ARTICLES
Written By Rich For You.
Where There's A Will . . . There's Bill.
Bill emphasizes dynamic estate and gift planning, multi-generational wealth preservation and specialized tax and non-tax private client services for high and ultra-high net worth individuals.
Many people tend to put things off in life. And the bigger the decision, the harder it is to make a choice. Especially when it comes to your families' estate. Be it yours, or your parents, a lot of people tend to either make quick, emotional decisions, or no decision at all. And that's a bad thing.
That's why you need a trusts and estates attorney. They design and implement your plan to preserve, protect, and transfer assets is most effective when completed BEFORE a crisis occurs.
The crisis, however, sometimes arrives without warning, demanding immediate responses to complex legal, tax, business, and health care decisions. Inadequate preparation for life transitions and delayed response often lead to increased costs and loss of control over important personal and financial choices.
When I run into a great resource, my marketing and advertising hat appears, and I want to tell the world about them. If you have an estate, or know someone who has an estate, you need to meet William Tanzi. For over 25 years, Bill has conducted a sophisticated private client and wealth preservation practice centered on providing experienced and effective legal counsel to high and ultra-high net worth individuals and their families.
Bill is a good friend, colleague, and all-around great guy. I don't blog about friends often, but when I do — I know my readers will benefit.
He emphasizes dynamic estate and gift planning, multi-generational wealth preservation and specialized tax and non-tax private client services for high and ultra-high net worth individuals.
So if you want to keep what you have and ensure your kids are protected too — you need to call Bill.
How I Beat Procrastination Every Day.
What one thing are you procrastinating on right now? What are you putting off? Procrastination is a dirty word in my office.
I just hit 650 articles this morning. About one article every other day for five years*. WOW.
Here's the hard truth — there are two types of people in the world:
- One who quickly writes a blog post every day. Easily. It flows out of them like a skittles rainbow.
- One who tries to write every day. It's hard. You start to question yourself — did I write this already? Definitely not a rainbow happening here.
I'm #2. But to have a growing and robust practice, I made a commitment to myself, my clients, and my readers that I would write every other day.
I get up every morning at 4:30 AM, sit down at my laptop, and write (okay — I shower first). And I say this mantra to myself:
- Get it done.
- Don't put it off.
- Make it happen.
And at first, my 'worry' brain takes over and begins to toss out obstacles:
- You have NO ideas. You have an empty brain.
- No one is reading your stuff. Why write it and waste your time?
- You're wasting time on this. Don't you have to check email?
- You are a failure. Think of all the times you screwed up . . .
- Your old friend Procrastination stops by for a visit (the guest who would never leave). Do it later — you'll be better at it.
But then, I wipe all those BS thoughts out of my brain (because they aren't true) and TAKE ACTION. I sit down, open my laptop, and start writing. And guess what? Withing 20-30 minutes, I have a article to edit!
Yes, it's that easy.
As Eckhart Tolle calls it, The Power of Now. "Be present as the watcher of your mind -- of your thoughts and emotions as well as your reactions in various situations."
My interpretation — Don't let the 'busyness' of your worries take over, don't let fear creep in, and above all, don't procrastinate.
As Nike says, "Just Do It." So I write. And write. And write. And guess what?
It sucked at first. But after six months, it's a lot easier. So I keep at it.
Now to YOU:
What one thing are you procrastinating on right now? What are you putting off?
Take the first step and start getting it done. You'll find it's not that hard, or time consuming.
That's just your ego speaking.
*Here's my math:
- 104 Saturdays/Sundays and two weeks vacation give me an approximate balance of 250 working days each year.
- Total working days in 5 years: 1250.
- 1250 days divided by 650 articles equals 1.92 days. So rounding up we get every other day.
The Top 10 Commandments Of Work.
I’ve been making a list over the past six months of commandments about work. I get requests all the time to bundle them up into a post.
