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Yesterday I Met a Rich, Self-Made Hostage. Are You Becoming One?

I was stunned when I heard it: "It's our 30th anniversary, and I'm finally planning a full two weeks off work to celebrate." This proud declaration from a man who owns a $30 million company is just sad. This is a man who lives in abject poverty, with no freedom and no clue he's been doing it wrong for 30 years. I see it all the time. Business owners whose personal lives are train wrecks, with no time to invest in their kids, spouse, or non-existent hobbies, and no time to even think about creating meaning in their own lives. They are hostages to their businesses with no end in sight for their incarceration.

People think this guy is a great business owner because he works all the time and has a lot of toys he doesn't have time to use. I think he lives in abject poverty.

Riches vs. Wealth

Riches is just money. Wealth is freedom. Freedom is the ability to choose what to do with my time. Time is more valuable than money. It usually takes money to buy time, but unless the specific goal is to buy time, money can make us hostages.

Money does not bring freedom. Time brings freedom. This man has millions and has no freedom. He readily admits that if he is gone from his business for a few days things begin to go awry. He has built a $30 million business that depends on him personally being there every day! He is not a business owner; his business owns him. He lives in abject "time poverty".

Intending to receive time, not just money

You get what you intend, not what you hope for. You can just hear this man starting his business. He intended to do two things:

  1. "I'm going to workreally hard" and

  2. "I'm going to make me some money."

He got exactly what he intended - hard work and some money. And he is trapped by the hard work. He did not go into business intending to get both time and money from his business, just money. He hoped that getting money would give him time and create freedom, but we don't get what we hope (wish) for; we get what we intend to get.

A Day a Week, a Week a Month, a Month a Year

I built five businesses like he did and was trapped as a hostage every time. With Crankset Group I intended to do something different - I decided this next business was going to give me both money and time, and everything I did from the beginning was driven by forcing my business to produce both.

As a result, I now have every Monday and every Friday off, the last week of every month off, and a month in the summer - it adds up to 73% of the work week.

I use only a few weeks for vacation, and choose (freedom) to invest the rest helping others build businesses around the world, including for-profit businesses to solve poverty in central Africa.

Vacation? What Vacation?

A recent American Express OPEN survey found 66% of business owners haven't taken time off in several years. And of those few who do take vacation, 68% of them check in daily to try to run things from their beach chair (we don't call in at all during our month off).

It's important to get away from your business. The famous Framingham Heart Study found those who took regular vacation are 32% less likely to die from heart disease and 20% less likely to die from anything else. Besides  being healthier, time away from the day to day grind will help you see the big picture and make you a better leader. And you'll be more productive when you return.

The objective of your business should be to build your Ideal Lifestyle. If you're proud that you finally get two weeks off, you need to reassess how you are running your business and your life, and refocus on wealth (time/freedom), not just riches (money).

Is this just for special people? No. I built five businesses and never got off the treadmill. The sixth time I simply decided/intended to do it differently, and - what a surprise - it turned out different.

You get what you intend, not what you hope for.

What are you intending to do with your business and your life?

Article as seen on Inc.com

Goal Setting Made Fun

Have you ever taken a dream vacation? In 2014, my wife and I took one of those dream vacations, and the vision for the vacation started when we were watching the movie called “Mamma Mia” in 2011.

Both of us were fascinated by the Country of Greece and the Island of Santorini because of the gorgeous views and the blue Mediterranean Sea.

I remember looking at Rhonda and saying, “Babe, wouldn’t it be awesome if we could go to Greece?”

Picture a jet airplane that is going to take you from wherever you are all the way to your dream destination. Vacationing in Santorini all started with childlike dreaming and having a big vision. I honestly didn’t know if it would ever come true.

Notice how fun vacations and goal setting both progress from vision, to goal, to priorities, to action.

All goals start with dreaming at the 30,000-foot level. This is what I call your 3 year vision.

My mentor, Jack Canfield taught me to awaken dreaming by writing out my Be-Do-Have list. I like to ask my clients to write down 30 specific dreams they would love to accomplish over three years – 10 that you want to be, 10 that you want to do, and 10 that you want to have.

Download Your Dream Trip Handout Now to write out your 30 Be-Do-Haves for the next three years.

The second part of goal setting is to come down to a 12,000-foot level. Write down the top 12 goals or projects that you want to accomplish for the year.

I remember writing a goal at the beginning of the year to take my wife to Santorini Greece for our 30th wedding anniversary in 2014. I put a picture of the Santorini Island on that 3×5 card, and I wrote the affirmation “I am relaxing traveling with Rhonda to Greece in 2014”.

