New Market, New Manager

Author: Steve Worthy
Published: Mon 12 Jun 2023
Episode Link: None

You've recently been promoted. You’re a new leader in a new market. Are you really ready for this major change?

Listen in as we discuss the challenges and tips for new leaders in a new market, emphasizing the importance of assessing the market, understanding competition, building relationships, simplifying communication, and creating a positive culture!

Key Highlights:

[01:45] It’s a big deal when you get promoted into another market.

[03:01] Dealing with fear and imposter syndrome as a new leader in a new market

[05:35] The assessment process starts well before you take over the market

[07:27] Assess yourself from a market standpoint as it relates to your competition

[12:12] Even though you are promoted, you are not the new leader in influence

[14:54] Keep your messaging & communication simple

[21:36] You have to assess your team quickly!

[31:23] Create a plan before you enter the market & adjust if necessary

[36:51] Be adaptable as a retail leader

[41:50] What does it look like when I'm being successful?

Notable Quotes:

In retail, your competition is probably one or two blocks down. Sometimes they're in the adjacent shopping center!
Influence is gained. It is earned. It is not given.
Listen more than you talk. Ask a question, wait for the response.
You're not going to change the world in your very first 30 days.
The worst thing that you can do is to have a number of people on your team that are just like you.
If you stay plateaued and your team plateaus, you're doing your team a disservice.
Be water, my friend. Change before it's necessary.

Changed the Simplesat information

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