I’ve been making a list over the past six months of commandments about work. I get requests all the time to bundle them up into a post. So here they are:
1. Be the go-to person in your area.
Know your industry inside and out, you won't do well if you just know your job. Learn what's happening, who's up, who's down, any new processes and practices, who are the stars, etc.
2. Cultivate and consistently grow your contacts.
You can never have too many friends, colleagues, or connections.Learn how to communicate, both written and verbal. Most people stop once they start a job — this is death for any career. It's not only what you know — it's who you know too.
3. Ensure your superiors and clients ALWAYS look good.
This is not the same as brown-nosing — do the right thing and take care of the people that sign your check. When they move on to bigger and better things they will call, every time.
4. Know your strengths and weaknesses well.
Strengthen your strengths and keep a tab on your weaknesses so they don’t sabotage you.
5. Be totally honest in everything you do.
Even if it hurts in the short run. Solid ethics always trumps sharky snarkiness.
6. Don't ever get trapped into a dead-end position because you're scared of change.
Move. Change is good and will open new doors. Trust me.
7. Treat everyone from the CEO to the janitor with the utmost respect.
Yes, you do have time for everyone — I start conversations with security guards. When my battery is dead, guess who offers a quick jump?
8. Never stop learning.
Stay hungry for knowledge and experience. Not only does it feed itself, it becomes fun.
9. Listen. Don't talk all the time.
People you meet everyday have the most interesting and powerful things to say that can change your life.
10. Mix with other successful people.
To play better tennis you must play tennis with better tennis players. Seek their advice, listen to what they say, and apply it. Go find where they live.
Can you think of any others? Which ones have rung true for you in your career so far?
Get Rid Of Stress Right Now.
A psychologist walked around a room while teaching stress management to an audience.
A psychologist walked around a room while teaching stress management to an audience. As she raised a glass of water, everyone expected they'd be asked the "half empty or half full" question. Instead, with a smile on her face, she inquired: "How heavy is this glass of water?"
Answers called out ranged from 8 oz. to 20 oz.
She replied, "The absolute weight doesn't matter. It depends on how long I hold it. If I hold it for a minute, it's not a problem. If I hold it for an hour, I'll have an ache in my arm. If I hold it for a day, my arm will feel numb and paralyzed. In each case, the weight of the glass doesn't change, but the longer I hold it, the heavier it becomes."
She continued, "The stresses and worries in life are like that glass of water. Think about them for a while and nothing happens. Think about them a bit longer and they begin to hurt. And if you think about them all day long, you will feel paralyzed – incapable of doing anything."
Remember to put the glass down.
What glasses are YOU holding onto? Can you get rid of ONE glass today? What would your life be like if you ELIMINATED that glass?
Do it today.
Image provided by ex_magician at Flickr.
You Will Own The Room! Or How To Present Effectively.
One of the best ways to grow your practice is to speak to large audiences and give them actionable knowledge. Once you do that - they have ‘test-driven’ the car, now they want to buy.
Last week, I presented to the International Coaching Federation's Career Coaching Group. The Career Coaching Group is a HUGE network of career coaches who span the globe helping executives, managers, and C-Levels make their way through today's corporate environment. I was asked by the leaders of the group to 'coach' all the coaches on how to present more effectively. I was honored to speak to the group and as a present to my readers, here is the recording of my workshop and the actual PDF presentation to follow along (see below).
A synopsis of the topic:
- What people want from a presentation
- How people learn and understand
- Good tools and techniques with bad ones
- How to deliver great presentations
- How to grow your practice with workshops
Link to Recording (mp3)
Top 10 Tools I Use To Work Anywhere.
I have a number of systems and tools to help me be my best at any time for my clients and also be able to boot up my office virtually — anywhere at anytime.
Ever since I left my corporate gig (so many years ago), I've had to modify my practice to work on the go and be 100% effective. I can't 'forget' anything, I can't carry around stacks of paper, and I certainly can't lose any important information.
