Category Archives: Random Thoughts

Small Business and the Social Fabric of Community

Key Concept ~ Small businesses provide employment, yes, but mindful entrepreneurs contribute to their communities in many other ways, too.  Performance Transformation partners with nonprofit therapeutic riding centers to deliver personal and professional development programs that contribute to the financial sustainability of our charitable partners while strengthening the fabric of the community.

Yesterday, we had the privilege of spending the morning with teachers and administrators from the nonprofit Just For Girls Academy.  The new charter school will serve at-risk, young girls from the Sarasota/Manatee area of Southwest Florida.  The school, led by CEO Becky Canesse and Principal Dr. Jennifer Rosenboom, is incorporating Equine Facilitated Experiential Learning into their core curriculum.  The ongoing program will be conducted at SMART (the Sarasota Manatee Association for Riding Therapy, a community nonprofit that has been serving children with developmental disabilities for twenty-five years.  The objective of the program is to cultivate empathy and emotional intelligence skills as part of what Becky Canesse refers to as, “Teaching the whole child”.

Research clearly demonstrates, a person’s level of emotional intelligence contributes to 80% of our success in life, with the remaining 20% driven by our cognitive abilities.  Working with the horses elevates the children’s self-awareness, self regulation, social awareness and relationship management skills as well as cultivating empathy and respect for other sentient beings.  By focusing on cultivating empathy, the school hopes to sidestep many of the bullying issues that have become so prevalent in our society.

What we find so exciting is we’re creating very innovative for profit/nonprofit partnerships that will contribute to the strength of the community and quality of life for at-risk girls for years to come.  In fact, the work actually resonates multi-generationally, helping to open up new horizons that disadvantaged young people may have never seen otherwise.

If you’d like to learn more about yesterday’s events you’re welcome to read the full story about our work in today’s Bradenton Herald.  I also encourage you to visit and generously support the Just For Girls Academy and SMART organizations.  Both nonprofits do incredible work for our most vulnerable citizens.

© 2012, Terry Murray.

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That Sound You Hear is Adam Smith Rolling Over in His Grave

Key Concept ~ I came across an article today in the Wall Street Journal entitled, “Small Firms’ Big Customers Are Slow To Pay“.  Hunting the great whale customer is always tempting to a small firm, but keep in mind the lessons of Jonah and Captain Ahab.

If you’re running a small, entrepreneurial firm, you’ll want to read this article.  The companies that comprise the S&P 500 recent crossed the $1 trillion dollar threshold in cash reserves.  One trillion dollars in reserves?  Some of these CEOs should be featured on “Horders”.  These are many of the same companies that are belly-aching over the fact they cannot find “qualified” candidates, want some other organization to train their talent base, have squeezed their current employees to the breaking point, and are usurping our democracy through hidden, unlimited contributions to PACs.  Now they’re squeezing their small vendors to fatten their reserves as well.

This is yet another effect of the leadership crisis in corporate America. No sense of social responsibility, no moral compass, just greed, avarice, and selfish behavior at the highest level. The average CEO pay for larger organizations just passed $10 million per year. I wonder how these CEOs would behave if they didn’t get their paycheck until 180 days (or over 400 days, as one small vender commented in the article) after it was agreed to be paid?

We’ve gather more than a dozen research reports over the past two years that points to the depth of the leadership crisis and resulting employee disengagement crisis that all clearly identify the depths of this situation. If you’re so inclined, you’re welcome to thumb through the pages of http://ignitingcreativityinbusiness.com where we’ve posted the highlights in slides from these market studies along with the sources.

The vision that Adam Smith had for capitalism, which freed humankind from the servitude of the feudal and mercantile guild system, has been corrupted to the point that we’re now entering an age of corporate feudalism. It’s a shame; and it in no way reflects the values and beliefs this great country was founded upon.  When is enough, enough?

© 2012, Terry Murray.

