Have you got rhythm?
HOW REGULAR RHYTHMS UNLOCK POWERFUL GROWTH
The seasons, the tides, sunrise and sunset. The rhythms that surround us give reassurance to our lives. When they’re interrupted, we hit problems. Take the climate emergency. Much of this is down to our interruption of the natural rhythms of nature. In the same way, every organisation has a cadence and tempo. Like a beating heart, a predictable and well-conceived rhythm establishes a culture of consistency and execution throughout the organisation. It’s when this changes that problems occur.
Many businesses are struggling with disruption to their rhythm due to the pandemic. And this can have a knock-on effect on culture. It’s particularly important to maintain a regular daily, weekly and monthly drumbeat despite the challenges around us. Because without a regular rhythm, it’s impossible to make progress.
I’m a keen runner. Like everything I do, it’s my aim to get better at running with the same level of effort. Reading about running technique tells me that long-distance runners typically have a cadence of 180 steps per minute. They achieve this through subtle changes to their stride length, foot placement and body position. By regularly practising and fine-tuning my technique, I’ve increased the distance I can cover in the same amount of time and I feel less exhausted!
Likewise, it’s important to make sure everyone in your company understands why working rhythms are important. Success will depend on total buy-in. The whole company needs to practice their working rhythms together otherwise inertia and negativity easily set in. I see this all the time. Organisations that lack rhythm just bumble along. Yes – they’re busy. But busy going nowhere. Everyone arrives at 9 am, gets on the bus, travels around the block, gets off eight hours later right back where they started. There’s no destination. No sense of how to make the bus go faster.
Unleashed, Hiring Diversely And The Truth About Leadership with Frances Frei
Leadership isn’t about you, says Frances Frei, co-author of Unleashed: The Unapologetic Leader’s Guide to Empowering Everyone Around You. Leadership, according to Frances, Professor of Technology and Operations Management at Harvard Business School, depends on how well you unleash the potential of other people.
Frances has not only carried out extensive research investigating how leaders create the conditions for organisations and individuals to thrive. She also regularly advises senior executives (famously turning around the toxic culture at Uber), to implement large-scale change initiatives and organisational transformation. This involves addressing and embracing diversity and inclusion as a lever for significantly improving performance.
In this week’s episode, Frances discusses her new book and shares some fantastic takeaways about how to create a business that plays to the strengths of minorities. Because if you’re only hiring white men, you’re only fishing in a pond with 25% of the available talent. The businesses that will be successful in the next 5 years will be the ones that actively bring on board the remaining 75% of talent that aren’t being fished.
This is an incredibly insightful conversation packed full of great, actionable advice. We hope you enjoy it as much as we did.
NEWS FROM THE FARM
SCALING UP SUMMIT – 15 SEPTEMBER 2020
Free entry to all Monkhouse & Company clients
We’re excited to announce that the Scaling Up Summit is coming!
In pre-COVID-19 times, you might normally have already attended a few energising business events. Now, you’ve done a few online, but the experience is not the same. Is it? Well, that’s been our experience.
That is why we are launching our Scaling Up Summit to inspire business owners. In September the children will be back at school. It’s time for us to be back to work, back to GROWTH! In our Scaling Up Summit, you and 99 other business leaders will spend a day working on your business, being inspired to think differently and building momentum into 2021.
If you already are a Monkhouse & Company client, don’t worry! We’ve saved your team a seat!
The Summit will be a high impact mix of fast-paced, full of energy 20-minute talks, followed by 45-minute workshops, so you can go away with the practical knowledge to take your company forward. This event will help you pivot your business and inspire you to get the energy back into your team.
We have carefully curated 9 inspirational speakers that our current clients have found of great value for their businesses. They will talk about core customers, strategic positioning, innovation, productivity, and more. Some of them have been guests on The Melting Pot podcast, including Shannon Byrne Susko, Justin Roff-Marsh and Nic Marks.
Come and join us!
Hosted by Daniel Tardy, the EntreLeadership Podcast features lively discussions and tips on leadership and business by some of the top minds in the business, like Mark Cuban, Seth Godin, Jim Collins and Simon Sinek.
While a majority of employers believe that that their employees will return to their workplaces after Covid-19’s impact diminishes, working from home isn’t going to disappear. The reality is that a huge number of people were already working from home (almost 10 million workers in the U.S. in 2019); that number is only likely to rise post-pandemic. As the manager of a remote team, you can’t afford to ignore underperformance from remote workers, whether they’re temporarily at home, working in local branch offices, or half a world away.
