Listen "#219: Why Most Business Owners Stay Stuck Solving the Wrong Problems | Philip Hipskind"
Episode Synopsis
Many business owners believe that deep expertise alone will carry them through entrepreneurship. For many, that belief becomes a blind spot once they step outside the structure of a large organization. In this episode of Self-Made Is a Myth, Coach Tim Campsall sits down with Phil Hipskind, founder and CEO of Lgenia, to explore the transition from a successful 30+ year career at Eli Lilly into building a mission-driven biotech company from the ground up. Phil shares the realities of earning credibility, navigating funding, recruiting rare talent, and learning business skills in real time. If you are carrying the weight of responsibility, operating in a complex or specialized industry, and feeling the pressure of growth without clear systems or support, this conversation will challenge how you think about leadership, learning, and building a business that makes an impact without burning you out. ⸻ What You’ll Learn in This Episode: • Why strong foundations matter more than speed in both science and business • How asking questions and seeking mentors accelerates growth • The hidden challenge of recruiting highly specialized talent • How to lead calmly when pressure, uncertainty, and chaos show up • Why purpose-driven companies attract better people and better outcomes ⸻ Looking To Scale Your Business: Did you know that only 9% of businesses make it to $1,000,000 in revenue and less than 1% get to $5,000,000. The reason is that the hustle and grind that got you to $1,000,000 needs to shift to scaling strategies to go beyond. Book a Discovery Call now to learn how our ActionCOACH Business Operating System (ABoS) and coaching helps you to get unstuck and thrive to realize your personal and dreams and business goals. https://tbcactioncoach.com/discovery-zoom-call/ Sign up for our weekly business tips https://tbcactioncoach.com/resources/email-signup/ ⸻ Timestamps: (00:00) Welcome to Self-Made Is a Myth (01:10) Phil’s background and path from Lilly to entrepreneurship (02:06) What it means to “collect hobbies” and why curiosity matters (06:03) Starting Legenia and learning business as you grow (09:06) What Legenia does and why early-stage drug discovery matters (13:13) Credibility, funding, and earning trust (16:02) The challenge of finding and keeping the right talent(21:09) Asking questions and getting help sooner (24:10) Leadership mindset during uncertainty (28:18) Recruiting without damaging culture (33:08) Mentorship advice for founders who feel stuck(36:05) Gratitude, reflection, and redefining retirement
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