What do I do? I have a number of systems and tools to help me be my best at any time for my clients and also be able to boot up my office virtually — anywhere at anytime:
1. Dropbox
Dropbox is a my online file manager which lets me store up to 100GB, plus it’s also a good way to sync my files across my various work and home computers and mobile devices. I can share files for collaboration, store and share photo and video galleries, and my data will all be safely backed up on Dropbox's secure servers. It connect seamlessly with my file manager, so it acts just like a hard drive — but it's virtual. And when a client needs a big file, I can grant them access to my Dropbox temporarily, let them grab the file, and then lock it down again. It's easy, cheap, and it's never failed me. Check out Dropbox.
2. Crashplan & iCloud
This is my online backup and as my tech team has instructed me, I should have it in two places. So I initially have all of my files regularly backed up to iCloud, Apple's proprietary cloud-based platform. It's transparent and I never notice it working in the background, surreptitiously copying my files and storing them offsite on one of their super-server farms somewhere in Utah. In addition, I use Crashplan, a continuous offsite backup platform with anywhere mobile app access. Even though both have been tested and proven, I have lived through file-loss and hard drive failures, so I have the scars. That's why I use two systems. Check out Crashplan & iCloud.
3. WD 1TB HD & 1TB Portable HD
Now let's move from virtual to actual hard drive backup. This is where I've earned all of my scars. Many years ago, I had an Iomega HD hooked to my laptop and thought the world was all pink and rosy. Then one day, it started to make a funny noise and suddenly, I couldn't access that drive anymore in file manager. All of my files and music were stored on that HD. It took three weeks and $600 to have a service recover most of the info and transfer it to DVD's. Never again. Today, I have two desktop 1TB hard drives from Western Digital (they come highly rated). Their redundancy allows me to ensure if one HD dies, the other has a mirror image at all times. In addition, I carry around a 1TB portable HD to hold many older files that cannot fit on my cherished MacBook Air. Check out my WD 1TB HD and 1TB Portable HD.
4. Macbook Air
My baby. This is the glue that holds my business together. Ever since I started my business, I've been on Apple products. Why? THEY DON'T BREAK. And if there is a problem, Apple is right there on the phone and at the store ready and willing to give me first-class service to fix it immediately. Why the Air? It is ungodly light — it's almost like my iPad. And since it has a 128GB SSD, it boots up within SECONDS. And it's scary fast too. Yes, there is a trade-off with graphics cards and HD space, but all of these weaknesses fall away when you pick it up and start working with it.
The 11-inch Air’s trackpad is still smooth, responsive, and easily the best in its class while the 13-inch display is brighter, clearer, and so vivid over ANY other laptop (other than the retina models). Battery life is phenomenal — I get at least 8 hours on a single charge, so I don't have to run around with my power cord all the time. Check out my Macbook Air.
5. iWork - Pages, Numbers, Keynote
These are the tools which make my business hum. For over 20 years, I worked on a PC and voraciously toiled with MS Office Word, Excel, and Powerpoint. They're great programs, but they're expensive and bloated. Honestly, looking back to my actual usage of each program, it was:
- Word - 30% - I did letters, newsletters, and one-sheet flyers. That's it. No mail-merge.
- Excel - 25% - I ran my financials and linked spreadsheets. But I was no CPA - no pivot tables, etc.
- Powerpoint - 100% - I ran this into the ground and used up all of its features.
Why did I move to iWork? First, it's much cheaper. iWork is $49.00 where MS Office used to run me $300-$400. And no bloatware - each module allows me to all that I could do with Office, but so much more.
- Pages - So much easier to use, the graphics look great, and there aren't a million items to choose from. Fonts are phenomenal and the template layout is easy to execute.
- Numbers - Think of it as Excel Lite. It's perfect for my practice - I never get into trouble and it's easy to develop a quick pie chart or graph for a presentation.
- Keynote - The real power-player of iWork. Hands down superior to Powerpoint - when I give presentations with Keynote, attendees flock to me and ask, "Who does your presentations? I've never seen them before."
