The Truth about Leadership for Building a Fun Business

leadership

The Ten Truths for making business Fun

The Ten Truths for Making Business Fun

And building a business that sustains you for years to come:

This is the fourth article in a monthly series on Making Business Fun: This article is about the 5 business management Truths

The last article laid out the five building blocks of management of a fun business and you can read it here

The articles are based on my book, The Ten Truths for Making Business Fun, published in 2011. All of my books and other resources are available for free here

Building a Fun business: Leadership

What does it take to be the leader of a Fun business

leadership in a fun business

Great leadership in business can (for a while at least!) compensate for less than perfect scores when it comes to profit, passion, planning and many other pivotal aspects of running a Fun Business that sustains you for years to come.

If you are a great business leader of your people, then you’ve taken the Leadership Truth from my first book (download it for free here) to heart: “Your time, your health and your brain cells are gold,”. It’s also likely that you live the Truth from my second book (download it for free here) about leadership: “You have passionate beliefs, you walk the talk, and you are not afraid to dream,”. If so, you will more than likely have a business that does better than most.

I also once wrote that “a leader is simply someone we trust, and who is courageous, authentic and passionate.” This is clearly a great starting point because if your people don’t trust you, then no amount of systemisation, marketing or planning will get your business past a subsistence level. Inversely, when your people do trust you, see your courage and feel your passion, you will be forgiven for many other shortcomings.

Now, I’m going to invite you to take this thinking one step further.

Fun for Everyone

A Fun Business should be Fun for everyone involved. It should also sustain everyone – not just the owner – for years to come.

When I say everyone, I actually do mean Everyone (with a capital “E”): you, your family, your staff, your staff’s family, your suppliers, your contractors, your customers, your investors and even your community.

In fact, I am completely convinced (from everything I’ve seen and studied over the past 35 years!) that truly great small businesses are founded by and built around a leader who is committed to building such a business, for everyone.

Servant First, Leader Second

TTTMBF helping hand In his book “Good to Great”, Jim Collins talks about the concept of “Level 5 Leadership”. Leaders who operate at this level are passionate, authentic, driven and ambitious – but not for themselves.

Level 5 leaders are ambitious for their organisation and their people. Their ego doesn’t get in the way of how they run their businesses. They might be heading up massive global corporations, but they still fly economy (like the founder of Ikea) or do their own shopping at the supermarket on Saturdays (like the founder of Walmart) or answer their own phones (like the CEO of Nucor Steel).

This concept has a lot of parallels with “servant leadership”. Robert Greenleaf at Harvard University coined the term in the 1970s, but the idea has been around for much longer (a famous Chinese general wrote about something similar thousands of years ago). As Robert Greenleaf explains: “The servant leader is servant first… It begins with the natural feeling that one wants to serve first. Then conscious choice brings one to aspire to lead… (versus one who is leader first…).”

In my experience, every small, medium and large Fun Business that sustains all for years to come is run by a leader who sees their role as servant first and leader second.

Small Supermarket

A great example of this “leader as servant” notion comes from a client of mine who owns supermarkets. I remember the day we were discussing the structure of his business and we had drawn a new organisational chart in the traditional hierarchical model – the classic pyramid structure.

My client sat on top of the pyramid as the CEO. He had two different top managers below him, a bunch of store managers in the middle and all the shop staff at the bottom. We spent a lot of time talking about the structure and it became clear that my client was feeling uncomfortable.

We got up and walked around the room a little and suddenly his eyes lit up while he was stood on the opposite side of the table. “That’s it,” he said, “I am going to turn the pyramid upside down! I see my role as being at the bottom, not the top. My role is to support everyone in the business to do great work and grow as people.”

My client had that insight in 2010 and now his company has grown into a Fun Business that sustains everyone and will undoubtedly do so for years to come.

There is a quote by sales guru Zig Ziglar that illustrates the same principle: “You can get everything in life you want, if you will just help enough other people get what they want.”

Your Homework (The Fun Kind)

Think about some of the greatest business leaders of the modern era. Don’t imagine the rock star leaders who are household names for a while and then cash out and let everything fall apart behind them. Focus on the quiet, enlightened leaders of businesses that grow and develop year after year without fanfare.

In order to build a Fun Business that sustains you for years to come, you need to strive to become an enlightened leader. These leaders are committed, driven and ambitious. However, they don’t do it for themselves. They do it for the business and its people.

What can you do to embody enlightened leadership? It could be anything from regularly sharing helpful insights and nuggets of wisdom with your team to honing your emotional intelligence in order to find more empathy for others. No guru necessary – I promise!

