Designing Your Life at EO Barcelona

I’ve attended EO Universities for several years now, but this year was unlike any I’ve ever attended. I went for the first time to Barcelona, Spain. The theme of the University was “Design Your Life”. The idea was to focus on what you really want out of life, and what you’re doing to get there. It’s like choosing a personal BHAG – your very own Big Hairy Audacious Goal.

As entrepreneurs, we set goals all the time, but experience has taught me that we tend to view are business goals and life goals as one in the same; that by reaching our business goals we receive all we want out of life. Shouldn’t our businesses really be the means to our personal goals and the life legacies we want to create? This isn’t the case, in that, more often than not we let our businesses consume our lives and distract us from our families, spousal relationships, and our own personal paths.

While there I attended programs on knowing your limits, and designing your personnel life plan. Verne Harnish introduced the personal one page plan, or the ME page. We discussed things like, “How important is money?” and “How much is enough?” Social entrepreneurs were a common topic, as well as finding strength in all the challenges of life and business.

A fellow entrepreneur, Nando Parrado, gave a testimonial on the Miracle in the Andes, his story of surviving 72 days when they knew no one was coming. Nando and one of his Rugby mates inspired us with strength and courage with their fight against the cold and mountains. They hiked over 40 miles of nasty terrain to find help and see the team they left behind get rescued. On a scale of 1 to 10, this story was a 15…and is to be continued in a later blog.

I began working on my own BHAG on this trip, and I made a commitment to create 3 very deep relationships that will help me grown and be a strong resource for me in good and bad times. Keith Farrazzi talks about this in his new book, who’s got your back. Working on personal goals has been eye opening for me and has allowed me to combine my thoughts about my life with the success of my business in a way that brings more meaning and satisfaction to all that I do!

Whether you are just starting out, or you’ve already achieved success in your business, have you thought about the major accomplishments you want above all else in your life? Look at it like this: If you were a big ship leaving behind a wake that rippled through all those you pass by, one day when you looked back at that wake, how do you want to have affected those you’ve passed? How do you want them to remember that wake?

The people (it is always mostly about the people) and the speakers in this beautiful city of Barcelona, caused me to stop and have some serious contemplation about my future.




The S Curve

On my trip to Canada for the EO Conference, Peter Thomas, who I introduced in the last blog, (founded Century 21 in Canada and took it to 9 billion in sales) spoke to us about the S Curve.

I spent many years in the investment world and back in the early nineties I went thought the Chartered Financial Analyst (CFA) program. We discussed the S curve in depth, which depicts the life cycle of a business. With the S tilted forward a little, you can see how a growing company starts out flat for a bit, then takes strong spurt upward and then levels off and starts to decline. This is the life cycle of most businesses, usually lasting 5 to 7 years. Hang on for a second if you think this may not be relevant to you.

Peter demonstrated that if you add the S curves on top of each other (as shown below) and draw a line between them, it shows the steep declining cycle that happens over and over again in companies with a long history. What do these companies do to keep from going out of business during these declines? They have to make changes and inject something different, something new, something innovative, to start the cycle over again. If not…what happens?

 Peter talked about how we can use this analogy in life as well. This really got me thinking, and I have spent the past week pondering how many areas of our life this theory applies too. Think about relationships and marriage. How many do you see that are short lived, that only make one S curve cycle. How many go through multiple S curve cycles? Do the longer ones add something different, something new or innovative into them? 

Think about the S curve as it applies to our other interests in life…our workouts, our diet, our favorite sport or team and even our friends. I can only imagine how many more excited fans we’ll see this year for the TN Volunteers football program with the new, young, energetic coach Lane Kiffin at the helm. What is it in our workouts, our diet, or our relationships that we can add to keep them on an upward growth curve?

If you are a business, what are you doing if you are starting to round out the top of the S? Are you looking at new markets, new products, a strategic partner, a new leader, technological innovation, or going to the web? We all know that change happens around us and we also need to change with the times!




Energizing for the New Year!

