Anything the mind can conceive and believe, it can achieve. -Napoleon Hill

Individual Accountability in Business

By Michael Walsh

One of the core elements that allows businesses to run effectively is personal accountability.

The core element behind individual accountability is responsibility. Many people tend to think of this as a duty or obligation. I don’t. I think of responsibility as "the ability to respond" in a given circumstance or situation.

Jack Canfield, co-author of the Chicken Soup for the Soul series of books, as well as many other books and programs on self-esteem and personal effectiveness, refers to the formula:

E + R = O

E is the external event that occurs. R is your response to that event, and O is the outcome. Events occur in your business, and your life. You often don’t control what happens. What you always have control over is how you respond to what is occurring. It is these two components combined that generate the outcomes in your life.

Accountability vs. Entitlement

In today’s world, we have so much more than previous generations ever enjoyed. Advancements in technology, in science, transportation, and in a whole host of areas have made your world a much richer place. Television and the internet have allowed us to see what is occurring in our neighborhood, town, country and in the greater world. These advancements have opened our eyes to what is possible.

Technologies have also conditioned us to expect a quick fix. It seems that people encounter situations and difficulties, go through the trauma of their upsets, and resolve everything that ails them in their lives, all in 22 minutes between commercials.

News and entertainment conditioning has evolved into an entitlement mentality among some people. Some expect to be granted opportunities without working for them. This entitlement mentality gets in the way of business effectiveness.

Dan Sullivan, creator of The Strategic Coach, a program I highly recommend, talks about two decisions that anyone can make to become an entrepreneur. They are:

1. Rely on your own skills and abilities for your economic viability 2. Don’t expect any opportunity unless and until you first provide value to others

Notice that he doesn’t say that you won’t gain any opportunities; he just says not to expect any. These are based in the notion of individual accountability, not entitlement.

Holding People Accountable

Many business owners fall into the misguided notion that you can hold people accountable.  This is usually some erroneous attempt to control others, to get them to do what you want them to. The truth is that you cannot hold another person accountable. They are already accountable. There are consequences for everything you do in life; everyone in the world is subject to the consequences of their actions.

In some circumstances, you can be shielded from the accountability of your actions. Others might cover for you, or handle your duties for you, but sooner or later even that will catch up with you.
There is more truth than myth to the saying, "What goes around, comes around."

Instead of trying to control other people by "holding them accountable" (another expression for dressing them down when they make mistakes), what if you held people AS accountable. You do this by honoring the fact that they already are accountable – they will have consequences from whatever they do – and then work in partnership with them to support them in gaining the outcomes they seek.

For example, if I have an employee who is chronically late, I merely point out the consequences of this habit, not only to the team, but also to the employment agreement we made (the natural
consequences) and then look with that person to see if there are some different structures that might serve the situation better.

Risk for Reward

Entrepreneurship is about assuming a risk for a reward, by entering into an arrangement of a value exchange with one or more other people. This cannot occur unless you make sure you do what you say, and take accountability for your end of the exchange. Whether in business or in any aspect of life, accountability is core to generating results.

By standing accountable for the outcomes you seek, you will cause things to happen consistent with your intentions. That, my fellow business people, is what makes the world go round.

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Filed under Business Development by Michael Walsh.

A Stress Reduction Tool

By Michael Walsh

As an entrepreneur, do you ever go through high stress levels?  Ok, not you, no way, never, uh uh, life is grand, no problems, no worries, no concerns. 

For the rest of us who do encounter stress, then you may appreciate a tool that is designed to reduce your stress levels and allow you to gain more control of your faculties, generating more productive results.  All this, despite whatever stresses you may face.

DISCLAIMER:  I am not a medical doctor (that’s my Dad’s job, and I don’t want it).  I am not a Psychologist or Psychiatrist.  I am merely an entrepreneur who notices stuff.  When I notice stuff, I often research it.  Then I make my own impressions and add my own interpretations into the mix.  If you encounter stress at other than the "normal" levels (whatever that is) you might want to discuss it with someone more qualified than me.

What you are about to read is not some "universal truth" (though I will probably write it as if it is).  Actually, that is rather unfortunate.  Think what I could charge for this if it WERE some "universal truth".  Oh well.  On with our story.

Stress

So what happens when a stress suddenly enters our system?  A number of things.  We sometimes get a surge of adrenaline and nor-adrenaline, often known as "fight or flight" syndrome.  This is where the body releases chemicals (namely adrenaline and nor-adrenaline) into your system to slow down the blood flow to less immediate areas of the body in order to divert blood and energy to large muscle groups.  This allows us to either fight or flee as the case may be, with the additional energy available to support us.

This is quite a useful survival mechanism if you think about it.  After all, it has only been about 35,000 years ago when we "dropped from the trees" in our evolutionary quest (for those who believe in evolution).  The more energy you could divert to your legs when it was time to run, the better your chances of eluding those that might add you to their menu on the food chain.

