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How to Turn Your Future Plans into Reality Starting Today
How Do You Turn Your Future Plans into Reality?
Last week I talked about the Discovery phase in your approach to developing your second act. We focused on discovering your key strengths and life experiences. This is an exciting time for you to re-engage your strengths and your prior life experiences to have the life you want after you leave your business.For many entrepreneurs, we’ve spent a lifetime building our businesses. Sometimes you’re not sure what’s available next.
There are two key factors that connect you to the future of your dreams. The first, understand your financial goals and the second, understand your personal goals. In this series of blogs, I focus on your personal goals and dreams. If you need more help on your financial goals, how to increase the value of your business, and how to sell your business, we discuss this at our sister blog at the High Growth Business Report
This week, we go further in the 4D Appreciative Inquiry process. The second step is the Dream phase. I challenge you to dream again. For many of my technology clients, this phase is hardest because they make their living dealing with facts and figures and see their analytic skills as a critical component to their success. Continue reading
How Can Entrepreneurs Create Their Second Acts?
How do entrepreneurs launch into their next opportunities?
How do you create the future you want? As your business grows and transforms, you find new challenges to deal with. Many leaders struggle with their futures. For the serving leader, it is critical to get beyond the day to day activities and begin to develop your plans for the future. Many business owners have a difficult time determining what’s next for them beyond their business. Over 80% of entrepreneurs claim they built their businesses to be sold. Then why do so many struggle to disconnect from their business? Having interviewed many founders of high growth businesses, I have discovered how difficult it is for these leaders to create a great second act for their lives beyond their businesses.
I thought it might be helpful to share a process I use when working with these business leaders. I use a four step process that helps them reconnect with the things they enjoyed when they started their businesses while applying the knowledge they gained through growing it. Continue reading
How Do You Guide Others Through Changing Times?
How Do You Guide Others Through Changing Times?
How would you like a process that can help your people deal with changes faster and easier than you ever thought possible? What if the process not only opened you and your team to endless possibilities but also ensured faster buy-in from all the various stakeholders you impact. I’ve been guiding serving leaders through change for over 20 years, from small startup businesses to family businesses over 100 years old continuing to change to keep up with the many challenges businesses face as they grow and prosper. In one client engagement, I was dealing with a large medical practice. I was assigned a psychiatrist to work with to determine how medical professionals deal with change in high stress specialties. I asked several of my better clients to be involved in the pilot program. This allowed me to explore the topic further and it gave me access to a great team of people who deal with high stress on a regular basis.
I can’t imagine a much more stressful job than running a small or mid-market privately-held business today. I share the best process I found and help you apply it to your life starting today. I use this four step process when dealing with my clients to help them see the possibilities in their life and organizations. The process is called Appreciative Inquiry Method and was originally developed by David Cooperrider, PhD. He has continued developing and evolving the process over the years. Continue reading
What Can Entrepreneurs Learn from Boston’s Everyday Heroes?
First responders are constantly training and practicing new things everyday.
After the events in Boston last week and several calls from friends in the Boston area, I’m reminded again of how fragile our lives are. When you spend time around first responders, you learn how quickly things can change our lives. Over the years, I’ve had many friends in the military and in first responder units and still spend time working out with many of these fine men and women. After the events of last week, one reminded me of what he learned in the Navy SEALs, “the only easy day was yesterday.” It seemed to me that might be an interesting topic to share for this week’s blog. How can you apply what our finest in the military and first responders already know to your life and your business? But first, let me thank all of the people who help keep us safe. Thank you for all you do and all you’ve taught me over my lifetime about being serving leaders.
Here are four strategies I’ve learned from first responders that you can use in your life and business today. The first strategy the military and first responders embrace is they are constantly training. These men and women work day in and day out to improve their performances. They constantly train at high levels and are always getting immediate feedback on their performances. They practice constantly so that in an emergency they can instantly react. In many corporations, training is not a way of life. When I taught at Fort McNair, I shared that too many small and midmarket businesses spend little time on training their people. Because of this, they allow the business environment to control their destinies. They see training as a waste of time and their results show it. If you want great predictable results, consider adding regular training to your team’s schedule. When I add training to my clients’ businesses we achieve record sales months in less than 60 days, month in and month out. Continue reading
How do you build a life that you want to live in?
How do you graduate to the life you want?
Two weeks ago I asked you three big questions to get you restarted on seeking the life you want. I asked you to think about what it is you really want in life and, as importantly, what you don’t want. How will you know when you’re successful? I promised this week to help you begin the changes required to live the life of your dreams. To do this you have to answer several more questions, to keep moving forward.
