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Introducing the Entrepreneur Scan

back hand scan

When you have a business, it is only natural that you try to examine it. We all know that the more information you have about something, the more significant your chances of making correct decisions for the business.

Entrepreneurs scan their business often, even though many already know their ventures like “the back of their hands.” When you think about it, the cliché “knowing the back of your hand” is a bit false.

back hand scan

In fact, only a few of us know how the back of our hands really looks. We just think we do because we see it every day. However, we also take that view for granted, and very few of us can honestly say that we have memorized every detail of the back of our hands.

The Business Case

How does that connect with how entrepreneurs look at their businesses? Well, most entrepreneurs nowadays want to believe that they know every detail of their ventures. But the truth is, very few do. You see, there are disadvantages to being the boss.

You have to be the Chief Everything Officer. Yet, in reality, there are plenty of details that can slip by while you handle other, more pressing matters.

Heard It Thru the Grapevine, Or NOT

For one thing, the boss always seems to be out of the grapevine. The boss hardly ever gets wind of any trouble that goes on in the workplace. It also means that there may be some problems that the boss will not be able to know unless the entrepreneur scans his environment.

So how should entrepreneurs scan their environments? Well, a good idea is not to act like a drill sergeant and start shouting down your employees to get the answers you need.

For one thing, it shows that you mistrust your employees and this would only keep you out of the loop, as it were. Another thing is that you cannot expect to get the information you want this way. With intimidation, you only get the information you want to hear, not the information you need.

You should let your employees feel that they can trust you. Be one of the team. However, be sure that you do not cross the professional boundaries that exist in every workplace. [for more on building team trust click here]

You should show your employees that you are the kind of person whom they can come to for any problem. Remember that any small issue of your employees can affect the way you do your business.

Further, you need a systematic accountability process. You must inspect what you expect.

Now, you know the proper way entrepreneurs scan their businesses through the employees. But there are, of course, other factors to consider so that your business is the best it can be.

Look Inward

You also need to assess yourself. What kind of entrepreneur are you? What are your strengths and weaknesses? How well do you handle the business and everything else that the world throws at you?

Remember that sometimes, we are not the best judge of our character. We tell ourselves a story about who and what we are. That becomes our sense of identity. But what we do and how others perceive us becomes our reputation. It is the reputation you must change, not your identity.

Most entrepreneurs scan their characteristics by getting an outside opinion. This opinion, of course, should not be biased to be helpful to you (your spouse is not a good source). You need to have someone tell you to your face all of your faults and give you credit for your abilities.

Look Outward

Entrepreneurs should also scan their environment. What are the potential markets available for their business? What threats out there can affect their business? Entrepreneurs examine the situation around them because it is one factor that they cannot control.

All you can do when something in the environment, whether opportunity or threat, takes place is to adapt to it. The change means that you have to be able to prepare for any contingency. It is necessary to plan to succeed. But you know that, right?

Entrepreneurs scan the market for any signs of behavioral changes that could mean the collapse of their business. Why do you think that chips and sodas develop different flavors all the time? People change all the time. One example is a change of preference. If a market gets tired of your product, you would be in considerable trouble.

Be Sure to Adapt

You need to adapt your product to the trends of the present. Anticipate future changes and do your best to prepare. However, you also need to remember your past. Sometimes, people dislike changes that a company or product goes through and, as a result, takes their business elsewhere. Ensure the continuing legacy of a good product if you think you have one.

Is Your Project a Self-Eating Watermelon?

self-eaten watermelon

What is a self-eating watermelon? Definition : A project that contains enough seeds of success right within its own boundaries.

How many of you work for or in a self-eating watermelon project or organization?

self-eaten watermelon

I doubt many would say yes. You see I hear a lot of excuses why a project fails.

Outside influences get a big part of the blame. Low budgets, poor facilities, bad technology, broken tools, weak ideas… the list goes on and on.

What about bad leadership, or no leadership? Any organization that suffers a leadership gap is destined to miss the self-eating watermelon kind of success.

Great leaders can overcome basic obstacles. OK the tools may be dull, the budget may have gotten cut back, the building is second rate. Many great world changing events have happened with far less in terms of physical resources to do the work.

