11 Simple Leadership Concepts

Hey guys,

Found this article from LinkedIn Today and thought it would be a good read for those of us working on our leadership skills! Let me know what you think!

Being likeable will help you in your job, business, relationships, and life. I interviewed dozens of successful business leaders for my last book, to determine what made them so likeable and their companies so successful. All of the concepts are simple, and yet, perhaps in the name of revenues or the bottom line, we often lose sight of the simple things - things that not only make us human, but can actually help us become more successful. Below are the eleven most important principles to integrate to become a better leader:

1. Listening

"When people talk, listen completely. Most people never listen." - Ernest Hemingway

Listening is the foundation of any good relationship. Great leaders listen to what their customers and prospects want and need, and they listen to the challenges those customers face. They listen to colleagues and are open to new ideas. They listen to shareholders, investors, and competitors. 

2. Storytelling

"Storytelling is the most powerful way to put ideas into the world today." -Robert McAfee Brown

After listening, leaders need to tell great stories in order to sell their products, but more important, in order to sell their ideas. Storytelling is what captivates people and drives them to take action. Whether you're telling a story to one prospect over lunch, a boardroom full of people, or thousands of people through an online video - storytelling wins customers.

3. Authenticity

"I had no idea that being your authentic self could make me as rich as I've become. If I had, I'd have done it a lot earlier." -Oprah WinfreyGreat leaders are who they say they are, and they have integrity beyond compare. Vulnerability and humility are hallmarks of the authentic leader and create a positive, attractive energy. Customers, employees, and media all want to help an authentic person to succeed. There used to be a divide between one’s public self and private self, but the social internet has blurred that line. Tomorrow's leaders are transparent about who they are online, merging their personal and professional lives together.

4. Transparency

"As a small businessperson, you have no greater leverage than the truth." -John WhittierThere is nowhere to hide anymore, and businesspeople who attempt to keep secrets will eventually be exposed. Openness and honesty lead to happier staff and customers and colleagues. More important, transparency makes it a lot easier to sleep at night - unworried about what you said to whom, a happier leader is a more productive one.

5. Team Playing

"Individuals play the game, but teams beat the odds." -SEAL Team Saying

No matter how small your organization, you interact with others every day. Letting others shine, encouraging innovative ideas, practicing humility, and following other rules for working in teams will help you become a more likeable leader. You’ll need a culture of success within your organization, one that includes out-of-the-box thinking.

6. Responsiveness

"Life is 10% what happens to you and 90% how you react to it." -Charles SwindollThe best leaders are responsive to their customers, staff, investors, and prospects. Every stakeholder today is a potential viral sparkplug, for better or for worse, and the winning leader is one who recognizes this and insists upon a culture of responsiveness. Whether the communication is email, voice mail, a note or a tweet, responding shows you care and gives your customers and colleagues a say, allowing them to make a positive impact on the organization.

7. Adaptability

"When you're finished changing, you're finished." -Ben FranklinThere has never been a faster-changing marketplace than the one we live in today. Leaders must be flexible in managing changing opportunities and challenges and nimble enough to pivot at the right moment. Stubbornness is no longer desirable to most organizations. Instead, humility and the willingness to adapt mark a great leader.

8. Passion

"The only way to do great work is to love the work you do." -Steve Jobs
Those who love what they do don’t have to work a day in their lives. People who are able to bring passion to their business have a remarkable advantage, as that passion is contagious to customers and colleagues alike. Finding and increasing your passion will absolutely affect your bottom line.

9. Surprise and Delight

"A true leader always keeps an element of surprise up his sleeve, which others cannot grasp but which keeps his public excited and breathless." -Charles de Gaulle

Most people like surprises in their day-to-day lives. Likeable leaders under-promise and overdeliver, assuring that customers and staff are surprised in a positive way. There are a plethora of ways to surprise without spending extra money - a smile, We all like to be delighted — surprise and delight create incredible word-of-mouth marketing opportunities.

10. Simplicity

"Less isn't more; just enough is more." -Milton GlaserThe world is more complex than ever before, and yet what customers often respond to best is simplicity — in design, form, and function. Taking complex projects, challenges, and ideas and distilling them to their simplest components allows customers, staff, and other stakeholders to better understand and buy into your vision. We humans all crave simplicity, and so today's leader must be focused and deliver simplicity.