 

As this year ends like all the ones before it, we strive to go into the New Year with a fresh outlook and usually one or more resolutions to improve our lives. I often ask others around me about their resolutions and usually find that at least one always has to do with improving health. For an entrepreneur whose world is filled with constant changes, ups, and downs, health and energy are key to pushing forward.

We often hear about how much time we need and how there are never enough hours in a day and so on. We cannot add time. We all have the same number of hours in a day. The level of effort and energy we put into that time can be changed. Much is being written about our need to manage our energy and approach our day and schedule with an energy focus instead of a time focus.

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The book  blog, I experience the best results to my resolutions and goals when I create a habit or ritual around them.

By the way, if any of you are doing your yearly planning around this time and would like a free tool to help, go to

What are your dreams?

 

What an interesting week!  Last week, I traveled to New York City to participate in the Entrepreneurs’ Organization Injected Campus event, which brings the regional EO Forums together.  We met in lower Manhattan to be close to the New York Stock Exchange.

This year during our event, the NYSE opening bell was rung by InvenSense, a company that makes the motion possible in the Wii and in smartphones.  InvenSense was launching their IPO and was going public.  I had always wanted to be there in person to see the opening bell, but it also made me think of my own dream of being up there to ring the bell with the IPO launch of my own company.  That evening, it felt a little closer as my friends on the Global EO Board got to be on stage and ring the closing bell!  WOW!  Click here to see the video I took of the opening bell.

Along with going to the Stock Exchange, we enjoyed a wonderful evening dining and socializing at the Harvard Club in Times Square.  We also heard from three great speakers and spent time with EO members that have really invested time and resources into the Entrepreneurs’ Organization, thus getting a lot in return.  This entire event was extra special! 

Matthew Kelly spoke to us at the NYSE for one of the events.  He does business consulting and wrote the book The Dream Manager.”  His talk resonated deeply with me, so I wanted to share it with you.  Matthew told a story about one time when he was playing golf.  One of the guys he was playing with seemed really down, and when Matthew asked him about it, he mentioned he was having business problems.  After digging, Matthew finally got him to reveal that he has a janitorial company with more than 400% turnover.  This man was spending all his time hiring people and had no time to work on business strategy.

Matthew inquired, “Have you asked the employees what is the problem?”  The man had not and wondered if they would even know, so Matthew said, “Let’s find out.”  They conducted a survey and realized that transportation was the main problem.  They decided to get buses to help the employees, and the business changed significantly.  The turnover rate dropped to just over 200%, so they did the survey again.  This time, they discovered the employees had dreams and desires.  They decided if the employees were helped to realize these dreams, then their respect and loyalty to the company would grow.

They hired a full time dream manager to discuss dreams with the employees.  The dream manager assisted them in creating plans and processes to put them on the path to realizing their small near-term dreams, such as purchasing a laptop or planning a vacation.  Additionally, He helped them work towards their long term dreams of buying a house or getting the proper education toward a new career. 

This approach resonated with me because I am of the type that is always strategizing about working towards the things that make the future better.  I have often asked my team what it is that they are working for and want to have in their lives as they increase their incomes.  It is astounding how the culture of a company can change and how your employees’ perception and loyalty toward their employer improves!

I am working toward my dream of building a company that can go IPO.  What are you doing to invest in the lives and dreams of those around you?




6 Factors to Spotting Potential

A few weeks back when we were visiting our office in India, we took a few days and flew on over to Bangalore to attend the EO India regional event called RIE.  The India EO events are always a great time, as they’re known for bringing in fascinating speakers and holding dinner events in extraordinary places such as castles, old forts or roof top venues.  This year, staying true to their reputation, they brought in Praful Patel, the Minister of State for Civil Aviation, Vijay Mallya, the Chairman of Kingfisher Airlines and Rasmus Ankersen, a self proclaimed high performance anthropologist.

The latter, Mr. Ankersen, was especially intriguing to me.  He has done some very unorthodox research around the world to back up his hypothesis of determining how to spot potential in someone when it may not be presently visible.  Ankersen is a native of Denmark, has written 3 bestselling books and has been in training camps in Moscow, Jamaica, Africa and Brazil (to name a few) to train with and help produce some of the most successful athletes worldwide.

