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About anentrepreneurswords

R. Lee Harris grew up in Manhattan, Kansas and has lived in the Kansas City area since 1977. A 1975 graduate of Kansas State University, Harris began his career with Cohen-Esrey, LLC as an apartment manager two weeks after he graduated. Now president and CEO, he is involved in apartment management, development and investment; construction and tax credit syndication on a nationwide scale. Over the course of his career Harris has overseen the management of more than 27 million square feet of office building, shopping center and industrial space and nearly 60,000 multi-family units. He has started dozens of business enterprises over the past 40+ years. In 1991, Harris wrote a book entitled, The Customer Is King! published by Quality Press of Milwaukee. In 2012 he authored the book, An Entrepreneur's Words to Live By. He has mentored a number of business people over the years and has been a long-time participant in the Helzberg Entrepreneurial Mentoring Program. He and his wife Barb have two grown daughters and one grandson. They are active in their church, community and university.

Dead End or . . . ?

Have you ever found yourself pursuing an idea or an initiative only to discover you’ve reached a dead end? Often times people give up and move on to something else. Why waste any more time on something that’s not going to work, is the conventional thinking. But what if this is an entrepreneurial endeavor in which we’ve invested serious money as well as time and energy? Walking away isn’t so easy. In fact there may be a tendency to stubbornly throw good money (and time and energy) after bad.

There is a way to turn some dead-ends into cul-de-sacs. This is done through a process called pivoting. Very simply, a pivot is a change of direction. I remember playing high school basketball and having the ball thrown to me close to the basket. Usually there was a defender trying to stop me from scoring which required me to pivot or change direction to get a better unobstructed shot. Sometimes I was so hell-bent on bulling my way to the basket that my shot would be blocked or the ball would be stripped away. Frustrating? You bet. But it was my failure to finesse the situation and pivot that resulted in my failure to score.

While pivoting seems like an easy and obvious course of action, it’s not. We entrepreneurs tend to be a proud lot. We often think we have the best ideas since sliced bread. We also believe we can make anything work with discipline and perseverance along with our charm and good looks. We may not even realize we’re headed down a dead-end street. How can we become more objective on our journey? Setting milestones at the beginning of the process can be very helpful. This is accomplished by establishing measurable performance indicators that enable us to know if we’re progressing toward our end goal or not. By keeping track of our milestones it becomes easier for us to see when we need to make a course correction.

There are numerous examples of pivots in American business that resulted in extraordinary products and companies. The likes of Pay Pal, Groupon, Starbucks, Nokia, Flickr, Hewlett-Packard, Nintendo, Instagram, Wrigley, Avon, Pinterest and Suzuki are all case studies. An article in Forbes Magazine dated October 8, 2014 by Jason Nazar and Rochelle Bailis chronicles one of the most famous pivots of the modern era – Twitter.

“The most legendary pivot in social media history is the transformation of Odeo into Twitter. Odeo began as a network where people could find and subscribe to podcasts, but the founders feared the company’s demise when iTunes began taking over the podcast niche. After giving the employees two weeks to come up with new ideas, the company decided to make a drastic change and run with the idea of a status-updating micro-blogging platform conceived by Jack Dorsey and Biz Stone.”

Keeping an open mind; avoiding being married to an idea; setting and watching milestones; collaborating with others, and maintaining an environment for innovation is the perfect recipe for discovering when and how to pivot. Sometimes multiple pivots may occur before we nail it. Smart entrepreneurs are always on the lookout for pivots that will deliver the results they are seeking.

A pivot may actually bring about an even more exciting product or service (or company) than originally intended. The process of pivoting will also help to minimize or eliminate the incidences of dead-ends.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

pivots

Watch Your Language!

Words, words, words. Research by Louann Brizendine of the University of California indicates that on average, women speak 20,000 words per day and men speak 7,000. I share this to point out how many opportunities we have as men and women to create positive or negative energy with what we say. Our words can be uplifting or demoralizing; they can be helpful or hurtful, and they can be passive or aggressive. In my opinion one of the most important things to remember is that what we speak is an affirmation.