Check out iWork.
6. Wordpress
This is the platform I use to run my website, blog to my readers, and get clients. It's robust, the leader in the industry, and it always has additional features to allow me to upgrade immediately. Not only that, it is so easy to use — logon, click 'New Post' and I'm off and running! I use the Thesis template and had Nurenu Brand Marketing design and build it. Check out Wordpress.
7. iPhone & IPad
Too much has been written on both the iPhone and iPad (and today you're probably going to see a lot more). But I use them EVERY day:
iPhone - this is my portable computer. I check it at least once every 10-15 minutes and I use over 70 apps to make my business and personal life easier. I've owned the original iPhone, the 3Gs, and now the 5. All three have been consummate workhorses and have allowed me to be the best coach I can be. Check out the Apple iPhone.
iPad - I use my iPad both as a personal tool (reading, surfing, movies, music) and a professional tool (presentations, training, blogging, email, etc.). Even though I have a Macbook Air, my iPad allows me to instantaneously access information and make decisions within seconds. It too has 60-70 key apps that help me navigate the web for info. Check out the Apple iPad.
8. Go To Webinar
This is my online tool to host my various Masterclasses (Get Tough!, and soon: Bulletproof Your Career & Accelerate Your Coaching Practice) and reach hundreds of members weekly. I can host teleconferences, webinars with presentations, or full video. It's reasonable ($99/month), reliable, and the interface is intuitive. Most competitors to GTW have terrible usability and are all but impossible to use — just ask anyone who uses these tools. Check out Go To Webinar.
9. Get Response
When I started my coaching practice, I used to send out PDF newsletters via email. What I started to find is a severe drop-off of readership because corporate mail servers began to interpret my emails as spam (even though their employees requested them). I had to turn to an automated service. Initially, for many years, I was with a cool service called Emma. They got the job done and their interface and look gave my messages a real elegance. Unfortunately, they became pricey if I wanted to send out multiple messages during a month. I then moved to Constant Contact. I found their interface and design wanting and ultimately realized they were nickel and dime-ing me for every little service. I then found Get Response. The perfect mix of Emma and Constant Contact — taking the best of both worlds and delivering them for less than $20 a month (and it has SO much more!). Check out Get Response.
10. Thule Crossover Sling Pack
I've been professionally working since 1984 and I've carried scores of briefcases, bags, backpacks, etc. back and forth to work. Lately, I've noticed many people pulling back on all the crap we carry and really culling down to what we really need to get the job done. That's why I bought the Thule Sling Pack. It's light, fits comfortably on my back, frees both hands if I need them, and holds ALL the stuff I need to be a traveling professional warrior. It has many pockets and is thoughtfully designed to organize all of the errant cables, pens, papers and electronics I carry. It's sitting on my table as I type (see photo). Check out the Thule Crossover Sling Pack.
Well . . . that's it. I hope you've enjoyed my extended post this morning and it gave you a little insight into the powerful tools I use to keep my practice running smoothly. If you have any questions about any of the tools I listed, feel free to contact me or leave a comment below (I LOVE comments!).
Do You Have Career ADD?
Are you paying ATTENTION? Are you PRESENT when you work? Do you solve PROBLEMS? If you say 'No' to any of these areas, you probably have Career ADD.
I've been wanting to write this post for many months because there's been an exponential increase in what I see happening out there in business. Are you paying ATTENTION? Are you PRESENT when you work? Do you solve PROBLEMS or do you put them off?
More and more, I see a clear divide between two types of people:
One type, let's call them the Makers & Shakers, come to work early, work with excellence, think outside of the box, take calculated risks, deliver on-time (or early), and stay true to their promises. The get the job done and ensure their bosses and teams respect them. Their clients, customers, and vendors sing their praises and they come to the job with a big smile and a positive attitude.