Other responses to stress include fear, anger, anxiety and aboulia.  For those of you who do not know, aboulia is a condition which occurs when you have chronic indecision by making decisions about everything else than that over which you need to make a decision.  In other words, doing other stuff to avoid something.  Ever notice how clean the garage, the basement, and maybe even your desk get when it’s time to do your taxes? Everything gets done except the taxes.  That’s aboulia.

ORJI:  Observation, Reaction, Judgment, Intervention

When stress hits us, we tend to react.  Then we immediately jump into an intervention.  99.997% of all non-life threatened, reaction-based interventions are inappropriate and dysfunctional.  The other 0.003% are coincidence. (Did you know that 44% of all statistics are made up?)

Have you ever seen someone get cut off in traffic, and then start passing back unpleasant hand gestures?  For a while in Los Angeles, they were just as likely to shoot you.  Now that is clearly a case of reaction-based intervention!

What if you could stay in "observation" long enough to work past your reactions?  That way, instead of intervening in an inappropriate manner, you could make further judgments that lead to more productive outcomes.

Staying in Observation (or staying in "O" as we like to call it) is easier to say than to do.  Yet by slowing down, and not jumping in, the results are often quite remarkable.  When there is anxiety in a sales situation, often people over-talk in a nervous reaction to an objection they are surprised by.  What might happen if you were to stay in "O" and get some additional information? Stopping yourself from over-talking as a reactionary response to an issue is almost always the preferred route to take.  How do you get into (and stay into) "O"?

Safety Tip:  Getting into, and Staying in "O"

One of the best ways we have found to get into "observation" mode is to ask yourself a question.  Now there are effective questions and there are ineffective questions.  Your sub-conscious brain does not know the difference.  If you asked yourself, "Why am I so stupid?", your brain would actually get to work on this issue.  "Maybe you fell down the stairs as a child" it might speculate.

WITPO and WITCO

However, if you ask yourself a productive question, such as "What is the purpose of . . ." (or WITPO for short) or "What is the Cause / Cost / Consequence of . . ." (WITCO), then your brain would get to work in a far more productive manner.

By asking yourself a question (preferably a "What" or a "How" type question rather than a "Why" type question), you slow down long enough to move past the initial reaction, thereby increasing the likelihood of a productive response.

As an exercise to practice this tool, notice over the course of the next week, other people who react to stressful situations.  It is generally easier to see it in others first.  Notice who moves into a reaction-based intervention, and who stays in "O".

The more awareness you can generate with this tool, the more effective you will be as an entrepreneur, and the more enjoyment you will gain in life.
 

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Filed under Business Development by Michael Walsh.

Don’t Spill Your Candy in the Hallway!

By Michael Walsh

Have you ever been in a gymnasium full of young kids who are awaiting an appearance by Santa Claus at Christmas time?  I have, and it is quite an experience!  The energy in the room is just electric.  There is a buzz in the air.  You can just feel the anticipation . . . . . . . then, someone hears some bells from outside the door.  They seem to be getting louder, and a very deep and jolly voice starts chanting “Ho Ho Ho!”

Like many of us, I have been witness to a number of these events over the years.  There were two specific incidents, however, that really stuck out in my mind.  One was tragic and the other, masterful.

Oops!

In the unfortunate circumstance, the Santa had arrived with much fanfare only to trip outside the gym door.  His bag of candy canes filled the floor in the hallway.  A few of the kids at seeing this, quickly scrambled out the door to grab the candy.  Soon, all of the children had scurried out and had filled their fists with the good stuff.

After that, the Santa had very little appeal to the children.  They had gotten what they discovered he was to provide that Saturday morning, so their interest in Jolly old St. Nick evaporated just like that.

Mastery in Action

At another such event, I was fortunate enough to witness a clearly experienced fellow.  Not only did he manage to get through the doors of the gym unscathed, but he really put on a show for the kids.  He would look into his bag, and then back at a little boy.  Then back into his bag his eyes would gaze, and then once again to the anxious child.  Then slowly, he would reach his hand into his bundle, and after shuffling things around in there for what appeared to be an excruciating length of time, he would pull out a piece of . . . . .candy!  His eyes would open wide with excitement as he handed the treat to the little tot, whose own excitement was just about to explode.

Then on to the next child he would go, repeating the whole escapade to the immense delight of all.  I have to say, I was never so impressed at how well a Santa could generate so much excitement, and genuine happiness and satisfaction from a whole room full of children with little pieces of candy!

How does this apply to sales and customer acquisition?

I have seen over and over again, situations where people will “spill their candy in the hallway”.  They go on and on about their stuff and deliver all the good stuff prematurely, robbing their customers the opportunity to build a relationship sufficient to do business.  Too much too soon is not necessarily a good thing. 

Our next entry will include a stress reduction tool that may be very useful to you at this time of year.  Happy holidays!
 

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Filed under Business Development by Michael Walsh.