What If Instead, We Gave Feedback?

What If Instead, We Gave Feedback?

Opt 3 2014-03-16In my last post, I compared business to dating. Continuing that theme… Another similarity is “absent information, we make stuff up.” In the dating world, if he doesn’t call, we assume all kinds of things. Similarly with a prospect, an employee, a customer, a new connection.

And, most of the time when we don’t like how we perceive something went, we simply walk away. What if instead, we offered feedback?

Several months ago, I met a talented young entrepreneur through a mutual friend. Our mutual friend asked me to consider introducing her to some of my contacts. I am always very careful about making introductions, as I feel a responsibility to both parties. Long story short, I introduced her to a couple of friends and never heard anything more from any of the parties. I like to complete the circle, so I reached out and learned from my new contact that she had met with each of my friends and they were good meetings.

Shortly thereafter, my new contact asked for a second meeting and around that same time, I happened to speak with both of my friends. My friends had a story, similar to each other, but different from what I heard from my contact. Each of my friends came away feeling that my new contact had promised to send them something and never heard from her again.

New friend, only had a first date, while there was a spark, (see last week’s blog), my gut said, “no second date”‘. She didn’t treat my relationships with the same care as I do.

Instead, I did go on the second date, prodded by a friend who encouraged me to. I decided I had a responsibility to give my new friend feedback.

What ensued was a real conversation about the emotional wake we sometimes leave; the importance of focusing on what is important and the importance of perceptions. It was a defining moment for both of us. For me, being open to hearing feedback that was different from my perception; for her taking a pause and focusing on what matters.

She and I have become friends, not in spite of our conversation, but because of it. She has since told me that she has completely changed her approach to building her business, because of our conversation.

The next time something doesn’t go the way you want it to, with someone with whom you see potential, perhaps a new member of your team, someone you recently promoted, or someone you might do business with, would you consider giving feedback, instead of walking away?

Elisa K. Spain

 

Laws Of Success: The Three Secrets…

Laws Of Success: The Three Secrets…

Still life of pen,glasses and business file on tableWorking with CEOs and senior executives as both a coach and advisory board chair, I have had the opportunity to observe both those that are successful and those with unrealized potential. While their businesses and their personality styles are all different, when I distill it down, those that succeed share the following three traits:

  • Tenacity
  • Discipline
  • Hiring the best people – paying them and treating them well

Tenacity – The willingness to stay with it, even when there are setbacks. As Winston Churchill said so well, “Success is stumbling from failure to failure with no loss of enthusiasm.”

Discipline – Successful leaders ruthlessly manage their time, ensuring they ALWAYS carve out time to think and plan and learn. It is so easy for each of us to get caught up in the tasks of the day; successful leaders don’t. They make time to stay close to their business and rise above, stay current and focus on opportunities. And they make time for mental and physical fitness. Every successful leader does this their own way, and every one of them does it.

Hiring the best people AND paying and treating them well – Talented people want to work for talented people. And… the pool of talented people in each industry isn’t large – it is those that find the talented people, pay them and treat them well that succeed. The definition of “well” varies by individual, the leader that understands this and responds to the needs of their key people leads a successful company.

Seems so simple, doesn’t it? Just three things to do.

 

Elisa K. Spain

 

 

Delivery ALWAYS Matters…

Delivery ALWAYS Matters…

Businessman testing a microphone about to make a speach at a press conferenceWhen the stakes are high, we prepare. Whether it is a presentation to a large audience or a meeting with a key client or prospective client, we know we will be more successful if we prepare.

  • What exactly does it mean “to prepare”?
  • When aren’t the stakes high?
  • When we focus on content and not on our audience, are we really prepared?

Last week, I had the opportunity to hear a speaker and deliver a presentation of my own, where in both cases, the content was outstanding and yet the message was not received well by most of the audience. These two experiences reminded me of two important facts:

Delivery always matters – It’s not enough to prepare our content. It is at least as important to consider the audience, prepare our delivery and adjust midstream as we read the audience reaction. Not easy to do, and yet, critical to having our message heard.

