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Better Business, Better Life Newsletter – Issue 30
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As we head into another week, I take great pleasure in sharing my curated articles, tips & tools in a short read that will hopefully give you a few ‘aha’ moments as well as some laughter or joy. Most of all I hope it gives you pragmatic inspiration & helps you on your journey to doing what you love, with people you love, making a huge difference, being compensated appropriately with time to pursue other passions – #TheEOSLife.
Here’s this week’s business tip, life hack & find of the week… Some of them are original, most are things I have come across in my weekly pursuit of self-improvement & living a better life, through creating a better business. And don’t forget the inspirational quote, which you can download as a wallpaper or lock screen for your phone.
As always, if you find great things that you’d like to share then feel free to email me for inclusion in one of my weekly newsletters. I’m always looking for new & exciting things to share each week. And if you think someone else would like to receive the newsletter in their inbox, directly from my inbox (no newsletter apps used here!) then please let me know – email@example.com
In this article in Entrepreneur.com, Jeanet Wade shares four timeless ingredients for building great teams that drive business success.
For any of you that have worked with me, or even just seen me speak, you’ll know that I rant about having the right people in the right seats. Without these people, we as entrepreneurs can never let go & we continue to hit the ceiling. My businesses have always thrived when I have employed the right people and/or got rid of the wrong people.
If you want to grow, you need to employ more people – you can’t do it on your own, however you need to employ the right people & then give them the right seat.
Many of the business owners on my podcast (unashamed plug – https://anchor.fm/betterbusiness-betterlife) have talked about how you need to trust your team – if you wouldn’t trust them to look after your children then don’t trust them with your business.
“Founders love building businesses innovating, and bringing products and services to market. Consequently, they often expect the people they hire to share their independent drive and attention to detail. Over time, they might get irritated by workers who take too long or don’t behave like owners — so they resist delegating and grow increasingly frustrated.”
Find out how you can overcome this frustration & Delegate & Elevate yourself back to doing what you love…
To discover how EOS (The Entrepreneurial Operating System) might be able to help you, book a free discovery call with me:
10 Disciplines for Managing & Maximising your Energy
“In 2020, when preparing for my keynote address for the annual EOS Conference™, I had an inspiration.
I was searching for the perfect message for the more than 1,000 leaders who were running their companies on EOS®.
Then it hit me.
I decided to be a little vulnerable and share the 10 things I do to manage and maximize my energy. The reaction from the audience and the feedback I received after the talk were overwhelming.
I then decided to teach these disciplines in my new book, The EOS Life, and received the same reaction from the 80 test readers.
I’ve been practicing these disciplines for almost 20 years with great success, and now I’m excited to share them with you.
Before I do that, the assumption is that you’re a self-motivated, driven and ambitious person, and that you’re doing the basics — eating right, exercising and getting enough sleep.
Assuming that’s true, you’re a race horse and you’re ready to run. Now, I’m going to show you how to harness that energy, manage it and maximize it so that you can become the best version of yourself.
You’re a ball of energy (we all are), and your energy burns bright or it doesn’t. It’s all about mobilizing that energy.”
I was privileged to be at this conference & saw Gino give this speech & I think at that moment I fell a whole lot more in love with him & EOS.
In this article, Gino shares the 10 disciplines, followed by the benefit to you, if you apply the discipline to your life.
Each discipline is fast, simple, powerful and fully customisable. They will help you expand, focus and manage your energy.
And if you’d like to get a hold of a copy of the EOS life book then please let me know.
FIND OF THE WEEK
The Stockdale Paradox from Good to Great
“You must never confuse faith that you will prevail in the end—which you can never afford to lose—with the discipline to confront the most brutal facts of your current reality, whatever they might be.” — Admiral James Stockdale.
The idea of this came up in a LinkedIn conversation this week. Maybe something to do with being up to day 65 of lockdown & with the news this morning that we have to wait until we reach 90% double vaccinated in Auckland before we leave the current level, it seems even more appropriate.
I first discovered this in the Good to Great book by Jim Collins – essential reading for companies implementing EOS.
And now I have rediscovered it in this article from the Harvard Business School.
What is the Stockdale Paradox?
Stockdale was a prisoner of war in Vietnam for seven-and-a-half years. Before meeting with the legendary soldier and statesman, Collins read Stockdale’s memoir and found its grim details hard to bear, despite his knowledge that Stockdale’s later life was happy. Collins wondered, “If it feels depressing for me, how on earth did he survive when he was actually there and did not know the end of the story?” (Emphasis in the original.)
When he posed that question to the admiral, Stockdale answered: “I never lost faith in the end of the story. I never doubted not only that I would get out, but also that I would prevail in the end and turn the experience into the defining event of my life, which, in retrospect, I would not trade.”
Collins asked him about the personal characteristics of prisoners who did not make it out of the camps. “The optimists,” he replied. “Oh, they were the ones who said, ‘We’re going to be out by Christmas.’ And Christmas would come, and Christmas would go. Then they’d say, ‘We’re going to be out by Easter.’ And Easter would come, and Easter would go. And then Thanksgiving, and then it would be Christmas again. And they died of a broken heart … This is a very important lesson. You must never confuse faith that you will prevail in the end—which you can never afford to lose—with the discipline to confront the most brutal facts of your current reality, whatever they might be.”
This formulation became known as the Stockdale Paradox. The admiral elaborated further on the concept when, at a West Point graduation, he was asked if he dwelt on the end of his imprisonment to sustain him, or if he lived day to day?
“I lived on a day-to-day basis. … Most guys thought it was really better for everybody to be an optimist. I wasn’t naturally that way; I knew too much about the politics of Asia when I got shot down. I think there was a lot of damage done by optimists; other writers from other wars share that opinion. The problem is, some people believe what professional optimists are passing out and come unglued when their predictions don’t work out.”
The article continues to explain why there is no ‘normal’ to come back to and gives advice & exercises for leaders, including how to have faith without being an optimist.
If you’d like to learn more about any of these tools or would like to find out how I can help you achieve a better life through creating a better business, then book a free Discovery Call with me.
We’ll talk about what you want to get from your business & your life & come up with a plan to do that!
Certified EOS Implementer | Accredited Family Business Advisor | Entrepreneurial Leadership & Business Coach | Speaker & Workshop Facilitator