The other type, let's call them the Slackers & Fakers, don't live up to and fall quite short of the Makers & Shakers' level. They are late to every engagement, they do 'just enough to get by' at work, they do the same thing every day without improvement, they are usually late with all deliverables, and over-promise and under-deliver. They rarely complete what they say they're going to do and their bosses and teams regularly have issues with their performance and decisions. Their clients, customers, and vendors are slowly going away or shunning them. Finally, they come to the job with a huge weight on their shoulders and complain incessantly about all the bad luck they're having.
Which one are you? You probably say to yourself, "I'm a Maker & Shaker!". But there's a trick here.
This delineation is not a light switch — it's a spectrum. At one end are the Maker & Shakers and at the other the Slackers & Fakers. Somewhere on that spectrum line falls your present state and your future.
Look back at your current performance (it doesn't matter if you have your own business or if you work for an organization) and score where you fall within the BIG 7:
- Regularly come to work (or meetings) early or arrive late?
- Think outside of the box or just get by with the same old stuff?
- Stay true to all of your promises or over-promise and under-deliver?
- Get the job done or procrastinate and miss deadlines?
- Boss & team respects you or they have issues with your performance/decisions?
- Client/Customers/Vendors love or shun you?
- A positive and enthusiastic attitude every day or a negative and complaining attitude?
ACTION: Draw a line on a piece of paper and chart where you fall on each of the BIG 7 items. Be honest!
If you have Career ADD, most of your BIG 7 items fall closer to the Slackers & Fakers end. You need to start addressing some of the more serious areas — but the best part? It's a simple choice and your state of mind. Any one of the BIG 7 can be turned around with a concerted, willful effort and repeated attention to not slack back to the dark side of the BIG 7.
It's easy to make the decision — unfortunately, it's hard to make it a habit. You have a lot of work to do.
P.S. In no way is the use of the term ADD in this blog a denigration of people who suffer from ADD. I used the term to capture an associative behavior that impacts the typical executive or business owner.
Image provided by gemsling at Flickr.
This Guy Just Used Jelly Beans To Change My Life.
You might remember ZeFrank — a really funny and insightful individual. And now . . . Jelly Beans.
You might remember ZeFrank — a really funny and insightful individual.
How To Say Goodbye To Co-Workers On The Last Day Of Your Internship.
I thought I would give back to all the interns who have worked for me and have coached with me. Here are some great responses (from colleagues) who experienced a classy goodbye from an intern.
I work with a LOT of interns and they always have the BEST questions!
I thought I would give back to all the interns who have worked for me and have coached with me . . . here are some great responses (from colleagues) who experienced a classy goodbye from an intern:
Intern:
"You can say farewell to everyone individually, you can send a mass email with all of your contact information, or, what I recommend, do both."
Long-ago Intern, Now Employed:
"The ones you are familiar with, say goodbye, the ones you dont talk to, to hell with them, and to your boss give them wine/candy and a thank you card (they may want to hire you after that!)."
Current Intern:
"Most people will come in to your office and say something to you throughout the day. You can give a general "thank you so much for making me feel welcome and making this a great experience". You bring up specific instances when they helped you like "Thank you for teaching me all those Excel commands!" or refer to an inside joke you might share. I was always told "hopefully we'll see you around here full-time next year".
A Past Intern, Now an Executive:
"During one internship, I walked around throughout the afternoon and stopped to chat with each person and said goodbye. I wrote a personalized thank-you note to every employee I interacted with to thank them for the various things they did for me and left it at their desk at the end of the day. When I ran into coworkers and bosses later on, every one of them brought up those thank-you notes and said they were impressed and everyone was so excited to receive one."
So take the time and say goodbye personally and send a thank-you note. It works.
What Is The One Simple Change That Made Your Life Better?
I did some research on the web and then asked a number of colleagues, past and present clients about what they changed to make their life better.
I did some research on the web and then asked a number of colleagues, past and present clients about what they changed to make their life better. Not surprisingly, this list delivers many simple changes one can easily do.
