Leadership Development

Manage the Human Risks in Your Business

At the moment there is alot of talk about the collapsing business and financial environment. For everyone it is having an impact in all sorts of ways. Of course, we all look at the numbers side of the equation; but what about the people side? What are the human risks in your business? How are your people behaving in these times? Then, also, how do you want them to behave to handle the crisis and then build your business going forward?

We have been working with many companies all over the globe on managing and developing their human capital. In this regard, we have been using our Business DNA Business Risks Matrix. Please click on the link to review a summary.

Have a look at the balance of human behavioral risks in your business versus the environmental business risks. You can see alot of attention needs to be given to the employee and leadership behavioral risks. This is where businesses win or lose.

Being very frank, the current financial and business environment has been caused largely by poorly managed human behavior. Poor financial and business circumstances do not entirely happen themselves. Look at the leadership of the companies around you. How we move out of it will depend on all of our behavior. How are you going to be a leader and manage your human capital?

Recently, we launched our new Business DNA behavioral profiles. The insights from these profiles will be outstanding predictors of how your business is going to develop and where many of the roadblocks are. For more information visit: www.businessdnaresources.com

Money Influences Leadership

In recent weeks I have been doing some leadership development consulting and coaching. The goal of this work has been mainly to help the leaders to build their emotional intelligence and then generally their self awareness of what is driving the decisions they are making.

Typically, most leadership development work of this kind focuses on the person’s behaviors, experiences, the influences of the environments they are in and have come from, their skills and knowledge, and even their states of consciousness. All with the goal of helping the leader understand themselves better and becoming more empowered. Then there is also training on specific leadership methodologies and strategies. None of these factors are to be underestimated as being unimportant, because they all are.

However, there is one factor often missing from the discussion — and that is money. The reality is that the topic of money is missing from the coaching agenda full-stop. Why? Talking about money can be a very emotionally charged issue for both the leader and the consultant/coach. Many people are, when it gets down to it, mystified by money and the power of its impact.

The reality is, money is directly or indirectly wrapped up in some way with every decision that a person makes, and is therefore a very powerful influence. Leadership decisions are no different. You only have to look at some of the decisions made by leaders in the last 10 years and see the devastating outcomes resulting in spectacular corporate collapses, insider trading, bankruptcy. Also, the great corporate performances can be attributed to a healthy money attitude.

Yes, money can be the carrot to incentivize performance, but it can also be the driver of warped decisions. Lets not say all of the bad decisions are deliberate because they are not. Some of them are caused by blind spots or put in another way, a simple lack of awareness.

Nevertheless, the point is that your perspective on money, whether conscious or not, influences your leadership – the decisions you make, the goals you set, action plans, how you manage yourself and others and so on.

So, reflect on how your leadership is influenced by money. Perhaps understanding your own relationship to money will improve the quality of your leadership, corporate results, and ultimately your life.

Entrepreneurs Feedback – What Makes People Successful

In a discussion with a group of entrepreneurs, I asked them the question: What Makes People Successful?

I enjoy asking questions like this. I always learn something from others perspectives and insights. It gets me to think at new levels. As you may expect dealing with a diverse group everyone’s responses were great and quite different. I personally think the keys to success are the sum of what everyone said. There are probably more, or in some ways the same points expressed a different way.

Here are the attributes that the group expressed:

  • Confidence
  • Determination
  • Where with all
  • Seeing it all through
  • Execution
  • Emotional intelligence
  • Instincts to see something others do not
  • Patience

Regardless of what you do consider keep these attributes at the top of your mind . If you have any other ideas to suggest, I would like to hear about them.

Personal Confidence…..Remove the Gremlins

How confident are you in the business, financial and life decisions you are making? Do you have times of doubt? Have you ever created thoughts in your mind that are not reality, or what can be called gremlins? These questions are equally valid whether you are an investor, executive or advisor.

When you have confidence almost anything can be achieved, adversity can be handled, your mind opens up to new possibilities, you get unstuck, relationships can get built, people are attracted to you. Personal confidence is an energy force that sustains you. With plenty of confidence, there can be never ending growth in ALL areas of your life.

So, reflect on what you are currently confident about and what may be undermining your confidence.

The degree to which you have personal confidence actually gets down to personal trust. How much do you trust yourself? We all have gremlins floating around in our heads that were falsely created somewhere and they are generally there because we are not so trusting of ourselves. The key to change is building a positive way of thinking to remove the gremlins.

At the top level, this starts with discovering who you are, defining what you exist for and gaining clarity of what is important. Put another way, it is to define what a quality life is for you and then stick to it. Your definition of what is a quality life, which includes your life purpose, will put the framework in place for making confident decisions and cutting out a lot of clutter that may get in the way of your confidence. After all, it is critical you live your unique design.

Nevertheless, there is the day-to-day issue of self-management. Keeping the gremlins out of your head EVERY day is not easy. You can do it by focusing on the questions you ask yourself when key issues or questions come up during the day. Learn to ask yourself positive questions rather than negative, judgemental or critical questions. Go to work knowing you will approach your day this way and then at night question yourself, did I approach everything with a positive mind-set? Then, what can I do tomorrow to build my confidence further? The other aspect is to review your activities and see what is both building and sapping your confidence. This is part of being well prepared, which of itself is a confidence booster.

I would also say you should consider having a coach to be firstly a guide, then encourager and accountability partner in building your confidence. Constructive feedback and powerful questions from a coach who is independent of your life but “with you” will really help.

Once the trust comes, personal confidence accelerates and amazing results can be achieved with harmonious relationships.

Your Likeability Factor

Do you know what your likeability factor is? What do others say about you? What do you say about yourself?

I recently read a book called “The Likeability Factor” by Tim Sanders. The message of the book was to focus and continually reinforce all of those aspects about you that are likeable and further, to encourage you to be doing more of what is likeable about you. The other side of the message is not to continuously look at the negatives.

In a number of group sessions I run, whether it be a team, family or business discussion group I often conduct an “icebreaker” exercise by going around the room and having each person say what they like about each other. From such an apparently simple exercise, I have always found the outcome amazing. Everyone is usually highly liberated in some positive way by being told something they had not realized others saw in them. Just imagine the positive life development that will come from living that “likeability factor” more.

Interestingly, the likeability factor is often related to the person’s greatest behavioral strengths from their Financial DNA profile, e.g. for me people have always liked my approach to continuous development or being straight forward or pioneering. For others, it may be their compassion or ability to think out of the box.

The power of the exercise is that it allows people to be vulnerable in a very safe way. The camaraderie and bonds get tightened. This then helps in making the platform for developing relationships more sound, which we know is critical to team or family prosperity.

Try focusing on your likeability factor and see what changes it makes to your own life, family and teams you are in.