Tag: Leadership

Embracing the Unknown: Why Young Entrepreneurs Can Thrive

I follow a small handful of Youtubers.  Most of the channels I watch focus on small business owners in various industries, or folks who are building an independent lifestyle…mostly off-grid. 

I love to watch them create something valuable and useful out of nothing but an idea and their belief that they can do it.  Sometimes they succeed on their first try, other times they need to adjust and try again.  I admire their willingness to push themselves way outside their comfort zone in pursuit of the way they want to live.      

This past weekend, I watched as the twenty-year-old daughter of someone I follow took the plunge to start her own coffee house.  She has 1-2 years of experience being a barista and talked about how much she loved that job, her teammates, and her customers. 

She told a nice story about how her mom met her dad 20-plus years ago.  He and his band came to perform at the coffee house where her mom worked as a barista.  She said that she would be investing her life savings in this new venture. 

She started by leasing a 1,900 square-foot space that had all the bones to become a great coffee house location. She and her mom set about visualizing and planning the space, identifying the equipment she’d need, and how they’d work together to remodel the space.  They talked about where the small kitchen would go, how the prep tables would be organized, where the coffee counter and espresso machines would go, how the space would be decorated for comfort and a relaxing vibe. 

As I watched them walk around visualizing, the experienced business manager in me started thinking about all the paperwork she’d need to file.  The health code permits, the special equipment she’d need, the certifications that may be required to serve food, the creation of a business and DBA, opening bank accounts, capitalizing, and accounting for the business…sales and income tax filings. 

I wondered how many customers she’d need to serve each day to generate an adequate cash flow and profit.  Had she identified her suppliers?  Did she know the supply costs yet?  How many employees would she need to hire to cover all the shifts?  Was she ready to establish a payroll process for her new employees, establish HR systems, purchase the various insurance coverages she’d need, including worker’s compensation coverage. 

Cut to the next scene in their video, and they’re filing the DBA paperwork, and starting to file the health code paperwork and forms.  It turns out that there is a healthy server certification that she’ll need to obtain (which includes a ton of study materials and a written test). 

She was undeterred.  She plowed straight into the process, all the while renovating and remodeling the space along with the help of friends and family. It was truly a labor of love for her.  After 3-4 weeks of work, the place was starting to take shape. 

What happens next?  I’ll be tuning in next week to find out.        

There’s a prevailing stereotype that youth and inexperience are synonymous with recklessness and abandon.

How can this 20-year-old possibly know enough to successfully launch her new coffee business? 

Look more closely and it may be that her lack of experience and knowledge are the catalyst for her leap into entrepreneurship.  She knows that she doesn’t want to work for someone else, and she loved her experience being a barista.  Why not create her own coffee house?   

One of the paradoxes of entrepreneurship is that knowledge, while valuable, can sometimes become a barrier to action. Older generations, armed with years of experience and a deep understanding of the intricacies involved in starting and running a business, may find themselves paralyzed by the fear of failure, or an unwillingness to put in all the work they know lies ahead. Knowing what they know, they can easily talk themselves out of almost anything.

On the other hand, young entrepreneurs often possess an infectious optimism and a sense of invincibility that propels them forward. Unencumbered by the weight of past failures or the mounting responsibilities of adulthood, they approach new ventures with a boldness that can be both exhilarating and inspiring. Their willingness to take risks stems not from ignorance, but from a belief that they can overcome any obstacle that stands in their way.

They are adaptable, more willing to pivot and change course when facing unexpected challenges. They haven’t yet become set in their ways or entrenched in established routines, allowing them to embrace change with a sense of excitement rather than fear. They view setbacks not as roadblocks, but as opportunities for growth and learning.

Young entrepreneurs understand the value of learning by doing. They’re not afraid to dive into the nitty-gritty of running a business, knowing that experience is the best teacher.

Will any of it be easy?  No.

Will she have moments of self-doubt, and fear of failing?  Yes. 

Will she overcome the wall of worry and doubt, plus all the challenges associated with owning and running a successful business?  Maybe, but I know she has what it takes to make it successful. 

Would I open a coffee house at this point in my life?  Nope. 

