 07:37 Building a High-Performing Team 12:28 Effective Communication and Boundaries 19:58 Tough Love and Hard Conversations Contrarian Thinking Scaling Course - https://info.contrarianthinking.co/scaling-workshop 🔗 MORE FROM BIGDEAL: 🎥 Youtube: / @podcastbigdeal 📸 Instagram: / @bigdeal.podcast 📽️ TikTok: / @big.deal.pod Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey and welcome back to those who put in the work. I'm Cody Sanchez and this is the Big Deal

0:08.9

podcast and this is a moneymaker. A little bite-sized episode for people who want to make some more

0:13.5

money by building things. You guys are rare. All right, let's get into it this week. So this week

0:17.6

is perfect for how to be a CEO people love, often an oxymoron. And also,

0:23.1

what does it even mean to have your people love for you? Because it is tough love in some ways.

0:27.1

When I think about my business here, I contrarian thinking, and we've been building this bad boy

0:30.7

to have a nine-figure holding company, multiple businesses that do eight figures each, a team that's

0:36.7

locally based. I'd wanted to build

0:38.0

this business different than just about anything else. So when I was in finance and I built

0:42.0

multiple businesses at First Trust and State Street and entourage effect capital and all these

0:47.1

different businesses, in finance, the thing is you have a very small group of people. So, for

0:52.3

instance, Warren Buffett manages a business that does

0:55.0

hundreds of billions of dollars a year with 37 people. And in private equity, that's pretty

0:59.1

similar. So you have these small teams that are super high performing. You really don't have a lot

1:04.5

of entry level or low level talent. People come to you fully baked. You also typically in finance

1:10.0

have very strict incentive structures.

1:12.6

So like if we do this deal and we make money, people make money. And so it's a very direct one-to-one correlation.

1:19.6

This is important because most businesses aren't run this cleanly. And so as I've built a media business, I've realized, oh wow, the way that I build this business has to be totally different.

1:29.7

So obviously I love creating content.

1:31.6

We post like 50 pieces of it across all my platforms.

1:34.5

And if you've ever created content, you know the uphill battle.

1:37.4

It can be to ideate, write, produce, film, video, and then you have to edit it all.

...

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