Remember, if you want to have something you’ve never had before, you’ve got to be someone you’ve never been before.

Next Month, I’ll be talking about the myths of business growth

More on this topic:

 

AR Business-Life Coaching Principles

What is Business-Life Coaching?

And who cares anyway?

Getting help, Business Life Coaching, external support

Building a Beautiful Business starts at home…

What does it take to build your own Beautiful Business and Life? What is Business-Life Coaching anyway? What are the Principles of Business-Life Coaching? How is Business-Life Coaching different from any other form of business support or guidance. And above all, why should that matter to you at all?

Business-Life Coaching… It’s about everything

When thinking about building a Beautiful Business, we tend to think about:

Systems… Human resources… Killer products… Efficiency… Financial Management… IP… Culture… Asset Management… Strategy… Innovation… Marketing… Sales… Planning… Vision… Purpose… Systems… Quality Assurance… Profit… Cash flow

And possibly a bunch of others I’ve yet forgotten.

When did you last look in the mirror?

Which of those are the most important, do you think? Which of these matter more than any others?

They’re all important, no doubt, but the key factor in developing a Beautiful Business and Life isn’t in the list above. The aspect of business that “Rules them all”, in the words of Gandalf in The Lord of The Rings, is looking at you in the mirror… That’s right, You… Little Old You.

More money, more time, more balance, more life…

The Principles of Business-Life Coaching can be expressed in this statement:

If you want something you’ve never had before,

First, you’ve got to be someone you’ve never been before.

As you’re reading this page, I imagine you want the future of your business and your life to be different than it is now. You want to grow, make more money, find more time, have greater work-life-balance, retire (with a bunch of cash), make the world a better place, be proud of the stuff your business produces, and make a difference.

And that’s great, I love supporting people that have exciting dreams and want to make a splash. It’s what I get out of bed for every day.

Are you the kind of person?

But none of us can have any of those dreams, unless we’re prepared to become the kind of person who builds the kind of business that makes the kind of profit you dream of, or that makes the kind of difference we dream of, or that is sold for the kind of dollars we dream of. Would you like to Discover what’s possible for you and your business?

Hence my focus on Business and Life Coaching. The “hard” skills as well as the “soft” skills of developing your business. I will teach you about the latest business management thinking, and we’ll design new systems customised to your business. We’ll create business and marketing plans that work and implement them. We’ll get clear about the Purpose of your business, you’ll implement controls and get good at numbers so that you have your fingers on the Pulse every day. We’ll get your staff firing on all cylinders. We may develop new products and come up with innovative solutions to bust past the hurdles that have held your business back.

You’ve Got All Da Moves…

We’ll do all that and much more besides, but at the same time we’ll be working on what it takes to be a great business owner who builds a Beautiful Business and Life. We’ll work on leadership skills, self management skills, developing your vision, prioritising what’s most important in your life, goal setting, strategic thinking, planning, communication, people management, how to get out of crisis management, and above all we’ll work on how to look after yourself.

Building a Beautiful Business and Life, is a journey out of your comfort zone. It means you have to be prepared to look at yourself, acknowledge that you’re the bottleneck that holds your business back and say:

“Now is the time to Change”

Further reading:

BQ Personal Development

leadership

How can I become a better

business owner and leader?

leadership personal development change

Business Change follows Personal Change

I believe personal development is integral to developing your business. The two always go hand in hand. It’s the reason I refer to myself as a Business – Life Coach, rather than a business coach. It all boils down to one word: Leadership.

Most business owners, in the deepest dark reaches of their mind, are afraid they’re not quite cutting it as entrepreneurs. Oftentimes, as business owners, we start our business on the back of a profession, a trade, or a skill we have learnt (plumber, architect, accountant, software developer, designer, mechanic, chef, retail manager) and we feel confident in that particular skill. Starting a new business is an enormous buzz. But once we start a business based on that profession, we suddenly realise it takes a lot more than being a great plumber to build a great plumbing business.

Time to think, doing nothing

Where’s the toilet paper?

Few business owners have studied to be a business owner, and even those who have attained an MBA or similar qualification, find they’re not prepared for the realities of life as a small business owner. Suddenly everything is down to you, the big decisions about whether or not to bid for that contract, or hire that expensive employee, or sign the lease for the new office, as well as making sure the toilets are stocked with toilet paper and that there’s ink for the printer. To top it off, your people look to you to have Vision, to have the answers and to be the leader.

Three pieces of good news about your leadership

It can be a frightening place to stand in the middle off, but there are three pieces of good news:

  1. You got this far and you’re still standing, so you must be doing something right.
  2. Your people actually want you to be the leader and they’re ready to forgive you just about any stuff up you’re going to make along the way.
  3. Leadership is something you can learn, practice and get better at.

