Everybody Needs A Coach

by Elisa Spain Comment Closed

“Everybody needs a coach. It doesn’t matter whether you are CEO, a basketball player, a tennis player, a gymnast or a bridge player, we all need feedback”  so says Bill Gates & Eric Schmidt in this 1.25min TED Talk.

Perhaps a bold statement.  And yet, doesn’t every professional athlete and every famous performer have one?  You may be surprised to learn, so does every successful CEO, whether leading a Fortune 500 company or a privately held company.

If you buy into what Bill and Eric are saying, and you are a:

  • Soon-to-Be, or Newly Appointed CEO or Business Owner
  • CEO or Business Owner Wanting to Up Your Leadership Game
  • CEO or Business Owner Considering an Exit
  • Executive Pivoting to Entrepreneurship
  • Former Executive Considering Re-Entry

Or perhaps, you are simply looking for clarity, to define where you are and where you want to be.

Wherever you are in your journey, if you want the feedback that Bill and Eric talk about, and the accountability to get to your goals, now is the time.

Let’s work together. You can learn more about my leadership coaching and peer advisory boards here.

The Choice

by Elisa Spain Comment Closed

 

The Choice

The intellect of man is forced to choose
Perfection of the life, or of the work,
And if it take the second must refuse
A heavenly mansion, raging in the dark.
When all that story’s finished, what’s the news?
In luck or out the toil has left its mark:
That old perplexity an empty purse,
Or the day’s vanity, the night’s remorse. 

William Butler Yeats, 13 June 1865 – 28 January 1939

I came across this poem some time ago and was reminded of it in a recent discussion about “what matters”. We often talk about achieving balance; we perceive that it is the stress of modern times. Yet this poem was written in the early 20th century, a reminder that this quest is the human condition, a daily challenge of choice.  Here are the questions that come to mind:
  • Must we choose between success in life and work?
  • Or is it the search for perfection of one or the other that forces the choice? e.g., Albert Einstein was portrayed by his biographers as a poor husband and father. Was he, or was this the judgment of the biographers?
  • As we search for meaning in our lives, must we distinguish between what defines “life” and what defines “work” or is it possible to simply pursue what matters to us?
  • On this day devoted to mothers, what are you telling or demonstrating to your children about this question?

Elisa K Spain

Are You a CEO or President of a Privately Held Business? If you are also a lifetime learner and want to learn more about my Vistage Group, click here

Can You Forgive Yourself for Not Being Beethoven?

by Elisa Spain Comment Closed

In interviews with Rolling Stone and CBS last year, Billy Joel shares why he stopped writing songs. “I just wasn’t as good as I wanted to be. It was driving me crazy. And it was wrecking my personal life too, just not being able to be satisfied.” That frustration led to a bout of drinking, he added.

He went on to share that he once read a quote from Neil Diamond in which Diamond said he had “forgiven himself for not being Beethoven.” In that moment, Joel realized, “my issue is,  I haven’t forgiven myself for not being Beethoven.”

Am I enough? No matter how accomplished, this question often plagues those of us who are driven. Is it the asking of this question that is behind this word: drive? Without it, perhaps we would accomplish less.

And yet, the question of how much is enough – money, legacy, career advancement, businesses, and stuff – is a personal one that each of us must answer for ourselves.

The message for me in Billy Joel’s interview is to recognize what is behind our drive for these things. And then ask ourselves what is it we truly want and are we moving toward that?

If we set high goals for ourselves, as most ambitious people do, what will we say to ourselves when the inevitable failures happen?

Will we forgive ourselves for not being Beethoven as Neil Diamond as done?  Or beat ourselves up as Billy Joel did for so long? The choice is ours.

Elisa K Spain

Are You a CEO or President of a Privately Held Business? If you are also a lifetime learner and want to learn more about my Vistage Group, click here

 

We Need Tools to Build

by Elisa Spain Comment Closed

I’ve had more conversations about stress management in the last couple of weeks than ever. Is it perhaps the turmoil in the world? Turmoil in our government? Fears about a coming recession?

Whatever the reason, what I do know is…. We acknowledge that we need tools to build a house or a car or any physical object. Do we have that same conviction about tools to build our psychic well being?

Every person I know who achieves consistent success, consistently uses a tool to manage stress and achieve well being.

