#29: How to Survive the Start-up Rollercoaster as an Entrepreneur, Founder, and CEO with Terry Lee
Music by: SAICS | Music produced by: Keith Milutinovic
They say that the startup game is a roller coaster, and for many, it is one of the most difficult, frightening, stressful roller coasters in the world – it’s bootcamp for the soul. As a founder, an executive, or a leader in a fast-growing company, we can feel very alone in our struggles, and we often hide them in an effort to appear like everything is going great. If you're feeling alone in your role in the world as a leader, you can find healing in connecting with the stories of others.
Terry Lee, our guest on the show this week, is a former client of mine and if you have ever experienced working with an executive coach, then you have some understanding of the power of having a person who is there to be your champion and your challenger. So, I want to invite you to enroll in Forward Fearless, my online live group coaching program. This is a fraction of the cost of what top-level executive coaching typically would be, and you're going to get to connect with a small and mighty group of leaders from around the world, all of whom are also committed to their own personal growth, development, self-understanding, and self-discovery.
What all of the members of Forward Fearless have in common (and I know that's why you're here) is that you are ready to create a big change in your life in some way. Whether it's the way that you are showing up and owning your power, owning and understanding your own unique zone of genius, or if you're trying to do a major life revision, career revision, or company revision. This is a place where you can be seen, and heard, and learn a lot, and be challenged and grow. I really would love to see your registration come in today.
In today's episode, we have the remarkable Terry Lee. He's a founder, he's a former CEO, he's a former COO, and he is human, just like you. If you are a leader who's never been through the entrepreneurial grind before, if you're an aspiring COO or entrepreneur founder, or if you are actually in the midst of the most challenging parts of the startup rollercoaster, you’ll receive a lot of valuable information and insight from this deeply compassionate man who is here to share his journey as a leader. Many of the lessons that he has learned along the way would not have come without a certain degree of heartbreak, pain, and struggle.
HIGHLIGHTS FROM THIS EPISODE
- 2:50 - Meet Terry Lee and hear how Caneel and Terry Lee met and how he finally became an executive coaching client.
- 7:09 - Terry Lee speaks about how being involved in soccer throughout college and his commitment to that with a singular goal helped train him for his entrepreneurship journey.
- 10:21 - Terry discusses striving and the idea that nothing is ever enough and the goal post keeps moving. Striving is not the same as success and that is a tough lesson that he had to learn.
- 13:53 - Striving vs striding will determine your feeling of success. Terry Lee discusses the moment in his journey that he began to switch mentalities.
- 17:24 - Terry used the Change Formula unconsciously because he hit a certain level of discomfort in his business that forced him to make changes.
- 19:08 - Terry Lee discusses having grace for yourself and why that is an impactful message for leaders.
- 22:03 - Caneel and Terry Lee discuss the drama triangle and how Terry was putting himself into a villain role.
- 24:40 - Terry Lee gives advice to current or aspiring COOs.
- 28:56 - Terry Lee talks about the biggest difference between being COO and being the founder CEO.
- 33:28 - Terry Lee gives advice to founders about how to build your team of champions.
- 37:00 - Being a startup founder is boot camp for the soul. It causes you to confront the dark nights of the soul. Terry Lee gives advice for founders in these moments.
- 44:30 - Join the Forward Fearless program.
More About Terry Lee:
Terry Lee is the Co-Founder of Mezcal Rosaluna. Previously, he was COO at MeUndies.
He graduated from the University of Notre Dame in 2009 where he played soccer and studied to become a sports orthopedic surgeon before changing his career path completely and taking on sales and marketing at Johnson & Johnson.
After 3 years with J&J he took on an unpaid internship at a startup called CoachUp that had just launched. This role soon became a leadership role and not long after, his career skyrocketed when he connected with Dan King, who was their Head of Marketing at MeUndies.
They arranged a 3-month consulting agreement, which ultimately turned into a 3-year stint as the COO. The all-star start-up team grew the company from a couple hundred thousand dollars per month to $35mm+ by end of 2016.
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