Rick Baker Thought Posts
Left Menu Space Holder

About the author

Name of author Rick Baker, P.Eng.

E-mail me Send mail
Follow me LinkedIn Twitter

Search

Calendar

<<  February 2018  >>
MoTuWeThFrSaSu
2930311234
567891011
12131415161718
19202122232425
2627281234
567891011

View posts in large calendar

Recent Comments

Comment RSS

Sooner or later, entrepreneurship beats egos down to a successful size.

by Rick Baker
On May 25, 2017

The Thinking Behind The Tweet

To succeed for any extended period, an entrepreneur must have a balanced ego. When an entrepreneur's ego gets out of control, sooner or later, problems begin to arrive in waves. Like water on rough stones, repeated waves of problems take the cutting edge off of an entrepreneur's ego...offering the entrepreneur the opportunity to become a business leader.

Tags:

Attitude: Creating Positive Attitude | Entrepreneur Thinking | Thought Tweets

Generating Business Value

by Rick Baker
On May 9, 2017

A business owner drives business value by understanding self and understanding others, exercising self-control and influencing others to do the same, focusing on talents and strengths, planning the work and working the plan, making errors and learning from those errors, achieving small successes and converting them into larger successes, communicating in magnetic ways, and by continuously driving to deliver value to other people.

Understanding self and understanding others is important because it is the ‘grounding’ that helps the business owner gain other people’s respect and allows the owner to have self-motivated followers. We cannot motivate other people. However, we can demotivate other people. People who do not understand self and understand others inevitably, through ignorance, do things that demotivate other people. There is much more to be gained, however, reducing the likelihood of demotivating other people is, alone, a sufficient reason to understanding self and others.

Exercising self-control and influencing others to do the same is important because people react poorly to people who illustrate a lack of self-control. Sometimes, people are frustrated and demotivated by others’ lack of self-control. Other times, they are annoyed and angered. Either way, flight or fight, people do not do what bosses want them to do when bosses show them a lack of self-control. A business owner will not be able to influence behaviour in a constructive way if he or she lacks self-control.

Focusing on talents and strengths is important because everyone has talents and strengths and everyone has lack of talent and weakness in other areas. The greater the talents and strengths in one area the greater the lack of talent and weakness in other areas. Business owners succeed when they obtain the help of talented, strong performers. They have greater success when they put energy to best use by allowing people to unleash performance with their strengths. They have even greater success when they don’t waste energy forcing people to perform against their weaknesses.

Planning the work and working the plan is important because it allows the business owner to illustrate cause and effect. Repeated cycles of cause-and-effect confirm the repeatability of the work done at the business. The greater the repeatability the greater the value in the business. Also, the greater the repeatability the greater the scalability…the simpler the training…etc. One Hit Wonders do not have much resale value. Businesses that can illustrate a successful, sustained track record do.

Making errors and learning from those errors is important because (1) making errors proves you are innovative and (2) learning from your errors proves you are open-minded and change-tolerant. School of Hard Knocks education is of great value. Innovation is fundamental to surviving and thriving. Adaptation is the route to sustainability.

Achieving small successes and converting them into larger successes is important because it proves an understanding of leverage and the ability to take advantage of leverage. At Spirited Leaders, we have a philosophy – task-multiing is better than multi-taskingTask-multiing is all about leverage, scalability, institutionalizing, efficiency and effectiveness…all excellent value-injection processes.

Communicating in magnetic ways is important because poor communication wastes and negates energy by distracting people from the business’s goals while magnetic communication injects a booster shot of energy and solidifies self-motivation. Magnetic communication engages and empowers. Magnetic communication is simple, clear, and laced with energy and enthusiasm…forward-driving enthusiasm. Magnetic communication is the key to the right business culture.

Continuously driving to deliver value to other people is important because it energizes people by providing quality shareholder experiences, quality employment experiences, quality purchasing and payment experiences, quality sales and collection experiences and all of these quality experiences are taken home to families at the end of the workday. Quality experiences spread. Quality experiences are contagious.