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Terry Murray Discusses the Strategic Imperative of Creative Thinking in Business on the CBS Radio Network

The need for creative thinking has moved well out of R&D and marketing departments.  The speed and dynamics of today’s economic world require adaptive solutions to unprecedented challenges at every touch point within the organization.  I recently had the opportunity to discuss how to go about cultivating the type of organizational agility successful companies require in the 21st century with Walt Shaw on the CBS Radio Network.

You’re welcome to listen to the interview on the player below:


© 2012, Terry Murray.

© 2012, CBS Radio Network.

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Filed under Associate Engagement, Leadership, Media & Interviews, Productivity, Random Thoughts, Strategic Planning

Why Small Firms Can Win the Coming Talent War

Key Concept ~ I read an interesting article in the Wall Street Journal the other day that revealed a remarkable level of stupidity being practiced in business.  In the article, Software Screening Rejects Job Seekers, Wharton School professor of management and human resources Peter Cappelli shared his insights into the jobs market and the implications today’s hiring procedures have on attracting and recruiting talent.

We’re hearing it all the time now.  Companies are continuously complaining that they can’t find the talent they need to fill open jobs.  Professor Cappelli decided to look into this situation and came up with the following conclusion; “The real culprits are the employers themselves”.  While the recession empowered employers to be exceptionally picky in their selection of job applicants another factor is at play; screening software is now used by major corporations in the hiring process.  Once again we see corporations running to technology to attempt to solve a human-centric challenge…looking out there for the solutions to today’s competitive challenges rather than being a bit more self-reflective and looking within for the answers.  And simply put, it doesn’t work.

In his upcoming book, “Why Good People Can’t Get Jobs”, Professor Cappelli reveals some striking examples of just how dysfunctional the hiring process has become.  One HR executive told him that, just as an experiment, he anonymously applied for an opening in his company.  He didn’t get through the computer screening process.  In addition, he witnessed managers piling on requirements to the point that nearly nobody on the planet would meet their expectations.  Another example of the mind-numbing stupidity being played out in corporate hiring environments is a company that received 25,000 applications for a basic engineering job.  The HR department reported that no qualified job seekers applied for the position.  Really?  One engineer reported that he was told that his background was perfect except for one thing; his last title didn’t match the title of the position in the company. A title which was unique to that company.  Worst of all, the vast majority of job seekers never have the opportunity to engage with a human being in the application process.

Now, for many, many years I’ve witnessed the hiring process being driven by risk-aversion.  Companies tend to hire the person that is least likely to fail rather than the one that is most likely to succeed.  It’s the equivalent of playing not to lose, rather than playing to win.  But what we’re seeing now makes that behavior look remarkably progressive.  The professor also points to the need for greater investments in education and training, on the part of the employers, to meet their shifting needs.  The mindful investment in human beings is mission critical in today’s economy.  Organizations must become learning organizations. in order to stay competitive.

While this trend is bad news for job seekers, it is excellent news for small, entrepreneurial firms.  The myopic approach of large companies is missing out on great talent simply because they didn’t formulate their resume with the proper keywords.  This is another example of the Industrial Age mindset still dominating Corporate America.  People are more than their resume.  Character, creativity, inter-personal skills and emotional intelligence are difficult to communicate on a one page resume.  These intangibles, that are proven to be the key drivers of success, are only revealed through relationship.  By meeting, or at the very least, speaking with a potential candidate.

Big companies have long enjoyed intrinsic advantages over smaller competitors.  This remarkable misstep opens the door to a more level playing field.  In the 21st century, talent will be the deciding factor on who wins and who loses.

© 2012, Terry Murray.

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Crowd Funding Considerations

Key Concept ~ President Obama signed the Jumpstart Our Business Startups (JOBS) Act into law the other day.  The Securities and Exchange Commission has 270 days to comment and advise on the new statute, so it will be interesting to see how they weigh in on this legislation.  While this may hold exceptional promise for many aspiring entrepreneurs, there are a few things you should consider before you secure this type of funding.

