Cultivate generosity

Estimated reading time: 3 minutes, 15 seconds.
EntreGurus-Book-The 21 Indispensable Qualities of a Leader-John C Maxwell

TODAY’S IDEA: Cultivate generosity

— From The 21 Indispensable Qualities of a Leader: Becoming the Person Others Will Want to Follow by John C. Maxwell

John C. Maxwell, one of the foremost experts and authors in Leadership says, “Nothing speaks to others more loudly or serves them better than generosity from a leader. True generosity isn’t an occasional event. It comes from the heart and permeates every aspect of a leader’s life, touching his time, money, talents, and possessions. Effective leaders, the kind that people want to follow, don’t gather things just for themselves; they do it in order to give to others.”

Maxwell offers 5 points to keep in mind for cultivating the quality of generosity in our lives:

  1. Be grateful for whatever you have. “It’s hard for a person to be generous when he is not satisfied with what he has. Generosity rises out of contentment, and that doesn’t come with acquiring more.” The idea behind this is that if we’re not happy with little, we won’t be with a lot; and this projects into our giving: if we’re not generous with little, we won’t be either with a lot.
  2. Put people first. “The measure of a leader is not the number of people who serve him, but the number of people he serves.” This is beautiful because it turns the widely circulated concept of leadership on its head by putting others first.
  3. Don’t allow the desire for possessions to control you. In our culture of consumerism, “if you want to be in charge of your heart, don’t allow possessions to take charge of you.”
  4. Regard money as a resource. In here, Maxwell quotes E. Stanley Jones as saying, “money is a wonderful servant but a terrible master.” The way to put money to work as our servant “is to hold it loosely—and be generous with it to accomplish things of value.”
  5. Develop the habit of giving. “The only way to maintain an attitude of generosity is to make it your habit to give—your time, attention, money, and resources… If you’re enslaved by greed, you cannot lead.” Maxwell quotes writer John Bunyan who drives this point home by saying, “You have not lived today until you have done something for someone who can never repay you.”

I’ll leave you with this wonderful quote as food for thought:

“No person was ever honored for what he received. Honor has been the reward for what he gave.” – Calvin Coolidge, U.S. President

ACTION

TODAY: Think of your 3 Ts: Time, Talent and Treasure (money and other valuable resources). Where are you giving of each? Where are you adding value to others? Are you being as generous as you can? Note that generosity starts with you, and you have to make sure that you are ok in order to be able to give to others. It’s similar to the instructions on board a plane: if the oxygen mask drops from the ceiling put it on yourself first, and then assist others. That’s the only way in which you can truly help. With this in mind, how are you generating value and being generous to yourself first, in a way that will enable you to give to others in a meaningful way?

FUTURE: If you’re not already there, get involved in something that will outlive you: a cause that you really care about. This way you’ll be able to channel your generosity for creating and adding value to others. Also, keep in mind that the best and most valuable thing that you can give is yourself. If you’re at a point in your leadership where you can do this and mentor others, that’s fabulous. If you’re not there yet, why not do the inverse? Get mentored so that you can learn how to do it, and pay it forward when you are ready.

Be generous and please share this post with someone who will benefit from reading it! You can share it via email, Facebook or Twitter, thank you. 🙂

Celebrate wins, big and small

Estimated reading time: 4 minutes, 24 seconds.

TODAY’S IDEA: Celebrate wins, big and small

— From: The Charge: Activating the 10 Human Drives That Make You Feel Alive by Brendon Burchard

EntreGurus is celebrating 100 posts today, wooooooo-hoooooooo!!

You’re invited! Details for the virtual party at the end of this post.

EntreGurus-Celebrating 100 posts

This lead me to pick the concept of celebration as a fitting topic for today’s idea.

In The Charge, high performance coach, speaker and author Brendon Burchard, talks about activating 10 drives of human emotion and happiness. As a bonus, he includes an 11th drive, which is that of celebration.

Celebration, Burchard says, “is a distinctly human desire that makes all our efforts and struggles and hard-fought gains… so worthwhile. It’s a drive that unites us when we see an athlete exert his or her best, when our teams at work meet the impossible deadline, when we witness a hero emerge from the inferno, when our children demonstrate character and aid others, when we, ourselves, having slogged through our own insecurities, doubts and dilemmas, suddenly emerge ahead and clean and pure, astounding those around us an even ourselves. [The drive to celebrate is] activated only in witness of our best efforts and character, and… when we’ve committed to and achieved something worthwhile, something meaningful, something in service to something larger than we.”

Most of us celebrate milestones and big wins, but what about small ones? How about our daily or weekly victories that, when compounded, lead to the big wins?

