Wealth Without Borders Podcast

Are you spending your time FIGHTING FIRES (working IN your business) at the expense of keeping up with competitive trends and setting strategic priorities (working ON your business)?

In this episode, Scott shares how he helps businesses sharpen their focus on the priorities, processes, and structure in order to scale, digging deep into the challenges that every entrepreneurial CEOs face in scaling, and gives his insights about the key role of accountability to business leadership.

What you will learn from this episode:

• Learn about why giving in to ‘shiny object syndrome’ and shifting priorities never leads up to scaling your business
• Find out why nailing accountability is essential to growing your business
• Discover why it is important to scale your leadership skills as you scale your company

“It's important here that it's not just that they want to scale their business because wanting is not enough, but they also realize that success is going to require changes.”  

- Scott Pollack

Valuable Free Resource from Scott:

Interested to learn more about what Scott Pollack has to offer? Contact Scott Pollack at  https://www.roguescott.com/ to schedule a free consultation.  

Topics Covered:

01:29 - Scott’s  ideal client - an entrepreneurial CEO who is committed to changes even if he or she doesn't know just yet how to achieve them. Someone who realizes that not changing comes with a significant cost.

02:39 - How focusing and identifying the right questions helps bring to light the areas that need to be solved in scaling up a business

03:25 - A symptom to watch out for when scaling up a business: If every decision, every accountability leads back to the CEO, that doesn't scale up the business. 

04:41 - How the 'shiny object syndrome' distracts your focus and disrupts the organization’s alignment 

06:04 - One valuable free action that one can implement right away: Think about and write down a personal plan. This is not just about the business. This is about what the CEO wants, from relationships to achievements, from rituals to wealth from the long-term back to the short-term.

07:01 - For a free One Page Personal Plan template (OPPP) go to https://www.roguescott.com/ and contact Scott

07:44 - Book resource: The Five Dysfunctions of a Team: A Leadership Fable by Patrick Lencioni 

08:11 – Q: Wouldn't getting a coach be admitting that you don't know how to do your job?

Key Takeaways:

“Shifting priorities and asking teams to shift priorities lead to distracted focus, alignment keeps breaking down, and there's drama everywhere. And that just doesn't scale.” - Scott Pollack

“[In SCALING] There's no one magic bullet. and the bottleneck is almost always at the top of the bottle. I always start with the CEO. How can the CEO be more focused?” - Scott Pollack

People / Resources Mentioned:

• Marshall Goldsmith - https://www.marshallgoldsmith.com
• Eric Schmidt - https://en.wikipedia.org/wiki/Eric_Schmidt
• Bill Campbell - https://en.wikipedia.org/wiki/William_Campbell_(business_executive)
• What Got You Here Won't Get You There: How Successful People Become Even More Successful by Marshall Goldsmith
•  Scaling Up: How a Few Companies Make It...and Why the Rest Don't by Verne Harnish 
• The Five Dysfunctions of a Team: A Leadership Fable by Patrick Lencioni

Ways to Connect with Scott Pollack:

• Website: https://www.roguescott.com/
• Linkedin: https://cn.linkedin.com/in/scottpollack

Ways to Connect with Howard Whiteson

• Website: http://www.wealthwithoutborders.net
• LinkedIn:  https://www.linkedin.com/in/howardwhiteson