Randy Hain discusses his new book "Practical Virtue" and his experiences as an executive coach and author.
Key Takeaways
- Randy Hain's new book "Practical Virtue" is aimed at Gen Z and early career professionals, focusing on developing leadership virtues
- As an executive coach, Randy emphasizes helping individual leaders thrive rather than focusing broadly on company culture
- Randy recommends a symbiotic approach to business, where all activities support each other, creating synergy and momentum
- Randy prioritizes faith, family, health, and relationships above work, which he believes contributes to his business success
Topics
Randy's Background and Business
- Spent 25 years in corporate America before transitioning to executive coaching and leadership consulting 13-14 years ago
- Founded Serviam Partners to focus on executive coaching for senior leaders in Fortune 10,000 companies
- Also co-owns Leadership Foundry and has authored 12 books
Transition to Business Ownership
- Spent 12 months planning and preparing before launching Serviam Partners
- Interviewed successful coaches to gather best practices and develop his business model
- Secured potential clients by discussing his offering with 10 clients/friends before launching
Executive Coaching Approach
- Focuses on helping individual leaders become the best versions of themselves
- Aims to identify and overcome obstacles to success, manage stress, and improve leadership skills
- Typically hired by companies to work with their leaders, rather than individuals hiring directly
New Book: "Practical Virtue"
- 12th book, focused on Gen Z and early career professionals (21 to early 30s)
- Covers 64 virtues in alphabetical order, with short, practical chapters
- Designed to be used with a mentor for maximum impact
Business Philosophy and Commitments
- Prioritizes faith, family, health, relationships, and then work (in that order)
- Aims to give away as many books as he sells (1000 copies of "Practical Virtue" in 2023)
- Donates 25% of business profits to causes he and his wife care about
Advice for Business Owners
- Embrace a symbiotic approach where all business activities support each other
- Focus on creating synergy between different aspects of your work
- Be willing to let go of activities that don't align with your priorities
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