In this episode, I talk with Ryan Hutchins, founder and president of Peak Business Valuation, about the intersection of leadership, education, and business growth. We cover:
- Leadership Principles and Company Culture
- Personal Development vs. Skill Growth
- Hiring for Growth Mindset
- Coaching and Team Development
- Working with Family in Business
- Conclusion and Key Takeaways
Ryan discusses the overlooked risks small business owners face and the crucial role of leadership in navigating these challenges. He shares insights on business valuation, the company’s impressive growth, and the importance of hiring for a growth mindset. Our conversation also touches on the dynamics of running a business with a spouse, emphasizing communication and support. Listeners will learn the value of continuous learning and resilience for sustainable organizational success.
Leadership, Risk, and Growth: A Conversation with Ryan Hutchins on Building Business Value
In this episode, I engage in a profound conversation with Ryan Hutchins, the founder and president of Peak Business Valuation. Our discussion centers around the crucial intersections of leadership, education, and growth within a business context. Ryan shares insights on the often-overlooked risks that small business owners face and how these factors can significantly impact organizational success. He emphasizes the vital role of leadership in navigating these risks and the importance of understanding the inherent value of relationships within the business landscape.
Valuing Success: Ryan Hutchins on Business Risks, Leadership, and the Power of Diligent Doing
Ryan elaborates on how his company specializes in valuing businesses for various scenarios including sales, litigation, and tax planning. We delve into the nuances of business valuation and how understanding risks is essential. According to him, acknowledging and mitigating these risks is crucial for small business owners who often forget to observe the full scope of what may threaten their operational success. As we transition into discussing leadership, I encourage Ryan to reflect on the core principles that have propelled the growth of Peak Business Valuation, which recently achieved remarkable growth of 341% over three years. He introduces the concept of being “diligent doers,” a mantra that encapsulates his team’s commitment to continual learning and self-improvement. Ryan reveals that embracing a mindset of growth and adaptability is foundational to the culture at Peak, where every team member strives to improve from their past selves.
From Perfectionism to Growth: Ryan Hutchins on Leadership Evolution, Team Building, and Valuing People
Throughout the episode, Ryan candidly shares his personal journey of evolving as a leader. He recounts the pivotal moment when he hired an individual with vastly more experience in business valuation, requiring him to confront his perfectionism and embrace humility. This change not only reshaped the team’s approach to client service but also altered how Ryan views his own role within the organization. He highlights how personal development has become a primary focus in his leadership journey, allowing him to delegate technical tasks and dedicate more time to nurturing the growth of his team. We also discuss the importance of hiring individuals who align with the company’s growth mindset and philosophy. Ryan explains his hiring practices, emphasizing that while he seeks talent for technical roles, he hopes to cultivate a natural desire for growth among his employees as they develop in their careers. This belief propels him to incorporate personal development discussions into his weekly one-on-one meetings, where he not only focuses on their professional aspirations but also takes the time to understand their personal lives and challenges.
Leading Together: Ryan Hutchins on Spousal Partnerships, Continuous Learning, and Building Resilient Teams
The conversation culminates in a reflection on the unique dynamics of running a business alongside a spouse. Ryan shares the complementary strengths he and his wife bring to their roles within Peak, underscoring the importance of mutual support and understanding in both professional and personal realms. Their partnership serves as a testament to how solid communication and defined roles can lead to success in business. By the end of our discussion, I hope listeners will grasp the importance of education for growth—both for themselves and their teams—as a fundamental aspect of leadership. Ryan’s story and insights illustrate that fostering an environment of continuous learning and resilience not only enhances personal development but also positions the entire organization for sustainable success.