Last November I wrote a blog entitled, The Crowd Funding Conundrum, as the JOBS Act came to the house floor.  The legislation is designed to open up crowd funding for equity investments.  The bill waives the accredited investor requirements of the SEC ($250,000 per year income for three consecutive years or $2 million in net worth, excluding primary home asset) as well as the need for Private Placement Memorandums and many of the other controls and reporting requirements so familiar to the private equity world.  While the buzz is really starting to hum on the internet, entrepreneurs that have never gone down the private equity road would be well advised to understand the potential repercussions crowd funding can have on later-stage financing rounds, accounting expenses, reporting requirements, etc.

The bill caps the small investor’s sum at $2,000 and allows for up to $1 million in financing annually.  Here are some things you may wish to consider prior to going down the crowd funding path.

Shareholder Communications ~ Are you prepared and structured to consistently and uniformly address 500, 1,000 or 2,000 shareholders’ concerns?  You’ll need to be ready to do so.  Most entrepreneurs never see how much time a CEO spends on investor relations.  If you don’t have an investor communications strategy, and the capabilities to execute on it, this one area alone could quickly swamp your time.

Legal Structure ~ Are you an LLC?  An S-Corp?  A C-Corp?  Be sure you understand the differences in legal entity structure.  An LLC is not readily designed for investors and are state-regulated entities.  As such, the interstate reporting requirements, if investors are involved from around the country, are substantial.  An S-Corporation also is not designed for broad investment.  If you’re going to pursue equity investors, you really should be doing so as a C-Corporation.  Keep in mind, if you’re accustomed to doing business as an LLC, this will be a major change for you.

Company Pre-Cash Valuation ~ Do you know what your company is worth?  Pre-cash valuation is just that, the value of the company before it is driving cash flow or received equity financing.  This is highly speculative and requires some insights into early-stage growth, barriers to entry, competitive response, and time line to break-even.  Missing the mark on pre-cash valuation can have terrible repercussions on your liquidity event.  A down round (a subsequent round of equity financing in with the per share value has gone down from the previous round of funding) is the death nell to larger, more sophisticated investors.

Dilution ~ If you’re going for equity financing you’ll soon understand the implications of dilution.  This also has strong ties back to the pre-cash valuation.  Equity financing is the sale of a percentage of ownership in your business.  With each subsequent round, you will become more and more diluted in your ownership position.  Give up too much ownership (because you didn’t have an accurate pre-cash valuation) early and by the time the company is at scale you’ll have very little ownership left in hand.

Defensible Intellectual Property ~ Is your firm intellectual property (I.P.) based?  Is your I.P. protected by solid, defensible patents?  Are you prepared to reveal your trade secrets in open, crowd sourcing venues?  The investors will want to know what is special about your firm.  Even Angel Investors and VCs don’t sign non-disclosures.  How are you going to manage sensitive, competitive information as you seek out funding?

Due Diligence ~ The due diligence process in traditional, private equity funding is intense and extensive.  Don’t think you can sidestep the proper preparation you will need to conduct even with crowd funding.  Eventually you’ll want to go to the more traditional suppliers of equity financing and you’ll need to have this ready.

Entanglements ~ Want to kill a deal on arrival in the Private Equity world?  Show up with shareholder legal entanglements.  Crowd funding opens the door for possible conflicts from every direction.  I’m not saying crowd funding will lead to entanglements that will derail later stage rounds, but it will certainly elevate the probability of entanglements and conflict to emerge.  Remember, the crowd isn’t nearly as astute, experienced, and sophisticated as an accredited investor.

Exit Strategy ~ Equity investors get in to get out.  Working with a small group of Angel Funds helps align interests and expectations as to when the next round of funding will occur.  This is the liquidity event the investors are seeking.  What will be the objectives of 500, 1,000 or 2,000 individual investors?  How will you align them?

Expertise ~ One of the least talked about value of traditional private equity investors is the resource they represent, both through their expertise and networks.  If you go down the crowd funding path you will not get this additional support and guidance that can be key to an early stage company’s survival.