Before we begin this journey together, I have to ask, “Are you committed to making the changes you need to succeed?” Let’s face it, it’s very difficult to change. By nature, many of us feel that we are right and, to be honest, we see change as a painful event. At worst, it is an experience that should be avoided, if possible, and, at best, something that happens once a year, needed or not. So, before we take another step, are you ready to change? If you’re not, that’s okay, but understand the cost if you don’t change. You can hide behind all the crazy ideas in the world. You have everything you need, all you have to do is wait and the world will come to your door. I have another question for you. How’s that working for you? If life was working out the way you wanted, you wouldn’t be reading this blog today, would you? You would be out taking positive action towards the change you want to be in the world. Continue reading
How to Lead Like Prime Minister Thatcher
The partners you choose can make a huge difference in our world
On Monday, April 8, 2013, we lost a truly remarkable lady and leader. Before there was Condi or Hillary, there was a woman who could stand up to men and lead their country to greatness. To paraphrase Churchill, I would say Prime Minister Thatcher was a riddle wrapped in a mystery inside an enigma. When Prime Minister Thatcher spoke, the world listened. After the she left the world stage we heard very little from her again. She was a paradoxical leader at a time when world freedom was at stake. She was a conservative feminist. She chose to lead in difficult times. What can we learn from this unique woman who helped create the world we live in today? Continue reading
How Do You Reach for the Top Again?
What tools do you need for your new climb?
How do you decide what you want in life? I find many of my clients are facing changes they couldn’t imagine in their careers. It doesn’t matter how old they are or what they are involved in, many are going through major life transitions. Some are as young as 30 and some are older, in their mid 60’s, but this extended, uncertain economy has given them a chance to reexamine what they do with their lives. I thought it might be helpful to share several questions I use to help these people reconnect with their passion and purpose in new ways. I use these three questions as an assessment with people to see what’s going on in their lives when they seem listless or just don’t seem like themselves. I use many different assessments in my role as strategic advisor. Most people enjoy them and I find they increase learning velocity versus more traditional methods used in the coaching and counseling profession. Continue reading
Remembering Jesus, My First Serving Leader
How do you deal with challenging times?
In my home, growing up, I met my first serving leader. I was introduced to him by my grandmother at a very early age and he has been with me ever since. He will never leave me. My life has been blessed by many serving leaders who have helped me become the man I am today. I wonder if the leadership lessons I learned so many years ago still hold up in today’s changing world. Its Easter week and growing up it was always a very special week in our household. To honor him, I would like to share the several critical leadership lessons I learned about Jesus, my original serving leader.
My grandmother shared the first leadership lesson at a very early age. She was a cancer nurse when cancer killed almost everyone that it touched. She taught me that change is inevitable. She would tell me stories about how Jesus came into her patients’ lives and He would help them deal with change. It was an odd lesson to be taught, but she felt it was critical to understand the nature of life and also the event known as death. Continue reading
Are You A Purpose Driven Entrepreneur?
How does a serving leader build a sustainable business?
Why do so few entrepreneurs reach financial independence? I believe it’s because many entrepreneurs are willing to settle for less. They build an organization that will not grow without their involvement. Previously, we talked about the first three reasons why entrepreneurs start their businesses. To build an organization that people want to buy, you must be willing to work outside of your organization. Today’s blog talks about my favorite kind of entrepreneur, the serving leader. Let’s talk about what happens when you do everything right and achieve your goals that take your business from good to great. By thinking about how you’re going to leave the business early and often, you begin to create the future of your dreams. The difference in your results is staggering. The quality of your life changes in ways you can’t even imagine today. So, let me share with you how we can work together to change the world.
The fourth reason entrepreneurs start their businesses is to change the world. I find most of my better known clients have an incredible drive to change the world. They are passionate about what they do and they never tire of working with people and their key ideas. These people are visionaries and serving leaders. During the early stages of their business, they are able to woo people to their ideas and their business. They reach out to many different stakeholders in their communities.You can feel the energy coming off them when you sit down to talk with them or if they are in a room full of people. Continue reading
Why Did You Start Your Business?
When do you start planning to sell your business?
In the course of daily business activities, I spend time at various meetings, conferences, and other organized functions where I meet a lot of entrepreneurs. Inevitably, the conversation turns to, “So, what do you do?” I explain that I help entrepreneurs plan and get their businesses ready for sale. I’m amazed how often I get the response, “Oh, I’d never sell my business. My business is my life!” Really? Are you one of those entrepreneurs that started a business because you don’t have a life and this was how to get one? I didn’t think so, either. Entrepreneurs start their businesses for a wide variety of reasons, but here are the four most common ones and how planning to sell your business can help you accomplish them. Continue reading