Business Archives • Living to Lead

Five Landmarks of Leadership

May 29, 2019 By Dave Ferguson Leave a Comment

Featured article by Dave Ferguson in CEOWORLD magazine. Reprinted by permission.

Throughout history, landmarks have been used to mark important places and events. They represent boundaries, victories, memories, histories, and discoveries.

Landmarks help you know where you are and remind you of where you (or others) have been. They serve as guideposts for future generations.

Ancient wisdom admonishes us to “remove not the ancient landmarks.”

Why is this?

Because if we remove them, we remove those boundaries, victories, memories, histories, and discoveries that will protect us, guide us, and give us wisdom.

If you have been to a historic location, for example, you would never know that anything significant happened there if it were not marked. But because it is, you pause, reflect, and learn. This does not mean that all landmarks represent good memories or favorable histories. It means there is something to be remembered – a valuable lesson to be learned – from their presence.

Do you have these important landmarks in your leadership?

Boundaries

An effective leader must have boundaries. What is your defined role? What are your values? What are your responsibilities? What are your goals?

Answering these questions helps you set the landmark of your boundaries.

Boundaries are important because they provide a perimeter of focus. They help you know where you “belong” and where you do not belong. They help you know when to say, “Yes” to an opportunity and when to say, “No.” They guard your character. They contain your energy, so you are operating at your best, with tight focus and high performance.

Victories

Landmarks mark victories, and victories are born of challenge. Thus, landmarks are symbolic of overcoming a challenge.

Think back to the challenges you have faced in life and leadership. If you are like most, you will come to two conclusions: (1) They were some of the toughest times, and (2) They taught you some of your most important life and leadership lessons.

Mark those victories. Remember what you faced and how you overcame the obstacles. Remember who helped you during those times. Use this landmark to prepare you for future challenges. Develop your strategy and support team now before the next challenge comes. Looking back to the landmark of victory equips and encourages you for the next challenge you will face.

Memories

What if you woke up tomorrow with no memory? That would be a tragic loss, to the level of losing your very identity.

Similarly, it is a tragic loss when you forget the important events, people, and experiences in your life that helped to make you who you are.

Take time to remember those who have made an impact on your life. If they are still alive, thank them. If not, share with someone a lesson you learned from that person. In doing so, you help carry their legacy forward.

Memories can be good or bad, but they all work together to make us who we are. They serve as guideposts for what to do and what not to do in life.

Take some time to write down the lessons you have learned from others and the experiences that have made you who you are. You are a unique collection of memories. Never forget. Always be thankful.

Histories

History is essentially the story of civilization. Woven across centuries, it ties the past to the present and provides guidance for the future. History is the foundation of the future.

As a leader, it is good to reflect on the landmark of history.

What went right? What went wrong? And how can we make it better in the future?

The adage that “those who do not learn from history are condemned to repeat it” is true. You don’t have to make the mistakes of the past; but there is merit in learning from them. Before you move forward, check the historical landmark for perspective.

Discoveries

Many of the world’s greatest leaders were “discoverers.” They had a natural propensity for learning and exploring, for finding new and better ways to solve a problem or meet a need.

Do you as a leader have landmarks of discovery?

What solutions have you developed? What problems have you solved? What new possibilities have you unearthed? Do you value activity over discovery?

Discovery is the creative and curious side of leadership, the landmark of significant growth and innovation. As a leader, and especially as a business leader, you cannot afford to lose this landmark.

Be a strong leader. Take time to visit these five landmarks regularly. Character, success, wisdom, identity, and innovation await you there.

Dave Ferguson is “The Leaders’ Coach”, an internationally recognized executive leadership coach, speaker, facilitator, and author. Are you interested in talking to Dave about coaching or having Dave speak to inspire and motivate your team? “ASK COACH DAVE” at 704-907-0171 or at Dave@AskCoachDave.com.

Six Elements of Growth

April 24, 2019 By Dave Ferguson Leave a Comment

Featured article by Dave Ferguson in CEOWORLD magazine. Reprinted by permission.

Whether you’re growing plants, people, business – or all three – you know that growth takes certain elements.

In recent months, I have learned how important the growth hormone is for humans, for example. It is active at relatively high levels for most people until about the age of 25.

