Darwin Schurig, CEO of executive recruiting firm Schurig Solutions, explains the operational transition required to scale a business beyond early-stage survival.
“Everything that you, why you make it that first year, And that first five years versus all the companies that don't make it, if you want to scale or grow, those are the same things that will keep you from being able to do that successfully because you can't do everything yourself. You can't just rely on yourself. You can't be the person that has all the best You know, ideas. You've got to surround yourself with people that complement your strengths and help cover up your weaknesses.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
“Almost 20% of stage three clinical trials fail, and 70% of the failures come back to clinical efficacy, which all comes back to poor leadership, the wrong talent, cutting corners, not interpreting FDA direction correctly, or protocol design.”
Darwin SchurigOct 17, 2023▶ 33:217 Fortune 250 CEOs Die Unexpectedly Every Year From This
AssertionContradicted
Schurig: C-Suite Executives Have Five Years Shorter Life Expectancy
“Executive CEOs, people in the C-suite have a life expectancy five years less than the rest of us”
Darwin SchurigOct 17, 2023▶ 36:487 Fortune 250 CEOs Die Unexpectedly Every Year From This
AssertionContradicted
Schurig: Seven Fortune 250 Executives Die Annually from Unexpected Heart Attacks
“Stanford School of Business did a did a study, and it's like seven Fortune, 500 or Fortune two 50 CEOs or C level executives die of unexpected heart attacks every single year.”
Darwin SchurigOct 17, 2023▶ 35:307 Fortune 250 CEOs Die Unexpectedly Every Year From This
Insight
Schurig: Companies Fail Most by Ignoring Culture Fit Above Skill Baselines
“Hiring for culture after a minimal technical skill set relevant to what the functional area is, I would say is the number one most important thing that companies fail at.”
Darwin SchurigOct 17, 2023▶ 5:187 Fortune 250 CEOs Die Unexpectedly Every Year From This
AssertionSupported
Schurig: Voluntary Turnover Costs Companies 0.5x to 4x Annual Salary
“25% of employees leave annually voluntarily, and so the cost to a company for that is anywhere from half of the annual salary to four times.”
Darwin SchurigOct 17, 2023▶ 10:487 Fortune 250 CEOs Die Unexpectedly Every Year From This
AssertionContradicted
Schurig: 79% of Voluntary Turnover Stems from Lack of Appreciation or Bad Managers
“CareerBuilder had a study showing that 79% of voluntary turnovers cited lack of employee appreciation as a number one reason or the immediate hiring manager.”
Darwin SchurigOct 17, 2023▶ 11:137 Fortune 250 CEOs Die Unexpectedly Every Year From This
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