Prepare for every interaction as though the stakes are high, because they are – Every interaction with another human being, either as a group or with individuals, matters. When we are fully present, we listen, we adapt and thus can be effective.

 

Elisa K. Spain

How Do You Know When It Is Time To Go?

How Do You Know When It Is Time To Go?

2014-01-03 Stay or Go iStock_000019444473XSmallWhether you are a business owner, a professional manager, an advisor – or anyone who is engaged in an enterprise for an extended time – how do you know when it is time to go?

“Nothing is forever”, the old saying goes, and yet sometimes, perhaps even frequently, we stay too long. We watch professional athletes stay past their prime; and we participate in the debate about term limits for our congress; and yet, when it comes to our own engagements, how often do we look inward and debate our own need for term limits?

When I was negotiating my exit from the corporate world 15+ years ago, I remember a conversation I had with a friend. My friend asked me what I was going to do if I didn’t get the deal I wanted. My answer was, “I guess I will stay one more year”. Her response, “How many more years are you going to say, one more year?” It was in that moment I realized, it was time for me to go, regardless of the outcome of the negotiation. And… because I had made my decision to exit, I of course, handled the negotiation more effectively.

While this topic comes up every now and then with executives and business owners I coach, it surfaces mostly in a time of frustration. I wonder if instead it might serve us to ask ourselves this question as part of our annual strategic planning. What if, as part of strategic planning, every business owner or executive answered the following 5 questions:

  1. What did I give to the business, other than my time, this past year?
  2. What did I get, other than $$, from my engagement in the business?
  3. How do my answers to #1 and #2 compare to previous years?
  4. If my give/get has declined, what do I need to do to change this and do I have the passion and skill set to do it?
  5. If I didn’t lead or own this business, what would I be doing instead?

My noticing is, that if we have asked these questions in the past and have stopped asking them, we may already know that it is time to go…  

Elisa K. Spain

A Tribute To A Great Man, Who Also Was A Good Man

Those of you who know me have heard me talk about my Uncle Leon as a model for a life well-lived. He died this past week, at age 95+. I will be attending his funeral on the day this blog publishes. It seemed fitting to write this tribute to him on this day.

Balaji Krishnamurthy, one of my favorite Vistage speakers, talks about L3, Leadership, Leverage and Legacy. For me, Uncle Lee accomplished all three.

He was an entrepreneur who, in his early twenties, founded the nation’s first convention exhibition business, Mannecraft Exhibition Services. In the beginning he worked with department stores to “exhibit” their store windows. Soon thereafter Mannecraft was setting up conventions across the country. When the company was acquired by a public company in the early 80’s, he agreed to retire at age 65.

Retirement for Leon was investing in young entrepreneurs, providing financing and wisdom to grow their companies. He worked on-site, hands on, with these companies. At the same time, he was fully engaged with his philanthropic efforts.

He was a leader in the Miami Beach chamber of commerce and Kiwanis and was recognized multiple times by both organizations as “Man of the Year”. When it was time to renovate the Miami Beach Convention Center, Leon led the multi-year project – pro-bono.

Leon always said he had only one regret, that he was not able to attend college. His parents could only afford to send one of their three children and his older brother, because he was older, got the opportunity. So… he started a scholarship fund to sponsor young people wanting a college education without the funds to go.

As a child, Uncle Lee was always on my side; and as an adult he has been the person I most want to emulate. While he was always there for advice if I asked, what I learned from him was more from what he did, than from what he said.

A few years ago my cousin and I were talking about Uncle Lee and she asked me, “what do you think you have learned from him?” As I reflected on her question, I created this list of seven “Leonism’s”. He made each of these seem easy and yet for me they are aspirational words.

7. Accept what you cannot do and do all of what you can.

6. Stay active, physically and mentally.

5. Make new friends all the time.

4. Move on – learn from mistakes.

3. Live in the present.

2. Forgive – yourself & other.

And, #1, Make the people around you feel special.

Uncle Lee was loved and admired by his family and everyone who was fortunate enough to know him. When he turned 95, over 100 people, of all ages, showed up to celebrate the man who, as my aunt said so well, “was someone people didn’t just want to know, they wanted to be”.

