In this episode of The Lazy CEO Podcast, host Jim Schleckser discusses the importance of deal terms in business transactions. He introduces the concept of "your price, my terms," emphasizing that the terms of a deal can outweigh the price in determining its quality. Jim compares two theoretical deals to illustrate this point: a $20 million deal paid over 10 years with potential deductions versus a $16 million cash deal with no backside risk. He highlights the significance of closure risk, timing...
Jun 25, 2023•37 min
In this episode of the Lazy CEO Podcast, host Jim Schleckser interviews Trent Gardner, a member of the CEO Project and part of a family-owned business called GJ Gardner Homes. They discuss the dynamics of family-owned businesses, including succession and emotional issues that are unique to such enterprises. Trent provides insights into the evolution of GJ Gardner Homes, which started as a small operation in 1983 and grew into a franchise business with over 150 franchises operating internationall...
Jun 18, 2023•36 min
In this episode of the Lazy CEO Podcast, host Jim Schleckser discusses the importance of measurement and different measurement methodologies. He introduces KPIs (Key Performance Indicators) as backward-looking measurements that inform how the business has performed in the past. Financial metrics are highlighted as an example of backward-looking measurements that provide a scorecard view of the business's financial performance. Jim explains the concept of the balanced scorecard, which incorporate...
Jun 11, 2023•32 min
In this episode of the Lazy CEO Podcast, host Jim Schleckser, founder of the CEO Project, discusses talent management within organizations. He starts by highlighting the importance of focusing not only on individual talent but also on how the executive team should engage with talent at a broader level. Jim explains the concept of A's, B's, and C's to assess individual performance. A's consistently overperforms, provides innovative ideas, and drives the organization forward. B performs as require...
Jun 04, 2023•32 min
In this episode of The Lazy CEO Podcast, host Jim Schleckser discusses the concept of executive gravitas. He explains executive gravitas is about exuding confidence, trust, and credibility professionally. It goes beyond just the content of what you say and encompasses how you present yourself. Jim highlights the importance of having confidence in oneself and belonging in the role or position. He suggests that poor reference groups often undermine confidence, and one should focus on their accompl...
May 28, 2023•33 min
In this episode of The Lazy CEO podcast, host Jim Schleckser discusses organizational design for mid to large-sized companies. He emphasizes that there is no perfect structure and that the key question is what inefficiencies or problems one is willing to tolerate in a particular structure. Reorganizing too frequently can be detrimental to organizational performance, as it disrupts stability and takes time for teams to readjust and perform. Jim suggests using reorganization as an occasional tool ...
May 21, 2023•31 min
These high inflationary complicated environments are a bit unprecedented. There are many people that, in their entire working career, have never seen interest rates over low single digits and never seen more than a couple of points of inflation. And so, 3% raises look pretty good, but that's all changed. It's common for the people we work with to see 5-7% average raises. Some are even a bit higher because they're behind the market because we've got a few people pressing the point in a constraine...
May 13, 2023•35 min
A discussion about the history of wine in Napa, between Jim Schleckser, CEO of The CEO Project and host of The Lazy CEO Podcast, and Mark Gudgel, author and wine expert. Jim: For those of you that know me, and maybe some of you do, some of you don't, but I have an alter ego, and my alter ego is my involvement in wine. Several years ago, I decided to get kind of into wine beyond the drinking part, but the studying part, and, if anybody has ever done this, it's got phenomenal history and agricultu...
May 06, 2023•37 min
Today we're going to talk about stock. As you know that there is common stock and preferred stock, but we are going to dig deep into preferred stock because it is a less understood instrument. It's particularly important for entrepreneurs because this is an investment vehicle used by private equity firms. So if you are ever considering either a partial sale, maybe bring in some cash or cash for growth, or maybe even a total sale. You need to understand the ins and outs of private equity because ...
Apr 30, 2023•32 min
We've got another phenomenal guest today, Ian Altman. As a business growth expert and bestselling author, Ian is recognized as one of the top 30 global gurus on sales. And his same side selling academy is ranked in the top five globally for sales development programs. Everybody's running a business, and when I talk about the secrets of a great business, a great margin is one of them. Ian has identified some areas that are what he calls margin vampires. Ian shared with us what he sees as the bigg...