Burchard also has a video where he talks, precisely, about this. He provides 3 steps to help us take pride and joy in what we do and not take it for granted, or, even worse, diminish its importance for being small steps.

  1. Create a reflection schedule. It’s important to set a time in your calendar every week to think about the wins for that week. Ask, “What did I do well this week? What did I achieve this week? What went well this week? What good things happened that I didn’t even anticipate? How can I feel good about something that happened this week? What happened that brought me joy or fulfillment or a sense of accomplishment or even just made me feel more connected?” It’s important to build your sense of self-confidence so that you can be ok with larger wins down the line: “we have to integrate our accomplishments and achievements into our identity to feel stronger.”
  2. Allow yourself to feel the win. Get a better connection with your internal world. Think about your win: “you have to relive it, and feel it, and integrate it if it’s really going to generate confidence for you… When you’re doing your reflection schedule or even at the end of each day… just allow that heartfelt, deep connection of satisfaction or engagement that comes with recognizing yourself.”
  3. Share the win. Enjoy and be proud of what you’ve accomplished and share it with enthusiasm! When we do this “we feel better about life, we feel more engaged.” Sharing is not bragging, and you should not minimize what you’ve done: “you’re never going to get far in life by minimizing yourself.”

This last point reminds me of one of my favorite quotes by Marianne Williamson from her book A Return to Love:

“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourselves, Who am I to be brilliant, gorgeous, talented, fabulous? Actually, who are you not to be? …Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people won’t feel insecure around you. We are all meant to shine, as children do… And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.”

ACTION

TODAY: Come to my virtual party to celebrate your wins! See time and details below.

FUTURE: Set aside time in your calendar for a weekly reflection schedule. Celebrate your weekly wins and give yourself credit for what you do. Share with someone who loves you, who will be proud of you, and who will cheer for your success. And share with me too, I’m cheering for you and would love to hear and celebrate your wins!

In light of the above, I am happy to share with much enthusiasm EntreGurus’ wins during its first 100 days of life:

VIRTUAL PARTY TO CELEBRATE WINS: Now that you’ve heard EntreGurus’ wins, I want to hear yours and connect with you! So that we can chat and celebrate together, I’m having a virtual party via video conference, today, April 27, 2018 from 12:00 – 2:00 pm U.S. Eastern Time (GMT-4: here’s a time converter). Come and go as your schedule allows, all you need to do is click on this zoom link to join.  I’ll be there the whole time and would love to connect with as many of you as can make it to the party. There’s much to celebrate and be thankful for!

I am absolutely grateful and very honored that you let me share ideas with you on a daily basis. It’s been a most joyous ride so far and I look forward to many more hundreds of days together. Cheers! 🙂

Bake a bigger pie

Estimated reading time: 1 minutes, 0 seconds.

EntreGurus-Book-Habit Changers-MJ RyanTODAY’S IDEA: Bake a bigger pie

— From: Habit Changers: 81 Game-Changing Mantras to Mindfully Realize Your Goals by M. J. Ryan

Today’s idea is brief, but very insightful. It comes from the book Habit Changers, by M.J. Ryan, where she shares this concept from Guy Kawasaki, renowned entrepreneur and author of 13 business books.

Baking a bigger pie is “a great metaphor for the art of collaboration. Many people think that collaborating simply means agreeing with others, but in reality it’s the process of jointly coming up with previously unthought-of solutions that expand the pie to satisfy everyone. It requires open and honest communication and a focus on creative and novel solutions.”

Whenever you are stuck, instead of “splitting the difference” or having to compromise on a result that leaves everyone wanting, simply ask: “how can we build a bigger pie?” Creating the habit of asking this will result in bigger and better ideas for the benefit of all involved.

ACTION

TODAY & FUTURE: When you find yourself stuck, ask, ask, and ask again, “how can we build a bigger pie?” You’ll be surprised at the possibilities that this opens!

Know someone who needs to build a bigger pie? Please share this post with them via email, Facebook or Twitter, thank you!

Running effective meetings

Estimated reading time: 2 minutes, 55 seconds.

EntreGurus-Book-Common Sense Leadership-Roger FultonTODAY’S IDEA: Running effective meetings

— From Common Sense Leadership: A Handbook for Success as a Leader by Roger Fulton

Today is the 114th day since the beginning of the New Year. Q1 has ended, which means this is about the time when we’re having tons of meetings to analyze, compare, strategize and move forward. But whether it’s for this reason or any other, do we really need to meet?

In Common Sense Leadership, Roger Fulton says, “too many otherwise productive hours are spent in long, boring, marginally productive meetings.” He suggests looking at the alternatives:

“Don’t conduct a meeting if a memo will do.
Don’t send a memo if a phone call [or an email] will do.
If there’s information to disseminate, maybe [the best way is indeed] face-to-face. Out where the action is! Among your people.
However, if you must have meetings, they should always:

  • Start on time.
  • Have a definite agenda.
  • End as quickly as possible.

