Thursday, June 16, 2022

The case for demoting yourself

Want to make meetings more productive? Focusing on helping other people succeed. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
INC. THIS MORNING
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The case for demoting yourself

Good morning,

After nearly 10 years navigating San Francisco-based global logistics company Flexport through hypergrowth, founder and CEO Ryan Petersen is stepping aside. As he plans to hand the reins over to Amazon exec Dave Clark, he’s embracing the transition more than most in his shoes. Indeed, he makes a pretty convincing case that demoting yourself may be the key to future growth. 

Between 2015 and 2018 Flexport grew 15,911 percent, landing it the No. 8 spot on the Inc. 5000. Today, the company is valued at $8 billion. Those years of exponential growth revealed something to Petersen: it's unreasonable to expect humans--and their abilities--to grow at the same pace.  

And Petersen himself is no exception. Read on for details on how he made the decision and why he believes replacing himself is best for the company.
 
 
 
Join Series Host Beatrice Dixon and Angelica Ross in Conversation

Angelica Ross of TransTech Social Enterprises is Inc.’s next guest for the Your Next Move web series. Register for the June 30 at 12 PM ET webinar.

 
 

 
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Here's what else I'm reading today:
Five-dollar gas is here and $6 is around the corner. Here's how to prepare. –Inc.

These three Black female founders offer takeaways on how they broke through barriers to achieve firsts in their industries. –Inc.

Artificial intelligence chatbots are getting smarter, which is good news for businesses, despite some alarming-sounding claims. –Inc.

Stores have too much stuff and now they’re choosing to slash prices. –WSJ

Hootsuite CEO Tom Keiser explains how to build the best board of directors at your company. –Fast Company
One more thing:
Want to make meetings more productive? Focusing on helping other people succeed. –Inc.
 
 
This newsletter was written by Inc. associate editor Brit Morse. How are we doing? Send us ideas and feedback on Twitter.

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