The Second CEO: Accelerating Scale When Following the Founder

by Matt Sharrers

The first roadmap for a Founder-CEO succession like no other.

If you’ve been tapped on the shoulder to follow a founder or you’re interested in being in the running, be forewarned that this isn’t your average transition. The founder has skills, talents, and personality that have built the company and the culture. It’s the Second CEO’s job to respect the founder and their vision while creating a culture and vision of their own and adding massive value. But how?

Matt Sharrers knows, firsthand, what you have to get right and what common roadblocks you should be on the lookout for. He details it all in The Second Accelerating Scale When Following the Founder. Sharrers understands what it takes to create culture and value when you’re following a founder. And not just because he did it himself, leading through double-digit revenue growth, but also because he has coached and mentored dozens of Second CEOs through their transitions as well as their first years.

This book takes you step-by-step, through your own journey, whether you’re already in the running or you want to be. And whether the founder is leaving entirely, staying on in a different position, or moving solely to the board, Sharrers has you covered with real-life stories and tips from founders, serial Second CEOs, and private equity investors. And he offers his own advice, called Key Accelerants, that will best position you to drive the kind of growth you need to get to your next benchmark.

In The Second CEO, Matt Sharrers brings his decades of helping leaders improve the enterprise value of their companies to you in an interactive format. Each chapter details his proven process for cultivating culture and driving value and helps you craft your own plan. You’ll learn about the crucial mindset you need, discover the qualities far more important than degrees or even experience. You’ll learn what you need to do during the first twelve months and beyond—to think and act like the leader who’s going to take the company to the next level.

Genres: Nonfiction, Business

180 pages, Kindle Edition

Published June 11, 2024

Reviews

[Melissa Hernandez · Rating 3 out of 5]

I was kind of hoping this book would be a little more open to people who would work their way up to one day becoming CEO, but it felt as if the book assumed you were already nearing that goal. It was a good read, and I enjoyed seeing what transitions look like across the board when this occurs. I was hoping that the author would dive a little deeper with some of the advice he was providing, but I understand that it's not possible when you're trying to fit so much in a decent short-size book. It's a start, I'd say!

[✨ ੈ✩‧April ♡ ʚ♡⃛ɞ✨ · Rating 3 out of 5]

In "The Second CEO: Accelerating Scale When Following the Founder," Matt Sharrers offers a comprehensive guide for executives stepping into the role of CEO after a company’s founder. The book addresses the unique challenges and opportunities faced by these leaders as they navigate the transition from entrepreneurial beginnings to sustainable growth.

Sharrers draws on his own experiences and extensive research to provide practical strategies and frameworks tailored to the specific dynamics of scaling organizations. He emphasizes the importance of maintaining the founding vision while implementing structured processes and systems to support expansion.

The book is structured logically, with each chapter focusing on key aspects of leadership transition, including organizational culture, strategic alignment, talent management, and operational efficiency. This approach allows readers to delve into specific areas of interest or concern relevant to their own leadership journey.

While "The Second CEO" offers valuable insights and actionable advice, it may not appeal equally to all readers. Those outside the realm of executive leadership or without direct involvement in scaling companies might find some sections less applicable or engaging. The book’s emphasis on practical strategies for organizational growth may resonate more with business professionals seeking to deepen their understanding of executive transitions and strategic leadership.

Critically, while Sharrers provides a robust framework, some readers may seek more nuanced case studies or diverse perspectives to supplement the theoretical underpinnings presented. The absence of detailed real-world examples could limit the book’s ability to resonate deeply with readers looking for in-depth, anecdotal evidence of successful CEO transitions.

Overall, "The Second CEO" by Matt Sharrers serves as a valuable resource for executives navigating the complexities of scaling companies founded by entrepreneurs. Its structured approach and practical advice offer a solid foundation for understanding the challenges and opportunities inherent in this leadership transition.

