High performers significantly boost team productivity by 15% when their team sits next to them, while low performers decrease productivity by 30%. B players can drag down the performance of the entire team as energy and productivity are influenced negatively in their presence. It is crucial for CEOs to recognize the impact of underperformers not only on themselves but on the team as a whole. B players tend to linger in companies, feeling entitled and making it challenging to let them go. A players are likely to leave if B and C players persist, as the presence of underperformers can deter top performers from staying. Therefore, it is essential to either enhance the skills of underperformers or help them find a role where they can excel to prevent hindering the productivity and morale of the team.
In this new episode Steven sits down with founder, CEO and self-titled "Boring Biz" lady, Codie Sanchez
Codie starter her career as a JFK award winning journalist covering human trafficking. In a career change, Codie entered the world of finance, and is a former partner at private equity firm EEC, and built First Trust’s $1 billion+ AUM Latin America business. She is the Founder of ‘Contrarian Thinking’ and the Cofounder of ‘Unconventional Acquisitions’, which focuses on purchasing small or what Codie calls ‘boring’ businesses as a way to achieve financial freedom. Codie has appeared on CNBC, Fox, Forbes, Fast Company, Entrepreneur, People en Español, Business Wire.
In this conversation Codie and Steven discuss topics, such as:
- The ways of reaching financially freedom
- Learning the skills of making the perfect deal
- Codie’s ingredients for success
- How to transform failing businesses
- How to purchase a business with $0
You can find out more about Codie on her website, here: https://bit.ly/3CMfn7T
Follow Codie:
Instagram: https://bit.ly/469lC3n
Twitter: https://bit.ly/3pcXdZR
TikTok: https://bit.ly/42QOYAw
Follow me:
https://beacons.ai/diaryofaceo
Learn more about your ad choices. Visit megaphone.fm/adchoices