Weekend Favs September 16

Weekend Favs September 16 written by John Jantsch read more at Duct Tape Marketing

My weekend blog post routine includes posting links to a handful of tools or great content I ran across during the week.

I don’t go into depth about the finds, but I encourage you to check them out if they sound interesting. The photo in the post is a favorite for the week from an online source or one I took on the road.

• NextGen Tool – Tired of chasing leads that go nowhere? NextGen Tool lets you discover the best AI tools and websites, which helps you to stay up-to-date on the latest trends and technologies.
• Bearly – If efficiency at work is something you crave, Bearly.AI will be your best friend. It uses AI to help you simplify your workload and makes you 10x faster by combining reading, writing, and content creation all in one.
• Wonderslide – If designing power points has never been one your strong suit, Wonderslide was created for you! It uses AI to help you create the slides of your dreams. 

These are my weekend favs; I would love to hear about some of yours – Tweet me @ducttape

If you want to check out more Weekend Favs you can find them here.

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How to Translate Your Passion Into Your Purpose

How to Translate Your Passion Into Your Purpose written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Liz Elting

In this episode of the Duct Tape Marketing Podcast, I interview Liz Elting, the co-founder and CEO of the award-winning TransPerfect. TransPerfect is the world’s largest provider of language and business solutions, boasting over $1.1 billion in revenue and offices in over 100 cities around the globe. Additionally, she is the founder of the Elizabeth Elting Foundation, a non-profit organization created to break down systemic barriers and foster systemic change for women and other underserved communities.

She has been named one of Forbes’ Richest Self-Made Women every year since the list’s inception. Currently, she is the author of the upcoming book, DREAM BIG AND WIN: Translating Passion into Purpose and Creating a Billion-Dollar Business, and is a contributor at Forbes and SWAAY.

Key Takeaway:

Almost any dream can become a reality with the right mindset and strategies. Learn how setting goals with deadlines, embracing constant innovation, and empowering women can lead to billion-dollar success. Liz’s journey from starting TransPerfect to her philanthropic endeavors serves as an inspiring roadmap for aspiring entrepreneurs and leaders. Dream big, take action, and win!

Questions I ask Liz Elting:

• (01:12): What motivated you to establish TransPerfect, and how does that tie into the reason you wrote your book?
• (04:05): What were some of the most challenging lessons you had to learn as you grew your company?
• (08:17): How would someone take it beyond just the dream into reality?
• (10:20): How do you balance or weigh the importance of taking risks?
• (11:26): What advice do your have for those aspiring to launch the next Google? Where can they find big ideas?
• (12:50): How have you adapted TransPerfect to meet changing global trends? How can others do this?
• (15:03): Was philanthropy a goal or a happy side effect of your success?
• (17:40): Do you see being a woman in your field as an advantage or disadvantage? How has it shaped your experience?

More About Liz Elting:

• Liz’s new book: DREAM BIG AND WIN: Translating Passion Into Purpose and Creating a Billion-Dollar Business
• More about the Elizabeth Elting Foundation
• Liz’s website
• Connect with Liz on LinkedIn

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Duct Tape Transcript

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John (00:00): Hey, this is John, and before we get started, I have a gift for you for being such an amazing listener. Everyone's talking about AI these days, but most of it's about tactics. We've created a series of prompts we use to create strategy, and you can have them for free. Just go to dtm.world/freeprompts and grab yours. Now. Let's get started.

(00:29): Hello, and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch. My guest today is Liz Elting. She's the founder and c e o of the Elizabeth Elting Foundation is an entrepreneur, business leader. I didn't know they threw this word in there for me. Lingo, file, philanthropist and feminist. Liz is the founder of TransPerfect World's largest language solution company with over $1 billion in revenue and offices in more than 100 cities worldwide. We're going to talk about her latest book, dream Big and Win, translating Passion Into Purpose and Creating a Billion Dollar Business. So Liz, welcome to the show.

Liz (01:08): Thank you so much, John. I'm so excited to be here.

John (01:12): So we're going to get into the book, but I want to go back in time a little bit because it's relevant, I think, to you writing the book. What led you to start TransPerfect?

