Curious Leadership with Dominic Monkhouse E69 | Overcoming Imposter Syndrome as an Entrepreneur with Todd Palmer
Todd Palmer is the president and CEO of Extraordinary Advisors, a business that works with entrepreneurs to help them work on themselves as leaders, in order to make changes within their own business.
“It's like a friend of mine tells me, I help leaders get their act together so they can get stuff done in their business.”
Todd carved out his career placing highly skilled individuals in Detroit during a recession. But it wasn’t always plain sailing to get included in the Inc 5000 five times out of six.
Todd suffered badly with imposter syndrome, “I thought I should have all the answers for all the people and all their issues all the time, and I shit all over myself thinking I should have all these things, when in reality nobody has all the answers to everything that comes up.”
He began working with a business coach and quickly realised he’d hired a toxic group of employees and had to fire them, restarting his company from scratch.
Since then he’s gone from strength to strength and now coaches other entrepreneurs, helping them overcome their own insecurities and feelings of imposter syndrome, in order to fix themselves and ultimately their business.
“You know, there's a philosophy within the EO (Entrepreneurs’ Organization) community. An entrepreneur alone as an entrepreneur is an entrepreneur at risk, and I chose to isolate rather than reach out for help until I really hit a bottom in my business.”
And because Todd’s in the recruitment game he and Dom talk about how to hire and retain great talent, as well as the common mistakes entrepreneurs make when hiring talent.
This is a great conversation, we hope you enjoy listening to Todd as much as we did.
On today’s podcast:
- Overcoming imposter syndrome
- Hitting rock bottom and turning his ship around
- Why Extraordinary Advisors is his legacy
- What help he gives CEOs
- Why sourcing talent is the biggest challenge for any business
- The number one reason people quit their job
- People and processes make the profits
- How to fire with compassion
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