Tom Fallenstein is the CEO and Founder of Fun.com and allowed one of his C-suite members to explore other career opportunities while still on the job. Tom takes a different perspective when it comes to letting his staff explore their dreams and interests. In this episode, you’ll learn why it might be a good thing for members of your team to have a split focus, and some of the benefits it might bring to you and your company.
Key Takeaways:
[2:10] A little bit about Tom and his company Fun.com.
[4:15] Tom allowed one of his own executives to branch out and start his own company while ‘on the job’. Tom shares his thought process behind this decision.
[6:50] We’re entrepreneurs, we’re going to have an itch to do new things. Instead of limiting it, it should be rewarded.
[7:20] The good thing about letting your executives wander is that they bring back a new set of knowledge and skill sets that they’re learning at other companies.
[8:20] Is Tom ever worried that his executives’ attention is going to be spent elsewhere?
[10:45] Honesty and communication is key in any leadership role you’re in.
[12:10] Tom has an executive assistant that has stated a side hustle, also.
[14:00] Tom gets enjoyment out of helping others succeed and win.
[14:40] Has Tom had conversations about boundaries with his more entrepreneurial staff?
[15:30] What mistakes should other leaders be aware of and should avoid making?
[17:20] How does Tom handle the conversation around Intellectual Property?
[19:50] How does an employee get the conversation started in a healthy way to their employer?
Mentioned in This Episode:
Email Todd: Todd@Dynastylc.com
Email Mackenzie: Mackenzie@Mackenziedoheny.com