Bob Carrothers has 29 years of experience, he facilitates peer-to-peer boards of CEOs and executives, creating environments conducive to skill enhancement, informed decision-making and superior results. Bob is certified as an Emergenetics advisor and Predictive Index practitioner, equipping him with a profound understanding of human behaviour and cognition.
Questions
· So, we always like to ask our guests, in your own words, could you share a little bit about your journey? How you got from where you were to where you are today?
· What would you say maybe if you could pick three overarching tenets or competencies that you believe CEOs need to practice or embrace in order to really achieve the three areas that just mentioned.
· What are some of the key things that make an organization successful?
· Now, Bob, can you also share with our audience, what’s the one online resource, tool, website or application that you absolutely cannot live without in your business?
· Now, can you also share with our listeners maybe one or two books that you have read, it could be a book that you read a very long time ago, or even one that you’ve read recently, but it had a great impact on you, whether it be personally or professionally.
· Bob, can you share with our audience what’s the one thing that’s going on in your life right now that you are really excited about, either something you’re working on to develop yourself or your people.
· Where can listeners find you online?
· Now, before we wrap our episodes up, Bob, we always like to ask our guests, do you have a quote or saying that during times of adversity or challenge, you’ll tend to revert to this quote if for any reason you get derailed or you get off track, the quote kind of helps to get you back on track. Do you have one of those?
Highlights
Bob’s Journey
Me: So, we always like to ask our guests, in your own words, could you share a little bit about your journey? How you got from where you were to where you are today?
Bob shared that it’s been a very interesting journey. He started out as an entrepreneur; he had companies involved in the meat trading business. So, they bought and sold animal parts, lungs, livers, kidneys, everything that was most people would consider waste from an animal, and then they would resell them to people we knew wanted them, mostly to pet food companies, that’s where the tonnage went. And then others to went to Mexico. Others went into sausage making, Chorizo making on the West Coast. They just find a buyer and go do it. And they’d go into a packing house and buy their entire production of lungs or livers or whatever, and then resell it into the pet food canning business. So, it’s been an interesting ride.
In 1996 he got out of that business. He sold it to his management team, and they took it over, and they’re still running it. And then after that, he started another company that failed miserably. He lost a ton of money. He was crushed, and it was hard and then he looked around, and he’d been a Vistage member, and he loved it. And he knew that with all the ups and downs he’s had in his life, he could help people from making mistakes and doing what he did and living that life. So, he reached out to his past business chair, and he hired him, and that was in 1996, so he’s been doing this ever since, September of 1996, so it’s been quite a ride.
Overarching Tenets or Competencies CEO’s Need to Embrace to Unlock Their Potential, Enhance Performance and Achieve Their Goals
Me: Now, you focus on empowering CEOs to unlock their full potential, enhance their performance and achieve their goals. Based on your many years of experience, Bob in this space, working, I’m sure with CEOs and entrepreneurs across different industries, what would you say maybe if you could pick three overarching tenets or competencies that you believe CEOs need to practice or embrace in order to really achieve the three areas that I just mentioned.
Bob shared that he thinks they need to establish a great culture in their company and mind it. Nurture it and protect it, because culture trumps everything, nothing else matters. Your people won’t be happy, you won’t keep people, you will make your customers angry, your suppliers angry, and you’ll do a really bad job because your employees won’t care. And so, that’s the first thing he would say, is build a strong culture.
The second thing is to hire correctly, be slow to hire and fast to make them available to industry. So, that’s really important. If the employee can’t do the job they were hired to do, they need to move on and then hire the right people. Put a lot of effort in your hiring process.
And the other one would be, watch the money. You’ve got to keep track of your cash flow, you got to predict what the cash is going to be down the road. Bigger companies have CFOs to do that, and then they’ll report to the CEO. Smaller ones, often the CEO will do it themselves. But you have to do it, because if you run out of cash, you’re out of business. It’s just really simple, if you can’t make payroll, then you’re gone.
Key Things for an Organization’s Success
Me: So, Bob, in working with these different organizations, right? We’re trying to establish what are some of the key things that make an organization successful? And so, the customer experience is critical in all businesses regardless of whether or not you have a face-to-face type of interaction or you’re just digital and people are communicating with you solely through the internet. But leadership is very important for a business, whether you’re a solopreneur or you’re a fortune 500 company, regardless of the size, it’s driven by the leader in the organization. As it relates to customer experience, if you were to maybe give us an example of a use case, a good use case, example that you’ve observed over the years in working with these CEOs, what do you think are some of the key things that make them be able to have a successful customer experience, one in which their customers are their brand advocates, their evangelists, their word of mouth advertisers. If that company decided not to advertise for the next two, three years, they would still be doing great business because their customers view them as fans. What would you say are key things in that?
Bob shared that there’s one company that comes to mind, and that CEO was brilliant, and the culture in the company was extremely strong. He would walk around his plant every day, and he knew everybody’s name and met family members, and he’d walk up to him and just say, “Hey, Charlie, how you doing? How’s the family? How’s your wife? I heard your son Robbie is sick.” He would do that, and the employees felt that they were cared for.
