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Prosperity comes from purpose. Knowing why youâre doing what youâre doing will give you the strength to endure.
Trevor Mauch, CEO of Carrot
I invited my mentor and close friend Seth Buechley out to my house this past weekend to talk about what weâre learning on our journeys as entrepreneurs, some of the growing pains with scaling Carrot (#599 on the Inc 500/5000 & Oregonâs fastest growing software company) and what weâre doing in order to lead our teams well and continue building valuable businesses.
Seth has sold multiple companies worth hundreds of millions of dollars, is the CEO of Cathedral Consulting, and the host of the Business Done Right podcast.
Listen to the CarrotCast Podcast
The Conversation Between Seth Buechley and Trevor Mauch
3:36 – Once you have a vision for your future, your dreams will begin to materialize quicker. Think long term for your family and your business – create a life list! Where do you want to wake up in 5, 10, 25, 50 years? The life I was living as a serial-entrepreneur and freelancer actually wasnât the life I wanted.
7:27 – If youâre like most entrepreneurs, you tend to âcycleâ every 3-5 years or so and get bored or distracted by the next big thing. We need to practice patience and persistence and focus on what resources that we have right in front of us in order to be successful. Become an expert in one thing before branching out and focus on niching down in your industry.
15:59 – Make yourself âless relevantâ. Being a great leader sometimes means taking a step back and empowering your team to step in. Learn how Trevor has created systems and processes that have allowed him to gain more freedom and flexibility, while still being the voice of the brand.
23:31 – Leaders must make tough decisions. When we avoid them, we put the successes of our business, our team, and ourselves at risk. Hear why turnover is a sign of a healthy culture… to a certain point.
28:17 – Whatâs the difference between transactional leadership and transformational leadership? Transactional leadership worked for Trevor until Carrot hit around the $1 million revenue mark. Itâs reacting and delegating. Itâs creating basic processes for how to complete tasks. Transformational leadership is empowering and unleashing your team, ultimately freeing you up from small tasks. Itâs done by asking âWhatâs the outcome we’re looking for? and Whatâs the way we measure success? And âWhatâs blocking you?â Write down where they’re blocked and invest in the time to train them on decision making – design a process that guides them through the right questions to ask.
46:20 – I used to say I wasnât a morning person. A habit tracker is the key tool that helped me change that…. and Iâve never even been good at habits!
52:34 – Accountability is misconstrued. You can create it for yourself through social pressure, measurements, and honesty. Habits that get you thinking about things differently.
ADDITIONAL CARROTCAST EPISODES
- The Secret To True Happiness For Ambitious Entrepreneurs w/ Seth Buechley:Â CarrotCast
- My Struggles And 8 Success Lessons Learned⌠From Paying Taxes With My Credit Card To Multi-Million Dollar Businesses: CarrotCast
- Whatâs Your Credibility Score? The Top 5% Of Earners Are Doing These âSimpleâ Things To Build More Credibility In A Cluttered Market w/ Trevor Mauch: CarrotCast
FREE RESOURCES FOR YOU!
- Listen to Sethâs podcast: Business Done Right on iTunes or BDRpodcast.com
- Read Seth’s Book Ambition: Leading with Gratitude
- Check out our blog!
- Check out our podcast!