Then, quietly, it slows…with gradual but little noticeable effect until one day, you realize you’re not as limber as you used to be or your muscles are not as strong as they once were, even though you are working harder than ever on strength training. Maybe you forget a few words here and there, or you just don’t have the stamina to do all that you want to do.

The point is this: when the elements that promote growth are diminished, we start to decline.

When a business stops doing what made it grow or loses focus on its core branding, it starts to decline.
When relationships are not continually nourished, they decline.
When you stop learning new things and keeping your mind engaged, your brain’s ability to function optimally will be impacted.
When you stop investing in your team, their engagement will lessen.

Six Elements Required for Growth

Whether you are seeking to grow your influence, your business, or to help those around you grow, you will need these elements.

Grounding

Growth begins with grounding. You plant a seed in the ground. You set something in a place where it can get the nourishment and support it needs to grow. The same holds true for people and businesses. They must be grounded in a place where they get the nourishment and support needed to grow.

For individuals, this involves being grounded on core values – things like faith, health, and relationships nourish body and soul. They give you strength and endurance.

For companies, this is all about values, vision, and mission. It is the foundation from which you grow as a company, and the foundation on which you rely for support as you grow. A company without core values, vision, and mission will wither when the tough times come; but one that is rooted and grounded firmly will be able to stand the test of time.

Regulators

Hormones are essentially human regulators. These ingenious little elements influence everything we do, how we move, and even how we think and feel. Regulators on an engine control its speed and intensity, keeping it well-paced somewhere between stalled and explosive.

As a leader, you must have and provide regulators in order to be at your most effective level. As an executive coach, I have seen first hand what can happen to a person whose regulators are not in good working order. Their priorities get out of sync. They start to neglect the things that are most integral to their survival – health, relationships, and faith, for example. They power up, full throttle, but without regulatory balance, they end up in my office or on the phone with me talking about their losses and what they can do to regain control of their unregulated life or business.

Businesses need regulators, too, in order to grow. Most call these policies and procedures. Leaders may tend to underplay their importance, but they do so at their peril. These regulators allow the business to grow and remain viable.

Financials are a big area where regulators are a critical factor. It is especially important for individuals and companies to recognize that unregulated spending has its consequences. So does the lack of spending on things like maintenance, operations, and compliance.

Creating and managing revenue is key. The importance of this is underscored in a Federal Reserve Report noting that “44 percent of all respondents could not cover an unexpected $400 emergency expense.” (By the way, if you are one of these people, talk to me. I can help you.)

This is not just a personal problem. Businesses can be operating on dangerous margins as well. Closely regulate your income and expenses and keep your debt to equity ratio in check.

Oxygen

Three Minutes. That’s how long the average person can live without oxygen. Without this critical life element, your heart stops beating, and your brain cells begin to die. Within six minutes, your brain will cease to function.

Quite the thought, isn’t it?

Without this one single element, you’re three minutes from a point of no return.

Let me ask you this as it relates to life and growth in other areas besides physical.

How long can you as an individual survive in other areas without fresh air?

How long can a business survive without fresh, new ideas?

It may not be three minutes, but without freshness and newness of ideas, innovation, and experiences, you will reach a point of no return. To grow yourself or your business, take time to recharge and refresh. Go on a vacation. Do a team retreat. Take a walk outside. Brainstorm with those who think outside your normal box.

Water

Humans are composed of up to 60% water. Your heart, lungs, brain, and liver have even higher percentages. It would follow, then, that water is important to life. Dehydration can result in dizziness, fainting, and loss of functionality.

In life and business, energy is expended. Yet, energy is needed to function in life and business. This means there must be regular cycle of energy expenditure and replacement. Without times of renewal, your life or business can suffer loss of functionality.

The speed of business being what it is today, many leaders expect their employees to be on call, essentially, 24/7. While it may seem to be a way to increase productivity and responsiveness, very often the effect is the opposite. It depletes the energy of the team.

The cure? Take a break. Celebrate wins before moving on to the next big thing. Determine boundaries and set the example for following them. Take time every so often for a “digital detox” and encourage your team members to do the same. Do something different, or do something you must do…differently.

These types of activities help refill the tank of energy that is critical to your team’s performance.

Tending

Tending is an interesting word. It is essentially the work of paying attention to needs.