As entrepreneurs and for everyone in general, we want our affirmations to be positive. Affirmations have power. They pattern our conscious and subconscious minds. The seemingly innocent things we say are cumulative and can have a profound impact on our lives. Let’s look at some of the “benign” statements that are made every day.

“I didn’t have time . . .” I’ve been working hard to eliminate from my vocabulary any reference to not having enough time. I realize that I make a choice about how I spend my time and I’m not somehow under its spell. Sure, there are things that don’t get finished, but I chose which tasks those were. Understanding this has helped me become much more adept at prioritizing what I do each day.

“I can’t do . . .” This one is dangerous. The more we say this, the easier it becomes to admit defeat – and “I can’t” is clearly the flag of surrender. As cliché as it may seem, I try to replace “I can’t” with my childhood memory of the 1930 story by Watty Piper, The Little Engine That Could. I’ve decided that I’d rather “think I can,” try and fail, than “think I can’t” and not try at all.

“I’m sick.” I refuse to acknowledge this. It’s true that I may get a sniffle from time-to-time but I’m not about to affirm that I’ve succumbed to ill health. If I do feel a bit under the weather I will affirm that I’m healthy and whole. That, along with lifestyle changes I’ve made, powers me past whatever may be trying to ail me.

“I hate . . .” I’m guilty on this one and realize that I need to change. I say things like “I hate red lights, idiot drivers and incompetent bureaucrats.” Unfortunately there’s a touch of anger – albeit fleeting – that is present when I say, “I hate.” And anger – even a short and subtle burst – can have a physiological effect on our bodies. A combination of brain chemistry and muscular response can weaken our immune systems.

“Why did this happen to me?” There are a multitude of variations of victim-speak. “He/she screwed me,” or “I didn’t win the contract because my competitor is unscrupulous.” I’ve been working for years to recognize the fact that I’m in control of my own destiny and I’m not about to give my power to others, especially through verbal (and negative) affirmations. If I lose it’s going to be of my own doing and not because of someone else.

That which we affirm has a higher probability of manifesting than that which we do not. Why then would we want to affirm anything but positive results for ourselves?

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

Little Engine That Could

Great Idea!

Entrepreneurs are brimming over with new ideas. Some are novel, some are revolutionary and some well, let’s just say there’s a lot of room for improvement. Regardless, we often find ourselves enthralled and passionate about our ideas. It’s our nature to share these ideas with others to attain validation and receive encouragement. And because most people are nice, we seldom hear rejection – especially from friends and family. Further, we may interpret tepid enthusiasm as an endorsement and plunge ahead to develop our ideas in the absence of a solid reality check.

How do we find out if our ideas are worthy? We start by treating our ideas as if they are a product or service – and they very well may be. Does our idea solve a problem? In the world of venture capital that funds ideas, a different question is asked. Is the idea a “vitamin pill” or a “painkiller?” People take vitamins because they desire better health. They take painkillers because they hurt. Which has the higher probability of being purchased on a consistent and ongoing basis? You got it – the painkiller. Consumers can put off purchases that make their lives better, but they won’t do so when they hurt. So, is your idea a “painkiller” that solves a real problem? If so, you may have a winner. But just because your idea might be a “vitamin pill” doesn’t mean it won’t work. However your case for someone to “purchase” may need to be more compelling.

Next, who is going to use your idea? In other words, who is your customer? Remember that we’re looking at our ideas as though they are products or services. To successfully implement an idea we must understand who our customer is as well as their various characteristics, traits and tendencies. For example, let’s say that we have an idea to launch a new process within our company. Who are the members of our team that will be utilizing this process? Could there be a “generation gap” with the way we plan to deploy our process? If we’re Baby Boomers, and Millennials will be using the process, we need to make certain that Millennials can relate to it.

