In a rapidly scaling business, prioritizing talent and speed is crucial. Emphasizing the need for talent involves assessing if employees are still suitable for their roles as the business grows rapidly. Implementing the concept of 'tours of duty' can help realign employees' responsibilities with the company's current needs. In terms of speed, adjusting business practices, leadership, and processes is essential to maintain the hyper-growth momentum. In this environment, what might have worked in a more mature business may no longer be effective. Constantly seeking advice from mentors and advisors helps in navigating the challenges of hyper-growth effectively.
From traveling the world opening restaurants as a teenager to pioneering new strategies at legacy brands, Kat Cole knows the importance of asking the right questions to forge a path to scale. Host Jeff Berman dives into Cole's fascinating career, exploring how she led teams at iconic brands like Hooters and Cinnabon, applying the lessons to steering the billion-dollar health supplement company Athletic Greens, where she’s just been named CEO. Plus, how her renowned Hot Shot Rule can change your life and career.
Read a transcript of this episode: https://mastersofscale.com
Subscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribe
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.