My Journey to Becoming the CEO of Empire Flippers with Andy Allaway [The Opportunity Ep.165]

From our humble origins selling small niche websites to
successfully selling over 2,300 online businesses and helping
more than 70 entrepreneurs become millionaires, Empire Flippers
has come a long way.


Now, we're entering an exciting new chapter with Andy
Allaway taking the helm as our new CEO. In this episode, we take
you behind the scenes at Empire Flippers, where Andy shares his
journey from Director of Operations, to Chief of Staff, and now
CEO. He talks
about the rapid growth we experienced during the 2020/2021 online
business boom and the challenges that followed in the
post-pandemic downturn. Andy also explains the strategies he put
in place to get Empire Flippers back on track. According to
Andy,


"You have to make a conscious decision about
what culture you want in your business. You have to decide what
it is that you're about. That helps you identify the right people
for the business who share your values and are able to maximize
what you offer. Then, let that bleed through into everything you
do in the business."


We also dive into what makes a great leader and how CEOs
must adapt their leadership style in both good times and tough
ones. Andy explains,


"To be a really really good leader, you have
to be able to flex your style depending on the situation that
faces you. The way you lead in calm waters is not the way you
lead when your back is up against the wall."


If you're an employee looking to gain the kind of
leadership skills that you need to become a CEO, then this is
also a fantastic podcast for you.


Topics Discussed in this episode:



Andy's background and his early days at Empire Flippers
(03:10)


The changes Andy made to streamline Empire Flipper's
operations (08:08)


The chaos of 2020 and how it negatively affected Empire
Flipper (09:50)


Building company culture in a remote environment
(20:22)


How to find a CEO for your business (22:49)


Becoming the CEO of Empire Flippers (25:44)


How Andy turned the ship around and helped Empire
Flippers recover (32:33)


What entrepreneurs should focus on when rebuilding their
business (36:32)


What makes a good leader and peace-time CEOs vs war-time
CEOs (40:30)


Andy's advice to entrepreneurs holding off on selling
their business (46:18)

Mentions: 


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Andy's LinkedIn


Influence by Robert Cialdini



Sit back, grab a coffee, and learn what it takes to rise
through the ranks and become a CEO.