In keeping with our ideas-are-products-or-services theme, we need to test our idea with our potential customers. Bouncing an idea off a spouse or friend isn’t the same as having an in-depth discussion with those who are going to use our idea. Before we completely perfect an idea, it’s best to work with a small focus group of eventual customers. We lay out our thesis and describe the problem we are attempting to solve. We explain the “vitamin pill” or “painkiller” notion of our idea. Then we share our solution and solicit feedback – just like we would do if we truly were launch a product or service in the marketplace. The responses we receive will be invaluable in refining our idea to be that much more appealing and useful to our “customers.”

Once we’ve completed these three steps we can evaluate whether or not our ideas are worthy of pursuit. In some cases we’ll get a thumbs-up signal, and in others we’ll either need a complete idea overhaul or throw it on the scrap heap. While sometimes challenging, being completely objective is the byword.

Evaluating ideas as a product or service reduces the chance for us to emotionally chase a fantasy. It allows us to allocate our time and energy pursuing viable opportunities that we envision.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

Aspirin-tablet-300x300

Disruption

What do World Book Encyclopedias, the Sony Walkman, public pay phones, cassette tapes, flopping disks, Palm Pilots and manual typewriters have in common? OK, I realize it’s an easy question – they are all obsolete products. But the real question is why they became obsolete in the first place. You may be thinking, “Other more advanced products came along and replaced them.” True again. But why didn’t the makers of these products create newer and more advanced versions? And therein lays the dilemma. I’m going to make a sweeping generalization here to prove my point – and the individual situations may have been more complex than I am purporting. The bottom line – there was a failure to embrace change and a desire to embrace the status quo.

For many people change is scary. It’s filled with uncertainty and risk. Think of all the businesses you know about that have adopted the philosophy, “If it ain’t broke, don’t fix it.” Yet, maintaining the status quo is actually falling behind. Why? Because we’re in a highly competitive age where information flows more quickly and more substantively than at any time in history. Someone is always looking for a better way to do everything all the time. What steps should we take to avoid becoming the next World Book?

Step One. Constantly stay in touch with the customer. We need to mine every customer interaction for the data that can be produced. And we need to create customer interactions outside the regular purchasing process through surveys, focus groups, etc. What do our customers like about our product or service? What don’t they like? What do they like and dislike about our competitor’s product or service?

Step Two. From our ongoing customer feedback process we can continuously fine tune our product or service offering with incremental improvements. This enables us to keep from falling behind in the competitive race.

Step Three. In addition to staying in touch with the customer we should also be totally immersed in what is happening within our industry. Trade publications, conferences, blogs and ongoing relationships help keep us on top of trends, opportunities and threats.

Step Four. This one is the biggie. We can make a choice as to whether or not to be a disruptor or be the disrupted. A disruptor is an innovator who turns an industry on its head with a radical idea. Those who choose to stick with what they are already doing are vulnerable to becoming a victim of this marketplace disruption. Some industries rock along for years with little or no disruptive innovation. In others (technology, for example), disruption occurs daily. Even if we don’t create a huge and splashy disruption of some sort, the fact that we continue to try and do so will often be enough to keep us on the cutting edge.

One of the most prominent disruptors of our time is Sir Richard Branson of the Virgin Group. He has a mindset of looking at various industries and seeing an opportunity to innovate. Then he does it. Often it works – sometimes it doesn’t, but few can argue the success he has had with more than 400 companies.

Resting on the laurels of success is a dangerous game. I imagine at one point in time Walkman sales were off the charts and the folks at Sony were feeling pretty good. And then, BOOM, the ride is over. It’s important to keep our foot on the metaphorical gas pedal. Keep marketing no matter what. Build a backlog. Take the utmost advantage of good times. But . . . always remember and practice Steps One through Four. It’s the best vaccination for obsolescence.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

manual typewriter

Misplaced

Think about how much loyalty is a part of your life. How loyal are you to others? And how loyal are they to you? Do you have loyal customers; loyal partners; loyal employees, loyal friends and loyal family members? Loyalty is a strong and positive quality. It’s a key element in building and maintaining relationships. So everything must be peaches and cream, right? Ah, but there’s a bit of a dark side to loyalty.

