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Digital Social Hour

CEO Reveals: Why Smart Leaders Are Often The Problem | Tommy Mello DSH #893

16 Nov 2024

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CEO Reveals: Smart Leaders Can Be the Problem! 🤯 Tommy Mello shares game-changing insights on leadership, business growth, and why being the smartest in the room isn't always best. 🚀 Tune in now for a candid conversation packed with valuable insights on: • Why smart leaders can hinder growth • The importance of investing in yourself • How to build a team that challenges you Tommy drops truth bombs on scaling businesses, the power of personal brands, and why money isn't everything. Don't miss out on this eye-opening episode that'll make you rethink leadership! 🔥 Join the conversation and learn how to elevate your business game. Whether you're an aspiring entrepreneur or seasoned CEO, this episode is a must-watch! 💼 Watch now and subscribe for more insider secrets. Hit that subscribe button and stay tuned for more game-changing conversations on the Digital Social Hour with Sean Kelly! 🎙️ #LeadershipTips #BusinessGrowth #DigitalSocialHour #TommyMello #EntrepreneurshipAdvice #businesscoaching #ceoinsights #howtodealwithleadershipchallenges #businessautomation #projectmanagement CHAPTERS: 00:00 - Intro 01:25 - Overhead Door Company 02:16 - Hiring the Right People 06:51 - Scorecards 17:57 - Starting Your Personal Brand 19:37 - Overcoming Limiting Beliefs 22:17 - Health and Wealth Connection 24:57 - Business Growth Through Debt 28:05 - Reading Two Books a Month 30:28 - Exploring Spirituality 34:38 - Achieving True Happiness 36:05 - Benefits of Buying a House 37:40 - Understanding Government Assistance 39:50 - Importance of Mental Health 42:50 - The Value of Winning 44:19 - Insights on the Olympics 44:50 - Concept of Meritocracy 46:02 - Challenges in Hiring 47:01 - Finding Tommy 47:49 - Outro APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Tommy Mello https://www.instagram.com/officialtommymello/ https://linktr.ee/realtommymello https://www.tiktok.com/@officialtommymello LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Full Episode

1.212 - 18.08 Host

You should be investing in yourself and find the best. You want people that want to go where you haven't been, especially in the C-suite and the VP level. And a lot of times when they're learning with you, it's actually going to really slow down growth. At one of your direct reports, that means you're the smartest one in the room. That's a problem.

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18.18 - 36.394 Host

You should have bringing out people that are teaching you and reporting to you and doing the R&D, giving you three options and telling you this is the best option based on my experience. All right, guys, Tommy Mello here today. Thanks for coming on, man. Sad to be here. Yeah, you're on a little PR tour, I noticed.

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36.955 - 55.992 Host

You know, I'm out here for the Morgan Wallen. I really love Morgan Wallen, but just what I learned from Dan Martell is kill 10 birds with one stone. So, yeah, he's a beast. He's doing great. You know, he's learned a lot from a lot of people. I call it R&D, rip off, and duplicate. So, yeah.

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56.252 - 74.852 Host

Yeah, you could apply his teachings to any industry. That's what I like about what he teaches. Yeah. Because he did it with software. Yeah, he did it with SAS Academy. Now he's doing it with muscles and working out. But what I like about him is he actually lives it. He actually is like... he actually has his personal time. He's a good dad and a good husband.

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74.892 - 89.456 Host

Yeah, because a lot of these coaches are just all in on business, but they don't have the full 360. No, you look behind the curtains. A lot of these guys are not that happy. Yeah, money won't do that. You need more than just money. It's true. And you're speaking from experience. I mean, you've got over 700 employees now with the garage door business.

90.316 - 108.619 Host

Yeah, you know, we got one other big acquisition coming this year. I think we'll do about $270 million. But I used to really get excited about revenue. And then I learned revenues for vanity, profits for sanity. So we're at 25% of the bottom line. So that's what I'm prouder about. Yeah, at that level, that's unheard of.

109.608 - 128.938 Host

Yeah, a lot of things. We got a lot of economies of scale. I think when you grow this size, a lot of people still have things siloed. We've got one call center. Any one of our techs can go to any market, 40 markets, same price book, same truck, same tools, same shirts. It's like, well, that doesn't work in our market.

129.138 - 135.642 Host

Well, we've taken the top 10% of our guys, sent them to every market to prove that it's possible. We're in America. Yeah.

136.002 - 150.828 Host

Absolutely. So I was listening to one of my favorite shows yesterday, Diary of a CEO. And the CEO of Netflix was on there. And he was explaining how the people that start the company aren't necessarily the ones that are good for the growth when you're in the later stages. So do you have the same team that you started with?

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