Liz (01:21): Well, I had always loved language. I mean the English language and then languages. I had the opportunity to live in a number of foreign countries, Portugal when I was little, then Canada when I was 10 until college, and then I did my junior year in Spain and I worked in Venezuela, and I was able to study four languages, so Portuguese, Spanish, French, and Latin loved languages. Went to school, decided to major in languages and didn't know what on earth I would do with it. That was the concern because I was very practical. But I ended up getting a job shortly after my internship in Venezuela, which was shortly after graduating from college. But I got a job at a translation company in the late eighties, and it at the time was the world's largest. It was about 90 people, and I realized, wow, what a beautiful way to combine language and business and what a perfect way to do.

(02:13): So I was there for three years. First I was in production, and then I moved over to sales, and I thought, what a wonderful industry and what a necessary industry, but I think it can be done better. I saw a real gap between what clients needed and what was available in the industry. So went back to school, got my M B A from N Y U and had a very brief stint in finance. Felt like I had to try out finance just because I had my M B A from N Y U, and that's what people from Y U did. 70% of majors went into were finance majors, and I tried it, tried it out. So briefly after six weeks I left and I thought, wow, I loved the translation industry, and I had a thought on how it could be done better and this finance is not for me. So with that, that's kind of the moment I decided, okay, I'm going to start TransPerfect. And really with the goal being to build the world's largest language solutions company. At the time, there were about 10,000 other companies. That's what I did. But they were tiny. They were mom and pop.

John (03:15): Well, I was going to ask you that. You halfway answered it anyway, so I'll let you really tee it up, but did you really started thinking, I can do this big giant thing, or was it just like, Hey, I can do this better?

Liz (03:26): Yeah, no, it is a great question because you never know how big you can make it. But I think what I thought was, as I said, there were 10,000 translation companies out there in 1992 when we started, but they were really companies that were started and run by translators who were enormously talented, but they were busy doing the translation work, so they couldn't scale their companies. So I thought, if I'm going to do this, I want it to be different and better. And the biggest, I just figured if I'm going to not use that M B A and take the risk, I'm going to go for broke. And so that was certainly the goal.

John (04:05): I always love to ask entrepreneurs this question. A lot of times it's because they can look in the rear view mirror now to answer this, but what were some of the hardest lessons that you learned or had to learn in growing? Obviously many people don't get past a million dollars, let alone another zero on there. What were some of the hardest lessons?

Liz (04:23): So learned a lot of things. Did many, many things wrong. In the early days. We worked so hard on selling and just realized we had to sell. We needed to bring in revenue as quickly as possible. We didn't have funding. So to some degree we were able to do that, and that was wonderful. We brought in business, so we needed to hire quickly, and we brought in some people who were excellent, and actually some who were amazing, and then some who weren't so good. But what happened was we were working so hard on selling that we had too much work because we could only find people so quickly. Back then, in the early nineties or even the mid nineties, people didn't want to work for a startup. We didn't have the big name. We were this tiny company with a lot of work, crazy hours, and we were asking a lot of people and we thought, okay, well, we'll just pay them a bonus.

(05:12): We'll just pay them more money and they'll pull that all nighter. But we had a lot of turnover in those days. We lost a lot of people because you can't do that to people no matter how much you pay them. They need their life. And we learned quickly that we needed to scale carefully, make sure we were trying to grow, but we also needed to make sure we brought in the right people and then we gave them a reasonable situation. So we learned from that to basically set up shifts. We had what we called T one, T two and T three different shifts so that people were not working through the night. We also opened other offices in different time zones, and we had those time zones cover for the other time zone, and then finally comp days. But we found ways around it, but we had a lot of turnover in the early days because of the situation.

John (06:03): I think most businesses, especially if you grow rapidly, I mean you had never run a company of that size mean, so you were learning on the job. And I think that that's an area that sinks a lot of businesses. I mean, the people management part is probably the hardest part when you grow rapidly, isn't it?

Liz (06:20): Yeah. And I think it's the hardest part no matter what, right? I mean, yes, when you grow rapidly, because in the end, I mean, we grew pretty quickly, but we did this for 26 years, or actually, I did this for 26. It didn't feel so rapid at the time, but we couldn't bring in good people. We couldn't bring in people quickly enough who, and we didn't figure out how to manage their hours. But you're right. You're right. When you're growing quickly, it's hard. But I think finding, developing and retaining great people is the hardest part of every business. I'm sure you hear that and you know that we hear it all the time. That is the hardest.