[Rating: 3.5/5 stars]

This rating reflects the book’s relevance and utility within its target audience while acknowledging potential limitations in broader appeal and depth of case study analysis.

[Píaras Cíonnaoíth · Rating 5 out of 5]

Navigating the Founder's Shadow: A Guide for Second CEOs...

Matt Sharrers' "The Second CEO: Accelerating Scale When Following the Founder" is a one-of-a-kind and useful resource for executives taking over as CEO after a company's founder. Sharrers, drawing on his own experience and significant coaching background, offers a complete roadmap for making this difficult change. The book stands out for its practical approach, which includes step-by-step instructions and real-life examples from founders, second-generation CEOs, and private equity investors. Sharrers proposes the concept of "Key Accelerants," which offer tangible tactics for driving development and creating value while honoring the founder's heritage. This book is particularly engaging as it focuses on the specific challenges of succeeding a founder, addressing the delicate balance of preserving the existing culture while implementing required changes. Sharrers' perspectives on the critical first twelve months and beyond are particularly noteworthy. This interactive book invites users to create their own plans, making it a practical resource for aspiring and experienced second CEOs. While largely aimed at those in line to succeed founders, the book contains essential lessons for any leader taking over an existing firm. "The Second CEO" fills a large gap in leadership literature by providing a valuable resource for a specific and frequently neglected transition in organizational leadership. Highly recommended.

[Sofi · Rating 5 out of 5]

"The Second CEO: Accelerating Scale When Following the Founder" by Matt Sharrers is a game-changer for anyone stepping into the formidable role of leading a company after its founder. Sharrers deftly navigates the intricate dynamics and unique challenges that come with this transition, offering invaluable insights and practical strategies every step of the way. His deep understanding of the delicate balance between honoring the company's heritage and driving innovation sets this book apart. Through compelling anecdotes and actionable advice, Sharrers equips leaders with the tools to not only sustain but accelerate growth, fostering a culture of success and resilience. "The Second CEO" is a must-read for aspiring and seasoned executives alike, a beacon of guidance in the complex journey of scaling a business. Matt Sharrers' expertise shines through, making this book an indispensable resource for leaders navigating the path to lasting success.

[Steven Finkelstein · Rating 5 out of 5]

There comes a time in any successful company’s history when the founder or original CEO steps down. Maybe they’re steered the ship flawlessly up to this point, but now, this transition creates a vacuum. Who will rise up to fill it? And what can they do to follow someone who seemed like the very essence of the company?

These are the questions that this book endeavors to answer. The author knows all about what it’s like to follow an industry giant. In the beginning, you might not be viewed the same as the titan whose reputation made them such a legend. However, if you follow certain guidelines and you’re mindful of various pitfalls, you may one day be able to say you guided the business entity to just as much success as its predecessor. Consider this to be your instructive rulebook on how to make that happen.

[Grady · Rating 5 out of 5]

Stepping up – successfully!

Author Matt Sharer retired from professional hockey to become the first employee of the high ranked market strategy consulting firm SBI, subsequently being chosen to follow in the steps of the founder. His progress in making SBI into one of the largest boutique firms in GTM consulting is the foundation of this valuable book.

In a fascinating and accessible guide for achievement in leading businesses, Matt’s writing style mirrors his impact on both the members of his company and on CEOs he has coached. Acknowledging and honoring the path and pattern of a company founder, stepping into that chair as the new CEO and encouraging company growth while developing characteristics of being one’s own unique persona becomes an inspiring path to learn – and be prepared to follow.

[Saya Jacaranda · Rating 5 out of 5]

Sharrers knows what he is talking about

This guide is ideal for those transitioning into leadership roles, particularly following a founder-CEO. The plot is centered on the author's personal experiences and lessons learned through his careers in hockey, business, and consulting. It is evident that Sharrers knows what he is talking about. The characters are real. There is a strong focus on the dynamics between founders and successors. I found the writing style to be straightforward and practical. That way complex business concepts became very accessible to me, and I am no expert. I would say that this book is useful for aspiring CEOs, board members, and anyone involved in corporate succession. The structure is logically organized. This deserves a huge mention. Structure is the key.

