Episode 102: Recognize the value in everyone, with Steve Goldstein.
Steve Goldstein is a proven leader who has held executive positions with leading global brands, such as Chairman and CEO of American Express Bank, President of Sears Credit, and Citigroup, as well as several early-stage enterprises. Steve has been an investor, advisor, and interim CEO for more than 10 venture backed e-commerce companies. He currently works in the private equity industry as a Senior Advisor with the consulting and advisory firm Alvarez & Marsal, serves as Chairman of US Auto Sales, serves as a Senior Advisor to Milestone Partners and an Industrial Advisor to EQT Partners (a global private equity firm based in Stockholm).
\nHe has also advised CEOs and private equity owners providing counsel on performance improvement with their companies in addition to acquisitions and merger integration opportunities. His talks are based on his Five Principles of Engagement and are interwoven with stories from global companies to mid-size companies to startups.
\nSecret \u2013 timesaving technique\nSteve make a list of what people owe you and what you owe them \u2013 stay on top of what moves the needle. ONWARD!
\nDaily habit that contributes to success\nGet a good workout in \u2013 Steve starts every morning with exercise and is ready to go.
\nCould have ruined your business \u2013 but now \u2013 an invaluable learning experience\nSteve thought he was going to be fired \u2013 and Steve tells the whole story here.
\nMost critical skill you think business owners need to master to be successful\n\u201cThe most important thing is engagement \u2013 roll up your sleeves \u2013 look ahead and make sure obstacles don't get in your way.\u201d
\nMost influential lesson learned from a mentor\n\u201cEveryone has value in an organization \u2013 regardless of the role they have.\u201d \xa0
\nFinal Round \u2013 \u201cBreaking Down the Recipe for Success\u201d\nWhat systems would you go back and put into place sooner?\nI would have had a maniacal focus on cash \u2013 don't allow your business to become vulnerable.
\nWhat one strategy or \u201crecipe\u201d would compound into big wins for business owners?\nTreat every day like a new adventure \u2013 constantly innovate and be creative.
\nHow to exceed expectations and add the most value?\nAn individual would be independent \u2013 they will figure things out and not wait around for you.
\nWhat strategy would you recommend new business owners focus on to best ensure success?\n- \n
- Make sure you're really, really committed \u2013 it's hard running a business. \n
- Raise more money than you think you need to \u2013 don't lowball what you need to get started. \n
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