This is just a start of the conversation you should be having prior to considering crowd funding.  Here’s a great article on the new law from the Wall Street Journal that had some great advise and comments.  It also has a link to the full PDF copy of the JOBS Act you can download.

© 2012, Terry Murray.

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Filed under Getting Started, Random Thoughts, Strategic Planning

Firing on All Cylinders ~ An Example of Integrative Marketing

Key Concept ~ Developing and implementing a comprehensive marketing communications strategy takes time, but once the seeds begin to germinate you’ll find yourself firing on all cylinders!

Back on July 25th of last summer, I wrote a blog called Seven Ways to Cut Through the Noise and Reach Your Target Prospects.  Nearly a year later, I’d like to share with you how these initiatives have evolved to drive value for our business.

1. The Book ~ Published 14 months ago, The Transformational Entrepreneur has proven to have legs.  It was cited by the academic Journal of Economic Literature in March of this year and it also received some really positive, unsolicited reviews.  The book continues to be a catalyst for media appearances as well.  What’s most gratifying is how well the book is received by those who read it.  I see it helping people realize their authentic vision and purpose every day!

2. Blogging ~ I had been blogging, almost exclusively on this site, for five months last July.  We had just launched Leadership Development and Team Building.  Since then we’ve added Igniting Creativity in Business and have plans to launch four mores blog sites in the coming months.  Each is specifically tailored to match the audience with the value proposition we deliver within the market segment.  Call it micro-marketing, if you will.  Nevertheless, we’ve experienced consistently growing traffic and substantial readership extending to 32 countries.  Truly remarkable and I thank you all!

3. Articles ~ I was more engaged in writing for internet article sites during the early days of the blogs.  While the sites do drive traffic, and were very important in the early days, we’ve migrated more into mainstream media activities.  Just so much time in a day!

4. Videos ~ We continue to use HD video in a variety of ways to build value, both in communications and in content.  In our online resource repository, designed for our Accretive Coaching students, we’re using training videos to support the educational process.  We continue to document speaking engagements and limited demos as certain workshops are, and should, be private to the group.  We will be posting a recent speaking engagement from the Southeast Regional Certified Horsemanship Association’s annual meeting, but its release will be timed to coincide with a new service launch and blog site.

5. Social Media ~ Speaking of just so much time in a day!  This can be the proverbial rabbit hole if you’re not disciplined in the time you devote to it.  Like everything, I had my own learning curve sorting through it all and identify where, and how, I should leverage social media.  If you have something to say and are comfortable writing I highly suggest following some of the bloggers on Forbes’ website.  If you say something of value they’ll call out your comment, basically highlighting what you’ve had to say in the discourse.  From there people can jump to your profile which can lead them to your site(s).  There’s some real thought leaders blogging on Forbes.

The Wall Street Journal still drives traffic the same way, but more from the online article discussion threads.  The key is not to be too self promoting…add some value to the conversation!  If you pique someone’s interest they can easily follow your profile to your blog.  That’s really the point anyways, isn’t it?  At least it is in our business.

The other valued companion is LinkedIn.  This too has short learning curve.  Be sure to ask yourself if you’re talking to your peers/competitors or to your potential prospects.  It’s easy to catch yourself singing to the choir at first…think it through and look into the group membership, professional demographics.  I’ve met some fantastic colleagues and customers on Linkedin and some of the discussion groups are simply enjoyable!

6. Public Relations ~ The big coup, at least for me personally, was recently being interviewed in The Investor’s Business DailyWe’ve been focused on migrating our work into the mainstream for more than two years and the IBD is right on target with a circulation exceeding 600,000 readers.  Fun paper to read, too, I’ve read it for years.  They run a daily section on leadership that is intriguing.  We also were invited back to appear on Jim Blasingame’s program, The Small Business Advocate® and have a spot in Jim’s Brain Trust.  What’s really nice is all of my interviews with Jim are hosted on the Forbes website.  While all of this supports SEO, it really contributes to credibility.  The key is to keep chipping away at it and good things will happen.