You probably have heard the term, “loyal to a fault.” This is when we may be too loyal to someone else and that loyalty clouds our judgment and may even be damaging to our business. Whether or not we’re being too loyal can be a tough call. It requires us to be very objective about a particular person and their performance. This can be exceptionally difficult for anyone and nearly impossible for someone who places a very high value on the loyalty trait.

Here’s a scenario that may be familiar. Perhaps it’s even happened in your own organization. A high-level executive has been with a firm for 30-years and reports to the founder and CEO. This executive is part of the CEO’s inner circle and his advice and counsel is often sought by the CEO. Unfortunately this executive is also a flaming jerk. He’s very nice and thoughtful to other senior level executives, but when it comes to those who don’t have as prominent a position in the organization, he can be unreasonably demanding and thoughtless. Because of his tenure with the CEO, his behavior is tolerated. The employees of the firm have learned to steer clear of him and know that he is “protected” by the CEO. Complaints were lodged about him in years past but it’s well-known by everyone working for this company that he will always get away with whatever he wants.

If asked about this high-level executive, the CEO would undoubtedly say, “I know that he can sometimes be a bit abrasive, but overall he’s done a great job for this company.” The CEO might also say something like this, “He and I were fraternity brothers and he’s always had my back.” Sound like something you might have heard before? In this situation, many of the employees of this company have lost respect for the CEO because he won’t fix the problem. If this was a family business, it could very well be that the CEO and high-level executive are related – brothers perhaps. The bottom line is that the organization cannot function effectively because the CEO has misplaced loyalty to a problem individual.

As entrepreneurs we must learn how to maintain our objectivity, especially when it comes to employees and team members who are key to us. We have to be able to separate our feelings of loyalty from what is best for our organization. Loyalty can easily become a blind spot for us unless we have a method to deal with it. In a larger organization this can be done through a human resources department. The HR director must be given permission by the CEO to lay the facts on the table about each and every employee. In a smaller firm, it may be helpful to hire a consultant who can facilitate the performance of a 360-degree review of senior executives or even all members of the firm. In both cases, the HR director or the consultant should provide an honest perspective to the CEO that one of his or her reports needs to be coached, disciplined or even dismissed.

Loyalty is generally a good thing. But when there’s loyalty to a fault, we need to be willing to listen to someone tell us when we have a problem. And then we must deal with it accordingly.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

Loyalty

Intensitivity

Dear Entrepreneur:

I watched you the other day as you “took command” of a situation involving a vendor who works with your company. Obviously the vendor did not perform his service satisfactorily – you certainly let him know this in no uncertain terms. I did get a little concerned when I saw the veins begin to pop out in your neck. I’m sure glad I wasn’t on the other end of that call!

Sincerely – One of your employees

Just reading this feels a bit embarrassing. Have you ever known anyone like this? Some entrepreneurs pride themselves in being very direct and matter-of-fact. They pull no punches and sugarcoat nothing. They wear their bluntness as a badge of honor. Unfortunately they have become confused about the virtues of honesty and transparency, and feel the need to demonstrate these traits in an extremely intense manner. But to what end? Did this approach resolve the situation? Did it build a stronger relationship? Is the vendor more or less likely to want to go out of his way for the entrepreneur in the future?

This brings us to an interesting point of discussion. Is it better to be more assertive or more aggressive? When we’re assertive, we’re able to be direct and straight-forward without becoming angry. Being aggressive typically brings with it a sort of heavy-handedness that evokes negativity. It’s a real art to being able to deal with a situation assertively where everyone walks away with generally positive feelings – but the message has been clearly delivered.

