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Founder vs Operational Executive

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Russell P. Reeder is President and COO of (mt) Media Temple, Inc., a top provider of web hosting and cloud services that powers 1.5 million websites in 100 countries worldwide. An 18-year veteran of the IT field, Reeder has steered organizations out of distress, led multiple turnarounds, and managed global high-growth businesses that have sold for billions of dollars.
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Founder vs. Operational Executive Founder Showcase March 27, 2013
Transcript
Page 1: Founder vs Operational Executive

Founder vs. Operational ExecutiveFounder ShowcaseMarch 27, 2013

Page 2: Founder vs Operational Executive

Russ ReederPresident & COO (mt) Media Temple@RussReeder

Hello

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Programmer...Sales...Founder...Hired Gun

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It starts with the idea...

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Know the game you are playing.

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You’re either...

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A technologylooking for a market...

Apple Power MacG4 Cube

(2000-2001)

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Or...

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A marketlooking for a technology...

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It’s not what...

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It’s why.

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The secret that makes any founder - exec - or manager

successful?

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Revenue...Revenue...Revenue

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The truth that makes any founder - exec - or manager

successful?

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Inner Strength

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Everyone tells you to have goals.

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No one tells you to have

goals after

your goals

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“Once you agree upon the price you and your family must pay for success, it enables you to ignore the minor hurts, the opponent’s pressure, and the temporary failures”

- Vince Lombardi

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The Stockdale Paradox“Stockdale accepted the reality of his situation. He knew he was in hell, but stepped up to make things as good as they could be... It’s the optimists that died.”

- Jim Collins on Admiral James Stockdale

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But just remember...

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No one on their deathbed ever said...

I wish I worked more.

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If you want to be successful

and happy

You must...

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Communicate

Communicate

Communicate

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Employees

Customers

Partners

Investors

Market

Your Spouse

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What makes founders successful?

Never

saying

Never

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Tenacity

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Focus on your

Strengths

Hire for your

Weaknesses

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But wait...

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As an exec - your

greatest strengths

are your

biggest weaknesses

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Signs that it’s time to bring inan operational executive

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You do not:Hit, Track, orHave a budget

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Roles and

Responsibilities

Your employees do not have clear:

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You are growing fast

But your competition

is growing faster

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You are growing fast

But your competition

is growing faster

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You are losing sleep

hoping your systems

do not crash

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You lose energy in the office

Rather than...

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GainEnergy!

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Wake up!

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YouAre their leader!

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You are building the

culture that drives Success or Failure

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The key takeaway

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Enjoy The Journey!


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