The Jake Dunlap Show

Stop Running in All Directions! Let Go of The Urge To Control Every Aspect of Your Business & Empower Your People in Decision-Making And Taking The Right Risks (with Patrick Danial, Co-founder and CTO of Terakeet)

Episode Summary

In this episode of the Jake Dunlap Show, we are joined by Patrick Danial, a global enterprise guru, co-founder, and Chief Technology Officer of Terakeet, a company that unsurprisingly has been named in the top 5 of the 2020 Best Workplaces in New York by GPTW_US and FortuneMagazine. For the past 25 years, Terakeet has been on an ascending path, from startup to global marketing partner for global brands seeking online business growth through direct audience engagement. When Patrick and his team decided it was time to take their business to a new level, they had to rethink their leadership strategies. In order to grow their company, they had to learn to trust and empower their people in decision-making and help them develop the right type of risk mindset. Listen and find out what are the pain points when going through this leadership transitioning process and what you need to do in order to create an environment where people feel involved and motivated to push forward.

Episode Notes

For the past 25 years, Terakeet has been on an ascending path, from startup to global marketing partner for global brands seeking online business growth through direct audience engagement.

When Patrick and his team decided it was time to take their business to a new level, they had to rethink their leadership strategies. In order to grow their company, they had to learn to trust and empower their people in decision-making and help them develop the right type of risk mindset.

Listen and find out what are the pain points when going through this leadership transitioning process and what you need to do in order to create an environment where people feel involved and motivated to push forward.

Time stamps:

(00:43) Our guest, Patrick Danial, Co-founder and CTO of Terakeet;

(01:28) Empowering decision-making employees;

(07:41) Navigating through this type of leadership transition process;

(13:45) When to take risks and the right type of risk mindset you want your people to develop;

(18:44) How do you stay focused and keep your people involved and dedicated to this type of change;

(21:27) The one thing you wish someone would have told you if you were a new leader, starting out today.

Quotes:

“We attempt to always grab the wheel and fix a situation ourselves, (...) but that quickly changes if you’re looking to move beyond the lifestyle business and not be held captive to every single facet of the business, every customer and every employee need.”

“We continued to grow but we were still very much a founder-led company, up until five years ago when we learned about the power of numbers and allowing people to contribute ideas and vote on ideas in a safe space.”

“You can’t extend autonomy to someone until you make them feel that we’re all moving in the same direction, and then you can step back and give them the motivation to push forward and take their own risks.”

“People know what’s going on. People can see the business, they see what’s broken even if it’s not in their own department.”

“By having the team be a part of the process it can make the lows a little bit higher because they feel like they’re a part of it. (...) We’re in this together.”

____________________________

Mentions:

Rapid Development Strategy (RED)

Website | Linkedin

____________________________

Get in contact with Patrick:

Linkedin-https://www.linkedin.com/in/patrickdanial/

Twitter- https://twitter.com/pdanial?lang=en

Patrick's company, Terakeet:

Website- http://terakeet.com/

Facebook- https://www.facebook.com/Terakeet

Twitter- https://twitter.com/terakeet