What can we do to re-pattern our aggressive tendencies and convert them into a more positive and assertive approach? Years ago, I took a Caliper Profile. It’s a computerized test that identifies traits and tendencies and is an excellent tool for hiring people. On a scale of 1 to 100, my Assertiveness score was a 99 and my Aggressiveness score was a 92. I was told that this was a bit of a dicey pattern. I could just as easily flip from being assertive to being aggressive – and sometimes too aggressive. Knowing this, I’ve been working for years to try and tone down my aggressiveness. I’ve learned that I need to keep my temper in check and try and remain as James Bond-like as possible. Sure, that may sound corny, but the goal is to be unflappable and even-keeled.

I try to remember to keep a smile on my face even when the bullets are flying at me. I attempt to stay on a fact-path and eliminate emotion from my conversation. Every once in a while when someone else is being aggressive I’ll succeed in lowering the volume of my voice. In turn, the other person may begin to calm down and lower his or her volume as well. Once the temper is in check, being assertive is much easier. Clear and persuasive arguments can be made in a cool and calm fashion. Now I’m working more on the intensity I convey, particularly with my body language. When I’m feeling quite passionate or positive about something, I can sit forward in my chair and raise my voice a bit – even though I’m not at all angry. I have to try harder to be less animated which some people can misinterpret as aggressiveness.

We are much more likely to reach our goals when we replace aggressiveness with assertiveness. Then the badge of honor we wear is that of positive outcomes instead of trampled feelings.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

James Bond

Reality Superstar

There are many acts we perform as entrepreneurs that are very similar to walking on a tightrope. They require just the right amount of focus, nerve-control and balance to keep from falling into the abyss. You are probably experiencing one or more right now. But here’s one to which you may not have given much thought. How do we be an “all-in optimist” and yet maintain a perspective that is grounded in reality? Another way of putting it is, “how do we see reality through rose-colored glasses?”

Let’s face it; sometimes reality bites. We prefer not to look at the downside which may lead us to fantasize about the upside. Eventually our point of view becomes one of hope which should not be confused with optimism. Rick Page wrote a great book a number of years ago entitled, Hope Is Not a Strategy. He’s right. I’ve tried to remove “hope” from my belief system. To me, the concept of hope conveys a sense of passivity. I’m more interested in assertively taking action in such a way that there is no room for hope in the equation.

If there is no hope and we must face reality, how can we possibly be optimistic? I believe that there is a way to be very optimistic about almost every situation while still understanding and living in reality. First, we must assess and face the downside head-on. This means that we need to take an objective look at the situation and in a cold and calculating fashion determine the facts – whatever they may be, good and bad. There is no room in this process for ignoring, denying or rationalizing. It’s critical that we inventory everything.

Next, we look at the facts and develop a complete understanding of the risks at hand. We must look at every risk as an opportunity to fail. Identifying the risks puts us in a position to figure out how we’ll mitigate those risks. So let’s review so far. We’ve recorded all of the facts we know about a situation – good and bad. We’ve determined the risks and mitigated them. And now we want to stack the deck in our favor. We do this by creating a clear path to win. Think about it this way. Suppose you are the captain of a sailboat. You need to get from Point A to Point B. But you know that there are many rocks, shoals, severe currents and other dangers lurking beneath the water. Before you set sail, you take charts, weather conditions, current sailor reports, and every other piece of information you can get your hands on. You then plot your course (creating a clear path to win) around the obstacles (mitigating the risks you identified from your fact-finding effort).

The last step in this process is that of holding a positive mindset. This should be relatively easy because you know the clear path that you need to take to win. And you’ve already planned for known and unknown challenges. The end result is that you possess an air of confidence, for in your positive state of mind, you know without a doubt that you are going to sail the waters smoothly, calmly and successfully. Now that’s optimism!

Becoming a Reality Superstar requires that we be optimistic. Optimism goes hand-in-hand with reality when we utilize a fact-based process to embrace the challenges that we experience. No longer do we need to hold onto hope, because we are supremely confident of our success.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

pigs-fly

Knock-Knock . . .