An Old Story

Leadership made the difference. I’m old enough to have been a student of the great war, WWII. Leaders like Dwight Eisenhower or Britain’s Prime Minister, Winston Churchill looked at the mess the world was in and saw a vision. They dug deep into core principles both human and domestic to design the way out.

Leaders like these inspired thousands to stand up and fight. Troops fought with second rate gear sometimes. Warm clothes and rations were scarce. Yet the forces that were mustered heard the call and forged ahead, securing victory for a free world.

If you get a chance, go tour Churchill’s bunker underneath the streets of London. By today’s standards, you just cannot imagine suffering years of isolation running the war effort from there. But his team and the plans they made were a true self-eating watermelon project. The seeds of success were grown right there.

Those who helped the effort saw a clear picture of the need. Churchill had his detractors. He was a classic modern day politician with a large percentage of the country not voting for him, yet his leadership shined brightest when the country needed it the most.

He rallied the support when it was needed. His influence on the situation was undeniable.

The Newer Story

A seldom told tale comes from banking. In the 1980’s, the automated teller machine was blazing its trail into our lives. The hardware was operating before the software. While each bank could purchase their own machines for use by their customers, there was no access sharing between banks.

I worked for a large regional bank called Texas Commerce. We had 71 locations spread across Texas. We were one of the three largest banks of our kind at the time. You have to realize we did not yet have interstate banking laws, so each state had its own banks; leave the state without cash, and you might be stuck for a while.

I was sitting at the table when our Chairman, a banking legend named Ben Love, was presented a plan to operate these ATM machines. Again, understand this was the very early days of the idea. Ben heard all of the pros and cons, saw the numbers, but decided to pass on the opportunity. In his mind, there were far too many variables, yet unknown.

In the case of the self-eating watermelon, no one knew what the seeds of success needed to include. Ben took a pass, but specifically told the team to stay vigilant, watch the other guys try, then, when the time was right, we’d jump in.

It was almost two years later that we took our dive. And dive we did. Not only did we enter the market, but we crushed it, becoming the founding members of the PULSE Switch. You see the network required to connect all of these machines needed to be built. We needed a technological super highway to carry the transaction data from one machine to the next, regardless of which bank sponsored the machine. PULSE solved that.

As a founding member of PULSE, we also captured a large share of the transaction fees that went with each swipe of a card. It was a huge play for the bank and banking in general. Yes, I know ATM’s are a given these days. No one thinks about this card or that, which network it runs on, or who gets what, when. The old model blazed the trail to create a new normal.

Ben Love had other historical accolades too. He championed branch banking and interstate banking, exerting a strong influence in the Texas legislature to pass the laws needed to open the borders for eventual e-commerce. His ties to New York banking led to the eventual merger of our bank with what is now JP Morgan Chase.

Ben Love

The seeds of this monumental success were sown into the very fabric of who and what we were as a bank. That, my friends, is leadership. Now, let it be said, Ben Love had his detractors too, just like Churchill. Not everyone who ever worked for Ben left with a positive appreciation for Ben’s ways. But you cannot deny the influence he had at so many levels.

Leadership Is the Key

In summary, there are no self-eating watermelon projects or organizations that exists without strong, capable leadership. It is the presence of leadership that steers the course, musters the resources, and wins the day.

You can be a manager, flipping switches, making a few things happen. But leadership takes the venture much further than mere management can.

If your project needs a few self-eating seeds implanted, call me for some ideas on ways to grow your team into this self-actualizing champion of your industry. You can grow your leadership ability, let me show you how.

Footnote: I was introduced to the “self-eating watermelon” terminology by Kent Cummins of Magic Hotline. Kent is a renown speaker and author.

Entrepreneurship Coaching And Mentoring – Blog And Podcast

Entrepreneurs make up the vast majority of our world economy. While corporate giants fuel activity in many sectors, it’s the grind and grit of dedicated individuals who make the world turn.

Entrepreneurship is not new. Having your own business goes back for centuries. Think of the market scenes in great old movies you love. Every one of those street vendors was an entrepreneur.

Entrepreneurship Coaching and Mentoring

Even some of the large name brands you know today started as entrepreneurs.