For example, last month, during a one week period while we were working in Missouri we were in the IBD, the local paper (above) twice, and appeared (via tape delay…do they still call it that?) on the nationally syndicated, terrestrial radio show, The Career Clinic.  So much of this is due to the wonderful team at our PR firm, EMSI.  They truly deliver, have incredible talent on board, and employ a unique, pay-for-performance business model worthy of a look.

7. Trade Shows ~ I’ve wondered how effective exhibiting at trade shows has really been since the late 1990s.  If your prospect is a senior executive or business leader, chances are you wont find them wandering the corridors of a trade show floor.  Speaking engagements at conferences are proving to be much more effective at delivering our message and reaching our target audience.  We most recently presented at the Certified Horsemanship Association Southeast Regional Conference (video to post shortly) and at a private event with the VA and local Sheriff’s office in Missouri.

Just as I said nearly a year ago, each one of these initiatives supports the next.  It’s circular and builds momentum like a fly-wheel.  Please keep in mind, this was all done on a shoestring, meaning you can do it too!  The sooner you start, the sooner you’ll be firing on all cylinders!

© 2012, Terry Murray.

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The Correlation Between Coherence, Flow and Productivity

Key Concept ~ Most entrepreneurs share a common attribute; a burning sense of urgency.  While intrinsic motivation is critical for someone striking out on their own or stepping up to launch and lead a startup business, some balance is required as well. Entrepreneurship is a marathon, not a sprint, and how we regulate our own energy, focus and activities has a bearing on long-term success.

If you’re an entrepreneur you’re probably fairly familiar with eighty to one hundred hour work weeks, juggling multiple priorities concurrently, and literally living your business at times.  If our own fire in the belly isn’t enough motivation, the constrained resources, limited bandwidth, competing priorities, and competitive pressures of leading a startup quickly remind us…there’s always work to be done.  The question is, what happens to our productivity, our ability to creatively leverage our vision, business acumen and experience for the benefit of the business, when we simply find ourselves running too hard?

We all do it at times.  I’ll be the first to admit, I’m a habitual offender.  It started in college.  I launch my first company my junior year at business school and would commonly work sixty hours a week while going to college full time.  By my second semester I scheduled all of my classes on Tuesdays and Thursdays, which in my mind, left a complete five day work week for the business!  I was the classic young man in a hurry.  I did the same thing in corporate, working eighty to hundred hour weeks, flying 100,000 miles a year, and not taking a real vacation during a five year stretch.

My wife kindly forwarded an article to me last week that referenced a host of research studies, some going as far back as 1914 (Henry Ford conducted internal research on productivity, costs, and labor hours), all demonstrating how rapidly human productivity declines after working for eight hours a day or more than forty hours a week.  Winston Churchill recognized this during the war and devised a clever work schedule to maximize his productivity and meet the demands of the Prime Minister fighting the Axis powers on a global front.  He would rise early and work until mid-day, at which time he would go home, take a bath (while giving dictation to his secretary sitting just outside the ajar door), and then a long nap.  He would then go back to work until late into the night.  He was also known to have commented there’s never a good time to take a vacation.  Take one anyways.  And he practiced this even during the darkest years of the war.

The research referenced in the article made a pretty strong argument, and I’m not one to argue with Mr. Churchill, but there was still a part of me that was thinking, yea, well how do you explain my success…it was directly associated with my effort, right?  My wife kindly reminded me that all of our company professional development programs and workshops are based upon peer-reviewed research.  She then added, “Ignoring research on productivity wouldn’t be very authentic, would it?”

So I took the weekend off.

Let’s face it, sometimes a forty hour work week is impossible for us.  But at what cost to our productivity?   One thing is for certain, entrepreneurs would be well served to cultivate emotional resiliency in order to maintain our own optimal level of productivity.  This is a core focus of our programs and workshops; the cultivation of competencies in emotional intelligence.  Building our self-awareness, self-regulation, social awareness, and relationship management skills places us onto the path to self-mastery.  There are actual, biological underpinnings that we can positively influence, for ourselves and those around us, that directly effect our productivity as well as our health (another critical factor, entrepreneurs can rarely afford the time to be sick).