This is what I came up with:
I stopped watching the news. It is all over-hyped drivel designed to keep you afraid. It's not good for you.
3 Clues You're About To Be Fired.
Time to be Columbo at work.
You go to work every day. You put in long hours. You get your tasks done. Everyone is happy. You think you're doing a great job — your position is safe — your expecting that promotion or raise.
You're WRONG.
A lot of people are in this mindset right now. Just keep your head down, do your work, don't make waves, and good things will be coming your way. It's the mistake many people are making.
All is well and good until there's a knock on your door or you're asked to a conference room at 7 AM. Oh look! It's your boss with someone from HR!
What happened? What did I do? OMG — I'm let go?
Here are the three most prevalent clues one received when things start to get "hinky" at work:
1. Communication is severely restricted.
Suddenly, the people you rely on the most are suddenly not available. You set up meetings, they cancel. That crucial status update meeting you scheduled? Postponed. It seems many things around you are starting to circle and enclose you.
What to do: Start prodding and poking the communication bubble. Look for a way to 'pop' it. Sometimes people find they just need to alter the way they communicate and instantly everyone notices your message or concerns. Maybe other people are yelling and screaming — so they get the attention. You need to get it back.
2. Projects and initiatives you are spearheading are suddenly downgraded.
You're at the top — everything is going fine and then, over a period of weeks or months, some of your projects are cancelled, you might lose a key resource, or the regular interest paid towards your work is moved from critical to on-hold.
What to do: Step back and take a broad view of your situation. Are all projects and initiative on hold? Maybe it's just not you. But if it is, try to understand the WHY of the downgrade — maybe it was too expensive, moving too slow, or your project was too strategic, too out there. Maybe you really didn't get the right buy-in from the important people at the top. Make that happen . . . today.
3. You get a 'different' vibe or tonality from your superiors.
Your great relationship with your boss suddenly changes. He/She speaks and directs you from email rather than meetings. Everything suddenly is in writing. His or her peers are standoffish or act weird around you.
What to do: I always start out by turning the mirror on myself. Is there anything I'm doing differently? Did I change anything? Sometimes, it could be as simple as a clothes-change or style modification. Second, check out if something personal is happening to your boss. Ask around or more importantly, ask them politely. You might find out their spouse is ill or their child was just diagnosed. Sometimes it's not you.
Then again — It's YOU.
If these things are happening and some of the suggestions don't work, your name might be on a short list somewhere. If two or all three of these things are happening — start taking steps to secure possible new digs somewhere else. Get your resume in order, start reaching out to key influencers, and start getting out and meeting recruiters.
You've received a message — take action!
POST YOUR QUESTIONS OR COMMENTS BELOW
P.S. The alarm bells are ringing at work — and you don't know what to do next. Don't worry - you and I can work on it together so you instantly develop a plan of attack - Let’s talk. I’ve worked with thousands of people who wanted to take assertive steps in this area — call or email me to schedule a complimentary session.
How To Be Successful 80% Of The Time.
Most people forget that to be successful, you have to get out of your office chair and meet people.
“Eighty percent of success is showing up.” One of my favorite quotes from Woody Allen. Most people forget that to be successful, you have to get out of your office chair and meet people. To go to functions where you mingle with professionals. And be on time for appointments with those people.
That’s it. Show up.
This week, one of my clients told me a powerful story about a monthly gathering of executives that I introduced her to — this time she brought a friend along.
Her friend (we’ll call him John) works for a major consulting firm — a huge one. While at this event, John introduces himself to another attendee and proceeds to find out that this person is a major partner his firm.
This partner is impressed that John is out networking for the firm. They have a great conversation and the partner proceeds to ask him out to lunch.
What just happened to John’s career? It went through the roof and is currently in the stratosphere. Why? Because he showed up.
Over the next week or so, start looking for opportunities to get out and meet people. Spread your wings — start making friends and bringing home gobs of business cards.
