Dear ScaleUps,
Hope it’s been a productive and purposeful week. Here are some insights/opportunities to help you outlearn/outthink the competition.
| Lead from the back and let others believe they are in front. | |
| Nelson Mandela as quoted in Fortune | |
Should They Stay or Should They Go? 2 Questions --
A family business was having problems with an external Managing Director until our Scaling Up Certified coach Omar Hikal convinced the chairman to let him go, which resolved many of the issues the company was facing. Omar used the two “if you’re not sure” questions:
- How would you feel if they quit tomorrow?
- What if you had 10 of them?
Omar (who will join me in working with YPO Egypt this week), thank you for sharing these questions – and for doing your job as a coach and helping this family “face the brutal facts” in a Socratic way.
Stop Saying Your Company is Like a Family --
Author Denise Lee Yohn makes a serious case for not referring to your company/employees as family. Instead, she suggests in this Forbes article that a better analogy is a professional sports team where the CEO is the coach. Please take two minutes to scan the article for the nicely bulleted reasons why the family analogy is dangerous and ill-fitting – and the second bulleted list of why a sports team analogy is better, with some important caveats.
Fusing CX and EX --
Denise Lee Yohn also keynoted our ScaleUp Summit last year (one of the highest rated) as author of Fusion – focused on how to align your brand and culture. Your brand doesn't just represent your organization outwardly--it should represent it inwardly as well. Growth Institute just released Denise Lee Yohn's Learning Suite The FUSION Formula as part of their library of short (roughly 1 hour) seminars. This is the seminar I had my client Mynd watch prior to our last session together. Learn to make your brand an intrinsic part of what your employees live. Check it out through a free 14-day trial of the Scaling Up Club by clicking here!
Businessperson of the Year --
Anything but a popularity contest, Fortune’s editors crunch 10 financial factors then look for leaders who “tackled audacious goals, overcame impossible odds, found creative solutions.” And this year’s new Businessperson of the Year is Microsoft’s Satya Nadella. Please take 1 minute to read the incredible outcomes and approach Nadella has used (hint, delegation) to drive Microsoft to over $1 trillion in market cap – lessons for all of us. Go here for the complete list of 20 including #2 Elizabeth Gaines.
Bill Gates Wealthiest --
Do you want to be king or do you want to be rich (former Harvard prof Noam Wasserman question)? Kudos to Bill Gates for delegating the CEO position to Satya Nadella. Earlier this week Gates ($110 billion) once again overtook Jeff Bezos for the top spot.
Thank You Ian Kinnery, Scaling Up Certified UK Coach,…
…for sending me the quote I used to open this weekly insight.
CEO-BOOTCAMP: spend 3.5 days with Verne, serial entrepreneur John Ratliff, and 6 other CEOs in a beautiful retreat setting, addressing the constraints holding back you, your business, and your industry. Dec 3 - 6, 2019; Jan 14 - 17; Mar 10 - 13; Jul 21 - 24; Aug 18 - 21, 2020.
ORDER a BOX of 20 SCALING UP BOOKS --
Want to save 50% over the price on Amazon? Go to this link.
EXITING: Looking to sell the business in the next 18 to 36 months? Want to avoid the traps many sellers fall into with today's buyers? You can download the white paper Seven Traps Sophisticated Buyers Deploy Against Unwary Sellers from align5 advisors here
Write Your Own Book --
Whether you want to make it to the bestseller lists or just sell a lot more of your goods or services, with a profound competitive edge over the competition, Book The Business: How to Make BIG Money With Your Book Without Selling a Single Copy is for you!
Request your free copy of this ground-breaking book at advantagefamily.com/scalingup.
COACHING:
Have you ever wondered if working with a coach might accelerate your company's growth, exponentially? Do you have what it takes to move the dial from good to great? The Scaling Up team is prepared to support you. We have helped 40,000 other organizations over the past 30+ years, in scaling up their organizations through coaching, workshops, online training and more.
We would like to offer you a complimentary, personal follow-up from our Scaling Up team to share how we can support you in scaling your organization.
YES! I WOULD LIKE TO LEARN MORE ABOUT COACHING & RECEIVE A COMPLIMENTARY FOLLOW-UP (CLICK HERE)
For questions or more information contact us at [email protected]
TECHNOLOGY:
Execute Scaling Up Faster and Drive Accountability -- Drive Execution with Scaling Up Scoreboard, the official software tool for implementing Scaling Up – available online and in a mobile app. The technology behind Scaling Up Scoreboard is proven to help you achieve 3.5x more goals. Learn more at https://scalingup.com/software/ - on your computer, tablet or phone.
Better Book Club -- What's your team reading? Increase your books read per team member. Easy, Proven, and in the Cloud at http://www.BetterBookClub.com.