Business acquisition isn’t just about considering the assets you’ll gain but also the leader you’ll work with.

Can you work with them long-term? Are your values aligned?

A leader’s identity and personality can often complicate your plans, whether you’re looking to buy a business or even partner with one. Understanding and respecting the different types of leaders will help you navigate these scenarios more productively. 

In this episode, Adam Ringo, Managing Partner at Watercourse Investments, shares valuable insights about identity, leadership, and more.

In this episode, you’ll learn:

1. Impact can’t happen without sustainable growth.

2. Leadership buckets to understand different leaders.

3. Relationships are your most important currency.

Jump into the Conversation:

[04:15] Introducing Adam Ringo

[05:51] Understanding Radical Simplification

[07:58] Is Making Money a Bad Goal?

[08:56] Ownership and Stewardship

[10:48] What Makes a Good Leader to Invest In?

[12:49] Why Leaders Sell Their Business

[14:08] Dealing with Leaders Who Want to Stay

[15:14] How Identity Complicates Acquisitions 

[16:31] Finding Chemistry, Capacity, and Calling

[18:33] Managing Leaders Shifting Identities 

[20:04] Why It’s “Lonely at the Top”

[21:09] Feedback Loops for Leaders

[22:35] Ad Break

[23:41] Visionary and Integrator Leaders

[24:13] What is an EOS?

[25:31] Frameworks for Bucketing Leaders

[26:42] What is Chemistry, Capacity, and Calling?

[27:22] Frameworks for Bucketing Leaders (Con’t)

[28:23] Understanding Leaders’ Strengths

[31:08] Traits of an Entrepreneur 

[35:14] The Reality of Loving the Process

[37:11] Tips for Letting Go of the Outcome

[40:26] Relationships are Your Currency

[42:30] Post-show Debriefing 

To claim 10% off of your first month of BetterHelp, use the code 1000STORIES here: https://betterhelp.com/1000stories

Resources:

Follow Adam: https://www.linkedin.com/in/adam-ringo-955b0820/

Listen to 1,000 Stories with Johnathan Gough: https://www.youtube.com/watch?v=DdT9lhy2MpA