Writing your goals is an intentional step to achieving your goals.  Habakkuk 2:2-3 says, “Write down the revelation and make it plain on tablets so that whoever reads it may run with it.”

Download Your Dream Trip Handout Now to write your top 12 goals for the year.

In the third step of this process of achieving your goals, you need to prioritize your goals at a 3,000-foot level.

I have done a lot of flying lately, traveling around the world, doing workshops for entrepreneurs and CEOs and one of the things that happens when you are getting ready to land is you’ll hear the captain say, “Prepare for landing!”

Your dream destination is now visibly in sight. It’s time to buckle up, pull your seats forward, and take care of the smaller details to prepare for your landing.

Diana Scharf Hunt once said, “Goals are dreams with deadlines.”

What I have found helpful is to prioritize your 12 goals for the year into Q1, Q2, Q3, and Q4. Then list the top 3 priorities you need to accomplish to help bring that goal to a reality? In essence you are chunking your goals into 90-day plans.

Traveling to Santorini for Rhonda and I was scheduled in Q2 – May 2014. There were several priorities we had to take care of like, hotels, passports, credit cards, etc. before landing in Santorini.

Download Your Dream Trip Handout Now to prioritize your goals for four quarters. In this fourth step of the process of going to your 2016 dream trip, it’s where you’ve got to put the rubber to the road, and that literally means that you’ve got to think about landing your plane on the runway.

Think of this as your weekly action steps.

Every Sunday or Monday, I encourage you to write down what are your top 3 action steps to complete either 1 of your 90-day priorities, or all 3 of your 90-day priorities.

All dream vacations and all dream trips begin first with a high level 30,000-foot vision of what you want to be, do and have.

Then it comes closer to that 12,000-foot level where you get clear on your goals for each month of your year.

The third step is to prepare for landing, and that means coming down to that 3,000-foot level, writing your top 3 priorities and accomplishing those in 90 days.

Finally, you have to set weekly action steps to accomplish those 90-day goals until finally, you have landed in your beautiful vacation spot and landed that dream. Remember goals need landing gear as well as wings.

Download Your Dream Trip Handout Now to write down and celebrate your top 3 weekly action steps toward achieving your goals. It was so much fun, setting the goal and preparing for our trip to the beautiful island of Santorini in 2014. One of the best highlights of the trip was meeting two of my coaching clients in person for the first time, one in Greece and one in Turkey.

Hopefully now you see how vacations and goal setting both progress from vision, to goal, to priority, to action.

Who knew that goal setting could be fun just like planning your dream vacation!

 

Bring GALLUP Certified Strengths Coach and Convene Resource Specialist Brent O’Bannon to your Forum Day or organization and learn the art and science of strengths based goal setting. Learn more at http://brentobannon.com/strengthsfinder-keynote-and-workshops/

JOY?

I think I have been “PUNKED”!

Personal Purpose: Figured it out.

Vision: Own it.

Mission: Off and running.

Joy: What the Hell?

According to the world’s experts on living a full and satisfying life, you need to find and own your purpose, mission and vision. Since I feel I have nailed the “big three”, why am I not bolting out of bed the happiest man on earth?

So, this morning I decided go looking for joy. I headed out the door to stroll along Mission Bay and then circle back along the Pacific Ocean boardwalk. If there was no joy to be found in this little circuit of heaven then maybe joy does not exist:

Here is what I observed:

  • People walking dogs: They seem like a joyful lot – or at least the dog is.

  • Stopping to pet a dog and start up a conversation: Confirmed my assumption.

  • Runners: Definitely pain (the anguished striving faces made me cringe).

  • Device consumed walkers: How do you measure joy in cyberspace?

  • Selfie: JOY in the narcissistic moment but PAIN with no Facebook “likes”.

  • Bikers: Pain – get out of my way or die!

  • Brief banter with a homeless guy: Funny/Joy (who knew?).

  • Dying bee on the sidewalk: Sad/Pain.

  • Freedom to beach walk on a Wednesday morning: Joy – do I need to explain why?

Rick Warren said it best. “Pain and joy are like to two railroad tracks running in parallel. Look far enough down the tracks they merge into one.” Taking a moment to observe my surroundings, and my associated emotions, confirmed the two coexist in every circumstance. The only question is, “which one is grabbing my attention at the moment?”

Being a Type A problem solver, I think I have a natural bent to walk more on the pain track. I’m like the runner, looking ahead at the hill of tasks and problems to solve, completely unaware of the joy that lies just outside my targeted focus.

