May 30, 2023
So many company founders out there have found success because they’ve had a great idea, a particular skill set, and a willingness to put in the long hours. But those 3 characteristics are NOT how to scale a company. Instead, to become a successful CEO of a growing business, founders have to evolve what they do within that business — and this can be one of the toughest transitions for them to make. Letting go of job duties or responsibilities doesn’t come easy for these high-achievers.
Our latest guest, Dr. David Stern, MD, is someone who has gone through that transition himself. Stern is the Chief Executive Officer and Founder of Experity, a GTCR portfolio company and a leading software and services company providing integrated solutions to more than 50% of the U.S. urgent care market.
Tune into the full conversation for more on David’s journey from doctor to business owner, how he’s evolved as a leader over the years, the pros and cons of mergers, and more.
Here’s a Glimpse of What You’ll Learn:
-
More about what David’s company, Experity, does
-
How the introduction of electronic medical records inspired David to start his own business
-
The value of firsthand experience in developing the product that would make up the core of David’s business
-
How David morphed his job duties over the years, and how that helped scale the company
-
Why founders are “scary” to investors
-
What “drivers” are and the two conditions they have to meet
-
The potential benefits and risks of doing a merger between two competitors — and what made David’s so successful
-
How David has transitioned his work habits so he can spend more time with his family
-
The routine David has with his daughter, and how that has made his personal life so much more meaningful
-
David’s book recommendations, especially for business owners looking to scale their companies without stretching themselves too thin or trying to do everything all at once
-
The one habit that successful CEOs consistently maintain
Resources Mentioned in This Episode:
-
“The Great Game of Business: The Only Sensible Way to Run a Company” by Jack Stack and Bo Burlingham
-
“Good to Great: Why Some Companies Make the Leap and Others Don’t” by Jim Collins
-
“The 4 Disciplines of Execution: Achieving Your Wildly Important Goals” by Chris McChesney
-
“The ONE Thing: The Surprisingly Simple Truth About Extraordinary Results” by Gary Keller