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Month: January 2023

Crippled CEO Blog #170: Resistance and Leadership Capital

Crippled CEO Blog #170:

So much has been written on how important it is to have the right people in your company. All a business is, really, is a collection of people. That’s it. So, it follows that getting the people right is practically the only thing that truly matters.

And while I have seen this repeated ad nauseam, I don’t see a lot of people saying what those right (or wrong) people look like – what attributes they possess.

So, I wanted to talk about one of those attributes, and in particular one that I think isn’t just overlooked, but the very concept itself isn’t known, making it impossible to look out for at all.

This attribute is resistance. 

In his fantastic book, Extreme Ownership, former Navy SEAL commander and current CEO Jocko Willink talks about the idea of “leadership capital“. As a leader, you have a leadership capital “bank account.” Everything you do, from your facial expressions to the way you talk, deposits or withdraws from that account. If I trust someone with an important project, that deposits “money” into my account. If I listen to their feedback, that puts “money” into my account. When I give out bonuses or Fridays off in the winter, more deposits into the account. And it’s important to have that account filled up, because eventually, I need to spend that capital. If I need everyone to stay late to get a bunch of important orders out, that withdraws from the account. If I ask someone to do something that they think is a bad idea, that is a withdrawal from the account. If I screw up, that is a withdrawal. You are OK with your boss trying something you’re not sure about if he’s had a track record of success previously, but if this is his 10th bad idea in a row, then you’re not. If you spend too much from the account without enough deposits, eventually, your leadership capital is bankrupt, and that’s when you lose people. That’s when folks are fed up and can’t take it anymore.

What does this have to do with resistance? 

Employees who have lots of resistance force you to spend more leadership capital. 

I’m going to give two examples. Here is the first:

Let’s say that someone working for you gives a presentation, and it goes really poorly. Afterwards, you ask them how they think it went, and they tell you that it was awful. They already have a bunch of ideas on how they’re going to improve it for next time.

The next day, same situation, different person. They give a bad presentation, and you ask them how they think it went. They tell you that it was amazing. They couldn’t be happier with their performance.

The second person is going to be a lot more resistant to change and feedback than the first person. That resistance is going to force you to spend more leadership capital — a finite and valuable resource.

The second example of resistance is a bit different. 

I’m so thankful that the team that I have now share the same foundational philosophies and ideas. We all see the big picture. We are focused on long-term success, and willing to make short term sacrifices for the long-term success of the brand. We believe that doing the right thing is always the right thing. They all believe that our company should be a happy, enjoyable place to be, where our customers, coworkers, and vendors are treated with kindness, fairness, generosity, and grace. Everyone is on board with trying interesting and creative ideas, even if they might not work, and with constantly trying to evolve.

Because of this, when I (or someone else) want to try something new, bold, or creative, the response I get is typically enthusiasm and excitement. Now, it is important to note that this is different from being surrounded by “yes men” who just agree with me all the time, because that’s certainly not the case. People definitely speak up if they think something is wrong. But when I want to make crazy company shirts, donate to every drowning prevention nonprofit in the country, upgrade the products in a major way, or develop a new warehouse management software, everyone is generally eager to help out, and on board with the larger ideas, even if we debate the details or implementation. 

This makes such a big difference, and it wasn’t always the case. In the past, I had resistance from people on every level of the company, from the leadership all the way down to the person sweeping the floor in the warehouse. Because there was such a gap in our core ideologies, the result was that every new project or idea or direction was immediately viewed negatively, and everything was a fight. And this constant arguing, cajoling, and convincing was a massive expenditure of leadership capital. Because even small things took so much capital, we were limited in what we could do. I was also always second-guessing myself, which caused decision paralysis. It was like being stuck in a quagmire. And the truth is that even a flawed plan is better than no plan, that it’s often better to do something rather than nothing, but if you’re constantly being told that everything you try to do is wrong, nothing is what ends up happening. 

That’s the painful result of resistance. 

Once you know the concept, it is easier to spot it when it’s happening. And once you know how detrimental it is, it is easier to prioritize replacing the people for whom it’s the most salient. 

(Do you know who showed zero resistance last night? Your mom. Your mom also gets a text from me every Sunday with a link to the latest blog post. Send a text to 561-726-1567 with the word CRIP as the message to get a link to the blog as soon as it’s up.

Did you know that I have a YouTube channel now? I do! I am putting up two videos every single week. Go search for Crippled CEO and you’ll find me. I would appreciate it if you subscribed.)

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Crippled CEO Blog #169: You have blind spots

Crippled CEO Blog #169:

You may not realize it, but both your eyes have a natural blind spot, or scotoma. Everyone has them. They’re normal and you probably don’t notice them.

Your retina, which is a thin layer of neural tissue at the back of your eye, is made up of tiny, light-detecting cells called photoreceptors. When light lands on your retina, it sends electrical bursts through your optic nerve to your brain. Your brain turns the signals into a picture.

The spot where your optic nerve connects to your retina has no light-sensitive cells, so you can’t see anything there. That’s your blind spot.

It is honestly not the best design, and many vision experts agree that they would have done it differently if they were consulted. 

If you don’t believe me that you have a blind spot, or you just want to prove it to yourself, it is easy to do. 