But I love that she’s pursuing her dream.  I love that her parents are there to help.  I can already see that they’re being supportive, but also letting her drive the process, take the risks, and make the decisions. 

If she were to ask for my advice, I’d tell her to consider the following (in no particular order):

  • Create or join a network of trusted allies and service providers.  Join the local Chamber of Commerce, a BNI chapter, or a group that has other business owners as members.  You’ll get to meet other entrepreneurs, compare notes with them, and many of them will provide services and expertise that you can use.
  • Focus on the customer’s experience in everything you do.  Advocate for your customers and they will advocate for you.
  • Start your marketing and awareness campaign long before the day you open your business.  While you’re remodeling the interior or your space, take the time to remodel and brand the exterior.  Put up “coming soon” signs.  Try to generate as much anticipation in your surrounding neighborhood as possible…again, long before opening day. 
  • If possible, ensure that your business has at least 3 months (or more) of operating capital in the bank at any time.  The more, the better.  You never know when something unexpected might happen…a big expense or capital investment opportunity, or maybe a cyclical downturn in your business. 
  • Remember that leaders always eat last.  This means you’ll probably have some lean times, financially.  Keeping your business healthy and paying your employees must come first.  It’s quite possible that you won’t be pulling anything that looks like a paycheck from your business for 6-12 months.  Prepare for this and realize it’s completely normal.   
  • As you hire employees, whether they’re part-time or full-time, make sure they know your values, why your coffee house is special, why they are fortunate to be part of your team and that you feel blessed and fortunate to have them on your team. 
  • Advocate for your employees, but don’t be afraid to quickly let go of employees who aren’t embracing your company culture. You need to employ believers in your mission…anything less is unacceptable.  I don’t remember who said it but hire slowly and fire fast.  Both are extremely difficult to do in practice but will pay off with amazing results if you’re able to do it. 

p/c – Nathan Lemon – Unsplash

Want to see what happens next with Belle’s coffee house?

Making the Clay: A parable about how projects come to life.

p/c WAI – John Cargile

In the dim glow of his studio, the sculptor stood before a vast expanse of pristine clay, lost in thought. His mind danced with visions of what he would create—a masterpiece that would captivate hearts and minds, a testament to his skill and vision. Yet, before his hands could shape the clay, there were crucial steps to take, like preparing the raw material before the artistry could begin.

As he contemplated the sculpture taking form in his mind’s eye, he pondered the perspectives he would bring to his creation. Each angle, each curve held significance, and he knew that his vision would resonate differently with each observer. He envisioned the awe in their eyes, the whispers of admiration as they saw his work.

But this sculpture would be unlike any he had attempted before—it would be monumental, stretching skyward in grandeur. The clay alone would not suffice; he would need the finest materials that could withstand the test of time. Yet, the cost of these materials weighed heavily on his mind. It was a venture that would require more than just his own resources.

Thus, he embarked on a journey to seek investors—patrons who believed in his vision and were willing to invest in its realization. With their support, he would procure the materials necessary to bring his creation to life. But it was not just financial backing he sought; he needed a team of skilled artisans who would join him on this sculpting journey.

Finding the right team was no small feat. Each member would bring their own expertise and perspective, enriching the project with their unique talents. Yet, it was not just a matter of talent—they would need to share his passion and commitment, willing to sacrifice their own pursuits to see the vision through.

And so, he set out to assemble his team, each member drawn by the promise of being part of something extraordinary. Yet, he knew that their dedication could not go unrewarded. He would provide for them, ensuring they had the means to sustain themselves as they poured their hearts and souls into the project.

With each detail meticulously planned, he secured a space large enough to accommodate the monumental sculpture, a blank canvas upon which his vision would take shape. And in his heart, he held onto the hope that there would be a patron waiting in the wings, eager to claim his creation as their own.  A customer.

As he surveyed the clay before him, he saw not just a mound of earth, but the embodiment of possibility—the first step in a journey that would culminate in something truly extraordinary.

With determination burning bright in his eyes, the sculptor began to mold the clay, each touch infused with passion and purpose. He knew that before the sculpture could stand tall, it must first be brought to life in the fertile soil of his imagination.

Sound familiar? 