I will miss him and his legacy will continue to inspire.

Elisa K. Spain

Leading What We Don't Understand

Leading What We Don't Understand

2013-12-01 Who What iStock_000017953256XSmall

 

I have hesitated to jump into the Obamacare website discussion, however it provides such a great leadership lesson that I feel I have to. The lesson is this, even when I don’t understand, when I am the leader, I must lead.

Sounds obvious and yet, so often when it comes to technology and other unfamiliar areas, CEOs choose not to lead. In fact, otherwise effective leaders when they find themselves in situations where they lack familiarity, hire experts and then fully abdicate responsibility for leading these experts.

My sense from reading the press, is this is exactly what happened with the Obamacare website. If you read Kathleen Sebelius’ (Head of Health and Human Services) background, she has held many leadership roles, including Governor of Kansas, and at one time was considered a potential presidential candidate. Yet, at least from what I read, despite her strong leadership background, she hired experts to build the website, left them to figure it out and then hoped for the best outcome.

As Ms. Sebelius discovered in the most public way possible, even experts need to be led.

So, how do we lead when we lack familiarity? I was discussing this question recently with one of my Vistage CEO clients who had hired an expert to install a new ERP/CRM system, here is what we came up with:

  • Accept that it is my job, as the leader, to monitor and evaluate when I am responsible
  • Ask for a project plan with specific measurable milestones and agree on a regular meeting schedule to monitor these milestones
  • Ask questions, and when I hear an answer I don’t understand, assume more information is required, and ask more questions (rather than assuming I don’t understand because I am unfamiliar)
  • Ask the people on the line what they are concerned about
  • Get enough information to know when naysayers are change-resistant or if course changes must be made

What else would you add to this list?

Elisa K. Spain

Are There Subtitles In Your Conversations?

Are There Subtitles In Your Conversations?

2013-11-03 what_a_jerkEver wish your conversations had subtitles?

How often do we begin what seems like a casual conversation, only to realize that something has happened. Emotion has entered and we are no longer talking about the subject at hand. Yet, we keep trying to talk about the casual subject while our thoughts wander to the meta message.

There is a scene in Annie Hall that I often think about when this happens.

We see in this film clip, a classic first date, where both of them are saying one thing and thinking something totally different. Their thoughts are shown as subtitles. What makes this scene so memorable is that these subtitles or “meta messages” frequently occur in conversation, including business conversations. And, in life, there aren’t any subtitles.

In the film, Annie Hall chose to end both the conversation and the meta messages by reminding Woody Allen that he had to leave.

In my experience, the more history we have with another person, the more likely we are to step on historical land mines in the course of our conversations. Ending the conversation and continuing later is an option. If the conversation becomes heated, sometimes this is the best option. Alternatively, we have an option to pause and talk about the meta message. In other words, have a conversation about the conversation. 

‘Meta’ from Greek is a prefix which means ‘about’ or ‘beyond’.

Here’s how you might move from a conversation that’s getting difficult to a meta-conversation:

  1. Pause. Once you observe either you or the other person is feeling anything other than neutral.
  2. Name what you observe, about each of your viewpoints, e.g. I have the sense we started out talking about the agenda for our next meeting, and there is something else on the table.
  3. Follow the Vistage model, stay in a questioning mode, “What is it about the next meeting that is giving you concern?”
  4. Keep your language neutral. Stay away from the 5 “fighting words”. “You” (use I), “Always” (use frequently), “Never” (use seldom), “But” (use and) “Why” (use what).
  5. Work toward mutual understanding, rather than being right.
  6. Allow the other person to respond. I find that restating what I believe I just heard is helpful. And, then continuing to stay in a questioning mode.

And, allow the possibility that the intended conversation may have to wait until another day.

 

Elisa K. Spain

 

Stay The Course…

Stay The Course…

2013-10-13 Hand on Ship iStock_000010063419XSmallStay the course….

How often have we heard this phrase, and at same time, how often do we react to what is happening in the moment and as a result lose sight of where we were heading?