Knock-knock. Who’s there? Problem. Problem who? This childhood riddle is emblematic of a common perspective that many of our daily encounters present problems for us. But are they really problems? I’m sure that an argument can be made that anything a bit perplexing or where a less-than-favorable outcome is realized, could be considered a problem. But why do we choose to believe this so often? Some of us by nature are problem-solvers (I’ve been known to fall in this category) and so we may see situations as problems to be solved. But I submit that there is a different way to look at this.

For the last many years, I’ve become more and more inclined to be an “opportunity-seeker.” And what a difference it makes to see things as less problematic and more opportunistic. Obviously this is a subtle shift in mindset – does it really matter what we call it? I believe that it does because of how we tend to react internally to problems versus opportunities. Some of our natural feelings when facing a problem may be dread, fear, surprise, fatigue, victimization, overload, resignation, procrastination and apathy. All of these feelings are cloaked in negativity. Of course there are positive ways to view problems and many of us may do so; but I’ll bet that the natural tendency is to focus more on the negative perspective.

On the other hand, becoming an “opportunity-seeker” is a proactive and positive manner in which to move through challenging situations. Notice my language here. I didn’t talk about “facing” a problem. I didn’t talk about a “resolution.” Instead I used the words “move through challenging situations.” This sounds effortless but it’s not. However, the process of “moving through challenging situations” does not have to be filled with our own emotional downside drama. And there’s one component to being an “opportunity-seeker” that makes it all worthwhile in my view. We get to unleash our creativity.

Creativity is one of the most positive energies that we can experience. It’s much more expansive than just figuring out how to fix something. Metaphorically speaking, creativity enables us to make things bigger and better. I’m sure you’ve felt the frustration of trying to put together a puzzle where you simply can’t find the right piece. We just want to “fix” the situation by finding the missing piece and moving on – right? Contrast this with taking a pile of Lego® pieces and building an object right out of our minds-eye. That’s the difference between being a problem-solver and an opportunity seeker. Some situations will always require finding the right piece to the puzzle no matter how creative we want to be. But we can find a way to harness our creativity in every situation. In the literal case of the puzzle, perhaps we can become more imaginative in the way we sift through the pieces to find the right one. Or maybe we make a game out of it.

When we choose to stop seeing challenging situations as problems we cease limiting ourselves to being only problem-solvers. Moving through challenging situations by looking for opportunities to be creative opens the way for feelings of joy, accomplishment, euphoria, happiness and satisfaction. Knock-knock. Who’s there? Opportunity!

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

flyingcar

Perfect Alignment

There are numerous obstacles that we encounter along the trail of life. Many are of our own making and some are not. What can we do to smooth out the path and avoid the monsters that jump out of the bushes to bite us? One answer involves a concept that I’ve only recently begun to understand at a deeper level and come to embrace. The concept is that of core values.

In the past I probably would have quit reading by this point and moved on to something that seemed more tangible to me at the time. After all “core values” sounds a bit esoteric and maybe even a bit “psycho-babblish” – not something a macho entrepreneur would be interested in. But after studying and witnessing the effects of core values, I’ve become a believer.

More than a year ago our collection of companies made a conscious decision to change our culture. A Core Values Team was formed and the group did amazing work. They spent countless hours brainstorming and debating the basic values they thought we should epitomize. The result was five core values including Integrity, Commitment, Team Member Fulfillment, Customer Fulfillment and Community Impact. A second team was formed called Building Internal Communities, and worked in tandem with the Core Values Team to roll out the core values to team members across all the companies with locations scattered across the country. Tremendous effort has been undertaken to keep the core values at the forefront and live them accordingly. And it seems to be working in an impressive fashion.