Decision-making can sometimes feel like a magical, mystical process, but it’s actually a science. If your own team struggles with group decision-making, take comfort in the fact that you’re not alone. Consulting firm McKinsey found that 72% of senior executives thought their companies made bad decisions as often, or more often, than good decisions. Poor or delayed decisions come with considerable costs too, not only in lost profits, but also wasted time, talent, and resources..
BUILDING YOUR STARTUP’S CUSTOMER ADVISORY BOARD
A customer advisory board (CAB) can be an invaluable resource for startups, but many founders struggle with putting together the right group of advisors and how to incentivize them. At our TechCrunch Early Stage event, Saam Motamedi, a general partner at Greylock Partners, talked about how he thinks about putting together the right CAB.
We live in an extraordinary time. Technological advances are happening at a rate faster than our ability to understand them, and in a world that moves faster than we can imagine, we cannot afford to stand still. These advances bring efficiency and abundance—and they are profoundly deflationary. Our economic systems were built for a pre-technology era when labour and capital were inextricably linked, an era that counted on growth and inflation, an era where we made money from inefficiency. That era is over, but we keep on pretending that those economic systems still work. The only thing driving growth in the world today is easy credit, which is being created at a pace that is hard to comprehend—and with it, debt that we will never be able to pay back. As we try to artificially drive an economic system built for the past, we are creating more than just economic trouble. On our current path, our world will become profoundly more polarized and unsafe. We need to build a new framework for our local and global economies, and soon; we need to accept deflation and embrace the abundance it can bring. Otherwise, the same technology that has the power to bring abundance to us and our world will instead destroy it. In this extraordinary contrarian book, Jeff Booth, a leading mind and CEO in e-commerce and technology for 20 years, details the technological and economic realities shaping our present and our future, and the choices we face as we go forward—a potentially alarming, but deeply hopeful situation.
Maybe you avoid situations where you might be rejected. You don’t apply for that dream job. You don’t ask for that pay rise. You don’t ask that person on a date. But it doesn’t have to be that way – the only thing standing between you and your goals … is you.
Jia Jiang had allowed his fear of rejection to rule his life. But he decided to take radical action: he quit his job and spent 100 days deliberately seeking out scenarios where he would likely be rejected, from ordering donuts interlinked and iced like the Olympic rings to asking to pilot a light aircraft. And something remarkable happened; Jia not only learned how to cope with rejection but also discovered that even the most outrageous request may be granted – if you ask in the right way.
In this infectiously positive book Jia shares what he learned in his 100 Days of Rejection, explaining how to turn a ‘no’ into a ‘yes’, and revealing how you too can become Rejection Proof and achieve your dreams.
MEANINGFUL ACTION FOR MONDAY
FOCUS ON DIVERSITY IN YOUR RECRUITMENT
Now is a great time to be recruiting but make sure you’re not restricting the talent available to you. Ensure your recruitment is as diverse as it can be. If you’re only recruiting white males, you’re fishing from only 25% of the available talent pool. My recommendation is to avoid asking candidates for a salary history. Be aware of your own unconscious bias. You may have a CV from a white male who’s on a much higher salary and assume he’s more competent. So avoid this conversation completely. It will help you make a fairer decision. You can’t unknow what you know once that information is received. Take a leaf out of the New York Philharmonic’s book. When they realised they had a problem with diversity in the orchestra, they made their auditions blind and selected entirely on performance. Avoid asking anything that will skew your judgement and listen to this week’s Melting Pot podcast.
Monkhouse & Company Summit, Foundry Farm – 15 September 2020
Join us for a day of learning, development and fun. We’ll be hosting 9 keynote speakers to talk about culture, strategy and execution. They’ll also facilitate a workshop to help you put into practice what you’ve learned. Confirmed speakers include: Shannon Susko, author of 3HAG Way; Justin Roff-Marsh, author of The Machine; and Nic Marks, founder of Friday Pulse and the Happy Planet Index. We’re excited to see you here!
Monkhouse & Company Full-day Scaling Up Workshop, Foundry Farm – 16 September 2020
Bring your team to our one-day Scaling Up Workshop, where you will get the clarity you need to move forward, by identifying your strategy and achieve your 3-Year Highly Achievable Goal (3HAG). After this highly practical session, your team will leave with a clear-cut understanding of the purpose and core values that make your company unique and valuable.
Acetech Summit, Whistler – 14-16 October 2020 (re-scheduled)
An exclusive annual gathering of high-growth tech CEOs. This powerful three-day summit will transform how you define success and deliver growth in 2020 and beyond.
Quote of the week
‘I love deadlines. I love the whooshing noise they make as they go by.’Douglas Adams