The development of people, culture, brand, products, and structure necessary for growing and scaling a business - sponsored by Knotel…
This MouthMedia Network Live event was recorded in front of a live audience at Experience Knotel, a interactive space located in the heart of Noho in New York City (666 Broadway) designed to showcase the experience of working in a flexible, adaptable, always energized environment. Sponsored by Knotel - Your agile business deserves an agile space. Knotel will find, customize, and operate your ideal office while you focus on your business. Discover more at
www.knotel.com
Panel:
Steven Balasiano – CEO of MHR Advisory, Counsel at Sills Cummis
Terri DiPaolo - Head of Licensing, Sponsorships, & Endorsements at TKO
Jodd Readick – CEO of LymeLog, Founder of Roam Coin, Co-Founder of User Centric Communications
Moderated by:
Avani Patel, Co-Founder of Ember, Founder of TrendSeeder
All of the panelists have scaled businesses, but it was not easy
Building infrastructure, scaling people
In hindsight – what the panelists wish they knew when getting started:
One thing missed – human capital cost, expanding rapidly, then pulling back when it didn’t work out
Utilizing freelancers as hires when scaling rapidly
Sometimes always looking for best talent out there, and, if found, will find them the right seat
Trust your gut
Finding the right people, with an eye on the future:
Always recruiting, keeping an eye out for talent, keeping controls in place
When someone is not the right fit, handling without harming the company morale
Damage control, avoiding piecemeal job firing
Scaling the brand, keeping consumers happy, keeping brand identity
Building with an eye on what you want to be in the coming years
Making sure there is consistent growth, not opening in a new market unless confident of strength in that market, undertaking systematic expansion
Continuing to maintain the culture internally as you scale large
Considerations in integrating different businesses or department that merge
Mentors
Being around and consulting the people that are around you, mentoring each other
And it is a clerk’s world
Q and A
Brandon McKenzie, Metrobutler
In an evolving real estate ecosystem:
Tremendous opportunities that didn’t exist before
Marie Chestnut, CareerList
Finding opportunities for a startup that has differentiation in a market with challenges:
The value of a cold call, get approach new marketplace, geography or industry with a lot of competition but you have differentiation but requires investment, need one big fish by any means necessary
The value of grassroots efforts, the ability to make something really relevant is so available today
Figure out a niche within an industry or brand
Xian Horn, Positively Positive
Importance in leadership of emotional maturity:
Dealing with time management, expanding and becoming more than a brand, especially as one person
Why you need to have a notebook, and the importance of a personal assistant
Prioritizing, quick wins
The importance of being focused
The Pomodoro time management technique
Panelist bios:
Steven Balasiano
After a successful bankruptcy practice at the premier New York law firms of Kelley Drye & Warren and Stroock, Steven Balasiano joined The Children’s Place and was part of the executive team (Chief Administrative Officer) that scaled the company from 70 stores and $70 million in sales to 1...
See omnystudio.com/listener for privacy information.