In Good Companies

Last week, Mohammad Anwar and Chris Pitre introduced us to the concept of “Love as a Business Strategy” and showed how beneficial it is to leaders. But leaders aren’t the only ones in a business. So, what does a culture of love bring to employees? The answer: a lot! They have just as much to gain from a culture of love as leaders do. Love as a business strategy empowers teams and makes them more efficient.

While leaders are essential in implementing a culture of love, employees are key in sustaining one. So how do you make that happen? Well, it starts with hiring the right people–and they may not be who you expect. Once they’re in the door, you establish connections and make them feel secure–because when people feel safe they can be honest. “Honesty over Harmony” is one of the foundational tenets of Love as a Business Strategy. Honest communication cuts down on time; honest criticism leads to better products; and honest feedback opens the door to accountability.

On this episode, you’ll hear all about how Mohammad and Chris encourage these behaviors and build them into their business; small changes that can make a culture of love much easier to maintain. So join us, as we explore the labor of love.


Highlights:
  • Defining Love as a Business Strategy (3:29)
  • What leaders don’t understand about employees (5:02)
  • Empowered employees (6:19)
  • How a culture of love makes employees more efficient (7:08)
  • Hiring: Culture add vs. culture fit (9:13)
  • Hiring: Capability over competence (11:32)
  • How Softway builds connections between employees (13:47)
  • Creating a feeling of security in employees (15:30)
  • Honesty over harmony (16:43)
  • Silence is the biggest cost that’s not on your balance sheet (19:15)
  • Culture vultures (21:00)
  • Holding each other accountable (23:09)
  • How a culture of love sets you up for the future (26:18)
  • Seneca Leaders (28:57)

Links:

Feedback:
If you have questions about the show or topics you'd like discussed in future episodes, email our producers, sheena.cochran@cadencebank.com or danielle.kernell@cadencebank.com.

What is In Good Companies?

Starting and running a business or managing one isn’t for the faint of heart. You’re balancing internal and external forces in a continually changing landscape. This is where Cadence Bank’s In Good Companies comes in. We share our wealth of knowledge–and insights from noted industry experts–to guide you through the forces shaping business today.

It’s hosted by Patrick Pacheco, an EVP and President of Cadence Asset Management and Trust, who has more than 25 years’ experience and is a self-proclaimed lifelong learner. He leads discussions with business owners and subject matter experts about how they’re tackling business challenges like:

● What are ways to grow my business without growing my debt?
● How can I turn my data into meaningful information?
● Why is company culture more important than ever?

It’s information you need, in one place, in under 30 minutes. More than 250,000 listeners tune in each week. Shouldn’t you?

ABOUT OUR HOST
With more than 25 years’ experience in wealth management for business clients and a penchant for hosting, Patrick Pacheco is an EVP and president of Cadence Asset Management and Trust, and presenter of the bank’s In Good Companies podcast, now in its fourth season.
His background features years of legal practice and multiple degrees, including a Master of Taxation from University of Houston, a law degree from Southern Methodist University, and both a Master of Business Administration and Bachelor of Science in Economics from University of Texas at Arlington.
Pacheco describes himself as a lifelong learner and someone who loves asking questions–probably the ones you’re thinking about too. He’s especially excited about season four because of the diversity of topics and guests who will not only share their wealth of knowledge, but listeners will also get tips and tricks they can use in their own businesses, careers and professional lives.