E40: Russ Clemmer: Making the Case for Long-Term Incentive Plans for Your Key Leaders

Does your company have the right leaders in place? How can you ensure that these key players stay motivated and committed to driving your business toward success? Join us as we tackle the tough questions and share our insights on nurturing and retaining the key leaders in your company. We’ll explore the philosophy of abundance and its significance in shaping your business model and your leadership team. As the company owner, it's crucial to create an environment that encourages growth, and that's what we'll delve into. From identifying the leaders that are truly worth keeping to learning how to delegate effectively, we've got you covered. We'll also discuss how you can reward your key leaders, ensuring that they share in the success they help to create. We’ll talk about how the Beatitudes in Matthew 5 apply to developing virtuous leaders in your company. We'll touch on the parable of the fig tree from Luke 13 and its application in evaluating a leader's potential for rehabilitation. So, get ready to dive into these rich insights and strategies to strengthen your leadership team and ensure your company's success. Tune in, learn, and lead! Episode Highlights (0:00:05) - Retaining Key Leaders in Your Company Identifying, growing, rewarding and retaining key leaders, understanding the person behind the leader, and my background in education are discussed. (0:14:54) - Leading With the Philosophy of Abundance We discuss company phases, key leader retention, abundance philosophy, self-assessment, business model sustainability, and delegation. (0:24:24) - Identifying Leaders Worth Retaining We seek a leader with an owner-minded vision, growth mindset, and virtuous decision-making. (0:31:06) - Empathy, Accountability, and Retaining Leaders Empathy, accountability, busyness, leadership, and the fig tree parable are discussed to promote teamwork and collaboration. (0:40:52) - Retaining Leaders Through Vision and Participation Provide leadership and team work training, build the vision, collaborate on the vision, reward and retain key players, and create an incentive plan. (0:54:22) - Developing Key Leaders in a Company We discuss transitioning key leaders with dignity, respect and company interests. Subscribe to The 3 Wins 👉https://the3wins.substack.com/ Resources from The 3 Wins To learn more about how to apply The 3 Wins Framework in your business, download our FREE whitepaper, “The 3 Wins: How to Unleash the Collaboration Effect on Profits in Your Company,” here: https://www.legacyadvisorypartners.com/signup-for-free-book-download.html#gref “The Great 8: A New Paradigm for Leadership,” by J. David Harper, Jr., CEO of Legacy Advisory Partners: https://www.amazon.com/Great-New-Paradigm-Leadership/dp/0986233609 SUBSCRIBE To our Substack to receive each episode (and its key takeaways) in your inbox: https://the3wins.substack.com/ To our YouTube channel: https://www.youtube.com/channel/UCZZsW7NF3RlOC7wfTAVGOsw?sub_confirmation=1 CONNECT WITH OUR HOST Russ Clemmer, president of Legacy Advisory Partners Russ Clemmer on LinkedIn: https://www.linkedin.com/in/russclemmer/ The 3 Wins Podcast is presented by Legacy Advisory Partners: https://www.legacyadvisorypartners.com/ CONNECT WITH OUR PRODUCER Sean Lyden, CEO, Lyden Communications: www.SystematicSelling.co Sean Lyden on LinkedIn: https://www.linkedin.com/in/seanlyden/ DISCLAIMER The 3 Wins Podcast is brought to you by Legacy Advisory Partners. Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer member FINRA/SIPC. Advisory services through Investment Advisor Representatives of Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Legacy Advisory Partners are not affiliated.