As we face the global COVID-19 crisis, we are being forced to adapt to extreme circumstances, to step out of our familiar grooves. This can also be a great opportunity to widen our lenses and consider things that might seem “crazy.” Like the neighbors in San Mateo, dancing in the street to get their dose of social, physical connection!
Sheltered in place, social distancing, roiling markets, loss, fear ... turbulent times can be a gift, but you only see it when you don a wiser set of lenses. It reminds me of a story recounted in Streams of the Desert.
When you want growth AND the freedom to take your business to new levels, what is the key? Imagine if your team members gave you their discretionary effort. Not just what they’re required to do, but to willingly and enthusiastically go beyond your expectations.
I can count so many moments in my professional career where I thought I was the only one who could do certain things. But every time I let go and gave ownership to junior team members, the freedom I experienced multiplied my energy and creativity. Here are the top ways to build a loyal team.
"The Bigger Pie Mindset" is an important leveraging concept — it’s when you’re more in tune with "baking" and sharing a bigger pie with others than maximizing the size of your own pie. The happy by-product of such an approach is you become more valuable to others, which makes you more memorable.
When you’re running your own business, you find yourself taking on several roles, roles you didn’t even know existed. You find yourself wearing too many hats — and eventually end up feeling overworked, overwhelmed, and burned out. That’s why you should always aim to “replace” yourself.
When your team members have outgrown the salaries they started with as they start to bring in assets and new clients, the challenge for you, as a leader, is to compensate them in a fair way with no perverse incentives — especially when you have a team with varying roles and levels of experience. Here is a model that can help you motivate team members and...
Many goal-oriented achievers tend to overcommit — and thus abandon their personal needs, such as health, family, friends, and fun. And because they are stretched so thin, they can’t give their best selves to those they promised to spend time with, whether it’s their clients or loved ones. Their professional calendar is often the culprit.
The first time I realized I needed a different kind of help in my advisory business was when I had to fork out $4,000 from my own pocket as young partner. A trade didn’t get executed because my scribbled client meeting notes sat in my stack of to-dos while the market took off. What happened?
Ask yourself two critical questions for next year’s strategic plan, as you put in your finishing touches: How will you measure your success? How will you activate your goals and hit the ground running? Use our framework to guide your process.