Barry Chats with Rick Leander About His Stellar Journey from Banking to Behavioural Economics

Summary

In this episode of the Just Great People podcast, Barry Eustance interviews Rick Leander, who shares his unique journey from a corporate banking career to the world of entrepreneurship and behavioural economics.

Rick discusses the importance of values in building successful organisations, the challenges faced by early-stage startups, and the critical role of mentorship and team culture in achieving long-term success.

He emphasises the need for entrepreneurs to be passionate about their work and to surround themselves with talented individuals who can help them navigate the complexities of building a business.

Takeaways

• Rick Leander's career has been diverse, moving from banking to entrepreneurship.
• Behavioural economics plays a crucial role in understanding consumer behaviour.
• Values should guide the formation of a company's culture and mission.
• Entrepreneurs must articulate their origin story to connect with others.
• Stress, financial issues, and relationship strains are common in entrepreneurship.
• Surrounding oneself with smarter individuals is key to success.
• Mentorship is vital for personal and professional growth.
• Identifying and addressing toxic individuals in a team is essential.
• Long-term vision is more important than short-term gains.
• Being humble and open to advice is crucial for founders.

Titles

• Building a Sustainable Startup Culture
• Mentorship and Team Dynamics in Startups

Sound Bites

• "My career has been anything other than a straight line."
• "You need to pick a model that’s close to your wiring."
• "Do this because you’ve got a passion about it."

Chapters

00:00 Introduction to Rick Leander's Journey

03:04 Transitioning from Banking to Entrepreneurship

05:39 The Role of Values in Entrepreneurship

08:30 Understanding the Importance of Origin Stories

11:28 Building Effective Teams and Culture

14:06 Navigating Challenges in Entrepreneurship

17:00 The Importance of Mentorship and Coaching

19:35 Scaling and Culture in Growing Organizations

25:35 JGP Live Outro 090824 V1.0.wav

 

Useful Links

Rick Leader’s Website – LFB Holdings

https://lfbholdings.com/

Rick Leander's LinkedIn

https://www.linkedin.com/in/rcleander/

Simon Hartley’s (Be World Class) Just Great People Podcast

https://www.youtube.com/watch?v=B93pJKQwdHg

Be World Class Website

https://be-world-class.com/

The Sixsess Consultancy Website

https://sixsess.org/

Barry Eustance’s LinkedIn

https://www.linkedin.com/in/barry-eustance/

Keywords

entrepreneurship, behavioural economics, mentorship, business culture, startup challenges, Rick Leander, Just Great People podcast, innovation, corporate transition, founder mindset