11. Gratefulness

"I would maintain that thanks are the highest form of thought, and that gratitude is happiness doubled by wonder." -Gilbert Chesterton

Likeable leaders are ever grateful for the people who contribute to their opportunities and success. Being appreciative and saying thank you to mentors, customers, colleagues, and other stakeholders keeps leaders humble, appreciated, and well received. It also makes you feel great! Donor's Choose studied the value of a hand-written thank-you note, and actually found donors were 38% more likely to give a 2nd time if they got a hand-written note!

The Golden Rule: Above all else, treat others as you’d like to be treated

By showing others the same courtesy you expect from them, you will gain more respect from coworkers, customers, and business partners. Holding others in high regard demonstrates your company’s likeability and motivates others to work with you. This seems so simple, as do so many of these principles — and yet many people, too concerned with making money or getting by, fail to truly adopt these key concepts.

What does Business Development Mean?

Hey Guys,

I found an interesting article about business development and what it means. Adding value to any company is a great way to think of business development! 

“I do biz dev.”

Few times in history have more ambiguous words been spoken.  Ask ten “VPs of Business Development” or similarly business card-ed folks what is business development, and you’re like to get just as many answers.

“Business development is sales,” some will say, concisely.

“Business development is partnerships,” others will say, vaguely.

“Business development is hustling,” the startup folks will say, evasively.

The assortment of varied and often contradictory responses to the basic question of “what, exactly, is business development” reminds me of the way physicists seek to explain what, exactly, is the universe.  With conflicting theories on the nature of black holes and bosons, the ultimate goal for those scientists is a Grand Unified Theory, a single definition that can elegantly explain how the universe itself operates at every level.

Lacking any concise explanation of what business development is all about, I sought to unite the varied forces of business development into one comprehensive framework. And eureka, for I have found it - the Grand Unified Theory of business development:

Business development is the creation of long-term value for an organization from customers, markets, and relationships.

There is elegance in simplicity, but perhaps this definition leaves you wanting more.  At its heart, business development is all about figuring out how the interactions of those forces combine together to create opportunities for growth.  But a theorem requires a proper proof, so let’s break that statement down:

Long-Term Value

First, what do I mean by “long-term value?”  In its simplest form, “value” is cash, money, the lifeblood of any business (but it can also be access, prestige, or anything else a company seeks in order to grow).  And there are plenty of ways to make a quick buck for you or your company.  But business development is not about get-rich-quick schemes and I-win-you-lose tactics that create value that’s gone tomorrow as easily as it came today.  It’s about creating opportunities for that value to persist over the long-term, to keep the floodgates open so that value can flow indefinitely.  Thinking about business development as a means to creating long-term value is the only true way to succeed in consistently growing an organization.

Customers

The “customers” portion of the definition may be slightly more obvious – customers pay the bills.  They are the people who pay you for your products and services, and without them you won’t have any business to develop.  But not everyone is a natural customer for your business. Maybe your product doesn’t have the features I’m looking for.  Maybe your product is perfect, but I don’t even know your company sells it.  Or maybe you’re not reaching me because you’re not knocking on my door.

Markets

That’s because customers “live” in specific markets.  One way to understand markets is by geography – if I only focus on selling in the U.S. but you reside in London,  then you are currently unavailable to me as a customer as I do not currently reach the European market.  But customers also “live” in markets that are defined by their demographics, lifestyles, and buying mindset.  Identifying opportunities to reach new customers by entering into new markets is one important gateway to unlocking long-term value.

Take for example the Pet Owners market.  The customers who live there, of course, are people who own cats, dogs, fish, etc.  Petco is a company that clearly sells to customers who live in the Pet Owners market.  I, on the other hand, do not have a pet.  I don’t live in the Pet Owner market. So what if Petco wanted to sell something to me? Then they’d need to find a way to enter into a market where I do live.  For example, I have red-hair and pale skin and as such, I am prone to spontaneously combusting when exposed to the sun.  Therefore, one market that I “live” in is the Sunscreen Buyers market.  If Petco wanted to sell something to me, perhaps they can find a way to enter into that market by offering sunscreen, hats, or sun-reflecting aluminum foil suits.  Now, determining whether that’s a good idea or not for Petco to do so is a job for the business development team – and another story for another blog post.