  • Ray Croc and McDonald’s
  • Steve Jobs and Steve Wozniak at Apple
  • Bill Gates
  • The list goes on

Starting a Business

However, starting a business is not for the faint of heart. It takes dogged determination to make your idea fly. Once the new idea starts generating revenue, you immediately get challenged by the need to understand how to operate the business. Entrepreneurship develops into a much bigger view than just the simple idea you started.

This is where finding resources to help you run and grow your business becomes so critical.

I’ve been coaching business owners for decades. First, as a commercial banker, I met dozens of owners who needed help getting to the next level. Then as a business consultant, I helped companies and their leadership teams find new and better ways to make the business grow.

Today, I am still coaching, advising and consulting with clients, but I’ve broadened my own reach by writing my blog “Leadership Powered by Common Sense”. I also produce a sister lineup of podcasts and video content that follow the articles published in the blog.

These resources along with many of my checklists, tools, and ebooks are offered free of charge. Just hop over to the home page and browse through the pages of the blog to find links for the various resources you can grab.

Finding Bigger Success

You started your business to fulfill the dreams and goals you had.

  • Creating time for family
  • Leveraging your expertise or passions
  • Creating independent wealth
  • Creating something that makes a difference

All of these are great reasons to become an entrepreneur. But it takes doing the right things to make the dream come true. A business coach can help you get there faster than your own trial and error. Plus, it costs a lot less in the long run. Often I can show a business owner a win in the first few meetings that is valued at 5x or 10x over my fees.

Why not join thousands of others who are following my blog and podcasts? Click here



Leading Change: An Old Model Reveals New Ideas

Overcoming change

Business leaders know the challenge it can be to lead change. When there is a new announcement about something changing, you can often hear the groans that arise.

Overcoming change

Work teams of all kinds resist change. Understanding ways to overcome the resistance can be a leader’ s best answer in times of change.

As I’ve mentioned before, managing change can be very darn difficult. Within the body of change management that is so readily available, much has been written about overcoming resistance to change. I have found one particular explanation for ways to overcome the resistance, that makes things crystal clear.

In the 1960’s David Gleicher put forth a comprehensive explanation of the theory of change. Others after him altered his work slightly but gave credit to him as the creator of this view. Here’s what Gleicher said.

Three factors must be present for meaningful organizational change to take place. A formula for overcoming resistance to change looks like this:

D x V x F > R

These factors are:

D= Dissatisfaction with how things are now;

V= Vision of what is possible

F= The First, concrete steps that can be taken towards the vision;

By multiplying these three factors, if the product is greater than Resistance, then change is possible.

Because D, V, and F are multiplied, if any one of the factors is absent (zero) or low, then the product will be zero or low and therefore not capable of overcoming the resistance.

To ensure a successful change it is necessary to use influence and strategic thinking in order to create a vision and identify those crucial, early steps towards it. In addition, the organization must recognize and accept the dissatisfaction that exists by listening to the employee voice while sharing industry trends, leadership best practices and competitor analysis to identify the necessity for change.

Let’s Unpack the Factors

Dissatisfaction –  When dissatisfaction with the current state is present, change can be easier. We deal with these kinds of change every day. If the temperature is too cold, we turn on the heat. If it’s too hot, we turn on a fan or an air conditioner to cool us. In these simple examples, resistance to change is practically zero because the dissatisfaction is so high.

In a job setting the dissatisfaction is harder to identify and measure. If your team’s computers are getting old and outdated, they perform poorly. Sometimes they freeze. The need for change can be obvious. So you offer a chance to upgrade technology. Resistance might be low.

However, when you change a computer system seeking some other goal, the work team may resist that change. When the perception is things are working well, a change can see a greater resistance because dissatisfaction is low.

Vision –  The leader’s ability to paint the best vision picture can be one of the greatest strengths. People can and do rally around a good vision for the future; a look at what could be. You can be operating with very little dissatisfaction, but have a vision for something greater and still overcome resistance to the change.

Mergers and reorganizations come to mind. The leadership sees an opportunity for something much greater so an announcement is made about reorganizing or merging entities. The natural response from the staff is resistance. Yet when the vision is presented well, with great conviction and quantifiable gains for everyone, the resistance can be overcome.

