Getting to “NEXT”

Q: I’m an intrapreneur in my company. I come up with and execute revenue-producing ideas with little risk to me personally. But when a great idea goes bust, I have a hard time shirking it and moving on. I think this tendency will come to bite me when I’m my own boss someday. Transitioning is hard, what to do?  Dan R. Toronto, Canada

“Transitioning” has a broad definition. For those who have the gift of hyperfocus, breaking away from one activity to move on to something else is challenging. You know you need to stop, but you need a team of wild horses to drag you to the next activity. Others need lots of time to stop thinking about one task so as to start thinking about the next task. For example, you may find yourself in a meeting with your accountant, and as he points out the numbers, your “guy in the basement” (see blog from 5-8-18) is still stuck on the design of your packaging.

Dan’s transitioning concern is about moving on emotionally from a failed project to a new idea. Even though he experienced no personal financial loss, the time spent grieving, blaming and shaming wastes time and energy. Lots of hands go up when you ask founders if they know what Dan is going through. One solution is to step back and examine the situation like a scientist peering into a microscope − what went wrong and how you can avoid these mistakes the next time around.  Common missteps to avoid in your next project include:

  • communication failures between persons and departments
  • no “walk through” period to identify weaknesses or ambiguities in the process
  • identifying persons key to the success of the project who were not suited or not in favor of the project from the start– the stealthy saboteurs
  • a lack of oversight during the rollout; poor monitoring the money, service quality and customer feedback.

Swallow that “jagged little pill” and take responsibility for the failure. Even though others may have contributed to the project’s demise, release your grudges. These persons know who they are, what they did and realize they have let you down. You have learned something new about the people you work with. Be professional and remain cordial. Note that especially in small companies, you may need these folks again in the next project. Perhaps, next time, they’ll step up to the plate.

Emotional self-regulation is a core executive function that every self-starter needs to master. Learn about effective, non-medication ways to manage your emotions and make transitions easier. Contact me at [email protected]

 

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Your Values Run the Show

Before you can lead others – establish a mission statement, focus, direct and guide others to bring a product or service successfully to market – you need to clarify your core convictions, your values. The way you lead or run your business is an extension of how you personally conduct yourself on a day-to-day basis. Your values indicate what is important to you.

Your core values guide the behavior and the decision-making of your workforce. Whatever values you play out in your life, good or bad, will influence the behavior of your family members, your employees and the outcome of your enterprise. Your team(s) looks to you as the model for the values you espouse. As a leader, you need to show consistently what those “values” talk and walk like.  When the walk doesn’t match the talk, when core values are inconsistent, they become the source of mistrust, cynicism, and low performance at home and at work.

Values are:

  • What drive your priorities in life
  • How you like to spend your time
  • What give you the most enjoyment and satisfaction
  • How you relate to others

Clarifying your values helps you understand yourself and why you  choose to act the way you do. Knowing your values provides focus and identifies characteristics you would like to develop, live and lead by. Take my Core Values exercise  and learn more about you, your family and your team.

CoreCoaching is all about capitalizing on your strengths and developing aspects of yourself you want to strengthen. Contact me at [email protected] 

 

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An Intrapreneur Asks: How Can I Be Heard?

Are you an employee of a start-up itching to play more of a leadership role in your company as an intrapreneur? If you are a founder, you can bet that there are a some employees deep in the trenches with an entrepreneurial mindset; they want to develop, manage and lead smaller, revenue-producing projects within the company. Do you make it easy for them to share their ideas? I received this query from a frustrated employee that said it all:

Dear Rebecca,

How can I share my ideas for making my company better? I work in the customer service end of things, and I have ideas for speeding up orders and retaining customers. When I have suggested ideas to my bosses in the past, they seemed to agree with me, but nothing ever came of it. How can I get heard?   

A Frustrated Intrapreneur 

Dear Frustrated,

Here are 5 steps that will make it easier for your idea to be heard by the right people:

1) Check with your boss or HR to see if your company has a process or a proposal format for getting ideas to the decision maker. Just throwing out half-baked ideas is a good way for others not to take you seriously, or for your ideas to go nowhere.

2) Does your idea fit with the company’s mission and values? Is there a need for your idea? Have you any data or documented customer feedback regarding the problem you want to solve?

3) Can you explain your idea in a couple different ways (Power Point, graphics, a flow chart, etc) that are concise, simple and easily understood? Perhaps you haven’t been heard before because you speak in generalities, digress or talk beyond the average boss’s attention span of 15 seconds (or less)? If so, see my earlier blog for “Getting to the Point.”

4) What are the costs associated with the development and execution of your idea? How would your idea positively affect the bottom line? Or, if your idea had been implemented earlier, how would it have saved time and money, retained customers, decreased stress, etc?

5) How would your idea affect others in the company? Can you get the buy-in from those who would implement it?

If you address all these points and present them with a good dose of passion, don’t be surprised if you get an invitation to the boardroom!

If you are an intrapreneur wanting more tips for “getting heard,”
contact me at [email protected]

 

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