Here’s where it gets interesting. We determined early on that we wanted to make certain that everyone on the team was in perfect alignment with the core values; AND everyone with whom we work outside the organization is also aligned with these beliefs as well. It has become obvious over the past several months that some of our team members don’t completely buy into the core values and they have left (or in some cases, were asked to leave). But what’s even more fascinating is the fact that we can see very clearly that certain vendor and client relationships aren’t necessarily aligned either. In the past we’ve butted heads with these relationships or felt like we weren’t on the same page with them. Through understanding our core values we now have a means of assessing our external relationships to see how well we are in alignment.

The upshot of this process is that we are severing some of the ties that we have with external parties. Harkening back to my opening salvo – why live with the obstacles that stand in our way? This doesn’t mean that the external parties with whom we have been struggling are bad or dishonest. It simply means that we may not share the same values which can cause friction and anxiety. This can be eliminated by building relationships with those external parties where we are in perfect alignment. Gone are the hard feelings and the unrealistic expectations. No longer do we waste time hashing and re-hashing unpleasant interactions with other parties.

Establishing a strong set of core values helps team members become aligned. But of equal importance, working with external parties that share the same values helps make our lives richer and happier.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

flock of migrating canada geese birds

Mistake-Prone

I have a philosophy that mistakes are simply unfinished experiments in the laboratory of life. That doesn’t mean we want to leave unfinished the same experiment over and over. But being too tentative and too cautious to avoid making a mistake may itself be a mistake! The obvious conclusion is that we want to learn from our mistakes and turn them into productive experiences.

To turn our mistakes into productive experiences we need to analyze them in a process-oriented manner. Being a go-go entrepreneur, it’s not easy for me to slow down long enough to reflect on what went wrong. Generally I just want to get back in the game and do it right the next time. This worked somewhat well in the past, but as I’ve gotten older I’ve learned that being more intentional about analyzing mistakes increases the odds of not making the same mistake again. It also has caused me to look for the “silver lining” – that nugget of information that might enable me to turn the mistake into something unintentionally positive.

Step One in my mistake analysis process involves the simple act of identifying what went wrong and writing it down. Yes, I know this takes time, but it forces us to take a hard look at what happened. Did I follow an established process or did I deviate from it – maybe even wing it? Did I fail to build-in a sufficient margin of safety at the front end? Did I somehow ignore warning signals that were flashing at me? Was I driven by emotion or was my initiative grounded in facts? I’ve found that most of my mistakes came from deviating from an established process. Because of my go-go nature I want results to happen very quickly. By analyzing my mistakes I’ve recognized a tendency pattern to cut corners.

Step Two requires that we consciously determine what we need to do differently and commit to do it. Knowing that I have the propensity to cut corners, I have become committed to following established processes. Before I move forward with anything I’m doing, I stop myself and ask the simple question, “What is the process that needs to be followed?” I make certain that I know exactly what the process should be and then I affirm, “I know the process and I will follow it.” Sometimes I may even make this pledge to a close colleague for accountability sake.

The final step in mistake analysis is that of looking for the “silver lining.” History is littered with mistakes that resulted in brilliance. Alexander Fleming discovered penicillin due to a mistake he made in his lab. Another famous mistake at the 3M laboratories turned into Post-it Notes. Plastic was invented as the result of a mistake – some say that Charles Goodyear left a mixture of rubber and sulfur on the stove too long and found that he had created a new material. Wilson Greatbatch was building a heart rhythm recording device in 1956; used a wrong part, and realized that the device would maintain a heart rhythm – thus the pacemaker was born. If we don’t look for the silver linings in our mistakes we may never find that little (or big) something that manifests into a positive development. Finding the silver lining requires a creative mindset – perhaps this is an exercise that can be done with others. Take the mistake and purposefully look through the “rubble” to see if there’s anything of value that might be useful.

Mistakes don’t have to be the end of the world for us if we take the time to find out what happened; how we’re going to act differently in the future and committing to such different action, and finding the silver linings that may be hiding in plain sight.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

mistakes