Succession Stories EP215: All In On Accountability, Molly McGrath - The Entrepreneur Gene

What’s the most important value to have when you’re running your own business? According to Molly McGrath, Founder of Hiring and Empowering Solutions, it’s accountability.

Listen in as Host Laurie Barkman talks with Molly about her unique perspective on the entrepreneur gene - a desire for control and freedom, stemming from an anti-authoritarian mindset. Molly highlights the importance of teaching employees to be intrapreneurs, involving them in decision-making processes, and implementing incentive-based compensation models. The episode also emphasizes the significance of accountability, time management, and having a clear vision for both personal and professional growth.

Takeaways:

• Make a list of tasks that drain your energy versus those that light you up. Use this list to create job descriptions and hire the right team members to take on these tasks.

• Establish a culture of accountability within your business. Hold daily huddles or weekly stakeholder meetings to discuss progress, challenges, and ideas.

• Provide employees with the resources and support needed to achieve their goals, fostering growth and fulfillment within your team.

• Begin planning your exit strategy early, so that you are prepared when the time comes for you to leave your business.

Quote of the Show:

• “ When you have a board of directors in your life that supports you and shines a flashlight on you, it really helps.” - Molly McGrath

Watch the full YouTube Episode here:

Connect with Molly McGrath:

LinkedIn: https://www.linkedin.com/in/molly-hallmcgrath/
Website: https://hiringandempowering.com/

This Show Is Sponsored by The Business Transition Sherpa®

Learn what every entrepreneur needs to know about building value and avoiding pitfalls!

📖 Get your FREE digital copy of The Business Transition Handbook:
https://lauriebarkman.me/book

📣 Write a Podcast Review: ratethispodcast.com/successionstories