Archive for Learning
What’s Holding You Back, Part II
Posted by: | CommentsIf you didn’t read part one, scroll below (if you’re on the blog right now) or click on the following link>> (if you’re reading this by RSS).
Note: If you didn’t answer the question from the last post, “What are the major constraints that are hindering me (and my business/organization) from achieving my (our) potential?”, then make sure you do so before proceeding any further.
Okay, so you’ve now identified your major constraints (and as I said last time, they could be external or internal, mental or physical, systemic of situational). They could be a person or a process, a self-limiting belief or a financial limitation (for example).
The next thing you want to do is order them. You want to take each constraint and ask the question, “Where does this constraint come in the priority list of which constraint needs to be solved first?” In other words, you want to play each constraint off the others as you seek to find the major constraint that needs to be solved first.
I liken this to a playoff system (brackets) you see in sports. For simplicity’s sake we’ll call constraints “C”. So you play C1 vs. C2. Let’s say C2 needs to be solved before C1. Then you play off C3 vs. C4. Let’s say C3 needs to be solved before C4. Then you playoff C2 vs. C3 and let’s say C3 needs to be solved before C2 (which means it has to come before C1). You now know what has to happen first. In other words, once you work through this process, you’ll quickly know what the major constraint is for you (or you and your business) this year.
Using the four constraints listed above, it would be understandable to think that you need to solve the financial problem first. But that might not be true. It may be because you don’t have a systematic and methodical process in place to acquire new capital. However, it may be that the reason you don’t have a systematic and methodical process in place is because Sally is in charge of that area and she’s not very competent. She’s been at your company for ten years, she’s loved by every one, but she’s incompetent. You know you ought to let her go, but you haven’t pulled the trigger yet. Why?
Ah, it’s that self-limiting thought that keeps you from changing her out. It may be a belief that letting Sally go will demoralize your team. Or the belief that, “If I just give her some more time and training, she’ll succeed” (which could be true, but hasn’t been for the past five years). Or it could be the belief that, “She’s a single mom and she needs our help.” Or it could be the belief that, “Maybe in a year another position in our company will open up and I can move her over there.” Etc. We all have them. And those self-limiting beliefs do get in the way of making good business decisions.
The beauty of working through this process is that once you play this game, you’ll often find out that what you thought was the major constraint (in this case, “We don’t have enough access to capital”) may, in fact, not be the most important constraint to solve first.
So, before I give you the next step, why don’t we stop here for today. Take out your list of constraints and order them. Play them off against one another and see if you can reduce your constraints down to a handful of the most important constraints to solve first. And most importantly, make sure you identify what the first constraint is that you need to solve before any others!
To your accelerated success!
New Free Report on Fast Growth Released Today!
Posted by: | CommentsWant to Know How You Can Immediately Begin to Grow Your Business Faster Than You Ever Have Before—While Increasing Your Ability to Lead It More Effectively?
If so, you’ll want to immediately get your hands on the new free report I just released today entitled, “The Seven Secrets of Fast Growth Companies.”
Inside it you’ll discover,
• The number one differentiator between slow and fast growth companies
• The two key elements you need to use to create a fast growth culture
• A simple practice that can radically reduce the time it takes to implement anything
• A lesson from a Harvard professor that can change the way you think forever about your products and services
• A top team practice that can change any meeting you run—and make it more effective.
• The one metric you need to use before choosing any growth idea if you want to be an accelerated growth company
• How you can create a business that’ll scale fast
• How to avoid letting your market think you’re just like “everyone else.”
• How you can create a business that works 24/7, especially when you’re not around.
• And the number one mistake that most CEOs of small and medium-sized make
To get your copy immediately, just fill in the form in the right hand column entitled, “Interested in the 7 Secrets of Fast Growth Companies?” and then click the submit button, “Send it to me now!”
Then after you read it, post your comments below!
Want to Get the Truth from Your People?
Posted by: | CommentsAs a leader, you want to believe your people are telling you the truth–but are they? Though some of us as entrepreneurial leaders have always been our own bosses, chances are you were at some point an employee. So, when you were an employee, did you always tell your boss the truth?
I’m not talking about lying (hopefully, you didn’t do that). I’m talking about telling the whole truth. 
For example, did you tell your boss what you thought your boss wanted to hear or what you thought needed to be said? Or when your boss asked, “Are we all on board?” were you willing to risk saying to your boss and the rest of your team, “I’m not really in agreement!” Or when you heard that other people in your organization expressing some frustration with your boss, were you willing to tell your boss, “Hey, I think you’ve got a problem!”
