The Venture Capital community knows the
biggest risk to their investment in start-ups is leadership.
But they do little to ameliorate this risk. Why they
don't and why you can is the focus of the first article.
In this issue
$25 Million Dollar Gamble
Your Survey Results - Surprise!
Alpha Quick Tip - Fear to Safety
Conflict of Conscience
$25 Million Dollar Gamble
In 1999 through 2001, Hewlett
Packard, Hitachi, Battery and Bessemer Ventures gave
me $25 Million dollars to build ePIT Systems, my
financial software start-up.
What was their biggest risk?
“Looking back at failed companies,
leadership is universally the problem,” according
to the Applied Research Corporation.
I agree.
The Venture Capitalists on my board invested
time and money to monitor the market, hire an experienced
CEO, skilled programmers, marketing gurus, operations
experts and management. But once I was given the money,
there was no investment in the most critical risk – leadership
skills.
Why?
Because the leadership skills that matter
are intensely personal.
Here is a list of leadership traits that
my clients and management gurus say is important for
leaders:
Trustworthy/Honest * Open * Humor *
Listens * Courage * Visionary * Drive/Energy * Ability
to engage others * Natural public speaker * Intuitive/Creative
* Humility * Flexible/ Adaptable * Confident * Passion
* Tolerance for dissent * Deliberate/Substantiative
Can you imagine a busy venture capitalist
teaching a founder how to be more open or how to listen?
Yet their money rides on these and similar characteristics!
They place their bet and even though they can improve
the odds, they step back as if they were helpless.
Although the venture capitalist can’t
get radically personal even to protect their own investment,
YOU can! If you are interested in building a community
service, ramping up your company or changing the world,
I want to make the first step in your adventure as
easy as possible. If you are willing, here is what
I want you to do.
First, take our select “Creative
Leadership Questionnaire” which takes about 20
minutes and will give you a 20 page analysis of your
current leadership assets in five categories. Secondly,
target our Alpha Presence (sm) Bull’s-Eye with
your self-evaluation for sixteen skill categories.
And finally, tell us who you are and want to be, with
the Alpha Coach written exercise.
When you take this first step by purchasing
this $49.00 package, I will be willing to schedule
at no charge a private 15 minute phone conversation
based on the results of your work. We will discuss
exercises you can do immediately to become more effective
in the areas critical to your success.
Given time limits, I can only schedule
a few of these sessions, so it is first come, first
serve.
Our next series of teleseminars is not
about what I think you want but about what you asked
for in our survey.
The winners for our Triple Treat Teleseminar
series are in order of your preference:
Power of Persuasion
Presence with Powerful People
Gift of Radical Honesty
Creating Charisma
Handling Hostile Encounters
Learning Leadership
Telling Stories to Create Change
Catapulting Creativity
Pleasure at Podium (public speaking)
Managing Critical Convesations
Professional Power by Giving Pleasure
Stress Free Selling
From Whining to Winning
Salvation from Social Anxiety
Transforming your Boss
Engaging Employees
Customer Service Excellence
It was my guess that Radical Honesty
would be at the bottom of the list because when I discuss
this topic, most people look like rabbits starring
into the jaws of a fox as they consider telling their
spouse what they really think. I also didn't expect
Presence with Powerful People to be on the minds of
most of you. This is why I LOVE these surveys. You
get what you want. The top vote getter, the Power of
Persuasion, is already starting to work. Hey, you persuaded
me to make this our next teleseminar!
So much for Customer Service Excellence
which came in last. No wonder we whine about service!
We give each topic two teleseminars,
with homework in between to give you a chance to
practice new behaviors. Sign up for just the topic
that interests you ($100.00 per seminar) or, sign
up for all three for $199.00 That is a total of SIX
hours of seminar plus our worksheets and guided imagery
CD.
Alpha Quick Tip - Fear to Safety
A co-worker turns to you, their vocal
cords tighten, their voice goes up an octave, their
heart rate increases as they respond to your question.
Of course, being in the state of Alpha Presence(sm)
you are immediately aware that this person is feeling
threatened and you know that the first order of business
is to make them feel safe.
You take a big breath, relax your face,
give them your absolute attention and ask:
"Can you take a moment to describe
your concerns to me?"
Ahhhh.....
You are respectful and ask permission.
They see and feel that you are going
to listen, not argue.
They know their concerns are going
to have an impact on you.
Because your goodwill is genuine, their
voice returns to its normal range, you have done your
job and the conversation begins. Congratulations.
Conflict of Conscience
I am hiring a couple of specialists to
work with our clients. My interviews with some of the
prospects set off alarm bells as I probed their eagerness
to expand our business.
There was something subtly wrong.
I am not sure I have a handle on it,
but I have a good guess.
We all have our own internal thermostats
set to financial and business success. Some of us have
our internal financial theremostats set for subsistence
living (one of the applicants). Many lottery winners
who take a large lump sum payment return to the same
net worth they had prior to winning the lottery. Why?
Because we can't tolerate more success or wealth than
our subconscious thermostat allows.
I have had dramatic changes in my own
success after wrestling with and clearing my income
limits when I was a trader on the floor of the Pacific
Stock Exchange. As I built my trading firm and hired
traders, one of the problems was traders who would
hit the limit of their internal thermostat would then
start losing MY MONEY! I hired my sister, a hypnotist,
to raise their thermostat.
Does making money feel greedy to you?
As you accumulate capital and savings,
do you worry about the gap between the rich and poor?
Are you critical of wealthy people
because of their money?
Do you cringe when you think of raising
your prices for your product or service?
Are you driven to make sure that
you are working for the good of everyone, not just
yourself?
Do you make bad business, financial
or personal decisions when things are going well
that set you back again?
I welcome you to a no charge teleseminar
(you pay your direct dial long distance) that presents
a radical model for your consideration. The "Certificates
of Appreciation" model supports being a good person,
doing good in the world and providing for your financial
happiness without conflict. Whew