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Dynasty Leadership Podcast

It's great if you can pick when you hand over the reins, but what if that time picks you? “Does your company consistently meet or beat the targets you set?" “Do you have the right team rowing in the right direction?" “Is there something going on in your market or company that threatens your growth? "Are you considering transitioning the leadership of the company?" “Is there a clearly articulated long-term strategy?" We specialize in guiding Family-owned businesses with 50-500 employees to become Succession ready.
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Feb 7, 2022

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! 

 

Key Takeaways:

[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 for his dedicated team. 

[35:20] As a new leader, really take 3-6three to six months to learn about the organization. 

[36:40] What’s next for Nathan? 

 

Mentioned in This Episode:

Dynastylc.com

Email Todd: Todd@Dynastylc.com

Navegate.com

Nathan on LinkedIn

NDey@SaltSpringCapital.com

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