Oct 4, 2022
Change Your Thinking, What Got to One Level, May Not Get You to the Next
- BRT S03 EP49 (148) 10-2-2022
What We Learned This Week
- Change – You have to Adapt, Disruption is part of Life
- Thinking - What Got You To One Level, may Not Get You to the Next
- What Would You Say You Do Here? – Employees need Clear Vision from Management
- What Business Are You In? – Business need to Understand what their real Objectives are, How they Serve their Customers, What Problem they Solve
Notes:
There’s No Going Back. You’ve Changed Things….Forever
Joker: Those mob fools want you gone so they can get back to the way things were.
But I know the truth. There’s no going back. You’ve changed things….forever.
Dark Knight (2008)
Something is either growing or dying, nothing stays the same. There is no Limbo.
If your relationship is not growing & adapting, it is dying.
Even if you don’t want to change, things still change around you. Then you just come up with more ways to be in denial about what is going on around you. Change is hard.
There are Five Stages of Grief: denial, anger, bargaining, depression, acceptance. These stages represent our attempts to process change and protect ourselves while we adapt to a new reality. It’s amazing how many people just hang out in stages one and two because of their ego (+ fear of change).
Successful people are adaptable and embrace change. Disruption is the way of the world.
Change is constant.
“Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes,” - Benjamin Franklin
Change should be added to that list. Change is one of the guarantees in life. The more you fight it, the more energy you put into not changing, the harder it is. That energy to fight change is draining, both physically and mentally.
“You must be shapeless, formless, like water. When you pour water in a cup, it becomes the cup. When you pour water in a bottle, it becomes the bottle. When you pour water in a teapot, it becomes the teapot. Water can drip and it can crash. Become like water my friend.” – Bruce Lee
Be flexible in mind and body. Don’t be rigid in your thinking. Adapt to your circumstances.
“The Pessimist complains about the wind; the Optimist expects it to change; the Realist adjusts the sails.” - William Arthur Ward.
More:
https://www.linkedin.com/pulse/theres-going-back-youve-changed-thingsforever-matthew-battaglia/
Thinking That Got You to One Level, Will Not Get to You to The Next Level
You have to adapt your thinking at each milestone reached
Entrepreneur that thinks all offensive when building a business and making money, now that has to think about defense and protecting their wealth on a personal level
It takes a certain level of work and mentality to get to each level. When you’re first starting an industry you had to learn about the industry. A few years and you have the industry down, but now you may need to learn about the nuances of how the business works.
Then as you achieve levels of success, I have to adjust how are you do business as you get a better clientele. How you handle your financial picture I just hill as you earn more. When you’re first making money it’s about accumulating money and growing it fast if possible. This is very much an offensive mindset.
When you achieve a level of wealth, you need to think about Risk and preserving it. This then requires a more defensive mindset. If you’re worth $5 million, you’re not going to take some risk in the market that could lose you 50%.
It’s a combo of wisdom and experience. You’ve done enough things that you know now how to navigate the landscape. Understanding what opportunities are worth the risk. And you also understand how to keep reserves. The bigger picture it’s about a long-term mindset with clear objectives.
What would you say...you do here?
- Bob Slydell: What would you say ya do here?
- Tom Smykowski: Well look, I already told you! I deal with the goddamn customers so the engineers don't have to! I have people skills! I am good at dealing with people! Can't you understand that? What the hell is wrong with you people?
Office Space (1999)
If the Company does not have a Clear Vision for 'What They Do'.....
How Can You Expect the Employees to Understand?
- What Problem Do You Solve for Your Customers?
- How Do You Solve It?
- Who Are Your Customers?
Companies have a Vision, or a mantra as Guy Kawasaki likes to say. Understanding the product you sell, the problem your product or service serves, and how you help your customers fix this problem is why you’re there. You need clarity of vision.
Explain the Process. Explain why the process was created, and how it benefits the company short term & long term. Allow employees to absorb this info, so they can work within the process. If they have buy in, then they are better at their job. Over time their suggestions can be valuable to improve the process. Companies at their core are made up of people + processes.
Good organizations have clarity of vision and put their employees in the best position to succeed. They give them the training, the tools, and the know how to get it done.
Bad Organizations fail because of lack of vision. They may not share information, or take the time to train properly. Then they blame employees when things go wrong. Bad employees try to skirt work, and blame the boss for their career failure.
Accountability by an organization, and henceforth by the people within that organization is crucial. It does not matter if they are the management or the team members, all must be accountable. We can only control ourselves.
If you read watch Office Space, and you find yourself saying ‘Wow, the office I work at is a lot like this.’ - Now you’ve identified the problem. What are you going to do about it?
More:
https://www.linkedin.com/pulse/what-would-you-sayyou-do-here-matthew-battaglia/
If you like this concept, you may enjoy this one….
https://www.youtube.com/watch?v=uxCL2RqCuiY
The Founder Real Estate Business Scene
"You don't seem to realize what business you're in," Harry Sonneborn says to Ray Croc. "You're not in the burger business. You're in the real estate business." Kroc can't build an empire off a 1.4 percent cut of a 15-cent hamburger. Own the land that the burger is cooked on. "Land. That's where the money is."
https://www.linkedin.com/pulse/what-business-you-matthew-battaglia/
‘What Business Are You In?’ This the famous question from the classic business consultant, Peter Drucker. This was one of Drucker’s key questions for management to figure out, the who, what, where, why and how of their business.
The point of the question was to really challenge business owners to understand what their real objectives are.
Don’t assume you know what business you’re in. Drucker loved to ask executives “What business are you in?” because they often missed the mark, defining their organization in terms that were too narrow or not properly attuned to customers’ needs.
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Business Roundtable with Matt Battaglia
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