Rick Carter - Your Business 2.0
This week we ask the question - Do you have a team with shared values?
While our focus in this show is on a specific topic related to What it takes to be an Entrepreneur in general. In every show we talk about what specifically being an Encore Entrepreneur means to help you understand the what and the why before launching into the how.
To help with this we have 2 regular segments -
Opportunities for the Modern Elder i
Experience is making a comeback. Learn how to repurpose your wisdom.
In a world that venerates the new, bright, and shiny, many of us are left feeling invisible, undervalued, and threatened by the digital natives nipping at our heels - experience is on the brink of a comeback. Because at a time when power is shifting younger, companies are finally waking up to the value of the humility, emotional intelligence, and wisdom that come with age. And while digital skills might have only the shelf life of the latest fad or gadget, the human skills that mid-career workers possess--like good judgment, specialised knowledge, and the ability to collaborate and coach - never expire.
Future Back Thinking
Future-back thinking is defined as an innovative approach to strategy development that empowers leaders to envision the breakthrough opportunities that drive long-term growth – and then implement the initiatives that are needed to bring them to life. This approach – also called Backcasting – was recently used by Futurist Gerd Leonhard to explore a Post-Pandemic World. The best success story provided by the article is Steve Jobs and his ability to envision the world of computers ten years out, and then systematically created that future.
Values help build the culture for a great team that is on a mission
If you create a startup, you need to understand you are not just launching a startup company. Entrepreneurs start both businesses and cultures. Founders set the goals and determine the values necessary to help the company achieve its mission. The company then gets distinguished by these core beliefs, values, and attitudes, that all help guide its practices. This is under the founders’ control, hence founders can and need to shape their company culture, and ultimately, build a great tribe of people who believe in the mission.
Here are some simple points that should help you in your planning and discussion process with co-founders or key employees so that you can lay the groundwork for a solid culture.
What You Need to Do
Read or listen to on Audible the book by Mark W. Johnson and Josh Suskewicz, co—Lead from the Future: How to Turn Visionary Thinking into Breakthrough Growth
Keep working on your Purpose Canvas
Keep developing your 1 minute Pitch by analysing what Problems you plan to solve and why based on what you learned today
The Last - we looked at using digital tools and technologies for cost effective results?
The Next - Can you handle adversity using your KPIs to stay on course?
Written by Rick Carter
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