Forgetting to add the proper vision when driving change can create the zero value in this DVF>R equation, thus making resistance too great to overcome.

First Steps – Being able to reduce resistance can actually be easier than we think. Taking solid, specific first steps toward the change can create the momentum you need to break through the resistance and effect change.

The first steps are often forgotten as critical to successful change. The big transformation project gets mapped out, but the first steps are merely buried in the details with little if any focus and intention.

Successfully managing change requires focused effort to get the first steps right. Again, having zero impact with first steps could negate the whole equation, keeping resistance high, keeping change from happening.

Conclusion

When you are faced with a leadership challenge for change, think about this simple formula. Review the three elements present in your own situation. Do what you can to enhance and control the factors so that your ability to eliminate resistance is effective.

Once the resistance goes way or at least gets minimized, you have a much greater chance of making change happen.

Think about your own experience managing change. Test this theory and review where the gaps occurred. I think you will find the model holds true. Focus on the three components described here and you will greatly increase your own effectiveness leading change.

What do you do to overcome any resistance to change? Share, leave a comment.

Originally posted on DougThorpe.com

If you enjoyed reading this article, please recommend and share it to help others find it!

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Here’s the View from My Seat on the Bus

My seat on the bus

Managers at various levels struggle with common issues. Regardless of the industry where you serve, leadership challenges are very similar. There are some common themes I see played out time and time again. This article will explore those themes. But first, a story.

Once upon a time, there was an old man who used to go to the ocean to do his writing. He had a habit of walking on the beach every morning before he began his work. Early one morning, he was walking along the shore after a big storm had passed and found the vast beach littered with starfish as far as the eye could see, stretching in both directions.

Off in the distance, the old man noticed a small boy approaching.  As the boy walked, he paused every so often and as he grew closer, the man could see that he was occasionally bending down to pick up an object and throw it into the sea.  The boy came closer still and the man called out, “Good morning!  May I ask what it is that you are doing?”

The young boy paused, looked up, and replied “Throwing starfish into the ocean. The tide has washed them up onto the beach and they can’t return to the sea by themselves,” the youth replied. “When the sun gets high, they will die, unless I throw them back into the water.”

The old man replied, “But there must be tens of thousands of starfish on this beach. I’m afraid you won’t really be able to make much of a difference.”

The boy bent down, picked up yet another starfish and threw it as far as he could into the ocean. Then he turned, smiled and said, “It made a difference to that one!”

adapted from The Star Throwerby Loren Eiseley (1907 – 1977)

You might be the One

If you have management responsibility, you have control over certain situations. Keeping your eyes and ears, heart and mind open to new ideas just might make YOU the one who can make a difference.

We who attempt to provide coaching services to executives and business owners operate like the little boy on the beach. Yes, there are thousands of professionals who go to work every day, trying to do something right. For managers, you model your behaviors after others or you “fake it ’til you make it.” Those of you in executive roles have an even greater burden to establish vision and guide direction, navigating troubled waters.

Occasionally, someone in a leadership role, whether elected, selected or neglected, decides to ask for some help. You know there is more, but you have no idea where to go or how to get there.

Manager Challenges

As I meet with clients, here are some of the common themes I hear.

I want to do something really different from where I am but the company culture won’t allow it. First let me say, how sad an indictment. When a well-meaning manager feels so bound by the culture that they are afraid to act, you have a pretty lousy culture. No empowerment. No inclusion. And even less diversity.

I tell these folks to be bold and ask for the ear of their boss. Share openly, but candidly without making threats or pointing the finger as to blame someone. Instead make it a suggestion i.e. use a “no harm, no foul” spirit in the discussion. Don’t challenge the boss but offer your idea as an observation and suggestion.

I have no clue what I need to do next. Truer words have never been spoken. But few managers ever come close to saying this out loud. Finding the right Master Coach may be a huge blessing. Why? Because speaking the truth about your situation may be the fastest way to resolution and achievement. You cannot make a change if you don’t name the issue.

I am so busy, some things just have to wait. There are busy calendars and there are effective people. Usually, both never meet. Said another way, when I see calendars booked 2 deep, I seldom see a powerful, influential leader.

overwhelmed

Instead, I find a frustrated, tired, and burned out human being. How does your calendar look? Have you found effective ways to better manage the demands on your time?