Apr 23, 2023•37 min
Jim Schlecker, CEO of The CEO Project and host of The Lazy CEO Podcast has a conversation with Dr. David Burkus. David: I help leaders and teams do their best work ever. I think two things fundamentally. One is that work is central to our lives. Even if we had universal basic income and everybody was being paid, most people would still want to do something and make some contribution to the world. So work is central to our lives. And that work is teamwork. Your experience of work, whether or not ...
Apr 16, 2023•34 min
Today we have an amazing human being and an incredible leader. We have Kim (KC) she'll tell you what that means. Later Kim, who's a retired Air Force colonel, served in the Air Force for more than 24 years as a fighter pilot and a senior military leader, she's flown more than a hundred combat missions protecting troops on the ground both in both Iraq and Afghanistan. As a senior military leader, Kim has led hundreds of airmen at home and abroad in deployed locations around the world. Most recent...
Apr 09, 2023•34 min
Organizational capacity is the capability of the people in your business to get stuff done. In this episode of The Lazy CEO Podcast, Jim, Schleckser, host and CEO of The CEO Project, talk about Organizational Capacity. Basically, if you have a pile of work, size of X, you have X capability to get that work done. The raw capacity to execute and the capability to execute are really two things. We will get into each of these in a little bit. One is just how many people you have in the company. More...
Apr 02, 2023•28 min
In this episode of The Lazy CEO Podcast, Jim Schleckser, host and CEO of The CEO Project, interviews Karin Hurt, CEO of Let's Grow Leaders about innovation and conflict in the workplace. Jim Schleckser: Welcome Karin, share with us a little bit about your work with Verizon as well as what you do now with Let's Grow Leaders. Karin Hurt: I learned so many things from Verizon and, in Courageous Cultures, we talk about having the need for clarity, real clarity in your culture, clarity about where yo...
Mar 26, 2023•34 min
Jim Schleckser, CEO of The CEO Project and host of The Lazy CEO Podcast, sits down with a fun guest, a hall-of-fame speaker who has had multiple bestselling books, Jay Bearer. Jim Schleckser: What are the five things that we need to be smart about in engaging with marketing to ask the right questions as CEOs? Jay Baer: I think partially because it's obviously the fastest growing and all around us now, and so transformative, we tend to think that digital is good just because it's digital. As a CE...
Mar 12, 2023•36 min
Welcome to Andrew Davis, a super creative guy, he came out of media, spent time with the Muppets had a digital marketing agency that he sold. And now what he does is he is primarily a speaker, so he gets in front of audiences, inspires them and educates them, and entertains them. He's spoken to our CEO group before and a couple of our clients as well. Andrew Davis: My focus today is helping people challenge the conventional business and marketing wisdom by really rethinking some of the things th...
Feb 26, 2023•33 min
This episode of The Lazy CEO Podcast is about creating advocacy. We have Heather Hansen, who is the CEO of Advocate to Win, and she is going to talk to us about advocating our positions and persuading people. Heather shares her background as a lawyer and how that has led to her expertise in persuasion and expertise. Heather defended doctors in medical malpractice cases. One of the things that made that job the hardest is that every single person in that courtroom was a patient. Everyone saw the ...
Feb 19, 2023•32 min
This episode of The Lazy CEO Podcast is about determining when it is time, as a Founder, to bring in an outside CEO to run the company. We have a gentleman named Nick Wilkinson. Nick was a CEO that was brought into a company called Binary Tree that one of our members Steven Pivnik had founded, and he was trying to position for sale and upgrade the talent. Nick was the guy he identified and ended up bringing into the company. Nick's Background Originally from the UK. After graduation from univers...
Feb 12, 2023•39 min
This episode of The Lazy CEO Podcast is about both performance reviews and employee feedback. There is tension around performance reviews, did I achieve my goals? They have a lot of stress around them. People don't like to do them for that reason, both sides. We will talk about both performance reviews and feedback as the yin and yang of engagement with employees. If you think about feedback as a more continuous process and a performance review is a more periodic kind of engagement, annual or bi...
Feb 05, 2023•32 min
The Lazy CEO Podcast guest on this episode is Stephen Drum. Stephen is a 27-year, Navy Seal retired combat vet and he now speaks on leadership, some of the lessons that they learned and developed through his many years of leading people through dangerous, high-stress, mission-critical, environments, which we can all learn a lot from as we run our business. Here is a little bit of the conversation between Jim Schleckser, CEO of The CEO Project, and Stephen Drum. Jim: What is warrior toughness? Ho...
