Creating Other Leaders - Jeff Hoffman - The Impactful Leadership Show - Episode # 053

The Impactful Leadership Show

Today’s guest is an award-winning global entrepreneur, worldwide motivational speaker, bestselling author, Hollywood film producer, producer of a Grammy Award-winning jazz album, and Executive Producer of an Emmy Award-winning television show. He is also the Executive Producer and Star of the groundbreaking new TV series GOING PUBLIC. Jeff Hoffman is the Chairman of the Global Entrepreneurship Network and the Managing Partner of Jeff Hoffman Advisory Services. Jeff shares why leaders need to focus on building other leaders, when entrepreneurs need to think about hiring, and what you need to do when everything’s going fine for your business.

Takeaways:

• Being a leader is not about creating lots of followers and telling them what to do. Being a leader is really about creating other leaders. The best way to lead is to train, prepare, and develop leaders that can rise above you.
• Many business owners and CEOs have been trained in the task their company does and not in disciplines such as HR. For example, a former engineer running a software company. In these cases, you should hire those that are better than yourself in that area.
• Grow your network every day. Whenever you get the chance to talk with someone new and hear their story, assess their strengths and weaknesses. This way you’ll always have people in mind when you need to fill a position.
• Wearing seven hats in order to run your company “well” is going to lead to average performance. However, if you want to grow your company and scale up, you need to be looking to grow your team before you can actually afford to.
• Build your team in your head so that as soon as you can afford to pay someone to fill a role, you already know who you want to have in that seat.
• If you can’t afford a full-time person to fill a role, it’s better to hire a fractional person for that role than it is to have no one in that role.
• The three most dangerous words in business are, “we’re doing fine.” If you look around and you’re comfortable, you need to start thinking about what’s going to come, what are you not seeing, etc.

Quote of the Show:

• “Real leaders don't create followers, they create other leaders.” - Jeff Hoffman

Links:

• LinkedIn: https://www.linkedin.com/in/jeffhoff/
• Twitter: https://twitter.com/SpeakerJeff
• Instagram: https://www.instagram.com/speakerjeffhoffman/
• Company website: https://www.jeffhoffman.com/
• Global Entrepreneurship Network: https://www.genglobal.org/

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• YouTube: https://youtu.be/ySJJYhzcLuU

The Impactful Leadership Show is sponsored by the DC Chapter of the Entrepreneurs’ Organization. Learn more at https://www.eodcnetwork.org/home

The Impactful Leadership Show is produced by Ringmaster, on a mission to create connections through B2B podcasts. Learn more at https://ringmaster.com/