The “big three” puts you on the right train in life but how you embrace the emotions of the journey are up to you.

My question to you: If I crossed your path that morning what would my assumption be about how you are embracing your journey?

How to Confront ANYONE in a Positive Way Using 3 Simple Steps

By Soraya (Morgan) Gutman, President, Executive Services of Brand Launcher (www.BrandLauncher.com) & Convene Speaker  

If you’re anything like most business owners, you face a challenge that didn’t exist years ago - managing a multicultural, multi ethnic staff that spans generations from Millenniums (16 - 35 years old) to the Boomers (52 - 70 years old). The landscape of how to be successful in business today has changed significantly and many generations from different backgrounds and values now cross paths on a consistent basis in your company.

And like most Convene leaders, you probably struggle to effectively manage these diverse groups of people.

Maybe it’s the communication barrier. Maybe it’s a struggle to get a team of diverse ages, interests and cultures to bond and function together in harmony. Maybe you have no idea how to get them to be passionate about their work like you are. Maybe you simply have no clue how to manage conflict.

Add in the stress of how the competitive market is now moving at a dizzying speed, it’s hard to determine what exactly to focus on especially when your staff is not getting along.

No wonder most business owners and C-level executives are stuck! In fact, according to Gallup (2010 – 2012),* more than 70% of Americans are disengaged at work and Dun & Bradstreet ** reports the the primary reason businesses fail is a lack of managerial experience, leadership and the inability to positively connect with employees, customers and stake holders.

As business owners and C-level Executives move to email, webinars, social media, and videoconferencing as primary methods of communication, they need to recognize that those tools can’t be used generically across all generations and cultures their customers, employees and shareholders.

The good news is that overcoming conflict in a healthy way is possible. The fact that you are a Convene member means you are already open to growing, learning and helping others in an impactful way. That’s a great first start. But there’s more.  I call it CAD – Connect, Authentically and Disarm.

I was born into a family of immigrants. My father is first-generation Egyptian, my mother a first-generation German, and my husband a first-generation Russian (who is also Jewish). Let's just say that we have quite the family reunions! They showed me that bridging cultural gaps isn’t impossible and being raised in this multicultural environment taught me these 3 important lessons of how to bridge those gaps using CAD.

STEP 1 - CONNECT

First, it starts with our connection with God.

“That the man of God may be competent, equipped for every good work.”  2 Timothy 3:17

Then, it is our connection with ourselves. Everyone is either a “German” or an “Egyptian.” Identify, first, which one you are so you can best connect with someone like you or who is different in the most impactful way.  This is where my family story is relevant. From observing my family, I developed a theory: the business leader is either what I call an “Egyptian” or a “German” – And I am not talking about their ethnic or national backgrounds.

In my own extended family I noticed that the Germans did not adapt well to change. They were steady, deliberate decision makers who did not like to be rushed into things. They produced and expected very high standards, regardless of changes occurring around them. Many business leaders share these traits – I call them the “Germans” of business; so when interacting with these steady, deliberate decision makers, it’s best to:

1. Approach them in a straightforward, direct way.

2. Ask questions about facts and data.

3. Stick to business.

4. Keep your body language subdued and deliberate.

The Egyptians in my family, on the other hand, were results oriented, direct, made quick decisions, challenged the status quo, and initiated change actively within an organization. You’ll find plenty of business leaders like this, too – the “Egyptians” of the business world, and when interacting with them, be sure to:

1. Be stimulating, fun loving, and fast moving.

2. Use animated body language.

3. Take an emotional approach.

4. Plan interaction that supports their dreams and intentions.

If you can quickly – and in real time – identify whether an employee, colleague, or customer is a “German” or “Egyptian”, then you will significantly increase your chances of disarming them in a positive way to get what you need to do done.

STEP 2 - AUTHENTICALLY

The next step is to be authentic. e sincere, and act without guile. The best way to authentically connect with others is to identify and communicate your Purpose. Why are you here? What is your unique gift?

“Now there are varieties of gifts, but the same Spirit; and there are varieties of service, but the same Lord; and there are varieties of activities, but it is the same God who empowers them all in everyone.” 1 Corinthians 12:4-6

STEP 3 - DISARM (Rhymes with Charm)

How important is it for you to be right? Naturally, we all want to be right. But, as anyone with a teenage child, or has gone through a divorce, knows - being right is ultimately irrelevant. What’s important is to connect and communicate. By using specific disarming skills, you can more effectively connect with people in varied situations, regardless of personalities, ages, or cultural backgrounds. Wise use of body language, the right words, and specific attitudes are the keys.