Ankersen traveled to Moscow to study the training of the top tennis players in the world.  He went to Jamaica to study the best sprinters in the world, to Kenya for the best long distance athletes, and Korea for the best female golfers in the world.

Checkout this video of Ankersen discussing his theory.

His research thus far has resulted in some key factors in spotting potential:

1) Always look behind a performance.

To determine what caused a performance, you have to see what was behind the performance itself.  Was it raw talent that can be coached, or was it pure technique and heart without much raw talent?

2) Magnify what you can see.

Look at what you have and don’t let it be static. A vision of what is possible with someone is important to see where the future is with them.

3) Know Yourself.

Know your capabilities, and know the difference between what you can improve and what you can’t change.  If you are gifted at growing managers of people on a business team and have a candidate with amazing analytical skills, but low people skills, you could develop their people skills, but couldn’t contribute much to the growth of their analytical skills.

4) Give hunger greater priority than ability.

Hunger is something that you can’t teach, and is much harder to pull out of someone than the skills necessary to be the best.  If two people have the same basic skills, the one that demonstrates the hunger is the one you should be watching.

5) Stay Open Minded.

In order to do this, it requires that you not judge a candidate that may take more time to mature.  Keep people curious about their potential and don’t feed them negatives that can hold them back.

6)  Have the courage to believe in potential.

It requires courage to believe that you can take someone that is not yet there and ripen them to reach their potential, even if it will take time.  In our India office, we seek the candidates that are hungry to grow and learn, even if they possess less experience in software skills, and bring them along to blossom into their full potential.

Listening to Ankersen’s talk made me see the similarities between being a coach and being a manager.  If you have a camp that consistantly leads with medals, then it says something about the opportunity to grow the talent that is around you.  What are you doing to pull out the best in the people around you? 

Here’s another video of one of Ankersen’s interviews.




Cut From the Same Cloth

26 take offs and landings took my business partner April and me to the other side of the world and back for 3 weeks of cultural diversity, hard work, and once in a lifetime opportunities. What I brought back was a new perspective on people, life and business.

entrepreneurs. We were immersed in the most diverse array of food, climate, attire, languages, and even industries.

As business owners and as people, we all struggle to balance work and personal life. We all want to better our lives, take care of our families and children, to provide a safe environment to grow and play, and be surrounded by those that we love. On the surface, we are very different, but if you take a deeper look, you see that we are all cut from the same cloth.
 




The Gift of Dyslexia

“Are you listening?” my teacher said. “Pay attention!” “Why don’t you like to read?” they would question. Seems like I heard this over and over when I was growing up. Looking at words and not grasping what they meant. Spending hours standing up in front of my mother and brother, just to repeat over and over the 20 words I had to spell on the test the next day. This part of me felt so lacking and behind the other kids at school. Kids were expected to be proficient enough by the third grade to read something more than Dr. Seuss. Not me. No, not me. I was the exception. By the third grade my reading was terrible, my spelling was worse, and my vocabulary suffered to say the least. Needless to say, I was placed in summer reading classes.

It’s seems a little funny now but it definitely was not then. It was like teetering on a rock between ignorance and intelligence, only I was unable to find a balance. My reading troubles made me feel stupid, while in other areas I excelled without trying. I didn’t know the cause; I just knew this “problem” was causing me a great deal of stress in school. I learned to read and write, but throughout grade school and into college, I lacked the ability to take notes and listen at the same time. There was a hitch somewhere between hearing something and getting it down on paper that I just couldn’t get past. In contrast, I found I had a great ability to observe how things worked in the world and find patterns. It wasn’t easy, but I had sense enough to take those strengths, identify habits that worked for me, and apply those to my studies. I managed to keep my grades mostly above average, and graduated with a Bachelor Degree in Business Administration.

