054: Moving Back Into the CEO Role | A Founder’s Journey
Feb 16, 2024
auto_awesome
The speaker shares their experience as a founder and the challenges of building a business. They announce their return as CEO and discuss their family's move back to Texas. They reflect on handing over the CEO role, explore liquidity options, and discuss a failed business deal. They emphasize the importance of resilience, brand amplification, and building a tribe based on shared beliefs.
The speaker emphasizes the importance of sharing his entrepreneurial journey, highlighting growth and challenges experienced during this period.
The speaker reveals the challenges faced in running a private equity deal, including multiple rounds of negotiations and a complex, unfavorable outcome.
Deep dives
Lessons Learned from the Entrepreneurial Journey
The speaker shares the lessons learned from the past 12 months of his entrepreneurial journey. He emphasizes the importance of sharing his experience as a founder and entrepreneur, highlighting the challenges and growth experienced during this period. He expresses gratitude for the CEO who filled his role during this time and announces that he is back in the CEO seat.
The Complex Process of Running a Private Equity Deal
The speaker discusses the process of running a private equity deal and the challenges it presents. He explains how they hired an investment bank to assist in the process and went through multiple rounds of pitches and negotiations with potential investors. He reveals that the deal fell apart due to complex and unfavorable terms, but shares that he is content with the outcome.
The Impact of Burnout and Family on Decision Making
The speaker shares his experience of being burnt out at the end of 2022 and the impact it had on his decision-making. He reveals that becoming a father and wanting more time with his family influenced his choices. He also acknowledges the importance of trust in his own capabilities and learning to rely on his intuition.
Returning to the CEO Role and the Future of the Business
The speaker announces that he is moving back to Texas and returning to the CEO role of Bear Performance Nutrition. He expresses excitement and energy for the future, emphasizing the need to simplify the focus on the brand, product, and people. He acknowledges the importance of building a tribe based on shared beliefs and values and vows to be unapologetically authentic.
In this week’s episode, I am proud to announce I am moving back to Austin and stepping into the CEO role again. I’m pulling the curtain back and telling the whole story of what has led us to this decision. 2023 was full of challenges and lessons learned, but I am more energized than ever to have BPN show up as our unapologetic, authentic self in 2024 and beyond. Enjoy!