What is leadership then?

Leadership starts with this statement:

Your business is what it is today, because of WHO you ARE today.

That may seem obvious. But what may not be so obvious is what follows.

Because what it means is this:

If you want SOMETHING you’ve never had before,

First, you’ve got to BECOME SOMEONE you’ve never been before.

Systems and knowledge are never enough

Many business coaching companies sell a “system” that will supposedly deliver a business that generates a million dollars of profit every year. Those systems are often well thought through, well presented and well worth looking into, but they rarely work, at least not by themselves. The reason they don’t work is that Change, business Change or personal Change, is never about systems and knowledge. Just like we all know the system for losing weight (eat less, and exercise more), most of us business owners already know most of what we need to know to Change our businesses.

Click here to download my Free Guide to finding the perfect coach or mentor for you.

And just like losing weight means becoming the kind of person who commits to a regimen of eating less and exercising more, changing our businesses means having to become the kind of person who commits to a regimen of developing as people, as managers, as communicators, as coaches… As leaders in other words.

We have to become leaders, the kind of people, who do what needs to be done, to build the kind of businesses that make a million dollars net profit (or substitute whatever figure is relevant for you).

It’s often referred to as the Be, Do, Have model.

Couldn’t I just flick a switch?

Becoming that kind of business owner, that kind of leader, who builds that kind of business, doesn’t happen overnight. You can’t flick a switch and suddenly become that person. Change is a Journey, an adventure, a process of growth. It takes time and commitment, and nobody can know, on forehand, what your adventure is going to look like or what the outcome of your Journey is going to be. Every business owner has his or her own Journey to make, and every Journey is different.

The one thing we can be sure of is this:

Change won’t happen unless you get on the Journey.

Getting on the Journey means stepping out of your comfort-zone and then staying there. You have to push off from the shore, get out onto the ocean, set a course for the horizon and not come back, because Change never happens in the safety of the harbour.

And you know this already. Take a look back over your life to date: It’s all been a Journey. Ten years ago you couldn’t have done what you do today.

But sometimes we just get stuck for a while in the safety of the harbour. Stepping out of your comfort-zone, leaving the harbour, is hard. The day-to-day of scrubbing the decks, repairing the sails and polishing the brass work gets in the way. And before you know it, the day-to-day is all there is.

The two questions you need to answer

That leads to two questions:

  1. How do you know you’re ready to get on the Journey?
  2. How do you get on that Journey?

The first question is the easiest as well as the hardest to answer:

You’re ready when you feel you’re ready.

More about the connection between personal and Business Change:

Being in the harbour

Do take a few minutes to watch this gorgeous TED talk by David Whyte, on past and future and journeys of Change.

There’s nothing wrong with being in the harbour for a while. We need to make sure the ship is seaworthy and safe, we need to make sure we know how to sail the ship, we need to learn to navigate and we need to get clear about the compass course we’re going to set once we get under way. The harbour is a great place to do all those things. But there comes a moment when the pull of the wide open ocean becomes irresistible. That’s when it’s time to go. And when you do: Set the course, hoist the sails, put your gaze on the horizon, and don’t look back.

How do you get on the Journey?

And the second question: How do you get on that Journey?

There are many ways to strike out, but one way to get onto such a Journey of discovery, is with me. I take my clients on inspiring journeys like that all the time. You could think of me like the captain of the ship. I know how to keep the ship safe, I know how to navigate, how not to hit the reefs and how to get safely back into harbour at the other end.

And I’d love to come on your next adventure with you.

Click here to download my Free Guide to finding the perfect coach or mentor for you.

This is what the Adventure looks like with me:

Once you’ve decided that it’s time to push off and get under way, the process I will take you through is this:

  1. We’ll get very clear about the state of your business and life as it is at the moment. What are the strengths of the business? What are your strengths as the business owner? Where are the stresses in your life? What are the areas in the business that are falling behind? What are the areas you need to develop in as leader?
  2. We take several small steps first. You’ll get to put your toe in the water, feel what it’s like working with me. It’s called the Five Steps to Discovery Process, and it’s mostly free.
  3. We’ll get equally clear about what we want the other end of the Journey to look like. In 6 – 9 – 12 months what do you want your business and your life to look like, in great detail? We’ll develop an enormous set of Goals and picture of the desired future. The Goals will include tangibles, and intangibles. It will include financial targets, and KPI’s across all areas of the business and your life. It will include your state of mind and your health and wellbeing, and everything else that you need to explore and discover to build the business and the life you dream off.
  4. We’ll develop a strategic plan for the achievement of the Goal, with a wide range of monthly milestones.
  5. We’ll shake hands and commit to the Journey, get on board, set the compass course for The Goal, push off, and not come back.