People and results thrive with proper attention.

This means if you delegate something, trust your team to do their job, but continue to give it and them the attention needed to grow. Delegate, don’t abdicate. If you have a responsibility, give it attention. If you have a bank account, give it attention. If you own a home, well, you know what happens if you don’t give it attention.

Tending applies to everything you own, everything you do, and every area of your life. If, at this point, you are thinking this is an overwhelming responsibility, then it might be time to simplify some things and to evaluate your priorities. If you have more than you can give attention to, it’s time to start saying, “No” to some commitments that no longer fit your vision, goals, and values.

Harvesting

Growth is intended for harvesting. In fact, harvesting allows for new growth, in addition to supplying the needs of others.

Growing must have purpose.

Do you have a business? How will your growth impact you and your employees, customers, vendors, and community?

Do you want to improve your health? What is the purpose? How will your good health impact your life and the lives of others?

Do you want to grow your bank account? Focus on your “why.”

Growth alone is not enough. Growth with a harvest is a necessary and welcome cycle of life and business.

And now for the tough questions…

Do you have these growth factors in your life?
Do you have them in your business?
Do you have them in your relationships?

In each area of life, in order for you to grow, you must have these six elements. Check in regularly to ensure you and your team are well-equipped for growth!

A Three-Part Plan for Finding Motivation

March 6, 2019 By Dave Ferguson Leave a Comment

Featured article by Dave Ferguson in CEOWORLD magazine. Reprinted by permission.

Leaders are often faced with the challenge of keeping their team motivated.

But…who motivates the leader?

Leaders are people, just like everyone else. And like others, there are times when they lose momentum, get weary, feel rudderless, or suffer from apathy. During these times, motivation becomes a challenge, even for those who are naturally goal-driven.

Who motivates the leader?

Ultimately, the leader motivates the leader. But when there is nothing left within, he or she must also know where to find outside help.

What can you do to get your motivation back?

This three-part plan, mostly crafted in advance, will get you back on track quickly.

1. Examine Your Wheel of Life

When you are off your game, it means some area of life is out of order. This is why, in coaching, the wheel of life is addressed on a regular basis.

The areas of the wheel are as follows:

Physical
Mental
Social
Spiritual
Relationships
Finances
Work

If you lack motivation, visit each area, and ask yourself if something in that area is de-motivating you.

For example, you may have just completed a major initiative. Work has had strong focus for weeks, with all hands on deck and high alert. But it paid off with a highly successful launch.

Yet, suddenly, on the heels of great success, you find yourself de-motivated. When you look at your list of upcoming initiatives, you feel a sense of dread. You can’t convey your enthusiasm to your team for the next goals because, frankly, you don’t have any enthusiasm.

This is a warning signal for you to check your wheel of life.

When you do, in this scenario, you will see how spending so much time on work has impacted other areas. This often happens without conscious awareness until you stop and examine each area.

Physical recalibration is one of the first areas to address. Good health is central to everything you do in life. It is a game changer. To regain motivation, first be sure you are rested, well-hydrated, nourished, and refreshed by physical activity.

Beyond that, look to the other areas that need to be adjusted. Perhaps as part of that work cycle, you tapped into a great deal of mental energy. You will need to refill the bucket.

Relationships are often impacted by a heavy work cycle, so be sure to spend some time with those who mean the most to you.

While many bosses will push themselves and their teams from one intense sprint to the next, with no break in between, wise leaders will pause between initiatives to refresh the wheel of life and allow their team to do the same. Even a short pause can make a difference.

2. Determine Your Personal Motivators

There are essentially four types of personalities, with varying combinations. Each type is motivated and recharged in different ways. For some, doing something active outdoors will quickly re-charge their batteries; while for others, being indoors and reading a book is highly energizing. Some are energized by socialization; others are drained by it. Motivators are different for each person, but every person needs them.

Identify yours ahead of time. Write them down. As a leader, it is not a matter of “if” you will need them; it is a matter of “when.”

Energy is everything to a leader. When you lack energy, do something on your list.

3. Identify Your Motivational Team

As a leader, you may not be a direct report; but you do need to create a system of support and accountability. You can do this by proactively identifying your motivational team.

A good motivational team will include four key types of members: mentors, partners, supporters, and mentees.

