Transcript
Dave Stachowiak (0:00)
Whenever I ask leaders what's getting in the way of you moving forward, the most common answer I hear is myself. In this episode, what's likely holding you back? And how you can take the first steps to get traction. This is Coaching for Leaders, episode 765, produced by Innovate, Learning, Maximizing human potential. Greetings to you from Orange County, California. This is Coaching for Leaders and I'm your host, Dave Stahoviak. Leaders aren't born, they're made. And this weekly show helps you discover leadership wisdom through insightful conversations. A conversation that comes up a lot in my work is with leaders, especially leaders who have hit an inflection point recently on trying to figure out what is holding them back. They have a title, a role. Things on the outside seem to be going okay and yet something doesn't quite feel right. Yet today, a conversation about how we can better see what's holding us back and be able to move forward. To be so helpful to certainly our own work, but more importantly for our teams and our organizations to help others thrive. I'm so pleased to welcome Marty Dubin. Marty is a clinical psychologist, serial entrepreneur, business coach and advisor to C suite executives and Silicon Valley entrepreneurs. He has founded several companies, including a multimillion dollar healthcare company where he also served as CEO. He is the author of how to see what's holding you back as a leader. Marty, what a pleasure to have you.
Marty Dubin (1:46)
Thank you, Dave. Really looking forward to the conversation.
Dave Stachowiak (1:49)
Thanks. Me too. You talk in the book about co founding a company and you've had several iterations of your career and in the company you co founded things were going great for a long time, over 15 years and then they weren't. And you write on this, I later realized that my blind spots were part of the reason for our failure. The biggest one concerned my identity. When you think about that, what did you run into around identity?
Marty Dubin (2:20)
So I started out, I'm a clinical psychologist by training and I started out that way and I had a private psychotherapy practice for a dozen years or more and then moved into the business world and we managed the mental health, behavioral health for large insurance companies and we would bid on a contract and then pay all the bills and manage all the doctors and hospitals and so on and had, as you said, had been doing that quite well. And then we bid on a new contract and after maybe four or five months into the contract we realized we were losing money month after month and our bidding was based on they would give us data of their historical experience and then we would look at it and decide if we could help them. And we realized that. That they had actually given us some bad data. Not, you know, any fault, but it was just our bidding then was based on bad data. And at the time, that was the problem. And I. And then I thought about it, you know, many years later, as I was doing the coaching, and it was like, what role did I have in that? I must have been. I was a CEO. I signed the contract. Why did I sign a bad contract? And in looking back, I. All the time that I was running the company, my identity was still as a psychologist. I was enjoying the business aspects, but I really, at the core, my identity was a psychologist. And I think in that way, I didn't approach the. Even though we had done well and we'd grown the company, I still wasn't really identifying myself as a business leader, as a CEO, as a business owner, primarily. And I think if I had that lens on, I would have been much more conscientious about the bidding process, about where the data came from, about making sure our actuarial and data scientist information was top notch. And I think because I had not really focused that much on that, I was interested in the mental health and psychological aspects of the business we were doing equal to the business aspects. That identity just, in a sense, in a way, kind of eroded what we were doing. And I think that often happens with identity mismatch between your role and your identity, it kind of creeps up on you, and then something presents itself and you're not up to the task.