If you’re like the vast majority of people, your answers to the above questions were, “Not really.” If that is true of you–and you have leadership capabilities, why would you ever think that your people are always telling you the truth?
Now, this may seem self-serving (it’s not intended to), but this is one of the main reasons why you should regularly hire outside consultants. I’m always amazed at what employees tell me when I do my initial rounds of interviews with new clients. Some of what they say is predictable–but not always. Frequently, CEOs are surprised to find out what their people really think.
For example, we may think that we’re being a great boss by giving them lots of freedom, but they may be interpreting it as, “He doesn’t really care.” Or we may think that when we took the time to create, as a group, a new mission, vision and values statement that we did a great job. But they may be thinking, “This is just window dressing so she doesn’t have to deal with Joe and Judy and their lack of performance.”
Or we may think we’re doing a great job coaching our team because we give them lots of ideas and feedback, but they may be thinking, “I can never do anything right for him. He never says, ‘Great idea. Run with it!’” Or, we may be completely unaware that our non-verbals are communicating loud and clear, “I’m not listening to you.”
Throughout history, very few people have been willing to speak into power. It always has been and always will be. Though you and I will occasionally find some senior staff who will tell us the truth, most won’t. So don’t be surprised.
As you may know, one of the first steps toward creating change is facing reality. But to get there, you’ll probably need someone from the outside to help you get there. It’s no different than asking your customers to tell you the truth. Some will, but most will simply tell you what you want to hear. To get the real truth–and that is what you want–you’ll probably need someone from the outside to help you get there. So, choose wisely!
To your accelerated growth!
P.S. This should go without saying, but that someone should possess great relational skills, be able to bond quickly, and have impeccable integrity.
Don’t Think About It, Do It!
Posted by: | CommentsHow many times have you thought about doing something that you know would be helpful or good or beneficial–and then not done it? I know, probably somewhere north of ten thousand times (at least that’s my running total).
Well, this week, I’m on vacation at one of my favorite places on planet earth, Sea Pines Plantation in Hilton Head, NC. 
And as is my custom, I get up each morning, get on a rental bike, and go for about an hour long bike ride along the bike paths inside this beautiful resort–filled with wildlife (including gators), gorgeous golf courses, and multi-million dollar homes.
Yesterday morning (Sunday), as I was on my ride, I noticed a number of other people who were running (which is clearly more exercise than I was getting on my pleasure bike ride). And as I saw them, many who were in great shape, I silently thought to myself, “Boy, I wish I were in that great a shape.” Or, “I used to be one of them (like 30 years ago when I was a multi-sport athlete).”
But as I thought those thoughts, my negative thought patterns sprung into action.
- “But I’m not one of them any more.”
- “My knees are in such bad shape from soccer, I can’t run anymore.”
- “It’s been so long since I’ve run, it’ll be an embarrassment if I even start.”
- “I’m too out of shape to run right now, I’ll need to work up to it.” Etc.
You know those kinds of thoughts don’t you?
But something magical happened when I arrived back at our vacation home. I got off my bike and said to myself, “Forget about all the reasons why this won’t work. Just try it. Just run to the fire hydrant. You always talk about speed of implementation. Back it up Jack.”
So I did. Now, it wasn’t pretty. I’d pick a spot. Run to it. Walk the same distance. Run to another spot. Walk the same distance. Run to another spot. Etc. I felt like I sucked all the oxygen out of Hilton Head Island. Hyperventilation would be a polite way of saying what I was experiencing. But I did it!
And this morning, after another hour long bike ride, I ran again. This time, I went about four times farther and sucked a little less oxygen. And so I find myself, on this second day of vacation thinking about how often you and I allow our excuses to get in the way of making progress (not just in our personal lives, but also in our businesses and organizations).
So, how about you? What have you been thinking about doing, but haven’t done, because you’ve allowed your head to get in the way of doing it?
- Calling a prospect (it’s not the right time)
- Hiring a new sales person (I don’t have all the details worked out)
- Creating a new strategic plan (We’re too busy to take the time to work on that)
- Providing critical feedback to an employee (I don’t think they’ll respond well)
- Delegating several tasks (I can get them done faster if I just do them)
- Calling on a prospective joint venture partner (I don’t know if they’ll say, “Yes!” so I better wait)
We all do this. It’s nothing new. But it is reality. What holds you and me back has far more to do with what we tell ourselves than it does with finding some new idea or technique.
So rather than thinking about it today, why don’t you just do it. As long as it’s legal, beneficial, profitable, good, etc. go for it. You’ll be glad you did.
To your accelerated success!
How Do You Respond to Critique and Feedback?
