Scaling with Purpose and Mastery – Phil Rose and Dom Monkhouse

This podcast discusses various topics related to building a strong foundation for a business. Phil Rose and Don Monkhouse highlighted the importance of talent assessment, culture, and deliberate hiring policies in building a strong foundation for a business. They also emphasized the significance of weekly one-to-one coaching and small group lessons in helping teams understand how to operate to deliver real value. They discuss the importance of functional accountability charts and leading versus lagging metrics in measuring business performance and identifying areas for improvement.  The conversation also touches on the importance of specificity in sales management and how it is key to scaling a business. Dom emphasizes the need for sales managers to have a clear focus and trust in their team to achieve success. The meeting also discussed the challenges faced by tech firms due to silos and lack of management, and the importance of approaching problems as a team and understanding the business flow. Finally, the speakers discuss the importance of having a clear purpose in business, citing examples of companies that have succeeded by focusing on a purpose beyond just making money, and the importance of a growth mindset and investing in executive education to achieve business growth. (Some of) The main points for listeners: ·         Discussion on the Growth Institute Course and Modules ·         Phil Rose and Don Monkhouse discuss the Growth Institute course and modules, emphasizing the significance of talent assessment and culture in building a strong foundation for a business. They also discuss the benefits of weekly one-to-one coaching and small group lessons, and how they help in assessing the quality of people and getting the right people on the bus. The speakers also mention the importance of deliberate hiring policies and scorecards in ensuring that A-players are hired for the next twelve months. ·         Importance of Specificity and Trust in Sales Management ·         Phil Rose talks about the importance of specificity in sales management and how it is crucial for scaling a business. He suggests that sales managers should have one thing to measure themselves against and focus on their core responsibilities. The conversation also touches on the importance of trust in sales management and how micromanaging can lead to a lack of trust and respect. The speakers also discuss the Rockefeller Habit Checklist and how it can help with execution in sales management. ·         Specificity in measuring sales performance ·         Identifying Silos and Lack of Management in Tech Firms ·         Phil Rose shares his observations of silos and lack of management in tech firms, where teams are not collaborating effectively and are blaming each other for issues. He provides two examples of such situations and highlights the need for a team approach to problem-solving and understanding the business flow. He also mentions the role of coaches in helping firms adopt new ways of doing things. ·         The Importance of having a clear purpose and vision for a business ·         The Importance of Deliberate Practice and Teamwork in Business ·         Phil Rose and Daly discuss the growth mindset and the importance of teamwork in achieving success in business. They highlight the need for deliberate practice and a clear understanding of goals and values. They also discuss the importance of having a purpose and a mental model to guide decision-making.  ·         The Importance of deliberate practice in business ·         Importance of Purpose in Business Success ·         Phil Rose and other meeting attendees discuss the importance of having a clear purpose in business, beyond just making money. They cite examples of companies that have succeeded by focusing on a purpose that bonds employees together and drives strategic decision-making. They also discuss the role of CEOs in creating and selling a vision for the company, and the tools that can be used to formalize a company's purpose. ·         Using purpose to drive strategic decisions and improve customer service ·         Growth Mindset and Executive Education ·         Phil Rose and others discuss the benefits of having a growth mindset and investing in executive education to achieve business growth. They suggest that finding time for executive education is not difficult and can be done while exercising or during work hours. They also emphasize the importance of efficiency and productivity in running a business. Learn More: visit the Ignium https://www.igniumconsult.com Subscribe for more exclusive content in the Ignium Spark Tank https://www.igniumconsult.com/the-spark-tank Listen to the show: https://sparksbyignium.transistor.fm/episodes Watch the Growth Institute Course https://hubs.li/Q01TSrZV0   Sign Up to our Ignium Bi Monthly Newsletter https://sparksbyignium.transistor.fm/subscribe Connect on LinkedIn Phil Rose https://www.linkedin.com/in/coachphilrose/ Follow us on Twitter https://twitter.com/malabarman