You never know who you might meet. At the very least, it allows you to get out of that stale office and into the sunlight. You get to interact with people in various vocations — the ideas will start flowing — and then magic happens.
You’ll thank me.
Who have you met (at a function, meeting, etc.) that changed your life?
Image provided by Dell's Official Flickr Page at Flickr.
10 Ways To Have Fun At Work.
Okay — it's the Monday after the Super Bowl and work is the last thing you feel interested in doing right now.
Okay — We're in the middle of August and work is the last thing you feel interested in doing right now. You can either have fun or turn it into a clock-watching, tedious, and painful nightmare. Your choice.
How can you have fun at work?
- Keep a 'glass half-full' attitude at all times. The more you look at situations and problems with a positive attitude, the more fun you will have. Honest.
- Try to do something different every day. Mix it up. Variety is the spice of life.
- Add 'pizazz' to everything you deliver. Go the extra mile and ensure that every deliverable will wow your boss, your peers and your clients.
- Sing! Dance! A little spring in your step or a quick little ditty will never hurt anyone - it will immediately change your mood.
- Be light & funny. Don't tell jokes — but a little humor or light comment always brings in a little sunshine to the office.
- Get outside. Instead of a meeting in a windowless meeting room - go outside for a 15-30 minute stroll with your team.
- Stand up at meetings. When you have a status meeting, make it for no more than 15 minutes, have everyone stand around a white board, and adjourn early. People will love you. Have meetings in the gym (if you have one) — move everyone around.
- Compliment people. Take the time to notice something on everyone you meet and mention it - be honest.
- Stay connected. Keep your contact list robust and healthy by calling 1-2 people every morning for 5-10 minutes. Catch up, keep it light.
- Think . . . There are always options. It's not the end of the world and most of the time, people aren't going to die. So don't take everything so serious and hard. Think outside of the box — brainstorm options — you will surprise yourself.
POST YOUR QUESTIONS OR COMMENTS BELOW
P.S. Changing your perspective at work isn’t hard — it just takes a little imagination coupled with action. You and I can work on it together so you instantly get what I’m talking about - Let’s talk. I’ve worked with thousands of people who wanted to take assertive steps in this area — call or email me to schedule a complimentary session.
Work Twice As Hard As Others.
Listen to the advice of Elon Musk, founder of PayPal, Tesla Motors, and SpaceX - to succeed, you have to work twice as hard as your competition.
A great interview (2 minutes) with Elon Musk, founder of PayPal, Tesla Motors, and SpaceX.
Ethical Leadership — You Need A Mastermind Group.
In Napoleon Hill's bestselling book, Think & Grow Rich, he introduces a practice called The Master Mind Group. As an executive who wants to succeed, you should regularly assemble a grouping of professionals who will help you learn, understand and grow.
In Napoleon Hill's bestselling book, Think & Grow Rich, he introduces a practice called The Master Mind Group. As an executive who wants to succeed, you should regularly assemble a grouping of professionals who will help you learn, understand and grow.
They could be an attorney, an accountant, a financial planner, a marketing/pr consultant, etc. At the end of the day, you need a grouping of smart individuals who know their areas cold and can help you with any problem, situation, or opportunity that might arise. You meet with them on a quarterly basis, off-site, usually for a full day (you also pay them for their time).
Let's look at this idea through a lens to pursue a highly ethical leadership style: Can you use this Master Mind Group practice to help you maintain (or regain) your high ethical standards? Yes, you can.
Look at the makeup of the group. You need highly reputable professionals that abide by ethical standards in their respective vocations. Now we all know that there are some miscreants who buck the system ethically (we are not talking about them) — we want the best, the brightest, AND the most ethical.
Choose an attorney, accountant, or financial planner of the highest ethical standards . . . Why? Because they will steer you straight ALL THE TIME. Adopt a 'Definite Purpose' as an objective to be attained by the alliance, choosing individual members whose education, experience and influence are such as to make them of the greatest value in achieving that purpose.