Relationships

And then there were “relationships.”  Just as the planets and stars rely on gravity to keep them in orbit, any successful business development effort relies on an underlying foundation of strong relationships.  Building, managing, and leveraging relationships that are based on trust, respect, and a mutual appreciation of each other’s value is fundamental to enabling the flow of value for the long-term.  Relationships with partners, customers, employees, the press, etc. are all critical to the success of any business development effort and as such they demand a bold-faced spot in any comprehensive definition of the term.

So, is business development actually sales?  Is it partnerships?  Is it all about hustling? Well, frankly, yes.  It’s all of the above and as we’ll see in future posts, it’s much more.  It’s a complicated and fascinating discipline that deserves a clear understanding, so that we can marvel at the beauty of a well-done deal as much as the stars.

Check out the full article here!

Best Business Moves in Breaking Bad

Walter White's 5 Most Badass Business Moves in 'Breaking Bad'

August 8, 2013

URL: http://www.entrepreneur.com/article/227744

Slide 1 of 5

Walt intimidates Tuco

In the first season, Walt's partner in the meth business, Jesse Pinkman, has a line on a major buyer for their product who could take their business to the next level. Unfortunately, the buyer, Tuco Salamanca, is a psychopath who refuses to pay upfront for the product and beats Jesse so badly that he winds up in the hospital. Walt, who previously wanted nothing to do with the distribution side of the business, is forced to confront Tuco himself, adopting the pseudonym "Heisenberg."

When Tuco laughs off his demand, Walt detonates a chunk of fulminated mercury, which Tuco mistook for meth, blowing out the top floor of the drug dealer's headquarters. Impressed as much by Walt's "balls" as by his high-quality product, Tuco agrees to buy two pounds of meth a week from Walt and Jesse.

Lesson: Sometimes you have to do things yourself instead of delegating. And when pitching an important client, don't take no for an answer.
 

Slide 2 of 5

Walt delivers the goods

In the second season, Walt and Jesse's crooked lawyer, Saul Goodman, puts them in touch with a major distributor named Gustavo Fring. Fring has doubts about Jesse, who is in a downward spiral from drug use due to a friend's death at the hands of rival drug dealers. Nevertheless he offers to buy a few dozen pounds of Walt and Jesse's meth for $1.2 million, but gives them only one hour to deliver the goods.

Walt rushes to Jesse's house, where the drugs are stashed, only to receive no answer when he rings the doorbell and calls Jesse's phone. He breaks in and finds Jesse and his girlfriend catatonic from injecting heroin. He manages to rouse Jesse long enough to find out where the meth is hidden. While scrambling to meet Fring's deadline, Walt learns via text message that his wife, Skyler, is about to give birth. With no time to spare, he makes the hard choice, earning the $1.2 million and missing the birth of his daughter.

Lesson: Make sacrifices when necessary to meet your stretch goals -- although you should probably be present at the birth of your child.
 

Slide 3 of 5

Walt protects Jesse

In the third season, Jesse discovers that Tomás, the kid brother of his new girlfriend, is the one who killed his friend. The boy is being used by drug dealers who work for Gus Fring. Jesse announces a rash plan to murder the dealers in revenge. Walt advises against it, but is rebuffed.

He goes to Gus, and together they organize a reconciliation between Jesse and the dealers. Gus says he will stop using children in his criminal enterprise. But then Tomás is found dead, apparently murdered by the dealers. Jesse goes to confront them, gun in hand. Just as a shootout is about to begin in the middle of the street, Walt appears out of nowhere, smashing into the dealers with his car. He kills them both, one in the collision and the other with the dealer's own gun, while Jesse looks on, not believing his eyes.

Lesson: Have your partner's back. Be there when the strain of work gets to be too much for him or her.
 

Slide 4 of 5

Walt blows up Gus

Walt's relationship with Gus deteriorates in the fourth season following his murder of the dealers. Gus, however, is forced to keep him around as a chemist while he grooms Jesse, now clean and sober, to replace him.