Most of us want to be flexible and responsive to our constituencies be they employees, customers, shareholders, family or friends. And when we set a new direction or introduce a new idea, the reality is, we are often met with resistance. Change is hard and most of us resist change. When met with resistance, it is tempting to retrench.

In my experience, when I resist this temptation and stay the course, I have been rewarded.

Just recently, a speaker was presenting a new concept.  Some folks in the room were able to see the relevance to their business, but a few were not. The ones that could not spoke up and what the speaker heard was “my content isn’t relevant, I need to move in a different direction”. And when he and I spoke during the break, we agreed instead to stay the course. In the end, we were glad we did. In talking with the members afterwards, the vocal ones explained, “I just wasn’t getting it. All I wanted was help in making it relevant”. The others said they found great value in what they heard.

And, then Diana Nyad, gave us the best reminder of all. She had a goal, she stayed the course, despite folks telling her, “it couldn’t be done” and she was too old. And, after several attempts, tweaks along the way, she did it!

Huge leadership lesson here for me: When the vocal minority speaks up, listen, evaluate, help them understand the mission and then stay the course. The flip side, is not to listen when they see you are on a collision course, and that is a topic for another blog.

Elisa K. Spain

When Making The Counter-Intuitive Choice…

When Making The Counter-Intuitive Choice…

2013 09-08 iStock_000024950177XSmall
I have often heard our Vistage economists, Brian & Alan Beaulieu say, “the time to invest is late recession, early recovery”. And it is one thing to say this in theory, and quite another to actually have the courage to do it. Not unlike the recommendation to buy more equities when the market is down. While we all understand the “buy low, sell high” adage, natural risk aversion causes many of us to do exactly the opposite.

And yet, the Beaulieu’s advice works. As an example, I had the pleasure of watching Baird & Warner, the 2nd largest real estate company in the Chicagoland area. With two of their top executives as members of the Vistage Advisory Boards I lead, I have a close connection to Baird. And while Baird, like everyone else, made tactical cost saving efforts such as closing offices and increasing efficiencies; at the same time, they were also investing in the future, making capital investments and key hires.

The result: as the real estate industry continues to recover, Baird has earned its unfair share of the market. Outperforming the competition on every key indicator, deals written, deals closed, etc.

When I spoke with Steve Baird, his response was “while everyone else is hunkering down – I took the opportunity to double down”.

Here is Steve’s summary of what it takes to build, and sustain (in his case for 5 generations), a world class company. Food for thought as the current economic cycle matures:

  • investment
  • reinvention
  • continuous feedback loop
  • commitment /stick to your principles
  • time is an asset
  • you have to do it for years – not just ride market share up and be really good
  • not just a great product – need a great business
  • building world class is not building to sell – be clear
  • be careful of sacrificing profitability for the sake of more business

Elisa K. Spain

Given The Opportunity, Create An Experience…

Given The Opportunity, Create An Experience…

Group of young people applauding and looking very happyEarlier this week, I spent two days with one of Vistage’s top speakers, Tom Searcy. Tom’s workshop is about Hunting Big Sales; What to do to Filter and Win the Big Deals. Filter, as in, know which ones to pursue and then what to do to win.

Our members take turns hosting meetings and the second day Tom joined us, the meeting was hosted by Shane Dittrich, CEO of T&D Metal. In reflecting on the day we spent at Shane’s location in Watseka IL, we were all struck by the experience he created for us. And for me, the connection between creating an experience and winning big deals.

Here’s what I observed.
The entire day was intentional and orchestrated – starting with the night before – where to stay, where to eat, the setup and planning of the meals, the transportation, and the tour. Instead of PowerPoint for a prop, Shane used vans from one of his businesses and gave a plant tour. When it came time to give his presentation, he just stood up in front of us and told us his story. And, he didn’t do it all himself, he delegated to several team members. As a result we were able to feel the culture of T&D.
Learnings’ for me from this
-Intentionality yields results
-Given the opportunity to create an experience, do it
-Use real “props” rather than PowerPoint to tell your story
-Bring in your team in ways that demonstrate your culture

Elisa K. Spain