If you launch a new idea, a new project, a new company, or a new rocket…you’re the sculptor.  You alone see your vision.  To see this new vision come to life, you will need to gather others, inspire them, challenge them, and ultimately organize your new team toward the goal of making your vision a reality. 

It won’t be easy.  Great things never are.  You’ll risk failure at every turn.  You’ll have to overcome challenges you never knew existed.    

But you’ll never achieve meaningful success in your project (whatever it is) without taking the risk, making the clay, gathering your team, and ultimately bringing your vision to life. 

I have one favor to ask: If you like this content and think someone else will like it as well, please forward this post to them.

The Power of Multiplying Yourself: Why Training and Supporting Your Team Leads to Success

The belief that doing everything yourself is faster can limit growth. Training and empowering your team leads to expanded capabilities, time for strategic initiatives, and a strong organizational culture.

p/c: Andrea Gian – Unsplash

“It’ll be faster for me to just handle this task now and get it done.”

“It’ll take me more time to train someone how to do this than it will take me to do it myself.”

“I’ll just take care of this task myself and get it out of the way.”

Sound familiar? 

It’s easy to fall into this trap of thinking that doing everything yourself is the most efficient way to get things done. This mindset not only limits your own growth and potential but also minimizes your team’s and your organization’s potential.

Investing your time in training and supporting your direct reports is not just beneficial—it’s essential for long-term success.

Here’s why:

  • Trust and Empowerment: When you take the time to train your team members, you show them that you trust their abilities. This trust fosters a sense of empowerment, motivating them to take on new challenges and responsibilities with confidence.
  • Expanded Capabilities: By preparing your team for their next levels of challenge, you expand their capabilities and push their limits outward. Consider this: Instead of just solving today’s problems, imagine if your team could handle tomorrow’s challenges without you needing to intervene. As they tackle new tasks and acquire new skills, they become stronger and more versatile contributors to the organization.
  • Time Management: While it may seem faster to handle tasks yourself in the short term, investing in training your team ultimately frees up your time for higher-level responsibilities. Imagine if you could focus on strategic initiatives, process improvement, and growth opportunities for the organization, rather than being bogged down in day-to-day tasks.
  • Cultural Impact: Creating a culture of learning and growth within your team not only boosts morale but also strengthens the entire organization. When your team members feel challenged and supported in their professional development, they’re more engaged and motivated to contribute their best work.
  • Preparation for Growth: By nurturing the skills and talents of your team members, you’re preparing the organization to adapt and grow. A team that is continuously learning and evolving is better equipped to handle the new challenges that are just around the corner (whether you see them coming, or not).

Neglecting your team’s development can have serious consequences. Employees who feel stagnant and unchallenged are more likely to become disengaged. Disengaged employees will leave, or worse, they’ll choose to stay and become seat warmers—adding nothing valuable to the organization.

People want to learn. They want to be challenged. They are most engaged when they’re pushing the boundaries of their capability, taking on new skills, and becoming more valuable to their organization.

The adage of “it’s faster to do it myself” is short-sighted and will limit your career growth.

Take the time to train and support your team. You will multiply your effectiveness and create a powerful culture of empowerment and continuous improvement within your organization.

The Delicate Balance of Telling and Teaching

Your role as the teacher and mentor is to prepare your mentee to work independently and effectively…

“I can’t believe she can’t tie her own shoes.  She’s old enough to know by now.”

My friend was talking about his 5-year-old daughter at the time. 

I asked if he’d ever taken the time to teach her how to tie her shoes.  He stared at me and said that wasn’t his job and that she should have figured it out by now. 

Why tell this story (which really happened!)? 

To illustrate how important it is to teach and mentor others…whether they’re our kids, grandkids, employees, family, or friends. 

It should be obvious that if you don’t teach, your student misses out on the chance to truly learn and grow.  By choosing not to teach, you’re short-changing your mentee of the lessons you’ve learned through hard-earned experience.

In moments of urgency or simplicity, direct instructions are most appropriate, providing a clear roadmap for immediate action (telling).

But true teaching is the art of imparting understanding – the “why” behind actions. It requires a commitment of time and energy, and showcases the significance of tasks, the interconnections between steps, and the importance of specific approaches…usually through storytelling.  

