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Leveraging Fractional Executives to Set Your Business on Fire with Eric Torigian

November 28, 2023

Eric Torigian is the founder and visionary behind the Business Operations and HR Advisory practices at CHRO Solutions. He provides a unique perspective from his time as a Chief HR Officer and leadership with companies such as Ford, Pepsi, NBC/Universal and Comcast.

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Guest Resources

Eric’s LinkedIn – Connect with Eric on LinkedIn.

Corner Office Lessons on Instagram – Connect with Eric on Instagram!

3 Value Bombs

1) You must be ready to fully commit yourself, take risks, and take action to make things happen.

2) Take authentic actions and engage in value-based discussions with your team. Do not shy away from talking to them like adults; they can handle it.

3) Effective leadership is the #1 factor for better performance in any organization.

Sponsors

HubSpot: The HubSpot Sales Hub supercharges your sales process so you can find, track, and close deals all in one powerful, easy-to-use platform. Make the switch to HubSpot Sales Hub at HubSpot.com/sales.

Belay: Download Belay’s Delegation Guide for free and learn six specific things that busy leaders must start delegating to take their leadership – and results – to the next level. Text FIRE to 55123 today!

InsideTracker: The scientific tools and personalized insights you need to optimize your health from the inside out. Visit InsideTracker.com and use the promo code EOFIRE to get 20% off your plan today!

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS:  Leveraging Fractional Executives to Set your Business on Fire with Eric Torigian

[1:39] – Eric shares something he believes about becoming successful that most people disagree with.

  • He believes you must be ready to fully commit yourself, take risks, and take action to make things happen.

[2:40] – Is it true that entrepreneurs often feel like they have to go through the challenges of running their businesses alone?

  • When you run a small business, there will be tough days when you might be the only one who believes in your actions.
  • You must be committed and passionate.
  • Some people can support you on your journey to success, but you are the main character in this story.

[3:44] – How can you effectively address challenges and find solutions when running a successful business?

  • Eric’s true essence lies in being a salesperson. In the early stages of his career, he received training from a highly traditional Dale Carnegie sales expert.
    • What he gained from that experience is not about the old joke of deceiving someone, like selling a low-mileage car. Instead, it is about recognizing problems and crafting solutions for them.
  • If you can master this skill, it forms the basis of effective leadership and drives everything you do in the business world.
  • Instead of being the one who delivers solutions, Eric believes in guiding and supporting individuals on their journey toward solving their problems.

[5:17] – How do you evaluate your team correctly, and what is the process of becoming a thriving team?

  • Eric had a significant learning experience, having been a team player for over 30 years and leading HR transformations for a long time.
  • He has discovered, backed by data from mid-sized companies, private equity firms, and large corporations, that the most crucial factor driving performance in any organization is the effectiveness of its leadership.
  • This insight has motivated Eric to create the “leadership maturity model.”
  • With this model, you can conduct an assessment that consists of nine different aspects, each with ten levels.

[9:01] – A timeout to thank our sponsors!

  • HubSpot: The HubSpot Sales Hub supercharges your sales process so you can find, track, and close deals all in one powerful, easy-to-use platform. Make the switch to HubSpot Sales Hub at HubSpot.com/sales.
  • InsideTracker: The scientific tools and personalized insights you need to optimize your health from the inside out. Visit InsideTracker.com and use the promo code EOFIRE to get 20% off your plan today!
  • Belay: Download Belay’s Delegation Guide for free and learn six specific things that busy leaders must start delegating to take their leadership – and results – to the next level. Text FIRE to 55123 today!

[12:46] – How can you build an action plan to grow your team most effectively and efficiently?

  • Many people share their philosophies and ideas today, but few create action plans.
  • Eric believes it is crucial to recognize that talent acquisition is a form of advertising and marketing for your business.
  • Regardless of your organization’s size:
    • Define your value proposition.
    • Engage in meaningful conversations.
    • Hiring great people is just the beginning.
    • Reward your employees.
  • This approach fosters employee engagement, which means people willingly invest their free time in advancing your vision and mission.

[15:45] – How can you best execute your action plan?

  • Be genuine and build trust when executing plans.
  • Take authentic actions and engage in value-based discussions with your team.
  • Eric offers a Leadership Maturity Assessment that can help you identify your strengths and weaknesses in various aspects. It provides an action plan to improve.
  • Treat people like adults, motivate them with the proper understanding, and give them responsibility and pride in their work.

[18:59] – Eric’s key takeaway.

  • Effective leadership is the #1 factor for better performance in any organization.

[20:12] – Eric’s call to action.

  • Eric’s LinkedIn – Connect with Eric on LinkedIn.
  • Corner Office Lessons on Instagram – Connect with Eric on Instagram!

[21:37] – Thank you to our Sponsors!

  • HubSpot: The HubSpot Sales Hub supercharges your sales process so you can find, track, and close deals all in one powerful, easy-to-use platform. Make the switch to HubSpot Sales Hub at HubSpot.com/sales.
  • Belay: Download Belay’s Delegation Guide for free and learn six specific things that busy leaders must start delegating to take their leadership – and results – to the next level. Text FIRE to 55123 today!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

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