Posted by: | CommentsIt’s more important than you think! When I work with senior executives, and we’re one-on-one, they tend to be defensive around critique and accountability in general. But when I’m with them, and they need to be critiqued in front of their executive teams (Note: in a session designed for critique and evaluation. I normally provide feedback one-on-one after a meeting, not in public), their response is almost always defensive–and that’s not good news.
Why? Because what signal does that send to employees?
Senior executives like to critique and evaluate employee performance. And when I’m with them, they’re almost always critical of the performance of any number of their people (which is fine). But then they wonder why their people don’t listen or make changes in response to the feedback that they (the senior exec) have given them (the employee). Hello!
It’s always been true. People do what people see.
If you want your people to be open to critique, then you need to be the most open to critique of anyone in your organization. If you want your people to make changes in response to critique, then you need to be the fastest change agent in your organization. And if you don’t want your people to be excuse makers, then you need to avoid excuse making like the plague.
One of my favorite professors used to say, “If you want your people to bleed, then you need to hemorrhage.”
In other words, one of the costs of leadership is that we not only have to go first, we have to go farther. Why? Because people do what people see.
Forget what you say. Your people are watching you every day and they’re watching your non-verbals first.
- Do you get defensive with your physical posture?
- Do you look disengaged or angry?
- Do you lean in like you’re going to attack them?
- Do you have that, “Don’t mess with me!” vibe?
- Or do you have an open, pleasant and receptive look?
Then they look at your verbals.
- Do you respond harshly?
- Do you go on the attack?
- Do you make excuses?
- Or, do you ask questions, “Can you help me understand that?” and then say, “Thank you!”
Bottom line, if you want your people to be more open to critique and make changes, then you’ll want to make sure you’re the most open to critique person on your team. It really does matter more than you think!
To your accelerated success!
What’s the Best Advice You’ve Ever Received?
Posted by: | CommentsNow, I don’t know if you saw the Fortune magazine edition entitled, “The Best Advice I Ever Got” (7.6.09) but it’s an interesting read. For example, in very shortened form,
- Eric Schmidt (CEO, Google). John Doerr told me to, “Get a coach,” even though I didn’t think I could learn anything from a coach.
- Tiger Woods. Rather than focusing on technique and swing, my father told me to, “Pick a spot and then figure out how to hit it there.”
- Mohammed El-Erian (CEO, Pimco). My father told me to, “Read four newspapers because if you don’t read different points of view your mind will eventually close and you’ll become a prisoner of a certain point of view that you’ll never question.”
- Jim Sinegal (CEO, Costco) Sol Price said to me one day, “If you’re going to go to the trouble of hiring someone, it’s because you can’t do the job yourself–so you’d better show them how you’d do it.” In other words, he was letting me know that a good manager is a good teacher.
So, what about you? What’s the best advice anyone has given to you?
Now, you may be tempted to just write this off as a futile exercise but it’s not. Why? Because the essence of great leadership is teaching. Great leaders don’t just take a group of people someplace, they seek to influence and change the lives of those they’re leading. And the main tool that leaders use to change behavior is story.
For example, when I’m working with leaders, one of the stories I usually tell is about a time when I was in seminary, back in 1987. The seminary where I was attending was in the midst of a faculty split and I had professorial friends on both sides of the aisle. Unfortunately, professors on both sides shared information with me about the people on the other side that they shouldn’t have shared with me, a student.
Basically, I knew information (junk) on people that I shouldn’t have known and yet I still needed to interact with those people. So one day, in the midst of this internal turmoil, I was walking across the center of campus (I can still see it vividly in my mind’s eye) with one of those professors, a guy named Paul, when I shared with him my frustration of knowing information (junk) about both sides that I could never share or use. To which Paul said,
“Congratulations. You’ve just learned one of the most important lessons of leadership. Leadership is lonely. You will always know more information than you can share or use. Welcome to the club.“
That advice has served me incredibly well for the past twenty-two years. Leadership is lonely. It’s tough not being able to share information that could help you and your cause. And it’s tough having to carry a burden that no one else in your business or organization even understands. But nonetheless, when you know leadership is lonely (and that this is what all leaders experience), it helps.
Now, of course, I could have simply told you, ”Leadership is lonely.“ But the story helps you remember the principle, doesn’t it?
Realizing that, don’t you think you would be a more effective leader/teacher if you took some time to think about the best advice you ever received? And then started sharing it? And then once you started making your list, you regularly added to it, as you either remembered stories or learned valuable lessons? Absolutely!
So, if you want to be a more effective leader, what is the best advice you’ve ever received? Make a list. Then look for opportunities to start sharing those stories. Why? Because that’s what great leaders do!