Matters with Gus grow desperate when the drug lord informs Walt that he is going to eliminate Hank Schrader, Walt's brother-in-law who is an agent with the Drug Enforcement Administration [DEA], and that he will kill the rest of Walt's family if Walt intervenes. Scared for their lives, Walt forges an unlikely alliance with the wheelchair-bound Hector Salamanca, Tuco's uncle and a once-powerful member of the Mexican cartel who is a blood enemy of Gus.

Together they trick Gus into believing that Hector is informing on him to the DEA. When Gus shows up at Hector's nursing home to kill him personally, he encounters Walt's surprise: a pipe bomb rigged to Hector's wheelchair. The resulting explosion kills both men, after which Walt storms into the meth lab where Gus's henchman are holding Jesse and frees his partner. They burn down the lab to destroy any evidence. When the dust settles, Walt stands alone as heir apparent to Gus's criminal empire.

Lesson: Think creatively and form alliances to stay ahead of the competition. Eliminate rivals before they eliminate you.
 

Slide 5 of 5

Walt gets away

In the fifth season, Mike Ehrmantraut, formerly Gus's right-hand man, becomes an equal partner in Walt and Jesse's meth business following Gus's death and the freezing of Mike's assets. But he and Jesse, alarmed by Walt's growing volatility and callousness, soon decide they want out. Mike sets up a meeting with a distributor who is willing to buy them out of the meth trade for $5 million apiece. But Walt refuses the deal, preferring to continue cooking.

Mike takes matters into his own hands; he zipties Walt to a radiator so that he can sell their entire supply of raw materials for $15 million without the other man's permission. But Walt frees himself, stripping electrical cord with his teeth and sparking the wires to burn through the ziptie, badly scorching his flesh in the process. Earlier in the episode, after Jesse asks, "Are we in the meth business or the money business?" Walt answers: "Neither. I'm in the empire business." Only now do his partners see just how far he is willing to go to keep his throne.

Lesson: Decide what business you want to be in. And don't let anyone stand in your way as you move forward.
 

8 Cardinal Rules to Succeed as an Entrepreneur

8 Cardinal Rules to Succeed as an Entrepreneur

by Linda Descano

Over the past two years, I’ve had the pleasure of speaking with 100+ business owners from different industries and at different stages of growth about what it takes to succeed as an entrepreneur. I first shared what I learned at a National Association of Women Business Owners Leadership Conference in Philadelphia last year, and recently dusted off my take-aways, in the form of eight cardinal rules, for a presentation last week. So, here goes in no particular order:

1.      Work on your business, not just in your business. Time and time again, I heard stories from entrepreneurs about how they were so focused on their product or service that they overlooked something important in their finances, in the fine print in legal documents, or in the marketplace. Their lesson learned? Make sure you understand the “business of being in business,” which means to invest your time and energy on the management side of running a business. And, while you definitely should tap experts in accounting, finance, and the law, you need to educate yourself on those issues so that you can provide appropriate oversight.

2.      Keep your personal and business wallets separate. The old adage that business and pleasure don’t mix also holds true when it comes to your business finances. Make sure you set up separate accounts for your business, and handle your business finances in an organized ― not haphazard ― way. When it comes to money, have some in savings and a credit line available to get you through the tough times.

3.      Form an advisory board. Most of the business owners that I spoke with view an advisory board as essential to their success. They use their board compliment their “weak areas” and provide an ongoing, structured means of soliciting feedback. To be effective, make sure your advisory board is made up on people who have different disciplines, backgrounds and life experiences.

4.      Network with intent. Networking is an important activity whether you are a business owner or corporate executive. However, it is particularly relevant for entrepreneurs. Successful business owners view attending functions and joining business organizations as part of the job — it helps you build awareness for your business. And the stronger your personal and professional networks, the easier it will be to deal with decisions and challenges.