Ultimately, making the decision to Change, to get on the Journey, is Fun. It may not always appear that way, when looking out onto the vastness of the ocean at first, but it will be the most satisfying decision you’ve taken in a long time… I promise you.

Further reading:

Click here to download my Free Guide to finding the perfect coach or mentor for you.

BQ The 7 Big Questions for business owners who want to build Beautiful Businesses and Lives

How do we build our own unique

Beautiful Businesses and Lives?

12 questions, business coach, mentor, guidance, adviser

These are the 7 Big Questions that business owners must face to Build a Beautiful Business

To Build a Beautiful Business that Stands the Test of Time, there are 7 Big Questions all of us will come face to face with.

The Big 7 are:

  1. About Business Growth: My business is stuck at a certain size… How can I  create more growth for my business?
  2. About Profit: I’m not making enough profit and cash… How can I make and keep more money?
  3. About Overwhelm and being stuck: I am overwhelmed, stressed and frustrated… How can I become less overwhelmed and feel happier every day?
  4. About Guidance: I feel alone in my business… How can I find the right support, advice and guidance?
  5. Aboutf Work/life balance: I’m missing out on life, on family, and on friends… How can I find better balance between life and work
  6. About Personal development: I am spinning my wheels as a do-er rather than a leader… How can I become a better business owner and leader?
  7. About Family Business: We are struggling with the challenges of being business partners as well as life partners… How can we negotiate our roles as business and life partners better?

Each of the 7 Big Questions has a dedicated page on this website, with links to many relevant resources both within my website as well as throughout the internet. Scroll down or click on the links above for a  summary of each of the 7 Big Question with a link to that question’s full page.

Further reading:

 

How can I create more growth for my business?

business growth strategy Summary: To build aBeautiful Business and Life, we need growth. Seth Godin made a great statement some years ago on his blog. He said: To build a great business you only have to do two things: first you have to do great work or deliver a great product and second you have to make sure lots of people know about it. And that’s exactly how simple it is to build a Great Business that Stands the Test of time. But, as with so many things in life, it’s easier said than done.

Business growth is about research and product and systems and quality assurance and innovation and inventory management and people management and everything in between and then when you get that right, it’s about customers, and marketing and sales and social media and communications and PR and SEO and content marketing and advertising and design and branding and of course leadership and you might well argue that before all of that comes Visioning, Mission, Purpose, Goal setting and Strategic planning. In short Business growth touches all aspects of business. Read More Here…

Click here to download my Free Guide to finding the perfect coach or mentor for you.

How can I make and keep more money?

make more profit Summary: To build a Beautiful Business and Life, we need to make profit. A business that doesn’t make profit and that doesn’t generate cash flow isn’t a business, it’s a hobby. Profit is not the Purpose of business, and nor is generating Cash the reason the business exists, but without profit and cash it is not possible for the business to deliver on it’s Purpose.

Business growth will have an impact on the flow of profit and money in the business, both positively and negatively, but many other aspects of business have an impact as well. There’s pricing, discounting, inventory management, costing, trade terms , collection policies and procedures, expense management, cost control and many other aspects of business will determine the profitability and sustainability of your business.

And on the other hand there is financial management. The management , reporting and analysing of the flow of profit and money through the business. Having your fingers on the pulse of all of the key indicators of the health of your business every day, week, month and year. Management of the numbers in other words. Read More Here…

Click here to download my Free Guide to finding the perfect coach or mentor for you.

How can I become less overwhelmed and feel happier every day?

overwhelm business fun Summary: To build a Beautiful Business and Life, we need to get unstuck. In my experience, business owners operate in a state of overwhelm many days of the week. They’re often first in the door in the morning, last out the door at night and have to catch up on their admin and email after dinner. They run around from crisis to crisis most days, extinguishing brush fires along the way.

Staff don’t seem able to tie their own shoe laces without input and supervision from the boss. Customers expect the business owner personally to solve all their problems, immediately,  rather than the perfectly qualified and expensive staff that are employed by the business for that purpose.

As a result, the critical business development projects are constantly pushed back and the business gets stuck in the mud. The way out of this overwhelm is to learn to focus on three letters FUN. Fun in Business is the opposite of overwhelm. Developing a discipline on making Business Fun again works, because when business is fun it means everything is working. Read More Here… 

Click here to download my Free Guide to finding the perfect coach or mentor for you.

