Building a Structured Advisory Business for Startup Founders

Intro

Jonathan Lowenhar, a seasoned entrepreneur and CEO advisor, shares his insights on the journey of founders transitioning into effective CEOs. With nearly 30 years of experience, he has successfully navigated various roles in startups and large companies, ultimately leading him to create Enjoy the Work, a firm dedicated to helping founders develop their leadership skills. Throughout the conversation, Jonathan emphasizes the unique challenges faced by startup CEOs, particularly the lack of formal training and the overwhelming pressure to succeed. He reflects on his own path, highlighting the importance of grit and resilience, shaped significantly by the influences of his family. The episode offers valuable lessons for aspiring entrepreneurs and those interested in understanding the dynamics of startup leadership.

Bio

Throughout his nearly 30-year career, Jonathan Lowenhar successfully built a $1B business segment for a large public company, guided the turnaround of a distressed $100M+ revenue business, launched and sold a venture-backed startup, and led another startup that eventually was acquired for just under $1B.

Those very different endeavors led Jonathan to obsess over a single question, "how does a founder become a great CEO?" He interviewed hundreds of founders and investors seeking clarity to that question. And when no good answer presented itself, he teamed up with a group of exceptional former founders, operators, and investors to create their own solution.

Since 2015, Jonathan has led Enjoy The Work, a firm with the singular mission of helping founders become great CEOs. Founders invent miraculous things. Enjoy The Work’s role is to teach founders how to build high-performing companies to bring those inventions to the world.

Episode

In this episode, Jothy Rosenberg engages in a compelling conversation with Jonathan Lowenhar, a seasoned entrepreneur and leader who has crafted a remarkable journey through the startup landscape. With a professional history that spans nearly three decades, Lowenhardt has successfully built and sold several ventures, including a company acquired for nearly $1 billion. The episode delves into his early career in the casino industry, where he honed his skills in marketing and operations, and how those experiences shaped his perspective as a founder. Lowenhardt's transition into the tech world began in earnest when he relocated to California in 2007, a move spurred by both personal and professional aspirations. The discussion reveals his initial struggles to navigate the unfamiliar territory of startups and technology, a journey that ultimately led him to create Enjoy the Work, a firm dedicated to helping founders evolve into great CEOs.

Throughout the episode, Lowenhar emphasizes the importance of mentorship and the need for structured guidance in the chaotic startup environment. He articulates the challenges faced by founders, often feeling isolated and underprepared for the weighty responsibilities of leadership. By sharing insights from his own interviews with hundreds of founders and investors, he highlights the common hurdles they encounter and the universal questions they grapple with. The conversation paints a vivid picture of the emotional and practical complexities of startup life, underscoring the value of community and support in overcoming these challenges. Lowenhar's commitment to fostering a culture of learning and resilience among entrepreneurs stands out as a central theme.

Listeners are also treated to personal anecdotes that enrich the narrative, such as Lowenhar's reflections on his family, his upbringing, and the grit he developed through adversity. He recounts the lessons learned from his father, whose own challenges instilled a strong work ethic and determination. As he relates his entrepreneurial journey, it becomes evident that personal experiences and professional endeavors are deeply intertwined, shaping not only his career trajectory but also his approach to teaching and enabling others in the startup ecosystem. The episode encapsulates a profound message about the power of resilience, the necessity of mentorship, and the joy of supporting others on their paths to success, making it a must-listen for aspiring entrepreneurs and seasoned leaders alike.

Takeaways

• Jonathan Lowenhar's journey from casino industry to tech startups highlights the importance of adaptability.
• Founders often feel isolated, needing support to navigate the challenges of becoming CEOs.
• Enjoy the Work aims to teach founders how to build high-performing companies effectively.
• Grit is developed through overcoming challenges, as shown by Jonathan's personal experiences.
• Learning from trial and error in startups emphasizes the need for guidance and mentorship.
• The shift to remote work has changed how startups can operate and find support globally.

Links

Jonathan's Enjoy the Work: https://enjoythework.com

Please leave us a review: https://podchaser.com/DesigningSuccessfulStartups

Tech Startup Toolkit (book): https://www.amazon.com/Tech-Startup-Toolkit-launch-strong/dp/1633438422/

Site with all podcasts: https://jothyrosenberg.com/podcast

Jothy’s non-profit: https://whosaysicant.org

Jothy’s TEDx talk: https://www.youtube.com/watch?v=PNtOawXAx5A

Chapters

• 00:03 - Introduction to Jonathan Lowenhar
• 00:09 - Jonathan's Journey into Startups
• 00:45 - Career Highlights and Achievements
• 01:10 - The Question that Sparked a Mission
• 01:27 - Founders and the CEO Transition
• 01:49 - The Origins of Enjoy the Work
• 02:14 - Personal Reflections on Entrepreneurship
• 02:15 - Building a Startup Advisory Business
• 02:42 - Navigating the Challenges of Startups
• 32:21 - The Importance of Grit in Entrepreneurship