Mentors will guide you and hold you accountable during those times when you do not feel engaged.
Partners will provide the collaboration you need to ignite new ideas; and new ideas bring renewed motivation.
Supporters are essential to motivation. Those who support you will keep things moving, even when you need to step away and re-charge. Support comes from two facets: systems and people.
Mentees are often overlooked as part of a motivational team, but their role is critical. They give you purpose and a path to legacy. And there is no greater motivation than purpose.

It is important to identify your motivational team ahead of time so that when you hit a wall, you have a place to turn. Each of the four team roles is critical. If you short-circuit even one of them, you are short-circuiting your ability to experience full impact.

Are you a leader experiencing a lag? Be assured, this is normal. But staying there is not. Follow the plan above, tap into the resources you have identified, and your motivation will return.

PE 101

The registration for our next class is now open. I’m excited to once again be sharing the stage with Titus Bartolotta and others.

The program is four half-day group workshop-style sessions that, combined, make up a really amazing experience.

Where:
9820 NorthCross Center Ct.
Huntersville, NC 28078

When:
April – 12th & 26th
May – 10th & 31st

Time:
8am – 1pm

If you are interested, reach out to me directly (email Dave@LivingtoLead.com), and let’s get you registered. I’m giving away a FREE coaching session to a few early birds.

Three Ways to Create a Legacy Management Plan

February 20, 2019 By Dave Ferguson Leave a Comment

Featured article by Dave Ferguson in CEOWORLD magazine. Reprinted by permission.

Several years ago, a rebranding trend made its way into the financial world. “Retirement Planning” became part of “Wealth Management.”

There are numerous reasons this change was made, one of which was the perceived value it created in marketing. Another interesting reason was because companies began to realize that “retirement” was not always the goal; and that using the term no longer resonated with their more active and engaged clients.

What most people desire, at any given point in their career, is purpose and fulfillment. Managed wealth allows them to be able to do what they most desire to do.

The sad part is that most put off the idea of purpose and fulfillment for when they can “retire.” They treat it as a delayed gratification that is only available after decades of doing work that they do not enjoy or find fulfilling.

What if you could have both a rewarding career and purposeful fulfillment in your work?

The good news is…you can. In fact, there are more resources available now than ever to make this possible.

Let’s say, for example, that you want to retire so you can travel. In previous decades, travel was normally limited to short weekend getaways or two weeks a year. Now, however, there are millions of people leading businesses and traveling on a more frequent or extended basis. Technology and the nature of business has made this possible.

For some, making a difference in the lives of others is a compelling passion, yet they have little time to do volunteer work. As a leader, you have a major opportunity to make a difference, not only after your career when you have more free time, but throughout your entire career.

How?

You can make a difference every single day by serving your team. You provide income to families who need it, and help people grow personally and professionally. In fact, leadership done right is one of the most fulfilling professions of all. It creates legacy.

Consider a certain CFO who managed to create a highly profitable company that served a city for decades. This company provided employment, and also created enough wealth to give back to the community. The CFO traveled the world, negotiating deals with leaders of major corporations; but she also was known to frequent the manufacturing floor. Board members knew and respected her immensely; and employees loved and appreciated her for caring sincerely about their well-being.

As she approached her sixties, she began to consider retirement. But given that she had been with the company for decades, replacing her proved to be a challenge. So, she stayed. One year…three years…ten years more. Finally, she was able to retire.

Not long after, she passed away from cancer.

Now some may consider it a tragedy that she had spent so much of her life working, only to have it end so abruptly in the prime years of retirement.

And it would have been tragic, except that she had fully lived every year she worked. She didn’t wait until retirement to spend time with her family, become an artist, write a book, help others, enjoy nature, or travel the world. She did those things while she worked; and in fact, they were integrated into her life on daily basis.

As an executive coach, I meet leaders every day who are sacrificing other areas of life in order to have a successful career. The impact takes its toll on their health, relationships, and their own personal development. These leaders will someday come to the end of a successful career only to learn that they cannot pack a lifetime of purpose into a few short years of retirement.

While there will always be limitations of time, and no one can do everything at once; there are ways to create an intentional life, where you live your values and find great purpose in your life and work every single day.

Here are ways you can create purpose and find fulfillment across your entire life, not just when you retire.

