Insights

November 1, 2023

The COO Roundtable: Episode 58

In Podcast: The COO Roundtable

Contributions from: Matt Sonnen

For this episode, we step away from our standard format of speaking with operations professionals in the trenches to speaking with an author and entrepreneur about the role of the COO.  Cameron Herold has written a fabulous book directed at CEOs contemplating hiring a COO, titled, Second in Command – Unleash the Power of Your COO.  He is also the founder of the COO Alliance and the host of his own podcast dedicated to the role of COOs, Second in Command.  Cameron has sat in the COO seat, overseeing the growth at 1-800-GOT-JUNK from $2 million to $106 million in revenue in just six years.

Matt and Cameron have an honest conversation about the CEO’s need to hire for their blind spots, as well as:

  • The difficulty business owners have in finding the right person to fill the COO role
  • Why RIAs need to keep the rate of change inside their organizations greater than the rate of change outside their businesses
  • The seven types of COOs and what each brings to their organization
  • Cameron’s advice for those who aspire to be a COO
  • How a CEO and COO should work best together, and the proper expectations from both sides of that working relationship
  • How CEOs can best judge the success of their COO
  • When RIAs should consider replacing their COO for the next phase of growth

We hope you enjoy, share, and subscribe on Google PodcastsApple Podcasts, or Spotify.

You can read the full transcript here.

Purchase Cameron’s book here.

You can view Cameron’s COO Scorecard here.

Related Articles

September 4, 2024

The COO Roundtable: Episode 68

Episode 68 could very well be the most impactful episode we have recorded. For five and a half years, The COO Roundtable has highlighted the incredible work COOs perform daily across the RIA industry. As such, we’ve tended to focus on the tactical elements of the job: How do you effect change at your organization? [...]

Contributions from: Matt Sonnen

August 7, 2024

The COO Roundtable: Episode 67

With Episode 67, we are joined by Meghan Martin of Apella Wealth and Chrissy Lee of Merit Financial Advisors.  Meghan is the newly appointed Chief Operating Officer at Apella Wealth, headquartered in Hartford, CT.  The firm advises on approximately $4.35 billion and has 93 employees across 16 office locations.  Chrissy is the Chief Operating Officer [...]

Contributions from: Matt Sonnen

July 10, 2024

The COO Roundtable: Episode 66

For Episode 66, we break the rules of a “roundtable” and have only one guest, Carolyn Armitage, joining Matt for a deep conversation around our industry’s continuing evolution of turning practices into businesses.  It was a real thrill for him to interview one of his most respected RIA leaders for this conversation.  As he states [...]

Contributions from: Matt Sonnen