[Almiria · Rating 5 out of 5]

The Second CEO: Accelerating Scale When Following the Founder by Matt Sharrers is an important book for anyone who finds themselves in the position of taking over a business from a founder who has built it up with their vision and expertise. As Sharrers points out, this kind of transition is different from other job transitions. The challenges that face the “second CEO” in continuing a legacy and adding their own vision and value are very big and very real. Drawing on his own personal experience, Sharrers shares the best techniques, strategies and tips for taking on a mammoth task like this and making a success of it. This is an excellent read for anyone who finds themselves in this position.

[Celeste · Rating 5 out of 5]

The Second CEO is a comprehensive guide that addresses the challenges and strategies for becoming a company's second CEO. Specifically, the book focuses on the leadership transition after the founder, providing tools and practical advice to take on this role respectfully and effectively, and take the company to new heights. The author masterfully combines theory and practice, offering a detailed and accessible guide that is both inspiring and practical. Through its balanced approach and deep understanding of business dynamics, the book not only prepares CEOs to take the job, but also inspires them to do so in a way that honours the past while building a bright future. I recommend this book to all those readers that want to become great leaders

[Darya · Rating 4 out of 5]

This book is the first one I came criticising on a topic of becoming a CEO straight after founder. There is a good advice and practical recommendations based on own experience finding self in these conditions. I liked the personal stories, what worked and what didn't. Surely each situation is unique however some guidelines are very useful. Bet on yourself is the key, you can make mistakes, have your own leadership style and be guided by your guts and thoughts how things should work. Most importantly is to realise that if you were selected for the role, you were thought to be capable to make it work.

[Chico's Mom · Rating 4 out of 5]

There are a lot of valuable lessons in this book from an experienced entrepreneur. One lesson I have learned is that, most importantly, we can surround ourselves with valuable people who would be able to advise us, like coaches and mentors, even peers, for strategic guidance. Open communication with your team is crucial and most helpful in fostering a supportive environment. Board meetings should be used strategically. An active board engagement is necessary for most of the important decisions. These big decisions are ironed in by the consensus rather than by hasty decisions that might not benefit the company. It is a short read but its filled with valuable information

[S Tyty · Rating 5 out of 5]

A book like this one is a must for those in business who are on the lookout for opportunities to scale their businesses.
Sharrers’ book is a sort of guide where his very own experience, real-life stories, pieces of advice, plenty of tips and strategies and step-by-step actions to take are combined to help others thrive.
The Second CEO is not only meant for newbies but also for those who are already in the business. Sometimes, it is not easy to move ahead or to overcome our personal limitations. Those dissatisfied with their current performance can now start fighting against the invisible forces that have conspired to hold them down.

[Gianfranco · Rating 5 out of 5]

Life Goal

To be honest, books like these motivate me to keep moving forward with my work, but they also help me be more strategic and set medium- and long-term goals to reach a position like that of the Second CEO.
The best part of this book is that the author presents everything from the experiences and perspective of someone who has held the position, and therefore has anecdotes, comments, and reflections on every action one takes along the way.
What I take away most from this book is definitely the mindset change it generates in anyone who gives themselves the opportunity to read it; it's impressive. Thanks to this book, I feel very motivated.

[Mayra · Rating 5 out of 5]

I see this book by Matt Sharrers as a highly recommendable guide for a founder in the CEO role to success in the field. All along the book, the author delivers appealing and rich insights into navigating this unique transition, respecting the founder's legacy and establishing one's own vision, at the same time. I like the fact that there is a systematic roadmap, which makes the way to growth and promotion so much easier to follow. A point to highlight is the fact that this is an interactive book that invites readers to create their own plans, making it a practical resource for aspiring and experienced second CEOs. A book to keep at hand for further reading and to recommend. 5 stars.