Body language is powerful: it shapes how you see others and how they see you. First, ask yourself if they fall into the “German” or “Egyptian” categories. This admittedly quick-and-dirty assessment will give you an advantage in connecting with them in a way that will be natural for them and will put them at ease. For the first seconds especially if this is a contentious encounter or someone you don’t know  mirror what the other person is doing with his or her body and speech. o this while being conscious of your own body language and speech patterns at the same time that you are intently observing the other person.

If that person is standing, . If he moves his arms a lot, you should do the same. If she speaks using simple words, use simple words. If they talk rapidly, you should too. If they make a lot of eye contact, you should as well. If they make very little eye contact you, you get the idea. The goal is to simply make the other person feel comfortable by mirroring them.

When there is conflict, tensions can run even higher than they might normally because of cross-cultural challenges. This is especially true if it’s during the “getting-to-know-you” phase with someone you haven’t connected with yet. So, always, not matter what, be HUMBLE, especially if you are in a position of authority.

“For by grace you have been saved through faith. And this is not your own doing; it is the gift of God, not a result of works, so that no one may boast.” Ephesians 2:8-9

Here are four little humble sentences you can use to diffuse tension and help everyone relax. They are, “I may be wrong. I am often wrong. I want to get it right. Let’s go over the facts.”

As a leader, a positive attitude is critical to successfully managing your crew. People of any culture will be more productive in a positive environment than a negative one. The bottom line is if you are the leader, your attitude sets the tone for the environment.

Sometimes something as simple as a smile is the perfect opportunity to connect with someone. It’s a universal symbol of a humble, positive attitude and is hard to misinterpret even when there is a large communication barrier. t builds the foundation of trust between you and the other person.

But, make sure you aren’t putting on a false positive attitude. Because smiling is a universal language, it’s also pretty universally understood when it isn’t sincere.

General Grant is quoted as saying, “all plans fall apart as soon as the boots hit the battle ground.” Knowing that ahead of time, you can better plan and prepare. These 3 simple steps of Connecting, Authentically by Disarming could be the difference between frustration and stress and a productive, healthy and happy workforce that consistently engages individuals not because of their differences but despite them.

References

*Gallup, State of the American Workplace Report, 2010 – 2012

**Dun and Bradstreet, Peacock 1985

What’s One Thing I Can Do Differently About Goals?

While I now coach a lot of executives - for multiple (literal) seasons, I was a high school soccer coach when my (now married) sons were in that season of their lives. Our team did pretty well, we won a lot of matches and a championship along the way, but one thing that always stuck with me was the goal.  Not the goal of the team…the goal itself.

The goal was visible, large, and remarkably difficult to score on (except for the occasional penalty kick, which goes in about 70-75% of the time, statistically).  As a team, we would talk through how to get through the many obstacles that we needed to tackle to get to the goal, but there it was - visible for all to see.  Standing eight feet high and 24 feet wide makes it tough not to see.  While it may not have been obvious to every player at every time what to do or how to get there, they certainly knew that all their efforts were to be put toward getting to that goal.

Here’s a few things I try to keep in mind in business from my days of "goal staring":

1)  Make goals easily understood Using the SMART acronym (there’s multiple versions - I like Specific, Measurable, Assignable, Realistic, Time-Sensitive), but feel free to shorten it to as little as “put the ball in that thing over there”.  You can add all the rules and nuances at some point, as well as the ideas and strategies to get there.  But start with - “where, exactly, are we trying to go?"

2)  Make goals highly visible Regardless of a player’s mindset or knowledge of the game, I could always point to that goal and say “that’s where we’re going - keep trying to move toward that”.  How can you put the goal in front of people all the time, so that there’s not any question, at least on that part of the equation?

3)  Celebrate when you “score" Have you ever watched a soccer match at the professional level?  Have you ever heard the now famous “GOOOOOAAAAALLLL!!!”?  How about the player running around the field?  Whatever your culture is, how will you celebrate the very difficult task of accomplishing the goal?

4)  Be ready to reset - and go at it again and again Until the time is up, we would put the ball back at the center of the “pitch” and go toward the next goal.  As a coach (leader), you have to know what the next one might be after this one is accomplished, and be ready to put the ball immediately back in play.  What’s the next goal for your team?

5)  Learn - in wins or losses At the end of each match, the team knew it was time to talk - every game, regardless of the result.  Each person had to say one thing to celebrate about our time together and was tasked with one thing they needed to differently.  What do you have in place to learn from every match?

What is one thing you will do differently about goals at your company?  When will you do it?

Let me know if I can help!  You can reach me at mpowers@convenenow.com.