Those capable of self-mastery, of mindfully engaging their emotional landscape (internally and externally), experience multi-dimensional benefits.  First, they experience the physiological and psychological benefit called coherence.1   Coherence occurs when the oscillatory systems of the body (i.e. heart beat, respiratory rate, blood pressure, brain waves) synchronize and become entrained together in frequency.Coherence improves physiological function on a biochemical and metabolic level.  We all know that unhealthy levels of stress have a negative impact on our immune system and the health of our heart.  Being in a state of coherence is believed to have the opposite effect.

Achieving coherence also has a positive impact on cognitive ability.  When we are fully engaged and enjoying what we are doing we enter what renowned researcher and psychology professor Mihaly Csikszentmihalyi refers to as flow.  Dr. Csikszentmihalyi’s research looked into the psychological state of a wide variety of professionals operating at peak performance.  When they were fully engaged, focused, and enjoying their endeavor, their biochemistry reflected an increase in cortisol (from the hypothalamic/pituitary/adrenal, or HPA axis) which brought them to a place in which they were taking full advantage of their cognitive and/or physical abilities.  If the HPA axis shot past this point due to stress, adrenaline and cortisol levels continued to rise and performance rapidly diminished.  His work proved that a person’s emotional state is a governing factor in cognitive and physical performance.

Still another benefit of coherence is its effect on our ability to positively engage and motivate those around us.  When we express empathy for another being, entrainment of each person’s physiological rhythms ensues.  Research conducted by Drs. Levenson and Gottman at UC Berkeley observed this phenomena between spouses.3  Research conducted by Carl Marci at Harvard University documented similar results of coherence and physiological entrainment between patients and psychotherapists during expressed moments of empathy by the therapist.4  When people connect emotionally we actually connect physiologically as well.

All of these things profoundly effect our productivity as entrepreneurs and leaders.  We’re all different, but cultivating the self-awareness to see when we’re pushing ourselves past optimal flow can help us self-regulate and maintain our productivity by taking our foot off the gas, even if for a moment.

1.)  R. McCraty, M. Atkinson, “Psychophysiological Coherence”, D, McCraty R, Wilson BC, eds. Emotional Sovereignty. Amsterdam: Harwood Academic Publishers, forthcoming.

2.)  R. McCraty, “The Energetic Heart – Bioelectromagnetic Interactions Within and Between People”.  Institute of HeartMath, Boulder Creek, CA., 2003.

3.)  R. Levenson, A. Ruef, “Physiological Aspects of Emotional Knowledge and Rapport”, In: W. Ickes, ed. Empathic Accuracy, Guilford Press, New York, New York 1997.

4.)  C. Marci, “Psychophysiology and Psychotherapy:  The Neurobiology of Human Relatedness”, Practical Reviews of Psychiatry,  2002; 25(3).

5.)  M. Iacoboni, “Imitation, Empathy, and Mirror Neurons”, Annual Review of Psychology, 2009.

© 2012, Terry Murray.

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Filed under Customer Engagement, Leadership, Productivity, Random Thoughts, Sales

One Year In ~ A Special Thanks to my Readers

I wish to thank all of you that have spent some time with me over the past year reading this blog.  It was a year ago today that I published my first commentary on this site.  One hundred and seventeen blogs and more than 60,000 words later, thank you.  I hope the information I’ve shared and will continue to share contributes value to your entrepreneurial endeavors!

To Your Success,

Terry

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Is the Emergence of Benefit Corporations A Vestige of Old World Thinking?

Key Concept ~ The ability of companies to incorporate as  Benefit Corporations is spreading throughout the states.  On the surface it sounds noble enough, but, like most legislative moves, it’s bound to have unforeseen consequences.  The fact is, for benefit and for profit can coexist today, and be exercised as a significant advantage in the marketplace.  But that requires shift in consciousness, not the introduction of a new legal entity status.