5.      Find your “business Iowa”. One of the people I spoke with is Betsy Myers, a successful entrepreneur who today is the Founding Director of Bentley University’s Center for Women and Business. In her book Take the Lead, Betsy shared how a relentless focus on "winning Iowa" by the 2008 Obama for President campaign brought clarity to an organization "under siege" and provided a strategic "filter" for deciding what to do as well as what not to do. So try having a focusing question to create clarity. For the Obama campaign, it was “Will this help us win Iowa?” Then, it becomes easier to make trade-offs. Keep distractions at bay and keep your eye on the ball.

6.      Remember that not all money is created equal. You need to know when and how to raise capital, (both equity and debt), and how to wisely put your money to work on things that adds value. You should be spending as much time researching what investors and lenders want as you spend understanding what your customers want. Understand the approach that angel investors take versus mezzanine debt investors. The more you know, the better positioned you will be to tap the capital markets and make the appropriate asks.

7.      Plan, plan, and then plan some more. Most business owners spend a lot of time planning before they take the plunge and start a business. That makes sense. But, the need to plan doesn't stop when your business is up and running. You need to still need to plan for business cycles, life events, retirement, and more.

8.      Evolve and adapt to thrive. The business owners I spoke with were always doing research and speaking to customers, partners, and more. They leverage all types of resources to stay inspired and bring a fresh perspective to their work. A great business starts with a solid business plan and a clear picture of what you bring to the market and what problem you are solving for your client or customer. Then, a great business keeps evolving and adapting.

http://www.linkedin.com/today/post/article/20130520135600-34334392-8-cardinal-rules-to-succeed-as-an-entrepreneur

9 Careers Tips You Need to Know in Your 20's

Here are some great tips on how to get your career started off on the right foot while you are young. If you like these check out the full article on Forbes.com!

You’re Talented, But Talent is Overrated - Congratulations, you may be the most capable, creative, knowledgeable & multi-tasking generation yet. As my father says, “I’ll Give You a Sh-t Medal.” Unrefined raw materials (no matter how valuable) are simply wasted potential. There’s no prize for talent, just results. Even the most seemingly gifted folks methodically and painfully worked their way to success.

Pick Up the Phone – Stop hiding behind your computer. Business gets done on the phone and in person. It should be your first instinct, not last, to talk to a real person and source business opportunities. And when the Internet goes down… stop looking so befuddled and don’t ask to go home. Don’t be a pansy, pick up the phone.

Don’t Wait to Be Told What to Do – You can’t have a sense of entitlement without a sense of responsibility. You’ll never get ahead by waiting for someone to tell you what to do. Saying “nobody asked me to do this” is a guaranteed recipe for failure. Err on the side of doing too much, not too little.

You Should Be Getting Your Butt Kicked –Meryl Streep in “The Devil Wears Prada” would be the most valuable boss you could possibly have. This is the most impressionable, malleable and formative stage of your professional career. Working for someone that demands excellence and pushes your limits every day will build the most solid foundation for your ongoing professional success.

People Matter More Than Perks – It’s so trendy to pick the company that offers the most flex time, unlimited meals, company massages, game rooms and team outings. Those should all matter, but not as much as the character of your founders and managers. Great leaders will mentor you and will be a loyal source of employment long after you’ve left. Make a conscious bet on the folks you’re going to work for and your commitment to them will pay off much more than those fluffy perks.

Map Effort to Your Professional Gain – You’re going to be asked to do things you don’t like to do. Keep your eye on the prize. Connect what you’re doing today, with where you want to be tomorrow. That should be all the incentive you need. If you can’t map your future success to your current responsibilities, then it’s time to find a new opportunity.

You Need At Least 3 Professional Mentors – The most guaranteed path to success is to emulate those who’ve achieved what you seek. You should always have at least 3 people you call mentors who are where you want to be. Their free guidance and counsel will be the most priceless gift you can receive.

Pick an Idol & Act “As If” – You may not know what to do, but your professional idol does. I often coach my employees to pick the businessperson they most admire, and act “as if.” If you were (fill in the blank) how would he or she carry themselves, make decisions, organize his/her day, accomplish goals? You’ve got to fake it until you make it, so it’s better to fake it as the most accomplished person you could imagine

Read More Books, Fewer Tweets/Texts – Your generation consumes information in headlines and 140 characters: all breadth and no depth. Creativity, thoughtfulness and thinking skills are freed when you’re forced to read a full book cover to cover. All the keys to your future success, lay in the past experience of others. Make sure to read a book a month (fiction or non-fiction) and your career will blossom.