What kinds of stories?  Stories that provide a personal connection, illustrate key points, and allow your learners to connect emotionally to what you’re teaching.  Stories also help students drop their defensiveness toward receiving new information.

Another great teaching method is to ask questions. Questions encourage critical thinking.  Ask the student why they think something is important, or how they view a situation.  What would they do in the situation?  What’s happening that may not be obvious? If their answers are incomplete or miss the nuances of a situation, you can provide additional perspectives and help them understand what to look for.

How can we tell stories and ask questions about something when it’s urgent?  We already learned that in urgent situations, telling is often the most appropriate way of getting the right action quickly.  To create truly teachable moments resulting from an urgent event, it’s critical that you take the time after the urgency has passed to discuss lessons learned, and maybe even how to avoid the urgency next time.  

Your role as the teacher and mentor is to prepare your mentee to work independently and effectively.  Not only how to tie their shoes, but why it’s important to tie them in the first place. 

I have one favor to ask:  If you find this information useful, please forward and recommend it to someone else.  Thanks! 

Delegation isn’t Abdication

Delegation isn’t a “set it and forget it” task. As the leader, you aren’t abdicating the task and walking away…

How’s your delegation game? If you’re like most managers, I bet there’s room for improvement. As leaders, our ability to delegate effectively is a cornerstone of organizational success.

When done correctly, delegation is a powerful tool for growth, multiplying a leader’s effectiveness and unlocking the full potential of individuals and their organization.

Delegation isn’t a mere task transfer—a way to dump all the unpleasant tasks off your plate and onto someone else’s. True delegation involves entrusting the responsibility and authority needed for the team member to take emotional ownership of the assignment. This is the only way they’ll be able to make the decisions necessary for success.

Delegation isn’t a “set it and forget it” task. As the leader, you aren’t abdicating the task and walking away. It’s critical that you remove your ego from the equation, recognizing that your team member’s approach may differ from yours. Your job is to provide the necessary space and grace for team members to be successful. Moreover, you should offer support, insights, and resources to aid in their success without dictating every step.

Delegation is the linchpin for developing a pipeline of future leaders. Breaking employees free from routine tasks pushes them outside their comfort zones. They learn more about their organization and themselves. Their picture of the organization becomes clearer, and their connection to the organization strengthens.

Success breeds confidence. Not only is the leader’s effectiveness multiplied when their team members succeed, team members gain confidence to handle future challenges. When setbacks occur, leaders should provide guidance, help redirect efforts, and work collaboratively to identify lessons learned.

Managers who refrain from delegation or hoard the “secret sauce” of their roles create a bottleneck in leadership development. They will find themselves locked into their roles, unable to develop or contribute to other parts of the organization. Their failure to prepare team members for advancement creates a stagnant environment that hinders overall organizational agility. Without a culture of delegation, an organization will struggle to identify and nurture emerging talent.

One other thing about delegation: when you delegate an important task, it’s your job to champion your team member’s efforts within the organization. If you’re congratulated for their success, make sure your team members get recognized for doing the work. If things go poorly, own the failure and work with your team members to improve their chance of success the next time.

Delegation is not just a skill. It’s a long-term strategic commitment to nurturing and building tomorrow’s leaders.

How can you enhance your delegation practices today?

I have one favor to ask:  If you find this information useful, please forward and recommend it to someone else.  Thanks! 

The Unsung Heroes: Driving Excellence in the Shadows of Mediocrity

The pursuit of excellence is always a journey worth taking. Do you have what it takes?

It’s an unfortunate truth that a large cohort of our society defines their success as doing the minimum.  For them, success means not failing (or being seen to fail). 

They’re okay with mediocrity, inefficiency, and ineffectiveness. They believe they can’t make a difference anyway, so they welcome the warm embrace of the status quo.  They take comfort in joining the flock of mediocrity. 

Do you find success in simply avoiding failure, or are you one of the rare renegades who can’t stand mediocrity?

In a landscape where inefficiency and ineffectiveness are accepted norms, there’s a shrinking community of individuals who see an opportunity for improvement. They envision a future defined by hard work, creativity, and continuous efforts to break free from the shackles of the status quo.