All of these things build value into business. The value exists in the people who perform the work and in the processes that help people perform the work.

 

 

First posted December 2, 2013

Tags:

Entrepreneur Thinking | Values: Personal Values

I didn't see the financial meltdown coming. I didn't see the economic recession coming. I do see some things now...

by Rick Baker
On Apr 30, 2017

The Thinking Behind The Tweet

Having been through those challenges, and rethinking business, I have a better picture of what we need to do to protect our businesses. I know business leaders need to inject Maker-thinking into their business. And, they need to do more good-old-fashioned testing of ideas...that's the entrepreneur-proven route to innovation.

Canadian leaders need to stop avoiding people problems and come up with better ways to remedy them.

Canadian leaders need to start matching talents with tasks.

When Leaders tell followers what to do they need to limit that telling to BIG PICTURE things.

by Rick Baker
On Apr 16, 2017

The Thinking Behind the Sales Tweet

Some think Leaders should provide followers latitude to do their work as they choose. Some think that’s the way to breed creativity and maximize motivation, innovation, and results. Meanwhile, many [perhaps most] entrepreneur-Leaders tend to micro-manage. 4 keys to success in business:

  1. The Leader must pick strong/capable followers, 
  2. The Leader must tell those followers the desired BIG PICTURE things such as VALUES, VISION, MASTER RULES, and MAJOR GOALS
  3. The Leader must show those followers how he/she [the Leader] goes about his/her work [actions]…i.e., setting one example, the example that fits the Leader’s strengths and personality, and 
  4. the Leader must make it clear he/she expects followers to take action that fits their unique strengths and personalities.

Success Key: find the growth that aligns with both the pessimists’ good habits and the optimists’ interests in new things.

by Rick Baker
On Mar 2, 2017

The Thinking Behind The Tweet

The common ground where optimists and pessimists can stand together and self-actualize together is – Growth....all entrepreneurial leaders love to build and grow things.

 

 

While You Can Teach About Entrepreneurship, You Cannot Create Entrepreneurs

by Rick Baker
On Jan 16, 2017

Five years ago I wrote:

3 forces drive entrepreneurs:

  1. Entrepreneurs have this burning feeling inside them…a Need To Achieve something. I describe it as ‘a wanting’.
  2. Entrepreneurs have a desire to create and Build Things Of Value.
  3. Entrepreneurs have a need to Be Recognized As Different – a different type of contributor.

These are defining internal forces driving An Entrepreneur.

In addition, An Entrepreneur is a business leader who:

  1. Recognizes, uses, & develops People Strengths…first in self and then in others,
  2. Clicks with other People [has self-control & a pleasing-enough personality], and
  3. Is ready, willing, and able to lead change…first in self and then in others.

These are the defining characteristics of – the key Personal Strengths of - An Entrepreneur.

These 3 forces coupled with these 3 characteristics form Spirited Leaders’ definition of An Entrepreneur.

***

When we work to help entrepreneurs by educating them we need to remember they are a different breed of cat. Their stripes are similar to those of the fine artists…but they are not the same, nor should they be expected to respond to the same education. Their stripes are similar to those of the inventor…but they are not the same, nor should they be expected to respond to the same education. Their stripes are similar to those of the blue-chip business leaders…but they are not the same, nor should they be expected to respond to the same education.

When teaching about entrepreneurship...

Remember: you must always be thinking about a fascinating blend of Fine Arts & Science & Business

***
And, of course, you need to observe carefully to make sure the 3 driving forces are present because little of value happens when the furnace is stoked while the fire ain't burnin'.
 

Tags:

Entrepreneur Thinking

490 Dutton Drive - Suite C6 - Waterloo ON N2L 6H7 - phone 519-886-6522 - fax 519-886-8795
Copyright © 2012. W.F.C (Rick) Baker. All Rights Reserved.