It’s time to get serious about delegation. There are likely many things you can ask others on your team to do. Trust them and let them fly.

Free up space on your calendar to reflect. Create some margin in the time you have each day. 

The solution is not perfect, so I need to wait before executing the plan. It has been said that Perfect is the enemy of Good. I believe that. While I’d never advocate for going off half-cocked and ill-prepared, I’ve seen far too many projects stifled by over-thinking in the spirit of perfection. You won’t ever achieve perfection.

Perfect is the enemy of good.

Even the Appolo moon shots had some degree of chance in the tiniest of components.

I need to figure out how to be like George or Sally. No, you don’t! There is only one of you and that job is taken. Become the best version of YOU. Forget matching up to others. Give yourself the freedom to act as you know best. Sure, get good data and be informed about your decisions, but don’t let someone else’s personality or style impact who you need impact. Stop comparing to others.

These are just a few of my observations. Hope you enjoy. Feel free to send me your favorites. I am sure I’ll have a story to match up.

Stuck Right Now? Here’s How to Get 3 Levels Beyond

Are you feeling stuck? It’s like walking in quicksand. You can’t make any forward progress.

We’ve all been there before. This feeling is a common event in most people’s lives. As the chapters of life unfold, there are moments when everything seems to just get stuck and you start to lose the vision of the way ahead. Some may think of this as drifting through life.

The future vision is missing, lost, or forgotten. You just want to make it through another day. You, my friend, need to know there is more waiting for you. Here are three steps to get past feeling stuck.

The Shift

First, you need to make a shift. There needs to be a disruptive force or series of events that can shake things up. Mostly this is a shift that needs to happen in your mind; the way you are thinking needs to change.

I see so many people every day who are stuck in their mindset. Their head is filled with negative, limiting thoughts. “I can’t do that”, “I am too weak”, “I don’t have that skill”, “I don’t know that subject”.

You may also need to shift the people who are around you, especially if they serve to enforce those negative thoughts. If you speak a limiting thought and they agree with you, they are not being any help. Find some new friends.

Start growing away from old, bad thoughts. Read new books, watch some TED talk videos, open your mind to new ideas. Get a refresh!

By engaging a shift mindset, you can begin to pull out of the muck where you are stuck.

The Lift

As the shift builds momentum, you will get a feeling of lift. Just like the wind passing over the wings of a bird or an airplane, there is lift. The whole body rises into flight.

Pressure and stress will ease. Old burdens will fall away and you will feel a growing energy.

Lift creates a move to new direction. You sense a freedom of thought, action, and purpose. You are renewed.

The Gift

As you rise above the old state of mind, you achieve a newness; a renewed sense of purpose. You get a fresh look at the world ahead. Empowered by the new energy you will become a gift to those around you.

As a manager and leader, your fresh view of things can become contagious. Your smile and energy will impact others. You can help them begin their own shift out of ‘stuckness’.

If you need help embarking on a life change like this, I’d be happy to explain my coaching programs. I’ve helped hundreds of seasoned professionals get unstuck.

Owners and Leaders: Why Live a Groundhog’s Day?

groundhog day

In his classic dramedy “Groundhog’s Day”, actor and funnyman Bill Murray plays a hapless TV anchor/weatherman named Phil Connors who gets stuck covering the annual appearance of Punxsutawney Phil, the legendary weather predicting groundhog.

If you aren’t familiar with the legend of the groundhog day tradition, the critter predicts whether there will more Winter or a warming Spring.

groundhog dayAs the story unfolds, we discover it is Murray’s character who must relive each and every day. He starts out being a very self-absorbed, full of himself person.

As the one 24 hour period starts replaying event by event, he begins to see the possibilities of becoming a better person. The inspiration is the “girl” played by Andie MacDowell aka “Rita”.

Phil realizes he must be a much better person in order to win Rita’s affection.

It’s a great story, worthy of adding to your leadership toolkit. Here’s why.

You Too Can Be Stuck

Face it, we all find ourselves occasionally reliving events and circumstances from our work and home lives. The same negative events repeat themselves without positive change.

