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Leading With Talent: What Entrepreneurs Can Learn From Broadway

Episode XXX
March 29, 2023

https://cdn.buttercms.com/j66VwDGoTYWQYn6RnkuC

Hosted By

Dan Sullivan, Co-Founder of Strategic Coach® Dan Sullivan
Jeffrey Madoff Jeffrey Madoff

In this episode of “Anything and Everything,” Dan and Jeff discuss the similarities between producing a hit musical and running a successful business. As Jeff’s play, Personality, moves toward its opening at the Studebaker Theater in Chicago next summer, he shares insights into talent management and the importance of collaboration for success. As the two experts draw parallels between the theater industry and entrepreneurship, they offer valuable lessons for business leaders looking to create triple threat teams and achieve success in their own ventures.

Show Notes:

  • Dan Sullivan and Jeff Madoff discuss Jeff's play Personality and its journey over the past three years.
  • The play will be showcased for twelve weeks at Chicago’s Studebaker Theater.
  • The audition process includes actors submitting audition materials online, including song performances and script readings.
  • In-person auditions take place after the online elimination process, with several applicants being called back.
  • The team in charge of selection for the play includes Jeff Madoff as the playwright, Sheldon Epps as the director, Shelton Becton as the musical director, and Edgar Godineaux as the choreographer.
  • The play requires actors to be a "triple threat": good at acting, singing, and dancing.
  • Actor Hugh Jackman is mentioned as an example of a triple threat talent, with charisma and an elusive star-quality “X-factor.”
  • The play is based on the life of Lloyd Price, a crossover artist who serves as the bridge from a previous genre of music to Rock'n'Roll in the early 1950s.
  • His song "Lawdie Miss Claudie" is considered one of the cornerstone songs of Rock'n'Roll and was the first record by a teenager to sell over 1,000,000 copies.
  • Lloyd Price was also the first musician of any color to start his own label and the first Black person to open a nightclub below Harlem, The Turntable.
  • The play aims to showcase important moments in history, particularly the youth and civil rights movements of the time.
  • Dan Sullivan compares producing a play to running a business, as there are various stages in production, marketing, and product development.
  • One challenge in producing a play is the need to constantly change and adapt based on audience feedback and available talent.
  • Dan explains how he thinks the theater analogy is a good one for business, where a lot of invisible backstage activity makes for a great customer experience on the front stage.
  • Sometimes people show up for job interviews and immediately betray that they know nothing about the business; other times they seem “too perfect”—which is a gut instinct to listen to.
  • The right candidate will have done their homework and demonstrate that they actually care about what you do.
  • When you’re so practiced that you can’t get it wrong, a new level of listening skills comes alive.
  • Dan discusses a time system for entrepreneurs that resembles the way performers and athletes prepare and rejuvenate themselves.

Resources:

Jeff Madoff - https://acreativecareer.com, https://madoffproductions.com

Dan Sullivan and Strategic Coach - https://strategiccoach.com

The Entrepreneurial Time System (book) A detailed look at the Free, Focus, and Buffer Days model Dan discusses in this episode 

Episode Transcript

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