These unsung heroes view mediocrity as a chance to make a difference. They are willing to undertake the hard work necessary for transformation. These passionate individuals are the driving force behind organizational change, pushing boundaries and overcoming obstacles in the relentless pursuit of excellence.

They are willing to try.      

They’re willing to risk failure, often multiple times, to pull themselves and their organization kicking and screaming toward a better future. 

In a perfect world, organizations would recognize and elevate these passionate individuals, recognizing their contribution. 

Unfortunately, we don’t live in a perfect world.  Status quo is like a warm blanket.  Those who threaten to take away that blanket are often seen as a threat. The well-organized flock of mediocrity is a powerful deterrent to new ideas and improvement. 

Do you have what it takes to be one of the renegades?  One of the unsung heroes? 

Are you willing to toil in relative obscurity, pushing back the walls of mediocrity, making room for excellence in their place? 

Few are up to this challenge.  But organizations count on these renegades for their success everyday…even if they don’t realize it.

Who’s With Me?

Leadership lessons from Bluto (John Belushi) in Animal House, circa 1978…

Bluto--whos with me

 

Leadership lessons from Bluto (John Belushi), circa 1978…

 

Bluto: Hey! What’s all this laying around s***? 

Stork: What the hell are we supposed to do, ya moron? We’re all expelled. There’s nothing to fight for anymore.

D-Day: [to Bluto] Let it go. War’s over, man. Wormer dropped the big one.

Bluto: What? Over? Did you say “over”? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!

Otter: [to Boon] Germans?

Boon: Forget it, he’s rolling.

Bluto: And it ain’t over now. ‘Cause when the goin’ gets tough…

[thinks hard of something to say]

Bluto: The tough get goin’! Who’s with me? Let’s go!

[Bluto runs out, alone…]

Other than not being in the script, why didn’t anyone follow Bluto at this point?

Simple. He didn’t outline the mission, or why it was important. He didn’t engage the early adopters, the risk takers.

He didn’t capture the imagination of any thought leaders in the group. Sure, he conveyed some intense emotion.  He may have even motivated a few of his team members to think a bit, and ignore Stork and D-Day’s surrender. But, take action? Not a chance.

[Bluto returns, looking frustrated…]

Bluto: What the f*** happened to the Delta I used to know? Where’s the spirit? Where’s the guts, huh? This could be the greatest night of our lives, but you’re gonna let it be the worst. “Ooh, we’re afraid to go with you Bluto, we might get in trouble.” Well just kiss my ass from now on! Not me! I’m not gonna take this. Wormer, he’s a dead man! Marmalard, dead! Niedermeyer…

Otter: Dead! Bluto’s right. Psychotic… but absolutely right. We gotta take these bastards. Now we could do it with conventional weapons, but that could take years and cost millions of lives. No, I think we have to go all out. I think that this situation absolutely requires a really futile and stupid gesture be done on somebody’s part!

Bluto: We’re just the guys to do it.

[Boon and D-Day stand up] 

Boon: Let’s do it.

Bluto: [shouting] “Let’s do it”!

[all of the Deltas stand up and run out with Bluto]

How did Bluto turn the tide? He challenged the team to face their fears. He outlined the (crazy) mission, and why it mattered.

Most important…he ignited a thought leader in the group.  Otter took emotional ownership of the crazy mission and vision that Bluto (sort of) outlined.  Otter gave it clarity, and made it safe for everyone to support.

Once Otter (and D-Day and Boon) stand in support of Bluto’s crazy idea, the rest of the team unites. The exact plan isn’t clear, but the thought leaders create the wave of support it needs to launch.   The rest is detail.

All Bluto has to do is add:  “We’re just the guys to do it.”

He doesn’t ask, “Who’s with me?” when he leads the team out the second time.  He already knows, and so does his team.

Who are the thought leaders in your organization?

How do you influence them? How do they influence you?

What are you doing to harness their power?

Who’s with you?  That’s up to you and your thought leaders.

http://youtu.be/q7vtWB4owdE

The Truth about Ownership

Does everyone own the outcome, or no one?

“When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union—like public housing in the United States—look decrepit within a year or two of their construction…” Milton Friedman

Dr. Friedman won the Nobel Prize for Economic Science in 1976, and died in 2006 at the age of 94.

