CB Bowman LIVE: Challenges of the C-suite: Rhett Power Episode 4

10 Oct 2020 · 42 min
42:18

In this hour‑long interview, host CB Bowman talks with entrepreneur Rhett Power, founder and former CEO of Wild Creations, about the real‑world challenges of running a fast‑growing company. Power recounts the chaotic early days of his first venture – a flooded office, angry customers, and a revolving door of delivery drivers – to illustrate what he calls "grit": the daily determination to get out of bed, solve problems, and keep moving forward despite setbacks. He reflects on the origins of his grit, attributing it to family work ethic, athletic competition, and a mindset that "quitters never win." The conversation shifts to mentorship, where Power admits his early mentors were misaligned with his vision of building a global toy company. He stresses the importance of finding mentors whose mindset matches the growth stage of the business and being willing to change mentors as the company evolves. Power then describes the painful lesson of "getting out of your own way" as the company scaled. An open‑door policy and hands‑on problem solving became unsustainable; delegating decision‑making empowered staff, freed his time for strategic work, and accelerated growth. He shares concrete tactics he used – weekly off‑site coffee‑shop work sessions to avoid rabbit holes, and a disciplined weekly pause to think strategically. Scaling challenges are highlighted: hiring 100+ employees in a month without HR infrastructure, inventory over‑ordering, and credit risk that cost hundreds of thousands of dollars. He contrasts these hardships with high points – the first product becoming a "toy of the year," sitting beside industry legends at the Toy Industry Association awards, and the cultural moments (potlucks, team celebrations) that kept morale high. Finally, Power introduces his upcoming "Courageous Leadership" program, which aims to restore a "day‑one" mindset in established companies: shedding entrenched processes, embracing uncertainty, and making bold decisions with moral clarity. Bowman ties this to her own experience founding the Association of Corporate Executive Coaches (ACEC) and the need for leaders to jump first, then figure out the landing. Throughout, both speakers emphasize self‑awareness, accountability, and the role of an advisory committee in preventing entrepreneurial isolation. Key takeaways: 1) Grit is a learnable blend of confidence, experience, and relentless daily effort. 2) Mentors must align with the company’s growth phase; it’s okay to switch them. 3) Delegation and strategic pauses are essential to avoid burnout and enable scaling. 4) Rapid hiring and inventory management require systems before growth spikes. 5) Re‑igniting a day‑one, courageous mindset can revitalize mature organizations.

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