Our occasional efforts to attempt change work sometimes, but not all the time. That is if your heart is not in the intentional change.

Yet when you commit to making permanent changes, you start making progress toward a better outcome. You might have to let cycles repeat a few more times, but the intentional change can take hold and turn things around.

Experience Drives Future Behavior

It is human nature to let prior experience become a heavy influence on future behavior. This is why behavior-based interviewing is so effective.

When I’m interviewing someone for a new job, I ask them to “tell me about a time when ‘blank’” and then I fill in the blank with an experience that is a key factor in my team’s success.

Examples might be:

  • Tell me about a time when you had to meet a large deadline.
  • Tell me about a time when your payroll system crashed 24 hours before your payroll.
  • Tell me about a time when you had to recover from a data breach.

Prior behavior is a big indicator of future performance. It is not the only indicator but can be a reliable one. For managers and leaders, your own record of achievement can work for you but can work against you too.

However, old solutions might not be suitable for new problems. If you approach things with a groundhog mentality, you might be surprised at how far off you can be.

That is, using the same old approach for a new problem may never make a difference.

Bad Habits Become Big Hurdles

In the case of Bill Murray’s character, his poor interpersonal skills became huge obstacles for winning Rita. She watched him belittle people and is very put off by his horrible demeanor.

It took several repetitions of the same circumstances for Phil (the character) to get it right.

As leaders, your own habits may be big obstacles too. Remember, people don’t really care what you say.

They focus on what you do. Take time to reconsider your approach. If the same old situations keep popping up, maybe it is your approach hindering the change.

Don’t Get Too Comfortable

Living in a comfort zone, whether good or bad, makes for boring results. Repeating the same routine day after day, week after week, and year after year will seldom realize any growth or change.

Making progress toward new goals often involves some element of risk. A little risk might help move the needle.

Plus, we naturally hate change. So keep that in mind. As the leader, you are the catalyst for change. Being an ‘executive’ anything means you execute on the work. Making things happen is change, so learn to embrace it.

The Big ‘So What’

We’ve explored reasons we get stuck on groundhog’s day. What may be your next move?

Do you even know you’re there, stuck in some spin cycle? Why not make an intentional change for new outcomes?

You can make a difference right where you are. The difference can help you, your team, and your home or community. Let Punxsutawney Phil and Phil Connors have their Groundhog Day.

Stop living yours! 


Originally posted on DougThorpe.com

If you enjoyed reading this article, please recommend and share it to help others find it!

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If you want to increase your influence as a manager, business owner, or community leader and learn some valuable life hacks, then subscribe to my private mailing list.

Click here to subscribe right now!

Great Leaders Don’t Set Out to Be a Leader

Seldom does an individual sense the call of leadership at an early age; as in “I’m going to be a fireman” or “I’m going to be an astronaut”.

“I’m going to be a leader” is not usually the designated path. People with innate skills and passions to make good leaders start out with a desire to make a difference. As the graphic says, “it’s not about the role, but always about the goal.”

Leader-role

I spent my early years pursuing a military career. It wasn’t because I liked war; quite the contrary. I wanted to make a difference by serving my country.

Without exception, the other military personnel I met and worked with had the same sense of purpose. They never wanted to GO to war, but they not afraid of the potential outcome should a war develop.

The Servant Leader

Since its inception, the servant leadership movement has been growing. Being a Servant Leader flips the script on traditional organization theory.

Instead of being a CEO at the top of the company pyramid with all the implications of power and authority, the true Servant Leader chooses to sit in that spot, but approach the job with a whole different mindset.

“The servant-leader is a servant first… It begins with the natural feeling that one wants to serve, to serve first. Then conscious choice brings one to aspire to lead.

Servant leaders worry about the growth of the people who report to them. They expect growth of the enterprise through the well-being of the people on the team.

This is radically different from autocratic and benevolent dictator led organizations.

Servant leaders manage by asking questions like:

  • How are you doing (and mean it)?
  • What are the hurdles in your way?
  • What can I do to help?

Opportunity

Great leaders emerge from the dedicated effort to make a difference. As they go about their work, the sense of commitment, direction, and drive are recognized by those around them.