To your accelerated success!
Is Perfection Getting in Your Way?
Posted by: | CommentsI was at a conference this past week when one of the speakers, a copywriter by the name of Ray Edwards, nailed me–in a positive way.
The way he got to me was by asking two simple questions. Showing a picture of a MacDonald’s hamburger, he asked,
1. How would you describe the quality of a MacDonald’s hamburger?
2. Who sells the most hamburgers in the world?
Point made. Point received.
I don’t know about you, but I often get stuck by trying to make something “perfect.” I have three books, several new talks, and a couple of projects all stuck in varying states of completion–not because I can’t get them done–but because I want to make them PERFECT!
In the literary world, it’s the equivalent of wanting to write, “The Next Great American Novel.” It’s the desire to want to write something that “no one else has written.” Or to say something so compelling that newswires will want to pick it up, blogs will want to make it viral, TV reporters will want to call for interviews, and schools of business will want to make it required reading (of course, by this point, you’ve already figured out–this guy lacks reality–exactly!).
It’s this longing to do something perfect, to do something that causes people to take notice, that tends to hinder so many of us. When, in reality, we ought to set our sights a little lower. While I may want to write the “ultimate” guide to growing a business, there is no such ultimate book to be written.
In the mean time, while I’m waiting to create the perfect/ultimate book, others are publishing their books and making money–and the people I could be helping out are missing out.
Likewise, in your world, chances are (if you’ve been infected with the disease of perfectionism), you’re doing something similar. You have projects on hold, products that haven’t been launched, services that haven’t gone public, talks and letters that haven’t been written, and presentations that haven’t seen the light of day, etc. Not because you can’t get them done, but because you’re waiting until the thing you’re working on is … well, perfect.
But in a business environment, perfection is not the goal–it’s an impediment. In fact, when Ray was speaking I wrote in my notes, “Perfection > leads to procrastination > which leads to poverty.”
While you or I may want to create the perfect burger (metaphorically), the reality is that someone else (MacDonalds, in this case), is making a ton of money while we’re still in the design phase.
So, if your goal is making money, or influencing others, or meeting a critical need or want for your target market, then you’ll want to revisit this MacDonald’s hamburger metaphor again and again. Make sure you beat down the perfection monster. And whatever you do, make sure you get what you’re working on out in the world. As I’ve said for years,
“Excellence is not perfection. Excellence is doing the best you can with what you’ve got in the amount of time you’ve got to get it done.”
So what projects have you been holding off on or delaying because of perfectionism? And how much more money (or whatever metric your project works with) could you be making if you stopped waiting for perfection and just got that thing out in the marketplace?
To your accelerated success!
It’s the Soft Stuff That Usually Gets Us
Posted by: | CommentsI remember hearing Dan Kennedy (a marketing expert) say, years ago, 
“What’s interesting about entrepreneurs is that they won’t pay for the soft stuff (like dealing with their fears or lack of confidence), but they will pay for the hard stuff (like how to use some new technique on the internet to attract more customers), even though what they really need is the soft stuff.”
What’s interesting, is that over the past few years that I’ve been coaching senior executives and entrepreneurs, I’ve come to the same conclusion. What holds most business leaders back isn’t a lack of know how (though they often lack know how). What holds most business leaders back is something emotional or psychological in nature. And, in my experience, the two top issues are fear and lack of confidence.
The most obvious fears are the fear of failure or rejection, which keep them from taking risks. Why don’t they pick up the phone and call a potential client? Well, because the person they’re calling might say, “No!” (i.e. I might fail. But as long as I don’t call, I haven’t failed … yet). Or why don’t they take the risk of hiring a new sales person? Well, what if it doesn’t work out? In other words, it’s not the strategy of adding an additional sales person that’s the problem, it’s their fear that it might not work out that holds them back. Sound familiar?
The other fear that I keep seeing in executives and entrepreneurs is the fear of success. What if I succeed, what then? Will I become one of those people I said I’d never become? Or will people find me out and realize I’m not all that good? Or maybe they grew up in poverty or in the middle class (or in a church that made success and money evil) and mentally and emotionally they can’t go there. Being wealthy and having money are simply beyond them or possibly evil–so they limit their activity (usually subconsciously) so that they won’t experience phenomenal success.
The other soft issue I see a lot of is lack of confidence. They don’t believe in themselves and their abilities. When they enter a room of successful people they think, “I’m not one of them.” When someone asks them, “Why should we hire you?” they wonder why, as well. When they need to step out and take a risk, they often don’t because they’re not confident that can see it through. Or they don’t act fast enough because they’re waiting on data to back them up or for others to agree with them so they’re not “all alone” on a risky decision.
