Rick Smilow – Insights from Entrepreneurs at Westport Library 5.17.12

Between hearing Rick Smilow, president and principal owner of NYC’s Institute of Culinary Education (ICE), on Thursday night, then hosting a group of friends on Friday night over a potluck supper, the prevailing wisdom I heard was surprising when it came to employees.

Smilow was the second featured business owner in the Insights from Entrepreneurs series being put on by the Westport Library. NPR journalist Alison Freeland conducted another engaging interview, particularly because she had thrown away all the questions Rick had sent her to be asked.

The two covered what it takes to be an entrepreneur (by Smilow’s definition)– ability to change gears at least 10x per day, drive, energy, adrenaline, plus a good idea; his background at Nabisco and his choice of product category–culinary education; the collection of businesses he didn’t buy–a nail polish company, a hosiery company, a modeling school franchise; and the series of coincidences that led to his taking on ICE.

What I found most intriguing during the interview was the discussion around hiring and firing and the culture one creates in a company. He took ICE from 15 employees to 175. Mistakes were made along the way that led him to develop greater discernment around hiring. More than once this successful entrepreneur alluded to some  roll-the-eyes experiences he’d had prior to finding his current CFO. “Don’t be so trusting,” he warned. Sometimes the people who appear to be the most honest turn out not to be. Smilow mentioned having a gut feeling early on and not trusting it because the guy seemed so good.

That’s where the discussion picked up at dinner on Friday night. I was talking about this topic with the men and women at the table, one of whom was recently hired at a company with a strong culture. He, too, was familiar with the proviso to beware the ideal employee.

Not being from a corporate environment I wanted to know more.

It seems that often a person performing at the highest level, and who appears to be the most loyal, trustworthy and reputable person, may be covering up less than ethical behavior. We know that life is complicated, so something that seems too good to be true often is. Someone covering up the minor inconveniences and mishaps of everyday life may have a competing agenda.

I’d love to hear your experience around this. It reminds me of the saying “the lady doth protest too much.” Who might need to be always demonstrating their loyalty, talent and commitment without the dailiness and humanness of being imperfect? Any gut reaction?