by Helena Escalante | Goals, Growth, Habits, Leadership, Mindset, Planning, Productivity, Resources, Tools
Estimated reading time: 3 minutes, 47 seconds. 
TODAY’S IDEA: Leadership skills from Sam Walton
— From Building on Bedrock: What Sam Walton, Walt Disney, and Other Great Self-Made Entrepreneurs Can Teach Us About Building Valuable Companies by Derek Lidow
Derek Lidow, is one of my favorite entrepreneurs. He was the CEO of a USD $2-billion public company, and left because he saw a need in the market. In truly entrepreneurial fashion, he decided to fulfill that need, founded iSuppli (a leading market research firm), grew it successfully and sold it for $100 million. Today he gives back by teaching, mentoring and writing. In his latest book, Building on Bedrock, he shares his insights on what it takes to be an entrepreneur with detailed stories—warts and all—of well-known and not-so-well-known entrepreneurs to illustrate the who, what, when, where, how much and why of their successes and failures.
One of the known leaders that he focuses on throughout the book is Sam Walton, the founder of Walmart. Lidow analyzes 5 core skills that Walton had—and that every leader must have—in order to accomplish their goals. We can all learn so much from this!
- Self-awareness. “Sam always listened and watched to see what could be improved… as soon as he realized he had a gap, he acquired and practiced the requisite skills. Self-awareness is itself a skill, not something you’re born with. You can learn it—learn how to identify your capabilities and your personal modes of learning and self-improvement.”
- Relationship building. “Sam was highly skilled at building relationships—creating strong, shared objectives with others. It’s a skill that you can learn and master, whether you are an extrovert or an introvert. […] Sam most likely mastered relationship building by deliberately practicing with people to whom he wanted to get closer. When he set a goal of getting to know somebody, he accomplished it and then figured out how he could do it better the next time.”
- Motivating others. As most leaders, Sam was charismatic. Contrary to popular belief that this is an inborn trait, Lidow says, “the ability to motivate other people is a skill that you can learn and practice. Sam’s technique is classic: he made people feel good about themselves in the context of doing something important [whether for Walmart, church, a sports team, etc.]… You can imagine him saying something like, ‘it’s amazing how well you penetrated the defense in last night’s game; what’s your new technique?’ People on the receiving end not only feel good about themselves, but also want to rise to the occasion again.”
- Leading change. Lidow states that most change is confusing because it’s usually poorly envisioned and poorly aligned, and I would add to that poorly communicated. However, in the case of Sam Walton, he was constantly changing things to improve them. “The associates and managers of Walmart expected change, embraced change and viewed change as positive… because Sam explicitly let them know why each change was important, what was expected, and how they could benefit from it. […] Not that there weren’t surprises or mistakes, or disappointments, but Sam’s weekly meetings meant that adjustments and mitigations were made quickly.” By having weekly meetings, outlining the changes to be made, and receiving feedback and suggestions on what went well, what didn’t, and what needed improvement, Sam was continually engaging in intentional and deliberate practice and, thus, honed in his change leadership skills that way.
- Enterprise basics. “This too,” says Lidow, “is a learned skill, not one you’re born with… [Sam] created simple routines (i.e., processes) that made repetitive tasks… as productive as possible, so he and the organization could focus on relentlessly implementing improvements (i.e., projects). He diligently created a culture of people who loved to undertake projects and use processes to make customers happy…” While this last skill may seem to apply solely to entrepreneurs, I would respectfully disagree: I think finding ways to operate effectively, productively and using our time wisely is the best that we can do for ourselves, our workplace and all our efforts.
ACTION
TODAY: Think about how you apply these 5 leadership skills from Sam Walton on a daily basis. Rate yourself and figure where you need help. Figure out how/where/what kind of help you will get.
FUTURE: One of the most important things as a leader is to develop your relationships: practice deliberately. Set up a goal to meet and get to know one or more people, and then go about doing so. I’m excited for you—let me know how it goes!
Know someone who could use some help to sharpen their leadership skills? Please share this post via email, Facebook or Twitter, thank you!
by Helena Escalante | Accountability, Growth, Habits, Leadership, Mindset, Opportunity, Tools
Estimated reading time: 3 minutes, 15 seconds.