There isn't any use in forming a Master Mind Alliance just to have someone to chat with. Your Master Mind will fail if you don't have a strong motive behind it, and it's up to you to plant that motive in the minds of the group members. Your allies for this group should be chosen for their ability to help you get to where you are going. Do not choose people simply because you know them and like them.
You want the hard truth — you want these members to steer you straight and give you valuable advice.
When you have established rapport, you will find that ideas will flow into the minds of each of the members and likewise into your own mind. When the Master Mind is in effect, it produces ideas that would not come to your mind alone. I have had that experience many times when sitting in on the many groups of which I am a member on a consulting basis.
But in the end, you want these professionals to keep you on the straight and narrow and to help you when you are pulled into shady territory by investors, the board, your peers, etc. You need a voice of reason to help you navigate these treacherous waters.
The Extraordinary Power Of Teamwork.
With the right people, focused on a single strategy, can do almost anything.
Yesterday morning, a good friend of mine, Bill Erickson, told a very powerful story that hit me right in the heart. This week, a Japanese woman was rescued from being squashed by a train after she did what we all fear and fell down the gap. Dozens of passengers were quick to react and together pushed the 32-ton train carriage away from the woman in her 30s, and she was able to get away with minor injuries.
With the right people, focused on a single strategy, can do almost anything. I hear so often about dysfuntional teams and people who are unable to get anything accomplished. The real truth is — it's the manager. They haven't done the requisite work to get their team motivated and focused. That's why they are dysfunctional. So let's break down why the actions of the people at the train worked:
They were focused.
They had a common interest and all pushed at the same time to allow the woman to wiggle free. Are your people focused? Do they get distracted easily? How do you keep them on target — how to you regularly ensure they stay on target? Too often, team members are distracted by actions by others or management's changing priorities. Ultimately, they either don't deliver or miss deadlines regularly. Get them focused and keep them on track with regular updates.
They were committed.
They had a life or death situation to deal with and nothing was going to let them fail. They were all in and every little bit of their hearts, souls, and minds were determined to MOVE THAT TRAIN. Have you captured the hearts and minds of your team? As inconsequential as your work may seem, you need to light a fire under your team and keep them committed and motivated to do the extra-ordinary.
Everyone on your team needs to know and understand what is at stake if they fail and for you to show them how to succeed in a spectacular fashion. Most managers don't do this. They deliver the work and just expect their people to deliver. Show them how to WOW you. Give them the tools, direction, and resources to deliver in a powerful way.
They were energized.
The passengers demonstrated extraordinary strength to move a 32 ton train. These weren't bodybuilders or Olympic weightlifters, they were people just like you and me. What gets each of your team members fired up? Are they fired up right now?
Good managers know exactly the right motivators to push at the right times to get super-human strength, endurance, experience, and performance from their people. All by just using words. Find out what fires up each of your people and ensure you regularly make the same circumstances occur on a regular basis. It can be as simple as a compliment, a positive email, or a pat on the back.
001: Psycho Career Career Psycho
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How To Present To Deliver The Best Clients.
This is one of my favorite scenes from Mad Men where Don Draper not only grabs Kodak, he delivers a one-two knockout punch. Pay attention to his rhythm and cadence during his talk.
This is one of my favorite scenes from Mad Men where Don Draper not only grabs Kodak, he delivers a one-two knockout punch. Pay attention to his rhythm and cadence during his talk.
How to Handle An Insubordinate Employee.
This is one of my favorites — insubordination is a recurring problem in corporate life today and many of my client sessions center around how to deal with these situations in the right way.
This is one of my favorites — insubordination is a recurring problem in corporate life today and many of my client sessions center around how to deal with these situations in the right way.
How To Handle A Skeptical Client.
Second in my series of Mad Men management videos - this lesson is critical on how to handle a recalcitrant client.
Second in my series of Mad Men management videos - this lesson is critical on how to handle a recalcitrant client.
