Leadership Lessons Learned the Hard Way with Patrick Booth

The EntreLeadership Podcast

Lampo Licensing, LLC.

Entrepreneurship, Business, Management

4.7 • 4.1K Ratings

🗓️ 22 March 2021

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

When his father quit his job to start his own venture, it was an all-hands on deck affair for Patrick Booth and his family. From shipping packages out of their Jeep Grand Cherokee to working the phones, Patrick got a hands-on business education helping his dad get the CCB Technology off the ground. Twenty years later, Patrick is now thriving as the President and CEO, but when he first stepped in to take over, he had his doubts—about himself and his leadership. Listen as he unpacks the common challenges second generation leaders face when taking over a family business, what he learned from his “failures”, and why discovering your own leadership style is crucial to success. entreleadership.com/podcast CCB Technology’s website EntreLeadership Elite Advisory Groups EntreLeadership Summit DISC assessment The Motive by Patrick Lencioni Start With Why by Simon Sinek The 6 Major Mistakes That Will Destroy Your Family Business EntreLeadership Partners Schedule a call with Tim, the Producer Want expert help with your business question? Call 844-944-1070 and leave a message or send an email to [email protected]. You could be featured on a future podcast episode!

Transcript

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0:00.0	Hey, you know the phrase if you get hit by a bus, what would happen?
0:07.5	Kind of morbid right.
0:08.7	But the point is, you've got to have people and plans in place to keep the business going
0:14.0	if you're not there.
0:15.0	It's kind of a weird thing to think about, but it's vital to the future of your company.
0:19.6	You've got to have a succession plan for your business.
0:23.7	From the Ramsey Network, this is the Entry Leadership Podcast, where we help business leaders
0:27.6	grow themselves, their teams, and their profits.
0:30.3	I'm your host, Daniel Tarty, and my guest today is Patrick Booth.
0:34.0	Patrick is the president and CEO of CCB Technology.
0:37.7	They're a 40 team member IT company that his dad started 30 years ago.
0:43.1	Patrick and his dad know firsthand about succession planning.
0:47.1	They've done it, and they've done it successfully.
0:49.7	Patrick has transformed the company from a one-man business by building an executive leadership
0:54.6	team and then creating multiple revenue streams.
0:57.4	Today, they're absolutely thriving.
1:00.6	But Patrick's first memory of this business was filled with a lot of fear and uncertainty.
1:05.8	When his seventh grade boy, his dad came home and announced he had quit his job.
1:11.6	Yeah, always marketing and sales went through various companies, major companies, Carnation,
1:19.2	STP, Western Publishing, and then ended up in Activision and then ended up in Technology
1:26.2	and a smaller company, which ultimately by him making that jump even from corporate America
1:31.1	to a smaller company, inspired him to start his own company.
	...

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