Posts Tagged ‘teamwork’

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.

Why It Pays To Have a “Bubbly” Team

Wednesday, November 17th, 2010

When I was about ten years old, I had a schoolmate whose family was much wealthier than mine, so whenever I was invited to stay over at their house, I always accepted. One of the first times I stayed over, I came down to the kitchen for breakfast, and his mother, a very nice person, had something on the stove that I’d never seen before: glass cookware. I was just fascinated by the idea of a pot you could actually see through!

I went and looked at the pot, getting a side view for the first time at the process of boiling water. I noticed that the boil starts with just one little bubble at the bottom. There was one bubble, then suddenly there were 20 bubbles, which got bigger, and gradually there was that fantastic moment where one of the bubbles left the bottom and went up to the top. Then the water really started to boil.

These bubbles are like the multipliers in your business.

If you create a culture inside your entrepreneurial company where everybody has the opportunity to identify something on a small level that can be done faster, easier, cheaper, or with a better result — they become those bubbles. When the bubble goes to the top, they get a big win. They get applauded, honored, recognized, and rewarded for pulling off a “bubble.”

After a while, this spirit of progress, innovation, and celebration becomes contagious. Everybody in the organization wants to create a 10x bubble in their area, and the whole pot starts to boil.

Your Factory-Installed Multiplier

Thursday, November 4th, 2010

I like having a big company. Many fun and exciting possibilities open up at this level. The only challenge is that I don’t like the feeling of big companies. I don’t like bureaucracy.

So how do you run a growing company yet keep the feeling of a small company?

Supporting and being supported by talent.

What allows me to keep the friendly feeling of a small company yet run a multinational organization is Unique Ability. Unique Ability is the distinctive mixture of talent and passionate interest every human being has for some aspect of life.

In the Strategic Coach Program, we encourage entrepreneurs to identify their Unique Ability, focus as much as they can on doing only that, and then delegate everything else to other people who have a Unique Ability in those areas.

I’d like to refer to that apt Oscar Wilde quote again: “Be yourself; everyone else is already taken.” You can become superbly good at being yourself — outside of that, everybody else is better.

The strategic benefit of Unique Ability.

This kind of engaged teamwork leads to tremendous growth. It can also save you a lot of money: About 80% of the cost of running a big company is in managing, monitoring, and motivating people. When people are doing what they love, none of this is necessary, so you take that cost right out of the equation.

Transform what you don’t like.

Conditions are changing all around the world, and people are angry about the things they don’t like: They don’t like being asked to give up what they have, and they don’t like being told to move on. In our celebrity culture, lots of people would rather step into somebody else’s identity, one that’s better developed, but there’s no value in that for them or anyone else.

If you do have to move on, you might as well move on with what you really like. Change in a way that suits you.

Coco Chanel was a brilliant example of this. She continually invented her life by observing that everything she disliked had an opposite, which she would do. She lived in an age of conformity when it was difficult to be a woman, let alone a female entrepreneur. Not liking the frivolous, ornamental clothing that was available for women, she looked to the opposite — men’s clothing — and used that in a completely innovative way. She created a bold new type of design that tapped into women’s desire for a more powerful role in society.

That’s the genius of Unique Ability.

Stay tuned.

Back in the sixties, there was a watch called the Gold Bond Accutron. The Accutron didn’t have the normal clockworks in it; it had a tuning fork that was geared to a battery. If there was any lessening in the battery power at all, the tuning fork stopped — it was either 100% accurate or it switched off.

The world of the multipliers is like that watch: You either have 100% commitment to your uniqueness, and you get to access it all, or you don’t.

It’s one thing to simply know what you don’t like. It takes considerably more work to identify and create the alternative. It takes skills that may require years to develop. And once you start, there’s no going back: Working outside your Unique Ability becomes as alien as working for someone else once you’ve been an entrepreneur.

However, the moment you commit to Unique Ability, things really start to accelerate for you — on a personal level, a teamwork level, and an organizational level. There’s no limit to how far you can go with Unique Ability: You can spend a lifetime at it and always be fascinated, always be getting better, and always be producing bigger results.