Get everyone back to what they do best: working!”

Think about meeting time in a different light: a 1-hour meeting where 5 people convene is really a 5-hour meeting if you look at the man-hours invested to make it happen. Is that the best use of everyone’s time? Is the “investment” on the outcome of the meeting worth 5 hours? Or are there other ways to communicate in order to free up that time and dedicate it to something more productive? And what if your meeting runs longer than anticipated?

Look at meetings as an investment and create a budget for them. For instance, if you have 3 meetings every week, assign a budget of 1.5 hours total. You can spend those 90 minutes in meetings, any way you want (e.g. 45 min in one meeting, 30 min in another and 15 minutes on the third one). Once you run out of meeting minutes, do not meet again until the following week. I will assure you that your meetings will quickly start running on time and will not go over your budget.

ACTION

TODAY: Do you have any meetings today? Take some time to think how can you achieve the same results while cutting down the time and making them more efficient? Is it possible to do a video chat instead of a meeting and save travel time for all involved? Is it possible to send an email instead? Is it possible to assign 1-2 min talking turns, so that attendees don’t ramble on forever? How about having the meeting standing up? How about taking turns on attending the meeting? Today you attend and share notes with a colleague, next week your colleague attends and shares notes with you. Test some of these ways today: even if no one else knows, test them on yourself, and once you know they work, then start sharing them with your meeting group. They will thank you! And please share those ideas with me, I’m always looking at ways to become more effective and productive!

FUTURE: Create a time budget for your meetings and stick to it. What is your return on the time you are investing (ROI)? Is it worth your time or do you need to cut down some more? Keep expanding on the many options from the action above. Do some brainwriting on how to make your meetings über-effective and achieve the results you want in less time. Test, test, and then test your ideas some more until you can find a way that suits you and your needs.

Know someone whose meetings run way too long? Please share this post with them via email, Facebook or Twitter, thanks!

Leadership lessons from nature

Estimated reading time: 2 minutes, 53 seconds.

RaccoonTODAY’S IDEA: Leadership lessons from nature

— From 10 Leadership Lessons from Nature (post on LinkedIn) by Brigette Hyacinth

Happy Earth Day!! To celebrate today, here are a few leadership lessons from Mother Nature from this great post by Brigette Hyacinth. After each lesson there’s an inspiring quote as food for thought.

Patience and persistence. “When it is time for the baby eagles to fly, they are patiently and persistently encouraged… Good leaders patiently coach and support their team until they are ready to fly on their own. They also provide an environment that empowers and enables others to take on greater responsibility so that they, too, can develop into full-grown leaders.” All good things take time to build and grow, especially solid businesses. Hyacinth refers to a quote from Sam Walton, the founder of Wal-Mart in Jim Collins’ book Good to Great: “Somehow over the years people have gotten the impression that Wal-Mart was…just this great idea that turned into an overnight success. But…it was an outgrowth of everything we’d been doing since (1945)…And like most overnight successes, it was about twenty years in the making.”

“Nature does not hurry, yet everything is accomplished.” – Lao Tzu

Teamwork. A good team creates powerful synergy and brings about great results. “Ants focus more on the needs of the colony than their own individual needs. Working for a benefit of self can be detrimental to the overall performance of the team or the entire organization. If any of the ants are not working with the team, it will be noticed. The cohesion and teamwork determines whether the team lives or dies.”

“Snowflakes are one of nature s most fragile things, but just look what they can do when they stick together.” Vista M. Kelly.

Change and flexibility. Nature is dynamic and in a constant state of flux. “There is a season (winter, spring, summer, autumn) and time for everything… Organizations go through different cycles, so always plan and be prepared. It’s imperative to embrace change and take risks. […] You can’t just have a system built on bureaucracy. Be flexible so you don’t break when the harsh wind blows.”

“Dreams are the seeds of change. Nothing ever grows without a seed, and nothing ever changes without a dream.” – Debby Boone

Strong and healthy roots. “Trees have extensive root systems. Roots are the foundation of a healthy plant. While plants can tolerate a fair amount of damage to their upper parts, they are not nearly so forgiving of damage to their roots. It’s important to have a culture that is solidly embedded in ethical and other principles if the organization is to survive. Leadership needs to be grounded in deep values that provide valuable guidance especially when there is a dilemma faced in the decision making process.”

“When solving problems, dig at the roots instead of just hacking at the leaves.”― Anthony J. D’Angelo

ACTION

TODAY: Go out and enjoy nature. While you’re at it, think about your life and/or business. Where can you apply some of these lessons of leadership to make it even better?