I’m finally catching up on a bit of reading coming off a very busy week.  I read an article this morning by Angus Loton called “With New Law, Profits Take A Back Seat” on the Wall Street Journal’s Small Business site.  It explored the accelerating emergence of states (up to seven now, with New York and California coming aboard in the coming months) enabling companies to incorporate as For Benefit Corporations.  These will still be taxable organizations, as opposed to the current 501(c)(3) structure for nonprofits.  The key difference in the new entity structure is to allow directors to consider social or environmental objectives ahead of profits. It does so by shielding the members of the board of directors from shareholder litigation.

Obviously the need for a new approach to business as usual is long overdue, but is this the answer?  Whenever I encounter someone or something new, I always check in to how I feel about it as much as what I think about it.  For me, this immediately didn’t feel quite right.  The fact of the matter is, this reflects a perspective that being a good social citizen, caring for the environment, and being profitable are somehow at odds with one another, like throwing matter and anti-matter together to a destructive end.  In my book, “The Transformational Entrepreneur ~ Engaging The Mind, Heart & Spirit For Breakthrough Business Success” I proposed a new approach to business that can accelerate profits while being of service to one’s associates, community, customers and the environment.  This wasn’t an academic exercise.  It is evidence-based, and the concepts and approach I propose have a strong correlation and justification from the emerging research from applied behavioral economics, emotional intelligence, the neurosciences, and performance psychology.

I cannot help but think that once again, we, as Westerners, are looking out there for a quick fix, when the keys to authentic change are much closer to home…they lie within.  What’s required is a shift in consciousness, not a shift in legal entity status.  Once again I fear we are treating the symptoms instead of the cause.  And any time we legislate less accountability in corporate governance, by not allowing shareholders to bring suit against directors, I get nervous.  I can’t help but feel that somewhere in lower Manhattan there’s a group of very clever characters already figuring out a way to manipulate this to their advantage.  Having worked in the investor-driven startup community for more than a decade, I also envision very real challenges in securing equity financing for these types of companies.  I’m sorry but, investors are investors…they get in to get out with capital gains in hand.  It is a high-risk, high-reward game.  While some mindful Angel Investors may support this, I’m hard-pressed to see how this will drive substantive change in our business culture.

Wouldn’t we be better served to take an entirely new approach to how we go about doing business?  It is possible to do good and do well.  Companies that embrace a more mindful perspective, within the standard legal entity statuses that already exist, will attract and retain the brightest, most creative talent.  They will discover less hierarchical business structures capable of accelerating the flow of intellectual property into commercially viable products and services to emerge.  Through mindful business practice, from a position of higher consciousness, we can out-compete the old world business paradigm.  When enough companies do so, we’ll reach an inflection point and the vestiges of management from the Industrial Age will fade into the annals of history.

© 2012, Terry Murray.

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Still Swimming Against the Currents of Change?

Key Concept ~ Salmon will fight to swim against the most ferocious of currents to fulfill their life’s purpose.  In doing so, they inevitably exhaust their entire energy and die.  Sometimes we can feel like we’re swimming upstream against a torrent of unprecedented change.  For most of human history, change unfolded at a relatively modest pace.  Brief periods of upheaval, usually caused by our doing, were followed by languid periods of stability.  The Industrial Revolution catapulted us out of this historical pattern, but the pace of change over the past 150 years pales in comparison to what we’re experiencing today.  Here are some thoughts as to how we can turn the tables on our tumultuous times and create an abundant, rewarding life for ourselves.

Human beings evolved slowly over tens of thousands of years.  Research into our mitochondrial DNA actually points to roots that may go back some two million years.  Mother nature is a brilliant architect.  Where balance and successful life systems emerge, she builds upon them.  When systems fail to adapt to changing conditions, they fall by the wayside.  Our brains evolved in a wondrous sequence of survival.  Survival that enabled us the time for our brains to evolve to the complex mechanisms they are today.  Just ask the Neanderthals how much more adaptive we were than they…well, I guess that question must remain hypothetical.