Opportunities open up. Others begin to say “I want that person on my team”.

Why do you think it is that CEO’s with good records move across whole industries to take on new challenges? The proven skills that come from the commitment to make the difference become hot commodities.

New Managers

As a young, first-time manager, your primary focus should be to define the difference you can make. You may have been selected to be a unit manager without ever first wanting the job.

New leader

Now that the role is yours, stop thinking about how to be a better manager and start thinking about the difference you can make for your team.

Leadership will emerge.

As you set about making the decisions needed to make the difference, your natural leadership tendencies will begin to take shape. Day by day, your leadership skills will evolve. Experience will become your best teacher.

When challenges arise (and they will), you can seek advice from those more senior, get a mentor or coach, and grow into the role.

Stay centered on the purpose for your role; the difference you can make.

For more ideas on ways to become a better manager, check out my new book “The Uncommon Commodity

I’ll show simple, common sense ways to build your management and leadership skill sets and grow your ability to make a difference.

Find a Coach or Mentor

For every new level in your career progression, you will need to grow into the role.  I firmly believe rising executives have  abit of fear in knowing they need something more to fit a new role they’ve been given.

mentoring

Few are the leaders who find an easy fit in a new role.

If you are wondering how best to achieve the growth you need, consider enlisting a mentor or engaging with a leadership coach.

Find someone who has been there before. Consult with them to plot your personal growth into the next role.

As you find leadership responsibilities being heeped upon you, take pride in being given that opportunity.

Likely you said you wanted to make a difference. Now the chance is yours.

Feel Like an Entrepreneur?

Two business owners were talking. One was having a pretty good run with his new, and growing business. The other had suffered a series of bad turns and hard luck.

Entrepreneurship

The one with the better business asked, “So now do you feel like an entrepreneur?” 

The other answered “Heck no. I feel like a pile of manure.”

Running your own business is not for the faint of heart 

It takes a whole lot more than a smart new idea to make a business tick. If yours is a wild and disruptive idea (think Uber and AirBnB) you may truly have some potential, but you will quickly find that the details of finding money to make money and managing everything can really be a bigger challenge than you ever expected.

Several times a year I speak to audiences on college campuses. After my talks, I get the usual line of attendees who want to ask questions, make comments, and otherwise share things. 

It never fails that I get a student or two who is convinced they will conquer the business world as we know it with their new idea. I ask them to explain. So far I have never heard anything earth shattering. 

I am not  sure if that is because we don’t teach enough creative thinking or whether we are truly failing to impart the full truth about what it takes to make a business go.

Sidebar: As I write this, it occurs to me that many of the more famous entrepreneurs of our modern era never went to college or never finished (think Gates and Zuckerberg). I digress.

Getting the Entrepreneurial Bug

There are those among us who are natural entrepreneurs. Others get the idea after spending too many years working for others. For me I caught the bug early in life. I watched my single Mom quite a stable, secure job to live her dream. 

Mom was a gifted interior designer. She did that work for other companies before setting out on her own. Slowly but steadily she built a well-respected and thriving business. Solopreneur she was long before that was  a thing. 

I wrote about the 10 things she taught me. See that article here.

I’ve had the opportunity to start three businesses and three non-profits. Each one was a labor of love. Believe me when I say I didn’t do it alone.

Somewhere along the way mentors had taught me one key principle. Ideas are great, but before you commit big resources (and energy) test it with several faithful advisors.

If you can get them interested, then you might have something. Otherwise, it’s just a dream.

To All the Aspiring Entrepreneurs

Here are my simple rules of entrepreneurship.

  1. DO – live your dreams, but be smart about it. Test your ideas with a few trusted advisers. Be open to their honest feedback. Tweak your plan if it looks like you must.
  2. BUT – don’t get totally discouraged. Dogged determination does create some very exciting possibilities. (I still don’t understand how Jeff Bezos survived the first 10 years of Amazon).
  3. EGO – Your ego is good when used the right way. Watch who you alienate as you grow your idea. You will need friends sooner than you think. NEVER take yourself too seriously.
  4. FUN – have fun doing what you decide to do.

What Is Executive Coaching?

Video on executive coaching by Doug Thorpe
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