FUTURE: Everywhere you look, there are lessons to learn from nature itself as well as from the animals that surround us. Look. Listen. Learn. I know I have learned many lessons from my beloved dog, Aragon, such as forgiveness, being present in the moment, and enjoying the small things in life, among many others.

Know someone who would like to read these leadership lessons from nature? Please share this post with them via email, Facebook or Twitter, thanks!

Selective quitting

Estimated reading time: 4 minutes, 32 seconds.

EntreGurus-Book-Born For This-Chris GuillebeauTODAY’S IDEA: Selective quitting

— From Born For This: How to Find the Work You Were Meant to Do by Chris Guillebeau (Here’s a book review I wrote and here’s my interview with Chris at the New York Public Library.)

A quote that is frequently attributed to Einstein is, “the definition of insanity is doing the same thing over and over and expecting different results.” In Born for This, Chris Guillebeau makes the case that “most of us are smart enough to realize that if we try something new and it doesn’t work we can’t just keep doing the same thing and expect different results.” When this happens, we quit and move on, but the key word here is new.

What happens when it’s not new? Guillebeau continues, “the greater problem comes when we’ve become conditioned to success according to a certain method or plan of action. When something works for a while and then it stops working, that’s when it’s tough to change. We don’t keep attempting the same thing over and over because we’re stupid, and it’s not because we don’t know any better. It’s just that we love the familiar and change is hard.”

What to do?

We must go after the right opportunities and selectively quit projects or courses of action that are not in our best interest. But “knowing when to give up and when to keep going can feel like an unachievable superpower,” says Guillebeau. Fortunately, he offers four strategies you can put to work whenever you find yourself in this situation.

1. When the stakes are low, make changes or give up quickly. The best time to make a change is earlier in the project, when the stakes are low and, preferably, when the investment of time, effort, money, etc., has not been as significant as closer to the end (but more on this in point 3 below).

2. Fight your FOMO. FOMO, or Fear Of Missing Out “is a very human and natural human emotion, it can be dangerous if it prevents you from quitting when it’s long past time to give up. After all, if you want to be successful, you can’t live your life out of fear.”

3. Ignore sunk costs as much as possible. The term sunk costs is used in accounting and finance to mean “a cost that an entity has incurred, and which it can no longer recover by any means. Sunk costs should not be considered when making the decision to continue investing in an ongoing project, since these costs cannot be recovered.” (Source: AccountingTools.com)  But the fact that this term is used in finance doesn’t mean that it doesn’t apply to us if we are not in the field. Why do we keep watching a really bad movie and hoping that it gets better, when the logical thing would be to stop watching or leave the theatre? Because we have invested our time (and perhaps our money) in it, and we’d like to see if we can somehow make the most out of that investment. Why don’t we get rid of things that clutter our homes and offices? Because feel bad about getting rid of them when we think of all the money and other resources that we’ve spent on acquiring them. Why do some people keep working at a job they don’t enjoy? Because they’ve spent years at the company. When you take sunk costs into consideration you become chained to a false commitment, and this prevents you from choosing better options. Do not take into account sunk costs when making a decision.

4. When the stakes are high, ask yourself two questions. The questions are very simple, but don’t let that fool you, the answers will give you much clarity:

  • Is it working?
  • Do you still enjoy it?

The answers should come to you quickly and intuitively. If both answers are yes, then keep going. If both answers are no, then quit. The tricky part comes when the answers are different: when it’s working but you don’t enjoy it, or it’s not working but you do enjoy it. In either case a change is needed to get you to where you want to be. Here’s a brief diagram of what the questions and answers look like:

  • Is it working? → Yes → Do you still enjoy it?→ Yes → Keep going
  • Is it working? → Yes → Do you still enjoy it? → No → Change something
  • Is it working? → No → Do you still enjoy it? → Yes → Change something
  • Is it working? → No → Do you still enjoy it? → No→ Give up

And while giving up or quitting has a bad connotation and we don’t want to think of ourselves as quitters, just remember that by quitting something you’re not giving up on you. On the contrary, you are giving yourself the opportunity to fully chase those goals and dreams that you want to achieve.

ACTION

TODAY: Think about one project or commitment that you have going on and that is spreading yourself too thin. Apply the four strategies above and figure out whether it merits continuing or not.

FUTURE: Adopt these four strategies for figuring out what you want to keep and what you need to give up. Once you take on additional projects, make a point of evaluating your progress every so often by running your projects through these strategies. This way you’ll ensure you’re involved with projects/actions that are moving you forward, instead of weighing you down.

Know someone who needs to selectively quit a thing or two? Please share this post with them via email, Facebook or Twitter, thanks!