The modern human brain evolved in four distinct phases, each building upon the success of the previous evolutionary structure.  It began with what many researchers call our reptilian brain.  The part of our brain that quietly controls the billions, if not trillions of microscopic interactions that keep us alive every day.  It is what allows our basic, biological functions to occur beneath our threshold of consciousness.  Occasionally, someone might have to “remind us to breathe”, but we don’t have to think about pumping our heart, filtering our blood, or fighting off minor infections.  This part of our brain can only process what is happening in the present moment.

Upon this scaffolding came our old mammalian brain, the limbic system.  This introduced our ability to experience emotions and cognition.  We began to think, and we now could learn, on a limited level, from our experiences.  This part of our brain also functions in the present, but now could remember the past.  Survival lessons often anchored to an emotional response of some sort of external stimuli.  Next came what is called our new mammalian brain.  With this advancement came verbal capabilities, and the emergence of our intellect.  We could now embrace the concepts of past, present, and future.  This part of our brain takes up five times more space in our cranium that the older two sections combined.

And this is the part of our brain that has gotten us into trouble.  With the concept of future comes the ease in which anxiety can enter our lives.  I love Temple Grandin’s comment about the difference between fear and anxiety.  To paraphrase her, fear is what occurs when we’re walking through the desert and step on a snake.  Anxiety emerges when we’re walking through the desert thinking about the possibility of stepping on a snake.*  Present versus future.  The other problem the new mammalian brain has introduced is our ability to create a technologically advanced society that has removed us from our natural setting, continuously thrusts us into volatile, highly complex environments, and has outpaced our emotional and psychological evolution.  Nothing over the millenia of human history and experience has prepared us for the world we live in today.

Thankfully, the most recent part of our brain to develop holds the key; the prefrontal cortex.  Right behind our foreheads lies an executive center.  It is the intersection of our entire neural network.  This is where, as Dr. Daniel Goleman’s brilliant research into Emotional Intelligence shows us, we can develop a higher level of consciousness that can orchestrate balance, mindful behavior, and compassion.  For our selves as well as for those around us.  Recent discoveries from the neurosciences demonstrates we have plasticity in our brain.  We can create entirely new neural networks that, by quite literally changing our thinking, we can change our being.  Research also shows us that 80% of our success in life can be attributed to how well we develop our prefrontal cortex through mindful practice.  The other 20% is rooted in our cognitive and intellectual abilities.

These skills can be learned throughout our lifetimes.  This learning can be accomplished through meditation, yogic practice, or other self-reflective activities.  Our firm happens to teach how to cultivate these abilities through experiential learning with horses by employing The Epona Approach™.  In fact, we have an upcoming open enrollment workshop called Transition as Transformation (you’re welcome to click on the link to learn more about it).

The specially designed, ground-based exercises with the horses help illuminate a path towards higher consciousness.  Horses act as emotional mirrors for humans, without judgement, opening a door to an infinite space of reflective learning.  From this place we can release the anxiety of tumultuous change, alleviate the pressures of modern life, and help each of us rediscover our authentic self.  In doing so, we resonate differently with others, be they business partners, customers, prospects, family members, or friends.  The horses demonstrate and model how we can be highly aware (they are prey animals, always on the alert for predators), yet at peace with ourselves and our hectic, noisy, often exhausting world.  As we like to say in our workshops, the horses can teach us how to return to grazing!

*From “Animals Make Us Human”, Temple Grandin and Catherine Johnson, Houghton Mifflin Harcourt, Orlando, FL, 2009.

Special thanks and acknowledgement for some of the concepts shared within this blog goes to Joseph Chilton Pearce from his book, “The Biology of Transcendence ~ A Blueprint of the Human Spirit”, Park Street Press, Rochester, VT, 2002.  You can find all of Dr. Daniel Goleman’s books on Emotional Intelligence on Amazon and most bookstores.  You can also watch his fascinating presentation at Google University thanks to YouTube. 

© 2012, Terry Murray.

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