Jan 29, 2023•34 min
In this Episode Today we're going to talk about some specific ways that you can become more purposeful in your organization. Let's just start with the audiences that care about this. Everybody does at some level, but there are three specific audiences that are highly attuned to purpose. Gen Zs - they have no fear about going to get another job because they've grown up in an environment where jobs were always available. And those of us that have been through a couple of cycles have experienced ti...
Jan 22, 2023•25 min
A conversation between Jim Schleckser and Dave Warren Jim: Today we going to talk about several important business topics for CEOs with a long-term member of The CEO project and a friend of mine, Dave Warren. Dave is a serial entrepreneur. He started and owned, a couple of different businesses, but he's kind of a student of business. Dave really appreciates business as much as I do. Tell us a little bit about that business and why you started that business versus any other business you might get...
Jan 15, 2023•39 min
At The CEO Project we work with CEOs of a variety of sizes on their most difficult issues, but today we are focused on one that everyone is concerned about - building a predictable growth engine into your business. The first thing to think about is a grid that was developed by Bain Consulting. Customers are on one axis and products on the other new, new, and old for each one. Existing product, existing customer, which is the cheapest and most reliable way of delivering revenue into your business...
Jan 08, 2023•34 min
In this Episode… Jim Schlecker and Sam Watson, discuss the complexity of the multinational business and managing multiple presidents. Sam shares his story. Sam's headquarters is here in the US but is spread around about 40 different countries. They have meaningful, 50 plus headcount in probably 10 or so countries around the world. Their geographic spread both in terms of customers as well as manufacturing and employees and quite vast. In terms of the nature of the products that they are selling ...
Jan 01, 2023•39 min
We all know the math that the cost to retain a client is 20% of the cost to acquire a client. From a sales and marketing point of view, if you can retain the clients that you bring on board, you're way ahead of the game because you don't want to have to go out and spend literally five times as much money to go acquire new ones. It is one thing to get them, but you need to keep them. Keeping them is what's interesting for a good recurring revenue business. This Podcast will talk through the eleme...
Dec 26, 2022•29 min
Today we are speaking with a renowned thinker about engagement and management and strategy and how you bring your whole team along on the journey in an engaging way. What is Reassessment? People are reassessing where they want to be, what they want to do, who they want to do it for, and who they want to do it with. People want to work, but they don't want to work where they feel they have to put up with things that inhibit or constrain what they have to offer. – 66% of people do not feel valued ...
Dec 18, 2022•40 min
Box out, and make room for the strategic moves needed to stay profitable in an inflationary environment. Today we're going to talk about dealing with unpredictable markets and specifically inflationary markets. Specifically, we are going to talk about two options, do nothing, or do something, and then what can you do. If you do nothing about this environment, you are assuming it's transitory, it's going to pass, no big deal. But both material costs as well as labor costs going up. And if you're ...
Dec 11, 2022•58 min
Jim Schleckser, The CEO Project, and Kim Conklin, KC Consulting, debate the merits of compensation and incentive plans. Listen to this Podcast for entertaining bantering between Jim and Kim as they navigate this extremely important and relevant topic – fair compensation. What does Fair Compensation mean? It means when employees look internally, other people that do more or less the job I do are paid more or less what I'm paid. And when I look outside, people that do more or less what I do make m...
Dec 04, 2022•54 min
Today Jim Schleckser talks on a topic that we see a lot when we're dealing with CEOs – accountability. What is accountability? The word is literally the definition of what accountability is, which is an obligation or willingness to accept responsibility or account for one's actions. In other words, transparently accept and explain what I've been doing and the outcome I got. When somebody says, I see a problem, I own a problem, I'm going to solve a problem, that's accountability, particularly whe...
Nov 27, 2022•32 min
We have talked before about the criticality of management, as we talk about business model processes and leadership or talent, everybody's happy to spend on their executive team and get these A players. Everybody's happy to go hire people that are sort of billable, and customer-facing, but once you cross about a hundred people, the distance between those two spreads enough that you must have people in the middle. And as entrepreneurs, it is not an appealing place for us to spend time, effort, an...
Nov 20, 2022•58 min
