[VIDEO] How To Be A More Successful Leader – Dr. Marshall Goldsmith

Titan Talks


Being the best is never an accident. If you’re aiming to be amazing at what you do – whether it’s your business, your job, or even your relationship – one of the best things you can do is elevate who you study from. I have made it a habit to only learn from the best! Recently I had the opportunity to spend 90 minutes one to one with the world’s #1 leadership coach. Dr. Marshall Goldsmith. He is the leader that leaders look up to. He shares the secrets of being a more successful leader.

If you google “helping successful leaders,” you’ll notice something strange. Virtually the entire first search results point to one person: Dr. Marshall Goldsmith.

Harvard Business Review and The Wall Street Journal noted that Dr. Goldsmith is one of the top 10 leadership and business experts in the world. He’s also the author of What Got You Here Won’t Get You There (one of my favorite book titles of all time).

I recently sat down with him and asked him questions I’d been wanting to ask for years.

Dr. Goldsmith is one of the few people who can answer these questions. Recently, I sat down to talk with him as part of my Titan Masterminds program to help accelerate the success of entrepreneurs. (Full interview transcript at the end of this post).

I want to share some of my favorite parts from our chat:

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[VIDEO] How To Handle Risk In Your Business

Business Growth Driver #6: Risk Management

An often neglected but very important area that impacts the growth of emerging businesses is risk management. Risk management remains a non-priority until disaster strikes or a big opportunity is missed. Sustainability of a business depends heavily on how well possible risks are managed.

Entrepreneurs who have realized the importance of enterprise-wide risk management have set up a strong corporate governance (CG) structure and used technology heavily to mitigate risks. As a result, they have been able to increase their readiness to manage risks and improved their credibility in the eyes of investors/lenders. 50% of companies that have set up a strong corporate governance structure have managed to attract external investors vis-à-vis ~10% of the companies that have not.

Technology can help mitigate risks

All the companies that are confident of their readiness to mitigate risks have heavily invested in technology to manage risks and focus more on teamwork according to a recent EY report.

In this video we look at:
1. How to set up a strong corporate governance framework.
2. How to identify risks to your business.
3. How technology can mitigate risk

What business risk are you going to address?

Like, Share & Comment below

#Risk #Manangement #Technology #BusinessGrowth

Here are the links to all the 7 Business Growth Drivers:

Business Growth Driver #1: Be customer centric

Business Growth Driver #2: Leadership

Business Growth Driver #3: Employee Engagement

Business Growth Driver #4: Segregate core and non-core business activities

Business Growth Driver #5: Finance

Business Growth Driver #6: Risk Management

Business Growth Driver #7: Technology

How technology can accelerate your business growth

Business Growth Driver #7: Technology

Technological changes have always reshaped business models. However, what is strikingly different now is the pace at which technology is changing and in turn disrupting all areas of doing business. But, are business models keeping pace with technological changes?

Technology is a growth accelerator

Companies that utilize technology to power their business model see a 3x higher growth rate than companies that don’t. Companies that use data for decision making compared to companies that do not have 20% higher employee productivity.
 
According to an EY report, 52% of Fortune 500 companies have been affected by digital disruption since 2000; businesses are failing to use ~80% of their customer data, and the top 20 firms in most sectors will be disrupted by sector-specific data platforms by 2018.
 
According to the survey, although most entrepreneurs acknowledge the impact of technological changes on their business, they either are not ready or have not made it a priority to take necessary steps to transform their business model to stay relevant. First generation entrepreneurs who have prior corporate experience are more open to adopting technology than the older generation entrepreneurs.
 
How will you leverage technology to power your business model? Watch this video, like share and comment below.
 
#Technology #Disruption #BusinessModel #BusinessMentor #BusinessGrowthDriver #Innovation
 

How to attract funding to grow your business faster

Business Growth Driver #5 - Finance

As businesses grow, funding needs evolve. Funding a business through the various stages of growth is a complex process as it involves choosing the most appropriate source or a combination of sources (equity, debt, friends, and family, angel, PE, VC etc.).

Benefits of Investors

Involving external investors helps businesses in many ways:

  1. It brings in domain knowledge and technical expertise
  2. Opens up networking opportunities
  3. Provides strategic direction to boost growth
  4. Improves financial decision-making
  5. Instills professionalism
  6. Helps build credibility and reputation.

Companies require a well-structured leadership team to handle the corporate finance function. Strong financial controls and governance is the key. Further, companies that have external investors have seen significantly higher growth.  They are better equipped to take more efficient financial decisions.

According to a recent DNA Money article, Private Equity (PE) backed companies have a 40% higher revenue growth over a five year period vis-a-vis listed companies without PE funding.

Like, comment below & share. What do you require funding for?

The 7 Growth Drivers to Scale Up Your Business

Here are links to the various Business Growth Drivers:

  1. Be customer centric.
  2. Develop a 2nd line of leadership that is independent & accountable. This is one of the biggest challenges faced by small business owners. Learn the 7 steps to successful delegation here.
  3. Use a total rewards mechanism to engage & retain talent.
  4. Segregate core & non-core business activities.
  5. Finance – This video
  6. Risk management.
  7. Technology – use it to strategically drive growth.

The one antidote to your daily stress and worry

Happiness Challenge - Day 7

Stress and worry need not be part of our daily life. There is a simple antidote to your daily stress and worry.