My experiences led me to examine my strengths and weaknesses more closely, which led me to discover the world of Dyslexia. It was then that I learned about the gift I possessed. Yes, the gift…not the “condition” as most people refer to it. Believe it or not, the strengths that come with Dyslexia far outweigh the weaknesses. It is this gift that has contributed more than anything else to my entrepreneurial experience.

Many people refer to Dyslexia as a learning disability; to the contrary, Dyslexia is a gift that simply provides people a different perception of how they take in the world. Dyslexics process information in a pictorial, multidimensional way, whereas most people process information on a linear level. For a child in school, learning is slowed down by the standard process of teaching by reading…lineally. We process and retain much more information, much faster, when we can imagine how it appears. The weakness lies in taking those words we read and imagining what they look like, since not all words can be represented in picture form.

Think of it this way. The non dyslexic mind is like reading a Harry Potter book; you can imagine what’s happening, but you’re limited. The dyslexic mind is like seeing the movie on the big screen in 3-D. The difference in these is nearly indescribable. The dyslexic mind has a keen ability to think strategically…to be creative and see not only the big picture, but all the details that it encompasses. As we receive information, we are constantly building a picture in our mind that just keeps getting bigger and bigger. It is these abilities that, study after study show, are so common in successful entrepreneurs, such as Richard Branson. (click to see his interview)

Even though I didn’t really know all that much about Dyslexia, or why I struggled in the reading, vocabulary and spelling areas, I still felt an inner confidence about my strengths to go after the success I desired in life. I recently I read the book by Ronald Davis titled The Gift of Dyslexia. I really feel like this book does so much more than just teach people about Dyslexia. For me, it just confirmed that I have something really special and possess a gift that can allow me to do something that not everyone is capable of.

To give you a better understanding of the traits of a dyslexic person, here is a list from Davis’ book:

1. They can utilize the brains ability to alter and create perceptions

2. They are highly aware of the environment

3. They are more curious than average

4. They think mainly in pictures instead of words

5. They are highly intuitive and insightful

6. They think and perceive multi –dimensionally

7. They can experience thought as reality

8. They have vivid imaginations

From a scientific perspective, thinking in pictures instead of words can allow someone to process information thousands of times faster. It opens up the mind for a more comprehensive, deeper and thorough imagination.

The point is this: Dyslexia is not a “condition” when you look at the strengths and utilize them. I did this, I saw opportunities, and I capitalized on them. I hope that others with Dyslexia can understand that what they have is a gift they can use to their advantage, and not have to wait 40 years to learn that like I did. If you know someone who may be Dyslexic, please share this with them.

Check out this video on The Power of Dyslexia.




So Why Read My Blog?

I was born an entrepreneurial spirit, an inherent desire to create opportunities and realize them. My journey has led me around the world, given me the opportunity to learn from some remarkable people, and experience leadership on a whole new level.

In my life I have gone from pumping gas, delivering newspapers, and making clown shoes to creating a mutual fund from scratch that helped carry my firm to $1Billion in assets. I then created the first mutual fund in the world run solely by its shareholders. I have seen my ideas and investments flounder, and I have also seen them thrive. I have felt stupid and genius at the same time, and discovered the world of Dyslexia. I have identified the difference between my strengths and my weaknesses, and learned to use them to my advantage. I have found a world of people who share my entrepreneurial spirit within the Entrepreneurs Organization (EO), and with them I have been everywhere from the Pentagon to the Playboy Mansion.

Today I run a custom software development company called Efficience, with offices in both the United States and India (Effindi). My team and I have realized success and failure, and from that have developed an effective form of execution that we call FlockGPS.

I know that I did not get here alone, and I feel that my path to success is ongoing. My point is this: I got here from what I learned from other people, and it’s only fair that I pass along my awareness and experiences. Our economy suffers right now. We are the only ones who can fix it. I want to succeed, and I want to see Entrepreneurs around the world succeed, as well. We are the ones providing the innovation and job growth in our economies.

I was told a long time ago that if you really want to know something, you teach it. So if sharing this blog exposes you to ideas that will help you grow your business and inspire the entrepreneur inside of you, then I think they refer to that as a win-win.