In the beginning, it was all about positive “thinking”.  Norman Vincent Peale achieved a legacy with his book, The Power of Positive Thinking. While positive thinking certainly works for some, and perhaps is enough for some, it doesn’t work for everyone. What we have come to realize today, is we are all wired differently. Therefore, the tools we need vary based upon our personalities, our backgrounds and our life experiences.

Recently two speakers have addressed this topic during my Vistage CEO advisory board meetings.

The first, Dr. Srikumar Rao, talked about Plugging In to Your Hardwired Happiness. 

The second, Dr. Rebecca Heiss, talked about Breaking Through Blind Spots With Brain Science.

Both are scientists who talk about brain science, and both talk about the value of meditation, a scientifically proven value, to achieve happiness and break through blind spots.

Again, while scientifically proven, meditation may not be for you. And, there are other tools as well. Taking a walk, yoga, running, fishing, talking to a counselor, to name a few.  The challenge for each of us is to find the one(s) that works for us and then, here’s the tough part, incorporate it into our daily lives.

January is now behind us.

If managing stress was one of your New Year’s resolutions, which tool have you incorporated into your daily life? And, if you haven’t found one yet, perhaps try one of the ones mentioned here.

Elisa K Spain

You can read more of my blogs here 

Are You a CEO or President of a Privately Held Business? If you are also a lifetime learner, and want to learn more about my Vistage Group, click here.

The Gift of a New Year

by Elisa Spain Comment Closed

A new year, a new beginning.  An opportunity to choose..

  • What is important to me?
  • What important thing have I been neglecting? Health perhaps?
  • What am I willing to change, perhaps stop doing, so that what is important actually gets my attention?
  • What actions am I willing to take to turn my resolutions into actions and my actions into habits that extend beyond Valentine’s Day?

Elisa K Spain

You can read more of my blogs and leadership quotes here.

The Challenge of Perception Habits

by Elisa Spain Comment Closed

Recently, I wrote two blogs about habits. The first, here, was about decision fatigue and how activity habits simplify our lives by reducing the number of decisions we have to make. The second, here, was about the dark side of habits, how our response habits can cause us to treat situations that feel similar as the same, even when they aren’t. These response habits can result in unintended damage to our relationships.

In response to the second blog, one of my readers reminded me of another habit that can impact our relationships, both with ourselves and with important people in our lives. I am calling this one, perception habits.

There are two sides to these perceptions, our own and others.

First on the self-perception. Here’s what my reader shared: A while ago, I was at a party and people were talking about whether they liked vanilla or chocolate. I volunteered that I really preferred vanilla. A friend looked at me and asked, what are you talking about? You order chocolate dessert every time we go out. She was right. I had turned into a chocolate person, but I hadn’t ‘noticed’. I defined myself out of habit even though my behavior had changed.

Of course, these self perceptions can be funny like the chocolate/vanilla story or they can stand in the way of our moving forward toward what we want in life.

Similarly, perceptions others have of us can stand in the way when we are trying to change our behavior, and in fact, are changing our behavior. What happens often, especially in long term business and personal relationships is… the recipient anticipates that we will behave as we have historically. This is the other side of response habits. I want to change, you perceive me as unchanged, you respond based on my prior behavior, which may cause me to slip into prior behaviors and on and on it goes.

How do we stop this?

  • When was the last time you really listened to a family member when they are ‘behaving as they always do’?
  • What if instead of responding, you asked questions? Hard to do, I know.
  • What do you do when you aren’t feeling heard? Or feeling judged?
  • What if instead of responding as you usually do, you simply share how you are feeling in the moment?

Could these small changes in response, lead to small changes in perceptions, that then lead to more changes in perception habits, and behavior, and thereby, a more positive circle?

Elisa K Spain

You can read more of my blogs and leadership quotes here.

Another Form of Diversification, Expectation Diversity

by Elisa Spain Comment Closed

Last week I wrote about ego diversification. And it reminded me of another sort of diversification, that of diversity of expectations. Whether in a personal situation, or a business situation, expecting one person to fulfill all our needs is usually a recipe for disappointment.

Most of us long ago realized that if we spend 100% of our time with our life partner, the probability that they, or we, would get to have, do or be everything we want, is pretty close to zero.

And yet in business, we often get caught up in looking for that ideal person. The one who has the style we want, the people skills we want and can perform all the functions we want. This is especially true of entrepreneur leaders because they themselves have such a diverse set of talents and strengths.

