Not long ago, I found myself deep in something new — again. We’re building a people-first private equity firm, and while I know how to scale companies, build teams, and create clarity — this is a different world.
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Nurturing Success: The Art of Stakeholder Engagement
Let’s discuss a topic that’s often underestimated but plays a crucial role in the success of any project or initiative: Stakeholder Engagement.
Keeping your stakeholders engaged is like tending to a flourishing garden. You need to plant the seeds, water them regularly, and make sure they get enough sunlight. In our corporate world, the seeds are ideas, and the sunlight is effective communication and collaboration. Let’s break it down.
1. Involve Them from the Get-Go: Ever hosted a party without inviting your closest friends? Probably not! Similarly, involving stakeholders from the project’s inception is key. Their insights and perspectives are invaluable, and by including them early on, you set the stage for a collaborative and inclusive environment.
2. Communication is the Glue: Imagine trying to complete a puzzle without the picture on the box. Communication is the picture on the box in our business puzzle. Regular updates, transparent communication, and sharing the big picture help stakeholders understand their role and the project’s progress. Whether it’s good news, challenges, or changes in direction, keeping everyone in the loop is vital.
3. Address Concerns Promptly: Like any relationship, there will be concerns. Addressing them promptly is like putting out a small fire before it turns into a blaze. Whether it’s clarifying misunderstandings, mitigating risks, or adapting to changing circumstances, showing that you’re on top of issues fosters trust and loyalty.
4. Feedback: The Secret Sauce: Ever tried a dish without salt? It lacks flavor! Similarly, a project without stakeholder feedback may miss critical elements. Encourage open and honest feedback. It’s the secret sauce that enhances the quality of your project. Learn, adapt, and evolve based on what your stakeholders are saying.
5. Celebrate Together: Success tastes sweeter when shared. Don’t forget to celebrate milestones and victories, big or small. Acknowledge the contributions of your stakeholders and make them feel like they’re part of something meaningful.
Stakeholder engagement isn’t just a buzzword; it’s the beating heart of successful projects. Like any relationship, it requires effort, communication, and mutual respect. By involving stakeholders, addressing concerns, and valuing their feedback, you not only maintain their support but also pave the way for future collaborations.
You Can’t Do Anything You Set Your Mind to, so Stop Trying
You’ve been lied to. How can we sleep at night lying to little kids? You can’t do anything you set your mind to, and more importantly, you shouldn’t try. I understand why we encourage this type of thinking: a large portion of the population is under-performing; they aren’t living up to their full potential. If people are told they can do anything they set their minds to, then they are more likely to try to do something. But for those of us who are trying to live to our full potential, this phrase can be detrimental to our success. Continue reading
Is Achieving Your Goals like a Game of Tug-of-War?
As a business owner or a department head, do you have a strategy for your team? How successful are you at achieving your strategy year over year? What if I said you would be more successful if you did less?
One of the greatest pitfalls I see companies fall into when executing their strategic plan is trying to do too much at once. After going through a strategic brainstorming session, there are so many great ideas on the table. A five-year vision is developed, then the two-year strategic objectives, and finally the tactical initiatives they wish to accomplish that year. Once nicely laid out on a board or in a three-ring binder with page protectors and full-color pages, leaders begin assigning team members to champion each of the tactical initiatives. After receiving their assignments, everyone goes their own separate ways until next year. Continue reading
Recipe to Make a Small Business
We had a “happy” show with Sara Bencomo, co-owner of Happy Cakes Bakeshop in Denver. Sara and some friends started making cupcakes seven years ago and now are being recognized by places such as 5280 and Martha Stewart. So how do you take a cupcake and make it a profitable business? Sara shared some tips. Continue reading
Where’s the Music?
“Never forget this: you can never assume people will automatically realize your worth” (Laura Stack). While our work speaks for itself, it may not speak loud enough, or people may not be listening. How do you take control of the review process and ultimately your raises and promotions? Ed Tate shared some great tips: Continue reading
3 Tips for Extraordinary Results
Best-selling author Mark Sanborn was on the show talking about how to get extraordinary results. Knowing we all have limited time, he wasn’t suggesting out-performing others by 25-50%, just incrementally better in order to stand apart. Continue reading
If You Don’t Have Time to Plan, It’s Time to Fail
After interviewing 21 of the top producers in companies across the United States, Gary Michels understood the value of time management. On the show he shared tips from his book Turn It up a Notch. Here are a few pointers about taking it to the next level: Continue reading
What I Learned about Rory’s Stairwell
I met Rory shortly after he became the World Champion of Public Speaking Runner-Up: a fun, high-energy guy, and so inspirational. Since then he has been propelled to the top of the success ladder as an international speaker and New York Times best-selling author. This guy is legit. I saw it. I saw him drive and create and push, then the breakthrough occurred. It wasn’t overnight. It never is. I want to share with you a few things I learned from Rory in the stairwell. Continue reading
How Intense Does It Need to Be?
Contrary to popular belief, I don’t have all the answers. I know – you’re shocked, right? Even worse, sometimes I don’t even have enough information to have an opinion. Personally, I can hardly believe that. But here I sit with something I’ve been struggling with for well over a year: focus. Continue reading