I could make this post all about his defense of capitalism, his arguments against socialism, the benefits of reducing government’s role in our lives, and a whole host of ideas that he defended throughout his career.

Instead, my focus is on ownership and how Dr. Friedman’s quote applies to leadership in a business setting.

Look around your workplace. Look at the teams. The committees. The ad hoc groups that come together to solve a problem.

Who owns the outcomes of these teams, committees, and ad hoc groups? Is everyone aligned around the same goals? Does everyone own the outcome, or no one?

Ownership is the key to success. Owners are always more dedicated to the outcome than non-owners. If this is true, wouldn’t more owners be better? As Dr. Friedman points out, when everyone owns something, nobody owns it.

True leaders step up and take ownership. Leaders then unite others around the important goals. Followers, in turn, own their support of the goals and their valued place in that effort.

Show me a team with multiple owners (which is really no owners), and I’ll show you a leaderless team that’s doomed to mediocrity and failure.

No One is “Just a…”

Listen closely, and you’ll hear the “I’m just a…” phrase applied in many circumstances. You may even use it yourself. I’ve inflicted it on myself a time or two (or three).

“I don’t know the answer, I’m just a temp.”

“I can’t authorize that refund, I’m just a cashier.”

“Clearly, nobody here cares what I think.  I’m just a worker bee.”

“I could probably help those wounded veterans, but I’m just a private citizen.  I’m sure there’s a government agency for that.”

“There’s no way I could ever do that job.  I’m just a high school graduate.”

Listen closely, and you’ll hear the “I’m just a…” phrase applied in many circumstances.  You may even use it yourself.  I’ve inflicted it on myself a time or two (or three).

Ownership is risky.  It requires personal responsibility, a willingness to step up, make hard choices, and be held accountable for your actions.  “I’m just a…” is a ticket to minimizing the expectations we place on ourselves.

The Dark Side

“Just a…” has an even darker side.  It can be used to limit the expectations we place on those around us:

  • “John’s a decent manager, but he’s really just a guy keeping the trains coming in on time.  I doubt he could step into anything new.”
  • “She’s just a summer intern, so I don’t expect her to light the world on fire for us.”
  • “He’s just a beginner, so we need to cut him some slack.”
  • “She’s just a kid.”
  • “He’s just a drug addict, so he will never amount to much.”

When expectations are minimized, minimized outcomes usually follow.

Applying the “just a…” phrase to anyone, including ourselves, ignores potential.  It ignores our ability to grow, change, improve, and amaze.

Patented Buggy Whips

It’s a big day at Consolidated Buggy Whip. With our new, patented manufacturing process…

smiling-horse

“Press Release,” circa, 1899: 

 Consolidated Buggy Whip Announces New Patented Manufacturing Process

It’s a big day at Consolidated Buggy Whip.  With our new, patented manufacturing process, the company will have a competitive advantage over all other buggy whip manufacturers.  Anthony Johnson, President of Consolidated Buggy Whip, stated, “Our patented manufacturing process cuts our production costs by more than half.  This is exactly the advantage we need in order to capture new market share, and effectively corner the market for buggy whips.”

We are also pleased to announce that our two leading competitors have proposed a merger with Consolidated.  This is a sure sign that Consolidated’s patented manufacturing process will ensure its position as the undisputed leader in the buggy whip market for years to come.

* * *

If you are even a casual student of history, you know what was happening around the turn of the century.  Automobiles were being invented and would soon replace the horse and buggy.  Our fictitious company, Consolidated Buggy Whip, was about to face its biggest threat.  They were facing down a disruptive innovation and either didn’t realize it, or chose to ignore it.

Recent history is riddled with companies, and even entire industries, that have been displaced by the introduction of disruptive innovations.  Tower Records, Borders Books, Kodak, Nokia, Circuit City, and Newsweek are just a few that come to mind.  Ironically, some of these companies were originally disruptors.  Unfortunately, they allowed themselves to be displaced by newer disruptors.

Vigilance, curiosity, and creativity are required for an organization to avoid, or even create, disruptive innovations.  Complacency and ignorance are sure ways to invite new disruption.

The competitive landscape you think you understand isn’t the only one that matters when it comes to disruptive innovation.