Lean on the expertise of your board of directors.
Nathan Dey was a first-time CEO for Navegate, a shipping and logistics company, which later got acquired under his guidance. Nathan shares his experiences of what it was like being a first-time CEO, some of the mistakes and challenges he was faced with, and how he adapted based on new market changes. He also offers advice and wisdom to young CEOs, in this week’s episode!
[1:45] What was it like being a CEO for the first time?
[8:15] When Nathan took over, he wasn’t as familiar with the market conditions. He faced challenges after his first quarter.
[13:25] Nathan had a team member who had reached their peak in the organization. What did Nathan decide to do?
[15:20] Nathan realizes that he probably should have spent more time on hiring good people, and been quicker in firing the bad ones.
[18:45] Nathan shares some day-to-day challenges he and the team faced.
[22:00] Dive into your board members. If you’re not using their expertise, you’re missing out on a whole wealth of knowledge.
[26:25] Want to further your knowledge as a business leader? You need to have a coach.
[28:30] Nathan was vastly under-resourced to solve one of the company’s biggest challenges. He shares how he transformed the business to meet that goal.
[33:40] Nathan ended up delivering a great return for his investors and his dedicated team.
[35:20] As a new leader, really take three to six months to learn about the organization.
[36:40] What’s next for Nathan?