He never stopped setting goals, he never stopped doing things that would make the work fun. He was trying to reduce shrinkage one day, and it kept bugging him, it was going on for months, and he decided he’d just do a little contest, and he went out and bought an old junker car and a whole bunch of sledgehammers, and every day the group, the employees reduced the amount of shrinkage, they could go out and beat up on the car. And it was just amazing how much fun they were having and how just beating a car, they hit their goal for sure, and it cost the CEO, like, what $500 to do that.
He had other contests like dunk the CFO, where he had one of those dunking tubs. Certain goals were reached, that was out in the parking lot. He saw him with his customers. One of their Vistage speakers impacted him so much that he invited his customers from around the country to come to his plant, see the plant, and hear this speaker present, and because it made such an impact on him, he wanted his customers to be better too, so he thought this speaker could really help him.
What else did he do? Whenever he’d walk up to somebody and they promised to do something for him, he recorded it on his phone, so he’d pull it out and before he saw them, pull up their name and say, “Hey, how are you coming on that project we talked about?” And the accountability went through the roof. Just little things like that, simple things. But he had one goal, that if the company reached so much in revenue sales, he knew that if it did, they’d make extra money, if it was over and above the regular goal, it was big….hairy….audacious goal, and he said, “If you guys hit this, I will take the entire company to Las Vegas.” Because he knew if they increased the revenue that much, the profits would go up enough to pay for the trip and then some. And he was legendary with his employees. Just things like that that are special.
Me: I think one of the things I took away from what you said just now that it’s not the big things, it’s like always the little things, the minor details, and they go very far away with another human being, because it shows them that you value them, you appreciate them, and they’re just not there to milk, to get more money, money, money. But you value them as a person, and you recognize the fact that your success is just as important as their success.
Bob agreed, that’s exactly right. That’s what it takes to build a great company, is the culture you create. You want people waiting in line to go to work for you.
Me: I know right, that’s awesome.
App, Website or Tool that Bob Absolutely Can’t Live Without in His Business
When asked about an online resource that he cannot live without, Bob shared that he hates it, but he can’t live without it, it’s called email. Buries him, but it’s the communication is so fast, and we can send documents back and forth, and he doesn’t think anybody could live without email now. We all curse it, but it’s there.
Me: Agreed, because in the absence of email, we have to go back to posting a letter to your customer or to your friend or family member, and we all know the Postal Service takes forever for you to get that response. So, yeah, email is amazing.
Bob shared that he remembers those days and they’d send off a contract and wait and wait and wait to get it back, just because of the mail, or an invoice. It just was crazy. And then came fax machines, and they were huge. He bought one once and his accountant, and said, “Why do you want that thing? Nobody else has them.” And he said they will, even though they will. And that became huge, and then email took over for that.
Books that Have Had the Biggest Impact on Bob
When asked about books that have had a great impact, Bob shared that Good to Great: Why Some Companies Make the Leap…And Others Don’t was a book that had an effect on him. Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant is another one. Dale Carnegie,How to Win Friends and Influence People.
Me: I’m actually looking at the book right now. It’s sitting right in front of me.
Bob shared that that’s one of the major ones. And another one he wrote was How to Stop Worrying and Start Living. So, there’s several.
What Bob is Really Excited About Now!
When asked about something that he’s really excited about, Bob shared that he’s always excited about cheering, he sees so much, and he loves what he does. As far as he’s not in any training right now, but Vistage offers trainings all the time, and he also does stuff outside of Vistage. But right now, he’s getting ready to go on a holiday in a sprinter van, it’s an RV, and that’s kind of got his attention. Plus, he’s got two Vistage meetings next week.
Me: So, those are your things that you’re working on that you’re really excited about. Fantastic.
Where can listeners find Bob online?
LinkedIn – Bob Carrothers
Website – www.vistage.com
Quote or Saying that During Times of Adversity Bob Uses
When asked about quotes that he tends to revert to, Bob shared he does, he’s a big fan of Albert Einstein, and he had a quote that was, “The same level of thinking that caused a problem is not going to fix the problem.” That’s not exact, but that’s what it means. And that’s so true. Another one is, “Everybody’s a genius. But if you want to teach a fish to fly, they’re going to fail and feel they’re a loser from then on.” And some people just can’t get it. And sometimes when things go wrong, you got to look at the people involved, or the thinking involved and reapproach it with a different level.
Me: Okay, so that second quote is more to say, maybe you need to take a few steps backward just to move forward, just to reevaluate and do it again.
Bob agreed. Reevaluate if it’s an employee and they just can’t get it. Maybe they’re just not set up for it, and it’s better to find another position for them, or another area of responsibility, or perhaps they’re just not right for your company, like you got to have the right people on the bus as Jim Collins say.
Me: True. If you have the wrong people on the bus, it makes the journey that much harder.
Bob agreed, they got to be in the right seats.
Me: Well, thank you so much Bob for jumping on our podcast today and sharing all of these awesome insights as it relates to Vistage and your journey and just what are some of the key things that makes a leader successful and makes an organization successful as they navigate their customer experience through the journey of their customers lifetime. So, I think your conversation today was extremely insightful, and I just wanted to extend our deepest gratitude to you for taking time to share with us today.
Bob shared that he’s really enjoyed this. Yanique ask great questions and make him think so, thank you.
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Links
• Good to Great: Why Some Companies Make the Leap…And Others Don’t by Jim Collins
• How to Win Friends & Influence People by Dale Carnegie
• How to Stop Worrying and Start Living by Dale Carnegie
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