In the latest episode of the Fintech Scaling Show, ID-Pal CEO Colum Lyons shares his insights on how to adopt the right mindset as a CEO and Founder.
While every day brings new challenges and new opportunities to the table, having the right mindset to overcome and navigate obstacles while celebrating wins of all sizes is key to the long-term success of your business and your team.
Listen to the episode here.
Short on time? here are some key time-codes to jump to:
ON COMMITMENT TO LEARNING AS A CEO
04:29: “I would definitely use a lot of people around me, in my life, to bounce ideas off, to gain their experience, to gain their knowledge. […] Having scars in your past is a good thing because if you have scars means you are not going to make those same mistakes again. So people that have experience, that have done it before, learning from their scars I think is extremely important.”
06:02: “When you are building a business you have no choice but to reach out to people. You have to be encouraged and have a brazen nature and reach out, get their number and invite them for a coffee.”
ON SHIFTING YOUR MINDSET AS A CEO
07:19: “The ability to listen is extremely important. A lot of the time you see founders, CEOS – they feel like they know everything and maybe don’t want to be in a place where they are showing signs of weakness […] but it is important to listen and take in what you need to take in. Advice is advice […] and taking all the opinions onboard and bring it back to your business. ”
09:20: “I try and encourage that staff have that work-life balance, because it’s so important{…} there are a number of things we have done internally in the office. Do as I say and not as I do and we really focus on that in the office.”
14:51: “I still want to give demos to customers because I want that feedback […] I never want to lose that touch.”
20:50: “In the game of business, it’s about long-term. It’s not just that event, it’s the next event, the following event. […] It started at the first event, it happened at the third event.”
ON CONTENT FOR THOUGHT-LEADERSHIP
22:39: “It’s about having good quality content so that when someone sees you they’re always actually interested in what you’re saying and what you’re doing.”
23:13: “Choosing your audience correctly. We know the particular markets ID-Pal lands well in. We know who the buyers and who the personas are. They’re the people to focus on.[…] It’s about being relevant to who your buyers are.”
ON DECISION-MAKING:
26:24: “I think it is hard to go wrong if you have a simple questions of “ is this the right thing for the company?”.
LESSON FOR LISTENERS
28:47: “Just because other companies have done it in a particular way does not mean that is the right thing to do.”
SOURCES OF INFORMATION
31:42: “The biggest source of information for me, some people see it as spam, I sign up for a lot of Newsletters. […] For me they are the source of information. […] It’s a world of information for me. They are a 3- minute read and you can get what you need very quickly. KYC global or RiskScreen, they have a weekly email every Friday around anti-money laundering in particular. It’s excellent, it’s a great read every Friday and I look forward to receiving it.”
Listen to the episode here.
Contact us today for a live demo of how the ID-Pal service can be easily integrated with your business.