Have you ever felt there must be more to life? Well good news, there is! And it’s right here in front of us. We just need to stop and take notice. The gift of life is here in the present. Learning to be more mindful and aware does wonders for our well-being, whether it’s on our walk to work, the way we eat or in our relationships. It helps us get in tune with our feelings and stops us dwelling in the past or worrying about the future – so we get more out of the day-to-day. Living mindfully adds to our happiness.

Action Ideas: Give yourself a bit of head space. At least once a day, stop and take 5 minutes to just breathe and be in the moment using your five senses. Notice and appreciate good things around you every day, big or small. How do you choose to be more mindful today?

Like, comment below & share. #HappinessChallenge #Happiness #Awareness #Mindful #Present #Day7

View link to the other days of the happiness challenge below:
Day 1: http://neerajshah.me/1-myth-stopping-successful/
Day 2: http://neerajshah.me/a-surprising-fun-exercise-to-make-you-happier-healthier/
Day 3: http://neerajshah.me/do-you-want-to-be-happier-healthier-live-longer/
Day 4: http://neerajshah.me/what-do-you-do-when-you-have-everything-in-the-world/
Day 5: http://neerajshah.me/pursue-important-meaningful-goals/
Day 6: http://neerajshah.me/how-to-grow-as-a…oof-your-success/

 

How to grow as a person and future proof your success

Happiness Challenge - Day 6

Learning affects our well being in lots of positive ways. It exposes us to new ideas and helps us stay curious and engaged. It also gives us a sense of accomplishment and helps boost our self-confidence and resilience. There are many ways to learn new things throughout our lives, not just through formal qualifications. We can share a skill with friends, join a club, learn to sing, play a new sport and so much more.

What have you learned or tried out for the first time recently?

Action: Do something for the first time today. Sample sushi, try a new hobby, read a different newspaper or visit a local place of interest.

“As long as you live, keep learning how to live” – Seneca

Like, comment below & share. #HappinessChallenge #Happiness #Growth #Learning #Inspiration #Day6

View link to the other days of the happiness challenge below:
Day 1: http://neerajshah.me/1-myth-stopping-successful/
Day 2: http://neerajshah.me/a-surprising-fun-exercise-to-make-you-happier-healthier/
Day 3: http://neerajshah.me/do-you-want-to-be-happier-healthier-live-longer/
Day 4: http://neerajshah.me/what-do-you-do-when-you-have-everything-in-the-world/
Day5: http://neerajshah.me/pursue-important-meaningful-goals/

How to pursue important and meaningful goals

Happiness Challenge - Day 5

Feeling good about the future is really important to our happiness. Goals inspire us. Goals need to both challenge us and excite us. They help create positive stress or eustress. Choose meaningful goals, take action towards their achievement and enjoy the journey. You will get a sense of achievement and fulfillment by achieving these goals.

Action Steps: Take the first step. Think of a goal you’re aiming for and do one thing to get started. Make a call, fill in that form, tell others.

Like, comment below & share. #HappinessChallenge #Happiness #Goals #Why #Inspiration #Day5

View link to the other days of the happiness challenge below:
Day 1: http://neerajshah.me/1-myth-stopping-successful/
Day 2: http://neerajshah.me/a-surprising-fun-exercise-to-make-you-happier-healthier/
Day 3: http://neerajshah.me/do-you-want-to-be-happier-healthier-live-longer/
Day 4: http://neerajshah.me/what-do-you-do-when-you-have-everything-in-the-world/

What do you do when you have everything in the world?

The Happiness Challenge - Day 4

What do you do when you have everything in the world? Why do billionaires like Bill Gates start a foundation? Once our basic human needs are met then we need to have a life that meets the higher human needs: growth & contribution. If we are to have a fulfilling life then we need to look beyond ourselves and help others. Giving creates a life of meaning and happiness. Giving positively impacts both the giver and the receiver.

For generations, we have focused on the individual drivers of success: passion, hard work, talent, and luck. But in today’s dramatically reconfigured world, success is increasingly dependent on how we interact with others. In Give and Take, Adam Grant, an award-winning researcher, and Wharton’s highest-rated professor examines how helping others is a key success driver.

There are many simple ways in which one can contribute beyond just money.

How will you give? What will you give? Watch this video, like, comment and share. Let’s make the world a happier place #HappinessChallenge #Day4 #Happiness #RocketFuelForSuccess #Contribution #Giving #Givers

 

View link to the other days of the happiness challenge below:

Do You Want To Be Happier, Healthier & Live Longer?

The Happiness Challenge - Day 3

People with strong relationships are happier, healthier & live longer. Neeraj shares some simple ways in which you can establish connection rituals to nurture important relationships. Connect with 3 people today. Take the happiness challenge and make the world a happier place.

Like, comment and share. #HappinessChallenge #Day3 #Relationships #Happiness

There are links to the Happiness Challenge:

A Surprising & Fun Exercise to Make You Happier & Healthier

The Happiness Challenge - Day 2

Exercise is an easy and simple way to uplift our mood. The mind and body are connected. Taking care of our body with rest, healthy eating, and exercise is essential to our wellbeing. Neeraj shares a simple exercise that is fun and has multiple benefits. Watch the video, like, comment – how you will lift your well-being today? and share the #HappinessChallenge with others. Let’s make you and the world a happier place!

Here is a link to day 1 of the happiness challenge:

#Happiness #Success #Wellbeing #Exercise