Most entrepreneurs have a wide range of skills and abilities, and can do a wide range of things themselves. This diversity is what enabled them to start a business. And because of this, they believe that most others have this too. And like with any other genius, what comes easy to us, we tend to believe is easy for others. And yet in my experience, this genius is rare and unique to entrepreneurs. Most of us tend to have strengths in a few areas, and if allowed to focus primarily in these areas, we will excel.

Recently I was talking with one of my entrepreneur clients about this very subject. When she first started her business, she had a partner. They worked quite well together, each contributing their expertise to the business and most importantly they collaborated well. The partner left the business several years ago and since then, my client has been seeking someone to replace her.

During the time we have been working together, she has been focused on growing her team so that she can focus on the business, rather than just working in the business. During this conversation she told me “I am still looking for that person who I can trust the way I did my partner”. As we dug into this desire, we began to realize that there were 3 or 4 key functions her partner had fulfilled and it worked. The thing was, the skill set required for each was quite different and rare to find in one person.

With that in mind, she decided to identify the functions that are truly essential and see how they could be split up. She began by identifying the responsibilities that can be handled by current staff, what can be outsourced and what she needs to hire. Importantly, she is no longer looking for one person to do it all.

Once the roles and responsibilities were clearly defined, she realized, for example, that her collaboration need can be filled by her external advisors. Next, she identified a person on her team that can take on additional responsibilities, and she has begun to narrow and more clearly define the expectations of a key outside hire.

  • Who do you have on your team with whom you are frustrated because they can’t do it all?
  • Are they strong at some things that matter to your business?
  • What would be the impact on your business if you allowed them to focus on those things and moved the rest to someone else?

Elisa K Spain

You can read more of my blogs and leadership quotes here.

 

 

Ego Diversification

by Elisa Spain Comment Closed

What does it mean to diversify your ego? Does that even make sense?

In the investment world, diversification is de rigueur. Anyone who works with an investment advisor has heard them talk about the benefits of holding a diversified portfolio. The reasons are pretty straightforward, asset classes typically move differently and when one class is underperforming, another is likely to outperform. The goal, therefore, of holding a diversified portfolio, is to achieve an overall positive return. And, even when a positive return isn’t feasible, e.g. in a significant downturn like we experienced in 2008, a diversified portfolio will still outperform a single asset class that experienced a significant loss, the S&P 500, in this example.

The concept of ego diversification is similar. If we are getting all of our identify, our ego satisfaction, from a single pursuit, what happens when something is not going well with that pursuit?

I recall a time early in my career, when I learned this lesson the hard way. I was in my first significant leadership position, and 2 of the divisions I was leading were having major issues. I was frustrated, feeling inadequate and convinced I was a failing. So, what did I do? I worked more. Convinced that if I cut everything else out and focused just on work, things would get better. Not so much. The issues were long term issues, they were there when I took over and it took a long time to sort them out. Meanwhile, my feelings about myself continued to focus on the negative. I was fortunate at the time to work for a manager, Jim was his name, that understood this concept of ego diversification. In fact, he was the one who first shared this idea with me. As I was telling him how badly I was feeling about the problems continuing to go unsolved, instead of trying to help me solve them, or trying to “make me feel better”, he simply said “what you need is ego diversification”. Find something else to spend time on that will make you feel successful.

While it seemed counterintuitive at the time, since I was already working so many hours, this led to my first charitable board position. This work was fun, I was able to have an impact and it gave me separation from my regular work. Eventually the work issues were resolved and since that time, every time I have felt myself sucked into 110% focus on just one thing, Jim’s words came back to me.

Here is what I learned from this. When we focus all of our attention on fixing a problem, when our initial instinct is to double down and laser focus on solving the problem:

  • What is the impact to our self-esteem when our gut tells us solving the problem is going to take a while?
  • What if instead of grinding away, heads down, for weeks or even months, we intentionally spread our attention toward positive situations, time with a happy customer, or time being in service to someone or something that matters to us?
  • How might the “performance” of our lives improve, if we endeavor to diversify our ego gratification all the time thereby creating a “portfolio” of pursuits that together provide satisfaction and joy?

On November 14, my Vistage CEO group is hosting one of our semi-annual guest days. If you or someone you know would like to learn more about Vistage, this is a low-key way to meet our members and hear a great speaker, Andrea Simon, who asks “Who will be your customers in three years?” Please contact me directly for an invite: Elisa K Spain.

For more about the members of the group click here

For more about the speaker on November 14, click here

You can read more of my blogs and leadership quotes here.