To find your right eye’s blind spot:

  • Close your left eye.
  • Hold your left thumb out in front of you, with your arm straight.
  • Look at your left thumb with your right eye.
  • With your left eye still closed, hold up your right thumb.
  • Place your right thumb next to your left thumb.
  • Keep looking at your left thumb.
  • Slowly move your right thumb to the right while looking at your left thumb.
  • When your right thumb disappears, you found your right eye’s blind spot.

To find the blind spot for your left eye, just switch eyes and thumbs.

So, now you know that you are constantly living with this blind spot that you possibly had no idea about. Every moment you’re awake and looking around, you are missing stuff that you think you are seeing.

This happens in life and business, as well. We think we have a clear picture of what’s going on, but the reality is, we all have blind spots, and the scariest possibility is that we don’t even know about them.

Just like with your optical scotoma (blind spot), you’re never going to get rid of all of your business scotomas, but you CAN reduce them. 

There are two main ways to heal some of your blind spots.

The first is quality data and reporting. The most basic and necessary version of this is financial reporting. Whether you do it yourself or you get help from a bookkeeping service, having up-to-date financial reports for your business is going to eliminate so many blind spots. There is so much that you don’t know you don’t know if you’re not doing proper accounting and seeing your profit and loss and balance sheet statements.

Beyond that, a CRM, customer relationship management, tool can help you track other metrics that don’t fall into financial reporting. How many phone calls or leads you get, how many of those turn into quotes, what percentage of quotes turn into jobs, how long that process takes, the average size and profitability of each job, how those things change over time and compared to previous periods, and so much more. Just like with the financial statements, if you’re not doing this, you really don’t have any idea what you don’t know about. It is a massive  blindspot. 

The second big way to reduce blind spots, besides analytics and reporting, is through customer and employee feedback. The people you sell to and the folks on the front lines of your business have invaluable information, and if you’re not proactively trying to solicit that information, you’re missing out in a huge way. You might get some feedback from customers and employees without asking, but the amount opens up like a flood gate when you go out of your way to ask in a consistent, systematized way. You will be shocked by what you learn.

Those are the two big ways to get rid of some blind spots, but there is a third, bonus method that I think is worth mentioning, also. Self improvement and education. Constantly learning as much as you can from books/audiobooks, podcasts, YouTube videos, mentors, etc., can open your eyes and make you see things you just missed entirely before.

No matter how many blind spots you get rid of, the truth is that you’re never going to eliminate all of them completely. Being cognizant of this, staying humble, and being open to the fact that you’re likely missing things will go a long way towards mitigating the negative impact they can have on your life and business.

(Do you know who got something in her eye and had a blind spot last night? Your mom. Your mom also gets a text from me every Sunday with a link to the latest blog post. Send a text to 561-726-1567 with the word CRIP as the message to get a link to the blog as soon as it’s up.

Did you know that I have a YouTube channel now? I do! I am putting up two videos every single week. Go search for Crippled CEO and you’ll find me. I would appreciate it if you subscribed.)

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Crippled CEO Blog #168: New Year’s Resolutions

Crippled CEO Blog #168:

Today is January 1, 2023. Happy New Year, y’all. 

I don’t normally set resolutions. 

Study after study has shown that the typical New Year’s resolutions are wholly ineffective, if not counterproductive. 

Typically, we use the genesis of the new year as an opportunity to crank up our motivation on some sort of long-term improvement that requires discipline and willpower. We decide that the new year is a good excuse to shed our past mistakes and start doing that thing we were failing at — eating well, exercising, reading more, quitting smoking, saving money, etc. 

The problem is, the new year doesn’t create a new you. You are still the same you, so without any additional changes to your life, nothing gets better.

That’s why, this year, I decided to  try a different kind of resolution — a higher resolution image of what I want my life to be. A 4k image of my life instead of 720p. And then I took that high resolution image, and I laid the groundwork to make it reality.

I decided, during the fantastic New Year’s Eve party at my house, that I wanted more of these kinds of things in my life on a more regular basis — to be around my favorite people, while they’re having a great time, laughing and smiling until my face hurts.

After making this decision, I went through my calendar for the rest of the year, I made a list of all of the events and gatherings I wanted to host on what dates, from now through December 31, and I sent that list to a bunch of my friends. Hopefully, a lot of them make it to a lot of them.

So, perhaps this year, instead of using the dawn of the new year to resolve yourself to do something, maybe make the New Year’s resolution a higher resolution picture of your ideal life — go from 72 dpi to 600 dpi. And then once you have that clear picture, do something right away to start making it come true. 

I’ll let you know next year how this worked out for me. 

(Do you know who had a clear picture of what she wanted last night? Your mom. Your mom also gets a text from me every Sunday with a link to the latest blog post. Send a text to 561-726-1567 with the word CRIP as the message to get a link to the blog as soon as it’s up.

Did you know that I have a YouTube channel now? I do! I am putting up two videos every single week. Go search for Crippled CEO and you’ll find me. I would appreciate it if you subscribed.)

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Join the fam and make sure you never miss a post. Send a text with the word CRIP to 484848. I'll send you the link each week to the newest blog as soon as it's released.

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