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:
- 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.
- 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.
- 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.”
- 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.”
- 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. 🙂
by Helena Escalante | Celebration, Goals, Growth, Habits, Leadership, Mindset, Tools
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.
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.
- 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.”
- 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.”
- 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! 🙂
by Helena Escalante | Collaboration, Creativity, Habits, Leadership, Mindset, Opportunity
Estimated reading time: 1 minutes, 0 seconds.
TODAY’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!
by Helena Escalante | Accountability, Collaboration, Goals, Growth, Habits, Leadership, Mindset, Productivity, Tools
Estimated reading time: 2 minutes, 55 seconds.
TODAY’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!
by Helena Escalante | Creativity, Growth, Habits, Mindset, Opportunity, Tools
Estimated reading time: 3 minutes, 5 seconds.
TODAY’S IDEA: Where do baby (carrots) come from?
— From Hunch: Turn Your Everyday Insights Into The Next Big Thing by Bernadette Jiwa
Richard Branson, the founder of Virgin Group, has been quoted as saying, “Opportunities are like buses – there’s always another one coming!”
And Bernadette Jiwa, business and brand strategist, as well as a fantastic author of many books, echoes Branson’s thought: “every day is filled with opportunities, either seized or missed, ours for the taking if only we can learn to listen for them. Every breakthrough idea starts not with knowing for sure but by understanding why it might be important to try.”
Jiwa goes on to say that we are all able to generate insights to see those opportunities and make the most out of them. Being insightful is not dependent on being special or having resources, innate gifts, special circumstances or any other advantage; on the contrary, anyone can develop killer hunches.
But how?
By cultivating curiosity, empathy and imagination “we become more attuned to opportunities that would otherwise go unnoticed. A hunch happens at the intersection of all three qualities:
- Curiosity
Interest + Attention: Learn to see problems and discern which ones are worth solving.
- Empathy
Worldview + Understanding: Understand how it feels to be the person with the problem.
- Imagination
Context + Experience: Build on what is already understood in order to connect ideas and describe new possibilities for the future.”
Here’s an example of an opportunity that Jiwa calls a case study in imagination: baby carrots. Spoiler alert: there’s nothing baby about them. (If you’re heartbroken by this realization, read on, the story of how they came about is remarkable and will make you smile!).
Mike Yurosek was a concerned farmer: from his yield of 2,500 tons of carrots per day, he’d have to cull 400 tons because “they weren’t ‘pretty’ enough to be sold in grocery stores. Carrots that were misshapen, broken or bent couldn’t be packed for selling.”
One day, he had an idea: he cut the ugly carrots into uniformly shaped 2-inch pieces, and then sent them to a packing plant to be peeled. The edges were smoothed out in the process right before bagging. Ta-daaaaa: “the bagged baby carrot was born.”
Yurosek sent the bags of baby carrots to a supermarket in Los Angeles. “The next day [the supermarket] called and requested that he send them only baby carrots. […] The baby carrots were not only popular with customers; they were also a terrific earner for store owners. […] While other farmers focused on perfecting production techniques in order to minimize waste, Mike reimagined the problem by thinking creatively about what it was that customers wanted, boosting carrot sales by 35 percent and transforming the industry.”
Now every time you see baby carrots you’ll think about this story!
ACTION
TODAY: Take a project you are working on and make a list of things that need improvement or that don’t work well. Then brainwrite for possibilities to solve those issues. Let your curiosity, empathy and imagination flow. What did you come up with?
FUTURE: Whenever you come across something that frustrates you, let that be the fuel to reimagine the good or service in a new, improved light. By doing this, you will be developing and strengthening your curiosity, empathy, and imagination muscles. Take the time and make a game out of it. How many things can you change to make it better? How can you redesign it from scratch to take away the flaws? How can you use it for other purpose? How can you add additional features? How can you strip it to the bare minimum? Your answers will surprise you. Keep asking, keep reimagining.
Know someone who loves baby carrots? Or someone who needs to develop their imagination? Please share this post with them via email, Facebook or Twitter, thanks!