Know your values.

This is foundational. If you do not know your values, you will spend a lifetime in search of an undefined vision. Take the time to define your values. It has the potential to change the trajectory of your life.

Have you taken the time to identify and write down your three to five values?

Intentionally plan each day and week with those values in mind.

My top three values are addressed daily, and I have ways of keeping myself accountable to them. This has created a great sense of fulfillment, which has also carried over into other areas of life. Failing to plan intentionally means you will fall prey to the intentions of others. You will be living their purpose and not your own. Do this long enough, and you will be at the end of your life wondering why you never quite got around to living your purpose.

Do you have a system of intentional planning?

Click here for a complimentary copy of the Playbook for Setting and Achieving Goals.

Live your values now.

As a coach, I can tell quite quickly if someone is going to reach a goal. If I hear the word, “someday,” it is a pretty good indicator that they will never reach the goal.

But if they say, “I am going to write a book. I will write for one hour each day from (date) to (date),” I know that I am talking with someone who is living with purpose and intention. They know their values, have set goals, and are creating a habit to support those goals. In addition, they have made a commitment for accountability. These are all great indicators of success.

Are you taking action NOW to live your values and create legacy?

In addition to your “Wealth Management Plan,” do you also have a “Legacy Management Plan?” Like any investment plan, you get the best results if you start early, make regular deposits, and manage it carefully.

Leaders in Pursuit of Purpose

December 5, 2018 By Dave Ferguson Leave a Comment

You have accomplished a great deal as a leader. Maybe you started a business and hit your initial income goals. Or perhaps you have climbed the ladder of success in your field to a very high level.

Others look at your life and think you “have it made.”

But you know the dirty little secret.

Something is missing. You don’t know what…but something is missing.

While you put on your success face during the day, your nights are filled with restlessness.

While you go through the motions of your work and daily life, there is a sense of apathy, boredom, or dread.

The work you used to love now feels uninspiring.

You may realize your career success has impacted other areas of your life, and not in a good way. Perhaps your health, relationships, or sense of personal fulfillment have suffered.

You read books like Purpose Driven Life, and while the messages are good and sound, you still have that gnawing sense that something is missing.

That “something missing” is, indeed purpose.

Purpose is the driving factor of human beings. We are either living our purpose or searching for it, and it seems elusive. In a sense, purpose is our highest potential – it is the ultimate reason we exist. Even those who are living their purpose will plateau at times and experience a sense of rudderless-ness.

Here are signs you are struggling with purpose.

Boredom
Apathy
Dread
Lack of fulfillment, even though you have everything you need and more
Resentment toward those who are living their purpose
Fear that you may never find your purpose
Issues in other areas of life beyond work: relationships, spiritual, health, or personal finances, for example
Restlessness and feelings that something is missing
Frustration or anger

What to do when you are at these points.

Understand this is a normal part of being human

Humans are designed for purpose. Each of us comes equipped with innate strengths, and we have a unique blend of skills and life experiences as well. We seek to use these tools to fulfill our purpose. But we are human. We don’t have it all figured out yet. And that is okay. The act of seeking, striving, plateauing, and then resuming our pursuit is…life. The key is to expect the ups and downs of fulfilling purpose, and work with it.

Rest

It is hard to bring your fullest potential in your work when you are exhausted. As a leader, managing your energy is critical. You must be at your best in order to lead your team to be their best. Stephen Covey’s Habit #7 – Sharpening the Saw – is a critical habit for long-term success. In this day and age, more is expected of leaders than ever before. Competition is fierce. Margins are tight. Challenges are many. Sharpening the saw is not only a good suggestion; it is an essential life practice.

Look for a new challenge

Some leaders are blindsided when they reach a level of success – something major to which they have aspired – and then find they are not satisfied with that success. This is because there is still more potential.

The cure?

Rest, then pursue a new and higher challenge. You may not “feel” like pursuing a new challenge, but once you begin, you will once again resume your path to purpose.

Face your fears

Fulfilling your purpose and reaching your highest potential can be fear-inducing. What if you miss the mark? What if you pursue the wrong purpose? What if your ladder of success is pinned to the wrong wall? These are fears of failure.

What if you do succeed? This is the fear of success, and it has the same effect as the fear of failure – stagnation.