Check out the full article here

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15 Success Principles for Everyone to Know!

The 15 Success Principles You’ll Never Want To Forget

By Joel on March 12, 2013

You can’t assure success, but you can increase the chances of it happening. After all, opportunity favors the prepared. With the following 15 success principles, you can dramatically increase the chances of success in your life.

1 – Prepare

The first success principle is preparation. It’s the foundation of success. With preparation you create your own opportunities. Once you have all the different elements lined up, it only takes a small opening to realize your goal. At the same time, taking advantage of big opportunities without enough preparation means risking your success, as you’re building without a well-laid foundation.

2 – Do something you love

You have to work very hard whatever it is you choose to do. Your work or your project will dominate much of your time and your life. Therefore, find something that you enjoy doing and do that.

3 – Get started

You have to start somewhere. Today is as good a day as any to start. Get into action today and start moving in the direction you want. Putting it off can only lead to failure, whereas if you start and see an early setback, at least you conquered that setback early on.

4 – Move in the right direction

Keep everything moving in the direction you want. It doesn’t matter if things go slowly initially. As long as the overall direction is favorable, you’ll get where you want to go eventually.

5 – Use the power of dreams and your imagination

What you dream and visualize today will become true tomorrow. You just have to work on turning it into reality. Just as your dreams can only influence your life if you let them, the cities you build in your imagination can only become real if you build them.

6 – Think big

If you set your aim a bit too high you might fall short. If you set your aim too low you might achieve your goal… and miss out on the other opportunities. By thinking bigger, the only limit is what is possible. You’re no longer limited by what you think is possible.

7 – Focus on growth

Seemingly impossible challenges are just cleverly disguised opportunities for growth. If you take those challenges and, in solving them, improve yourself, you’ll find yourself continually moving in the right direction.

8 – Maintain your determination

With enough determination, you can succeed through almost any odds. Enough determination means you’ll find a way no matter the situation.

9 – Set a clear vision

Think through where you’ll want to go. Develop a clear sense of what your final goal is, and keep this with you. By knowing the destination you want to reach, you can continually look at your current path and decide if it’s a route that will help you get where you want to go.

10 – Set goals along the way

A final goal isn’t enough. You need intermediate goals that set the path. These goals should be specific, measurable, realistic, attainable, and timely. These intermediate goals define the steps that you need to take to get to the final one.

11 - Work out plans of action for your work

For each goal, it helps to have plans to reach them. Your plan describes how you can reach each step from where you are, or where you will be. Keep in mind that the future is never certain. Things rarely work out exactly how you plan. Therefore, see these plans as showing one or more possible routes, not necessarily the route you’ll end up taking.
Still, knowing the plan means you can avoid long detours that might compromise your chances of reaching a goal on time — or at all.

12 - Commit to taking action

Once you start going, keep going. Never, never, never give up. If you find an obstacle in your way, chip away at it or go around it. The only way to really fail is to give up. If you keep going you’ll succeed. If you hit the limits of what’s possible, you can regroup and find another way.

13 - Use affirmations

Affirmations are just short, positive, and above all direct phrases in present tense. Things like “I’m getting more and more successful.” The idea is that they reinforce a positive world view. With affirmations, you are defining your own reality. By transmitting a positive world view to your mind, it adopts this view. As your mind adopts this view, it helps shape the world around you to fit it, which means it helps make the world around you one that reflects a reality of you getting more successful every day.

14 - Get rid of negative influences

Avoid harmful influences around you that might shake you from your goal. Keep people and ideas around you that support your success and your belief in yourself.

15 - Be grateful and appreciate what you have

The final success principle is to appreciate what you have already. Realize that — by sheer virtue of the fact that you can be reasonably certain you’ll live from one day to the next — you already have enough. Enjoy it! Appreciate what you’ve achieved so far, and see that what you want, where you’re going, is not what you need or what you must do. Rather, these are things and actions that will make your situation even better.

Article By James Meyer | Addicted2Success.com