In other words, what holds most of us back isn’t some new technique or idea that we’re unaware of. What holds most of us back is found between our two ears.
In light of that, here are a few questions worth wrestling with?
- What emotional issues are holding me, and through me, my business back?
- What am I afraid of?
- Why am I afraid of that?
- On a scale of 1-10 (high), how confident am I?
- What affects my confidence or lack of confidence?
Once you have some answers, you may want to take one of them and start working on it. Remember, fear is just a negative expectation about a future event. It is not reality. So, change the expectation, change the fear.
To your accelerated success!
P.S. This also means that when you do your planning each quarter, you should be asking yourself, “What about me is hindering this business?” Because when it’s all said and done, the biggest limitations are usually found in the soft stuff, not the hard stuff.
Robert Kiyosaki and Where Change Begins
Posted by: | CommentsIf you’ve been reading my blog for any length of time you know that my first premise for growth is, “No organization can consistently perform at a level beyond the capacity of the senior leader. Therefore, if you want to grow an organization, you need to start by growing the senior leader first.” In essence, “Grow the leader, grow the organization.”
In light of that, you’ll quickly guess why I was so pleasantly pleased this morning when I read an article in Entrepreneur Magazine by Robert Kiyosaki on “You Can Rebuild It.” (July, 2009, p. 28).
Midway through the article, Kiyosaki, using his own company as an example of change (literally reworking the entire fabric of what they do and how they carry out their business–which is good strategic work), makes the following statement.
You’ve got to love that! Kiyosaki gets it. He was using an old model that worked for a while, but in order to remain competitive and grow his organization–especially in this economic climate, he knew something needed to change. And if something was going to change, he knew that “something“ needed to begin with him.
In fact, in the article, he shared three questions he knew he needed to ask himself regularly throughout this change process.
- What am I afraid of doing?
- What am I not saying?
- What can I do better to serve my customers?
Three great questions. Over the course of time, he found a series of answers to those questions that then began to impact his actions. “And once I began to change,” he writes, “the company changed.” Exactly!
Game, set, match!
So, how about you? Where do you need to begin changing so that your company or organization can begin a new growth curve? Remember, “Grow the leader, grow the organization.”
To your accelerated success,
Phil Jackson and Your Business
Posted by: | CommentsRegardless of whether you’re a basketball fan or not, you have to admire what Phil Jackson accomplished yesterday, as well as over the past 18 seasons he’s served as a head coach (similar to your role as the senior executive of a SMB). With yesterday’s NBA championship with the Los Angeles Lakers, Phil Jackson probably cemented his place in NBA history as the best coach of all-time.
In 18 seasons, he’s won 10 NBA championships with two different teams (Chicago Bulls and Los Angeles Lakers). He’s won 1, 250 games with a winning percentage of .705 in the regular season and .670 in the post-season. And he’s done that with an interesting group of very different and diverse individuals/characters (Dennis Rodman immediately comes to mind :-). So what does Phil Jackson have to do with your business? Answer, a lot.
When you became the leader of your business, you moved from being the primary producer to being the coach of your team. When that occurred (and it did occur once you hired employee number one), everything changed. Like Phil, you aren’t judged on what you do but what your players do. If that’s true, and it is, then watching and learning from great coaches ought to be a regular part of your own personal development.
In the case of Jackson, what’s amazing about him is that he’s not only been able to attract great talent, but he’s been able to change how he leads and the strategies he chooses, based on the players he’s had to work with. From Michael Jordan and Scotty Pippen to Shaq and Kobe, Jackson has consistently brought out the best in the players he’s had.
And if you were to summarize his coaching philosophy in a few statements it might look something like this.
- Expect the best from your players
- Treat them like talent
- Trust them to make the right decisions
- Let them play through difficult patches (i.e. don’t yank them out quickly)
- Teach them new ideas and concepts (and reinforce them over and over again)
- Treat different players differently (because they are)
- Focus on team success over personal success (i.e. players can be stars but only teams win championships)
- Push your players, but more importantly, teach them to push themselves harder
- Plays to their strengths (i.e. change your strategies to fit your players, not your players to fit your strategies).
Seeing that those ideas have lead to 10 championship seasons, they might be a list worth referring to regularly.
So, looking at that list, how are you doing as a coach? Remember, at the end of the day, your success as a coach isn’t dependent upon what you do, but what your players do. In light of that, maybe the better question is, “How’s your team doing?” If they’re not acting like a championship team, then you know where to start! Great teams are always built by great coaches!
To your accelerated success!