Recap
Welcome to The Remarkable CEO Podcast, a show hosted by Dr. Pete Camiolo and Dr. Stephen Franson. In this episode, Dr. Pete and Dr. Stephen discuss the two-step process of building a remarkable practice as part of a remarkable life. Specifically, they focus on the transition of turning a job as owner-operator and CEO into a business or practice that can function flawlessly without the need of a hands-on CEO. They talk about the importance of constantly shifting and scaling priorities within your practice to achieve this goal. Dr. Pete and Dr. Stephen identify the key role of a CEO, which is to become smaller by elevating everyone around them. Finally, they touch on the need for succession plans in order to sustain the legacy of your remarkable practice.
Episode Highlights
00:52 – Dr. Pete and Dr. Stephen recap their weekend
02:43 – Introducing today’s topic, Transitioning from a job to a business
03:51 – Dr. Stephen’s first entrepreneurial experience
07:50 – The mindset of an entrepreneur in the exit stage of a business
10:06 – Dr. Stephen speaks to the epiphany he had
13:45 – Avoiding tunnel vision
15:26 – The identity shift from owner-operator to CEO
17:08 – CPC explained
19:40 – Investing in hiring the right people and edifying them
21:57 – Recognizing the key role of the CEO
23:17 – Shifting and scaling priorities within your practice
26:58 – The importance of having a practice where volume and responsibilities are spread out among multiple employees
28:29 – Succession plans
29:19 – Dr. Stephen reiterates that this program is not designed around exit, but rather it’s designed with exit in mind