Patient Capital Management, LLC’s Post

We discuss the three types of power that leaders have: authority, knowledge, and persuasion. David also explains where the current style of "command and control" management comes from and what a nearly failed family vacation can tell us about power. https://lnkd.in/gigP4ucy

To succeed in the new year, revisit company goals and revisit purpose.  Larry Robertson explains, " Purpose is valueless if you don't use it. And something more: The likelihood of use, indeed the ability to tap the value of purpose, lies in continuously revisiting purpose and connecting it to every decision, every action, by every person, every day."  Illinois Growth Advisors works with Small Business Leaders on bridging the purpose gap.

Bud to Boss virtual teaches core principles, techniques and approaches that new and frontline leaders need to master their role and succeed right from the start. And they can do it without incurring costly travel expenses. Find out more: https://ow.ly/ncba50QIAyA

More for your 2024 planning. Putting resources where you will realize an ROI even if a significant downturn happens is a smart move - both in business and personally.

A new article from @HBR outlines five strategies, emphasizing the need to update assumptions, eliminate distractions, and overcome administrative hurdles to address organizational challenges. https://bit.ly/40Mzdv7

4 x 4 x 48. Simple enough concept: Run/walk 4 miles, every 4 hours, for 48 hours. The distance is not daunting taken in 4 mile sections, but it’s the will and mental fortitude required to finish a loop, and then go back out to do it again…over and over and over again…that will be so daunting. With little sleep, through the night, in the rain (and maybe snow), we’ll choose to go back again. This challenge is so similar to what many leaders face – dropped into situations to “fix” a crisis, optimize operations, face challenges – again and again. It takes perseverance and conviction to get through one challenge, celebrate the team’s success, and then willingly take on the next. It’s not easy as leaders to run up the hill continuously. Rather, it’s hard and full of self-doubt. Whether it’s solving our toughest healthcare challenges or starting a new business, staying the course for the greater good and objective at hand – is worth it. But – don’t do it alone. Find your pit crew that encourages you and makes you better. That tells you to get back up and get it done – even in harsh conditions. Stop when you’re done- not when you’re tired. Remember tomorrow – how you’ll feel tomorrow – hopefully in success, not regret because you threw in the towel. Don’t die in the chair – as Jesse Itzler would say. Time to go remind myself that hard is good. It matters. With my pit crew. (As we enter the final weeks of Georgia’s legislative session- the reminder is well-timed) See you on the other side of 4 x 4 x 48.

Just finished the course “Moving Past Change Fatigue to the Growth Edge” by Charlene Li ! Check it out: https://lnkd.in/dBJkW7xp #businessgrowthstrategies #organizationalchangemanagement.

"Step one in the process of increasing your income is to begin wrapping yourself around these two related notions: 1

Hey folks! I usually steer clear of politics here, but let's be real – if the candidate you can't stand wins and their policies hit us in the moving industry hard, staying profitable is gonna be a beast. Growing your business? Forget about it. But here's the thing: You can't control who gets elected. But you CAN bulletproof your business. You can... - Own your shit - Optimize your marketing KPIs - Train your team to crush the sales process every time - Get advice from the top dogs in the industry - Innovate your service offerings - Invest in top-notch technology - Build a killer company culture - Stay agile and ready to pivot Good economy… bad economy… Good president… bad president… None of that matters IF your business is rock-solid. And seriously – don’t wait until Election Day to make changes. Get on it now. Let's future-proof our businesses and laugh in the face of whatever comes our way! What other things would you do to win when faced with changes in leadership in the United States 🇺🇸?

That deserves attention; just because you've made a lot of money and been very successful in your life in one line of business, that doesn't qualify you to make decisions for the nation. The classic Dunning Kruger story: The Dunning-Kruger effect is a cognitive bias in which people wrongly overestimate their knowledge or ability in a specific area. This tends to occur because a lack of self-awareness prevents them from accurately assessing their own skills. The researchers attributed the trend to a problem of metacognition—the ability to analyze one’s own thoughts or performance. “Those with limited knowledge in a domain suffer a dual burden: Not only do they reach mistaken conclusions and make regrettable errors, but their incompetence robs them of the ability to realize it,” they wrote. What causes the Dunning-Kruger effect? Confidence is so highly prized that many people would rather pretend to be smart or skilled than risk looking inadequate and losing face. Even smart people can be affected by the Dunning-Kruger effect because having intelligence isn’t the same thing as learning and developing a specific skill. Many individuals mistakenly believe that their experience and skills in one particular area are transferable to another. They are not, and that is ok. Ask someone who knows, someone who is in that line of business, and learn. True leaders know how to listen to whom. Too many business leaders fail that test. https://lnkd.in/gyAMaMkB