S2 E7. Relationships Over Profit : The Entrepreneur's Journey With Tom McCarthy

July 13
41 mins

Episode Description

What if the biggest issues in your business aren't the immediate crises you see, but the procedural errors that happened five steps prior? In this episode of Origin to Ambition, Sean Dunne sits down with Tom McCarthy, co-founder and director of Husset HR.

With a background forged in the high-energy world of hospitality and 15 years in business consulting, Tom shares the realistic, unvarnished story of building Husset HR. He discusses taking the leap of faith in his mid-20s, the "rude awakening" of the early years, and celebrating their first major client contract with champagne at Siglo while quietly wondering how they would pay for it.

Tom explains the core philosophy behind Husset—the human asset—and why they chose an implementation-focused, fixed-fee partnership model over traditional, hourly consulting. He breaks down the importance of root cause analysis, why "relationships over profit" is a sustainable business values framework, and the challenges of transitioning from a hands-on "operator" to an "owner" while trying to balance the high highs and low lows of what he describes as a "wild" entrepreneurial journey.

Connect with our guest, Tom McCarthy:

Website: Husset HR

In This Episode, We Discuss:

  • [01:00] – Tom's hospitality background and how the service mentality translates to professional consulting.
  • [02:24] – The winery dream and his early paper round at age 12.
  • [05:38] – Shifting from Greek literature to economics and finance at university.
  • [07:09] – The birth of Husset HR: Partnering with small businesses through fixed-fee, active implementation.
  • [09:28] – The "Five Steps Prior" Framework: Addressing the root causes of business problems rather than just treating the symptoms.
  • [12:37] – Taking the leap into self-employment in his mid-20s.
  • [15:00] – Celebrating the first win: Champagne at Siglo and the importance of recognizing milestones.
  • [18:25] – Sales is not a dirty word: Relentless prospecting and learning from different clients in the early days.
  • [22:00] – The power of a peer-to-peer founder support network for navigating the tough days.
  • [25:59] – What motivates Tom: Staying out of the 9-to-5 desk and building something tangible.
  • [27:41] – Core values: Relationships over profit, and supporting clients through crises like COVID-19.
  • [33:32] – The next 5-10 years: Solidifying Husset HR as the mid-market leader for people issues.
  • [35:56] – Transitioning to "owner" mode: Reclaiming time and the reality of slowing down (the "440" concept).

Key Takeaways from the Conversation:

  1. Analyze the Root Cause (Go Back Five Steps): True operational improvement doesn't just address immediate crises (like unfair dismissals); it analyzes the systemic breakdowns (poor training, lack of communication) that allowed the crisis to happen.
  2. Focus on the "Human Asset": A successful business must balance profitability with the genuine care and support of the people who build it.
  3. Prioritize Relationships Over Profit: Choosing long-term partnerships over short-term transactional gains builds resilience and loyalty during market challenges.
  4. The "Operator" to "Owner" Transition is Hard: Reclaiming your time requires implementing scalable systems and delegating responsibility, even if the transition is challenging.
  5. Leverage Peer Networks: Surrounding yourself with other founders who understand the high highs and low lows is vital for navigating the isolating moments of business.

Connect with Sean Dunne & Origin to Ambition:

Website: https://dominiumcapital.com.au/dominium/

LinkedIn: https://au.linkedin.com/in/sean-dunne-76067429

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