Give yourself permission to experiment, fail, and even succeed. Everything you learn along the path of life and work is of value to you in your pursuit of purpose. Don’t wait until you know your purpose – start from where you are, and purpose will reveal itself with more clarity as you go.

Focus on legacy

We often confuse accomplishments with purpose. Purpose is bigger than accomplishments. It is the core of who you are as a person, and what you leave behind for those who follow.

In this sense, you lay a path to purpose day by day, but you may never fully realize that purpose in your lifetime.

Think of the many authors, architects, artists, and leaders from history. Many died penniless, perhaps with a sense of purposelessness. But their legacy lived on, well beyond their lives. They had done what they were gifted to do, and that was their purpose. They may not have realized it, but their lives served great purpose.

Leaders would do well to seek to serve with the gifts they have been given, and let purpose unfold in its own time.

In the classical Christmas movie, It’s a Wonderful Life, George Bailey thought he had purpose. He was going to travel and see the world. He was going to have an adventurous life.

But the reality of his life took a different turn. He worked in his father’s struggling business, stayed in his hometown, married, had children, and lived in an old drafty house. His life seemed purposeless to him.

But when given the chance to see how life for others would have been if he had never been born, he realized his life had even greater purpose than he imagined.

As you go about your day-to-day life and business, focus not on purpose, but on service. How can you, as a leader, serve others? This creates legacy.

“The Bridge Builder,” a poem by Will Allen Dromgoole says it well.

When a man was asked…

You’ve crossed the chasm, deep and wide,
Why build this bridge at evening tide?

He said….

There followed after me to-day

A youth whose feet must pass this way.

He, too, must cross in the twilight dim;

Good friend, I am building this bridge for him!

Looking for a leadership development program you can use with your team? Check out the Boss or Leader: Lead and Learn Kit. It is affordable, effective, and provides high impact. Be a leader who makes a difference! Click here for details.

Ancient wisdom admonishes us to “remove not the ancient landmarks.”

Do you have these important landmarks in your leadership?

Boundaries

Victories

Memories

Histories

Discoveries

The point is this: when the elements that promote growth are diminished, we start to decline.

Six Elements Required for Growth

Grounding

Regulators

Creating and managing revenue is key. The importance of this is underscored in a Federal Reserve Report noting that “44 percent of all respondents could not cover an unexpected $400 emergency expense.” (By the way, if you are one of these people, talk to me. I can help you.)

Oxygen

Water

Tending

Harvesting

And now for the tough questions…

What can you do to get your motivation back?

1. Examine Your Wheel of Life

This is a warning signal for you to check your wheel of life.

2. Determine Your Personal Motivators

3. Identify Your Motivational Team

PE 101

The registration for our next class is now open. I’m excited to once again be sharing the stage with Titus Bartolotta and others.

The program is four half-day group workshop-style sessions that, combined, make up a really amazing experience.

Where: 9820 NorthCross Center Ct. Huntersville, NC 28078

When: April – 12th & 26th May – 10th & 31st

Time: 8am – 1pm

If you are interested, reach out to me directly (email Dave@LivingtoLead.com), and let’s get you registered. I’m giving away a FREE coaching session to a few early birds.

What if you could have both a rewarding career and purposeful fulfillment in your work?

You can make a difference every single day by serving your team. You provide income to families who need it, and help people grow personally and professionally. In fact, leadership done right is one of the most fulfilling professions of all. It creates legacy.

Here are ways you can create purpose and find fulfillment across your entire life, not just when you retire.

Know your values.

Intentionally plan each day and week with those values in mind.

Live your values now.

But you know the dirty little secret.

That “something missing” is, indeed purpose.

Here are signs you are struggling with purpose.

What to do when you are at these points.

Understand this is a normal part of being human

Rest

Look for a new challenge

Face your fears

Focus on legacy

“The Bridge Builder,” a poem by Will Allen Dromgoole says it well.

Looking for a leadership development program you can use with your team? Check out the Boss or Leader: Lead and Learn Kit. It is affordable, effective, and provides high impact. Be a leader who makes a difference! Click here for details.

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Where:
9820 NorthCross Center Ct.
Huntersville, NC 28078

When:
April – 12th & 26th
May – 10th & 31st

Time:
8am – 1pm