Archive for the ‘Business Growth’ Category

How Do You Keep Score?

Friday, February 3rd, 2012

Make sure you’re playing a game you can win—even if you have to break the rules.

Entrepreneurs are great at many things, but one thing a lot of us are bad at is keeping score. I’ve coined a term for this issue, which we deal with in depth at Strategic Coach, and I call it “The Gap.” The Gap is the permanent distance between you and your ideals. Your ideals can be really useful for stretching yourself and identifying goals, but falling into The Gap can have destructive, demotivating effects. When this happens, you’re playing a game that’s impossible to win.

Your confidence and capability depends on what’s happening inside your head. That’s why we do a lot of work on how you’re keeping score in the game you’re playing. Of course, most people aren’t even conscious of the criteria they score themselves by, which makes it impossible to win the game. And, really, winning is what matters here.

So what game are you playing, and what kind of score do you need to win?

If your game is based on a vague ideal, you can’t know if you’re making any progress. So the first step is to determine some real criteria for what would constitute progress. Two indisputable measures you could use are a number in the future that’s bigger than the number you have now, or an event outside yourself that others can observe and take part in.

What if you have an existing goal and you’re just not making any progress on it? Switch that goal for one you can make progress on!

People are surprised when I say this. “You can just do that?” they ask. Hey, it’s your game. Take responsibility for it. If your own rules are doing you in, change them. I don’t like ending up on the losing side of the scorecard of a game I created.

To be clear, I don’t mean that you hit the “eject” button anytime things get difficult. I mean that you work within a reality that’s tangible and quantifiable. As soon as you take action, the world responds, and there are great lessons in that feedback. Rules are only useful insofar as they help you learn, adapt, and make progress.

So rules are valuable—as a starting point. But not for the journey, and not for the end result, because they’re usually a description of what happened in the past. They help by giving you a mode for getting from one place to another, but as long as you can create better rules, then none of the existing ones apply to you anymore.

Breaking rules to be rebellious is simply destructive. This is a creative activity—the constant development of better, more relevant, more productive structures to support your progress and growth.

Take Picasso, for instance. At just fourteen or fifteen years old, he was a master with the brush and could paint as well as Rembrandt. He was a great naturalistic painter, and he fully absorbed what constituted great artwork. Then he departed from it completely. The great artists don’t reject anything; they simply use it as their starting point.

So if you’re playing to win, don’t focus on the rules, on the problems. Instead, focus on growth. Going for growth solves an incredible number of problems. It’s a game about the future that can evolve, respond, and transform any situation.

Pondering The 10x Organization

Thursday, January 12th, 2012

Recessions are the economy’s way of telling you to sit back and ponder the wisdom of your ways. So over the past few years, I’ve been thinking back over my development and the growth of Strategic Coach.

As an entrepreneur, I’ve had the experience of going 10x three times so far. I went from from $20,000 to $200,000 before creating the Strategic Coach Program with Babs; from $200,000 to $2 million coaching the Program on my own; and then from $2 million to $20 million with the associate coaches also leading workshops. Hitting the $20 million mark occurred about five years ago, so that’s when I started asking, “What’s the next jump?”

Seeing how we’ve grown so far, I figure the next jump won’t happen through a small number of us driving the organization with other people more or less carrying out orders. It’ll be participatory—everybody in the company will be involved in the same overall activity, but each person will contribute something unique through what they do inside that framework.

If you draw a circle around each individual, within that circle are a number of areas where that person’s daily activities impact the overall functioning of the company. If we could get them to just look at a discrete number of those activities—maybe five or ten—and ask, “What’s working about this? What’s not working?”, we’ll discover ways for every member of the company to make improvements on a daily basis that add up to exponential growth that’s faster, easier, cheaper, and bigger.

Issy Sharp at Four Seasons says he built the entire hotel out of things that went wrong, because he treats everything that goes wrong as an opportunity to impress the customer even more than if it had gone right.

Here’s a specific example from Strategic Coach: In our workshops, we set out binders at the beginning of each day for every person. These binders contain all the concepts and tools they’ll be working with during the session.

What works is that the binders look good and they present all the materials in an orderly way that makes them easy to find and use throughout the day.

What doesn’t work is that sometimes we’ve had slip-ups when last-minute additions or changes came through too late to get incorporated, so the binders contained the wrong exercises or were missing pieces. It’s confusing and leads to a lot of on-the-fly handing out and shuffling of papers—and that’s just not an experience we want to be part of our “show.”

For a while, we just noted these incidents as mistakes, until we backed up and really looked at this, asking what worked and what didn’t work. That allowed us to see that we needed to get the three teams who have input into the workshops to work together and give their final check-off before we put the binders together.

It’s a small thing, but we have hundreds, probably thousands, of these small things going on throughout our organization. Each of them is an opportunity to take something that didn’t work in the past, put a spotlight on it, and use it as the raw material for a solution that will take our whole system to a higher level.

This is such a crucial activity that I created a dedicated Strategic Coach tool called The Experience Transformer to guide our clients through the same process. We use this tool inside our company as well, and each time something big happens—good or bad—we have to remember to stop and apply it. Just having it in the toolbox isn’t enough. As entrepreneurs, many of us have a natural inclination to always want to start everything from scratch, but this puts us in danger of neglecting, wasting, or undermining the useful things we’ve already put in place. So we make it a consistent habit—especially in emotionally-charged moments—to stop and use thinking structures like the one I’ve described here that allow us to escape reactive, emotional thinking and access the higher, more strategic parts of our minds. This kind of elevated thinking is central to the Multiplier Mindset where 10x becomes a real possibility.

How To Achieve Entrepreneurial Forgiveness

Wednesday, January 4th, 2012

Today, I want to share an energy-boosting strategy that’s been helpful to me and a number of my clients over the past several months.

Some of you may be familiar with my saying that “forgiveness is when you give up the hope of having a better past.” I believe that every entrepreneur, by the time they reach a certain level of success, accumulates a litany of “sins” they have trouble forgetting even if they’re not top of mind—bad decisions, bad hires, moments of incompetence or failure, even letting other people down. These are irksome and often lie at the root of why entrepreneurs feel perpetually dissatisfied.

As long as you’re still bothered by the perceived failures and defeats in your past, you may hear other people’s praise and accolades, but you won’t be able to accept them.

Here’s a way I’ve found to shake off this unnecessary burden:

  1. Start by writing down 10 things from your entrepreneurial past that give you a negative feeling when you think about them. I realize this may not be easy because many entrepreneurs are naturally averse to analyzing their history. They prefer to look forward. But stay with me; I won’t make you look at this for more than about three minutes.
  2. Once you’ve done that, take your best profit year ever and multiply that by 10.
  3. From the position of 10x greater profit, look at those 10 negative things from your past. How much would they matter if you achieved that bigger context?

This is the entrepreneurial equivalent of general absolution. Whatever “sins” are in your past, 10x has the power to wipe away their seeming importance and their emotional sting. The Multiplier Mindset is focused on results, but it can also have a significant psychological and emotional impact when you consider how a big success that has a huge positive impact on you, your team, and the people you want to be a hero to outweighs the relatively small “lessons” it took to get there.

One more thought to leave with: There’s no such thing as failure—only success and market research.