How can I find the right support, advice and guidance?

guidance coaching support Summary: To build a Beautiful Business and Life, we need support. One of the most consistent complaints I hear from business owners is that it’s all down to them. They feel alone and unsure of themselves. They need to have a sounding board. The people around them don’t get it. The staff are affected by the decisions the business owner needs to make, and so are their spouses and family.

Human beings work well with external accountability and advice. Independent external support is invaluable to any business owner who wants to build a Great Business that Stands the Test of Time. External support can take many forms: A mentor, a business or life coach, management consultant, a virtual board, an executive coaching group, a regular get together with a group of fellow business owner buddies or all of the above.

One thing is for sure: Don’t think you can do it on your own. But how do you go about finding the right support for you? Read More Here…

Click here to download my Free Guide to finding the perfect coach or mentor for you.

How can I find work-life-balance in my business and my life?

business woman jetty laptop Summary: To build a Beautiful Business and Life, we need to create a balance between the demands of the business and those of the rest of our lives.

In the many years I’ve worked with business owners, I’ve come to believe that business owners are the most ‘guilt driven’ people on the planet, “worse than Catholics” I sometimes joke. Business owners generally go through life believing they are not up to the job in some way. They tell themselves (and me), that to compensate for their perceived failures, they’ve got to work harder than anyone else in their business or else how could they ever ask their people to put in the hard yards when required? (see also what I wrote above about overwhelm). But in the mean time they’re missing out on the important stuff in life. Their health and well-being suffers, as are their families.

For business owners to create a greater balance between work and life, the first step is to acknowledge that owning a business is never a 9-to-5 job, you probably won’t ever be able to close the door behind you on the way home entirely. The business is your baby, you’ve put your heart and soul into it and it’s part of who you are as a person.

Once you acknowledge that fact, the immediate next step is to recognise that your own time, your health and your general well-being are the most valuable and important assets of your business and as the business owner it is your prime responsibility to look after your assets. In other words, not looking after yourself and ensuring you are in a great physical and mental state means you are not taking your responsibilities as the owner of the business seriously. Once you’ve learnt to accept the realities of those two principles (contradictory as they might seem from time to time), you’re on the path to create the business and life you dream off. Read More Here…

Click here to download my Free Guide to finding the perfect coach or mentor for you.

How can I become a better business owner and leader?

leadership Summary: To build a Beautiful Business and Life, we have to become better business owners. As I’ve said above in the “work – life – balance” summary, most business owners feel they’re not quite cutting it as entrepreneurs. Oftentimes, business owners start their business on the back of their profession, trade or skill they have learnt (plumber, architect, accountant, chef) and they feel confident in that particular skill. But when they start a business based on that profession, they suddenly realise that it takes a lot more than being a great plumber to build a great plumbing business.

Few business owners have studied to be a business owner, and even those who have attained an MBA or similar qualification, find that they’re not prepared for the realities of life as a small business owner. Suddenly everything is down to you, the big decisions about whether or not to bid for that contract, or hire that expensive employee, or sign the lease for the new office, as well as making sure the toilets are stocked with toilet paper and that there’s ink for the printer.

To top it off, your people look to you for having vision, having the answers and being the leader. It’s a frightening place to stand in the middle off, but there are three pieces of good news: (1) You got this far and you’re still breathing so you must be doing something right. (2) Your people actually want you to be the leader and they’re ready to forgive you just about any balls up you’re going to make along the way. (3) Leadership is something you can learn, practice and get better at. Read More Here…

Click here to download my Free Guide to finding the perfect coach or mentor for you.

Family business: How can we negotiate our roles as business and life partners better?

husband and wife family business Summary: To build a Beautiful Family Business and Life, we need to get good, both at working with our spouses as well as living with them. As I’ve said above in the “better business owner” summary, many businesses are founded on the profession of the business owner. The plumber starts a plumbing business and the lawyer starts a law practice. A little way into the life of the business, the founder of the business, along with the spouse of the founder starts to appreciate that it takes more than being a great lawyer to build a great lawyer business and the business flounders.

Often, it is at this point that the spouse decides to enter the business as well, to sort out the chaos, in no small measure, to protect the interests of the family, and the family business is born. 70% of all businesses in Australia are family businesses and a large percentage of those can be classed as husband and wife family businesses.

In my experience there is wonderful opportunity in being in business with your spouse. It holds the possibility of providing for your family very well and there is a great opportunity to grow as a couple. But waking up beside your business partner in bed every morning also comes with a bunch of unique challenges. Read More Here…

Click here to download my Free Guide to finding the perfect coach or mentor for you.