On this episode of the Inspiring Great Leaders Podcast, Craig Johns speaks with Patrick Esposito about The Structure Of Success, navigating passion and rational thinking, and how to create and sustain successful businesses.

We also dive deeper into the value of networking and connections, managing internal and external challenges in teams and organisations, and being a leader in business.

Patrick Esposito –   The Structure Of Success

Patrick Esposito is a dynamic serial entrepreneur who recently unveiled Initiative Labs, an accomplished investor, seasoned lawyer, and the author of “The Structure Of Success.” Armed with a Juris Doctor degree from Georgetown University Law Center, Patrick further enriched his academic portfolio with a master’s degree in modern history from the University of Oxford, England.

With an extensive background in the technology sector, Patrick co-founded and spearheaded the success of numerous companies, such as Augusta Systems, Resilient Technologies, Hexagon Safety & Infrastructure, Mile Out, and ACME General Corp. Notably, his professional journey also featured pivotal roles in offering counsel and legal support to financial and government agencies.

Patrick Esposito talks about:

• Growing up in a college town and wanting to create positive change in the world specifically in his home state
  
• An organised process of assessing, deciding, planning, and implementing changes is critical for business success
  
• The Structure Of Success
  
• Focus on a few high-priority areas and make one change at a time to avoid burning out
  
• Having the right governance structure and management team in place
  
• Worrying productively about critical areas can turn weaknesses into strengths
  
• Regularly analyse areas like governance, management, adjustments, infrastructure investments, legal structures, and disaster preparedness plans. 
  
• External factors matter, but internal factors matter more
  
• Navigating external challenges
  
• Understanding what each person wants to protect can improve the workplace dynamic
  
• Getting competent legal documents early can help resolve disputes and handle exits smoothly
  
• Passion is important but rational thinking is needed to succeed
  
• Protecting what employees want to protect from work intrusions can reduce resentment and burnout
  
• Focusing on a few priorities each quarter to assess, plan, and implement changes
  
• Identifying 3 to 5 major risks for businesses and plan for how to manage them
  
• The value of networking and building connections
  

Tweets

“There’s a lot of value in being connected. Being connected with an eye toward the purpose that you want that connectivity to bear fruit.” Patrick Esposito talks about the value of networking and building connections on the Inspiring Great Leaders Podcast.

“You’ve got to have a good process for looking at adjustments and pivots. Have a good process for looking at infrastructure investments, to support maturation and scaling. You’ve got to have good formal legal documents to support how you make business decisions and how if you have multiple partners, folks can leave the business. You have to have a good process for looking at mergers, acquisitions, other types of  exits, partnerships, etc.” Knowing what to prepare in starting and sustaining a business with Patrick Esposito on the Inspiring Great Leaders Podcast.

“The most important thing that I found on your pathway in business is being open. Being open to what can develop as a result of engaging and being present and participating in discussions, conversations, meetings.” Patrick Esposito talks about being a leader in business on the Inspiring Great Leaders Podcast.

Resources Mentioned in this show:

Patrick Esposito www.patrickesposito.com
Patrick Esposito LinkedIn
Patrick Esposito Facebook
Craig Johns www.craigjohns.com.au
Craig Johns craig@nrg2perform.com
Craig Johns LinkedIn
Craig Johns Facebook
Inspiring Great Leaders Podcast
NRG2Perform www.nrg2perform.com

Book

The Structure of Success