[Daniel Moreno · Rating 5 out of 5]

This book is very valuable. For all those who are about to face being CEO of an organization, this book fills us with value. This is thanks to the advice that the author gives us, mainly because it is full of experiences lived by the person who tells us the story. This book is easy to read and understand. I am very pleased to think that when it comes to assuming such an important role in a company, I will be prepared because I read this book and it has created foundations in me that I will surely use. I highly recommend this book.

[Santiago Flores · Rating 5 out of 5]

A useful guide

"The Second CEO: Accelerating Scale When Following the Founder" by Matt Sharrers is an essential guide for anyone stepping into a founder’s shoes. The real-life stories and tips from various Second CEOs and private equity investors add depth and relatability.
This book is a must-read for aspiring and current Second CEOs, offering valuable guidance for navigating this unique and challenging transition. It's practical, engaging, and deeply informative.

[Mia C. · Rating 4 out of 5]

"The Second CEO" is a great guide for anyone taking over from a founder. The book is full of good advice and real life stories.
I found the insights on creating your own vision while respecting the founder's legacy very helpful. Also, I believe the tips on avoiding common roadblocks were spot on. The book is easy to read and the interactive format helps a lot. It made me think differently about leadership transitions. I recommed reading it.

[AMAO · Rating 5 out of 5]

✍️✍🏼✍🏽

[Laura Lee · Rating 4 out of 5]

Great book!!

[Emily Bensen · Rating 5 out of 5]

Very dude bro energy author but actually incredibly helpful!

[Margaux · Rating 4 out of 5]

Firstly, a big thank you to Goodreads, the publisher, Advantage Books, and the author, Matt Sharrers, for the privilege of winning a digital copy of The Second CEO in a giveaway. I will also post my review to Amazon and Barnes & Noble.

I will start off my review by stating that I have little experience in business, but always have interest in personal stories of growth and success in hopes to glean insights and motivations from someone’s individual perspective. With that disclaimer, my overall review of the content is fairly limited as my knowledge is limited, but I hope to provide an honest review nonetheless.

"The Second CEO: Accelerating Scale When Following the Founder" by Matt Sharrers is a short and succinct, information-rich text that would be extremely helpful for any executive stepping into the challenging role of succeeding a company's founder. Sharrers offers his insight and life lessons in a collapsed and educational way that feels like a semester’s worth of class truncated. There’s lots of info on leadership transition and is packed with insights on strategies and practical advice that will give new CEOs tools to help them succeed in their new roles and drive growth and success within the company. His writing is engaging, blending theoretical knowledge with real-world applications, making it a really powerful resource on this pretty specific subject.

I kept in mind throughout that writing style, sentence structure, and word choice are coming from someone with a background in business and not necessarily a ton of experience in writing. I’m not sure that detailed, flowery language is necessary or desired in this kind of text, either. I appreciated the conversational tone and flowing, bulleted nature. Too many anecdotes and examples can make books like this a slog to get through, as sometimes the people writing are more interested in showing off their skills than teaching them. Sharrers has a great ability to give you the information without being too verbose. The anecdotes and examples that are brought up feel especially relevant and poignant.

Sharrers adeptly distills complex concepts into actionable steps (“Key Accelerants” at the end of each chapter) and provides a roadmap with options for building trust and company culture, establishing credibility with colleagues and clients, and driving change within and without. He emphasizes balancing respect for the founder's legacy with the need for innovation. The book's structure seems logically thought-out and well-organized without being robotic or boring. Sharrers also highlights the importance of personal growth, self-awareness, and emotional intelligence, making the book a valuable read for anyone interested in improving in these areas, even if they aren’t in an executive role or even in business.

I’d recommend this book to anyone who is in an executive role and/or hoping to move up, move forward in their career, anyone looking to improve their social skills within their workplace, and anyone looking for actionable steps on how to build resilience and success in a new position. This is a great, quick, knowledge-packed read.

**Read via digital copy thanks to Goodreads giveaway**