John (07:00): Well, and you were kind of pre-internet, a pre global economy mean, so you needed people all over the world, and they were not as easy to find as they are today. You didn't have the marketplaces where you could find 'em. I'm curious, Wiley is your publisher on this book, right? Is that right? They

Liz (07:15): Are. Did

John (07:15): I remember? Yeah. So was there any wrestling over the title? And the reason I ask that is there's some people that the thought of creating a billion dollar business just doesn't even seem on the table. Did you have any, I'm just curious if you had any discussion with your editor on that title?

Liz (07:33): Yes, we did. Because I think you're right. A lot of people think, well, that's just out of the realm of possibility. Why would I even bother? And this book, certainly it's for everybody. It's for people who want to create million companies and 5 million companies and 10 million companies. So we did, but I think we put it on there ultimately because we wanted to show, you can do this. You can dream big, and I mean, dream very big, and you can create a billion dollar company. And I tried to share lessons I learned from what I did and the many things I did wrong, and you can get there. And it was to inspire people to realize they can reach for the stars and they could well make it. So that

John (08:17): Was idea, dream big and win and maybe make more money than you're making today is probably not as inspirational, right? Right. So there are a lot of books that talk about dreaming big. I think one of the things I really like about your book is so few of them have the and win component because to some extent, it's easy to dream big, isn't it? So how do you take it beyond just the dream?

Liz (08:43): Right? And I'm so glad you said that because some people feel like they don't want to talk about winning. Winning is a bad word, but for a lot of us, we're very competitive, and if we're doing it, we're playing to win, and that's who this is for. But the answer is it's easy to dream. A dream without goals, with deadlines is just a wish, right? I mean, it's all about goals with deadlines. And I talk a lot about that in the book about the daily goals. We had things like make 300 phone calls a day and send out 300 letters, and maybe now it would be emails, but every day and not letting the day pass without doing those things for an extended period of time. And I did it when I started the company and we had all of our salespeople doing it and held them to it.

(09:34): So that's an example of goals with deadlines that we really had to adhere to. Another example is when we thought, okay, we've got to scale this to the next level. Basically we set out quarterly goals for when we're going to open offices, and we said, okay, Q one, San Francisco, Q two Atlanta, Q three, Washington, DC Q four Chicago. And then we forced ourselves to do it. We didn't give ourselves an out. And that sounds like that might be actually quite difficult, especially without funding, but we basically hired one person at a time. They needed to achieve certain sales goals, and then they could add a person and so on. But yes, I think goals with deadlines is the key, and that's what a lot of people don't want to do. But if you do that, I think it's so key.

John (10:20): I think there's a misconception out there with people who aren't entrepreneurs that every entrepreneur is just this massive risk taker. I'd make the case that it's actually riskier staying in a nine to five job for somebody. But talk a little bit about, I mean, because you took some big risks, talk a little bit about what you think the role or the balance or the importance of risk is.

Liz (10:43): Yes. No, you're right. And I agree with you. It can be more of a risk if you're working for someone else, because then you're at their mercy. That's right. Which boss you're going to get. You don't know what the boss is going to ask of you. You don't know what's going to happen going to happen to the company. Plenty of companies go out of business, they lay people off, whatever it is. So yes, whereas you can control your own destiny if you take what some people might consider the risk, and I agree with you, it's not a risk. If by chance it doesn't work out, you learned a lot along the way and then you can go start something new. Or if you really don't want to, you can go back to corporate life. But I agree with you. I think it's more of a risk not to.

John (11:26): I'm sure people that will read this book will say, okay, I should dream big, but what do I need to start the next Google? Or where do I find the idea for my big?

Liz (11:37): Yeah. And I love that question or that, yes, because I feel like you should not confuse being an inventor with being an entrepreneur or being an entrepreneur with being an inventor. Basically, you can be wildly successful creating something entirely new. And certainly that was what we did. As I mentioned, 10,000 other companies were already doing it, but the idea was to do it better and differently. And there are all kinds of ways to do that, whether it's with more urgency slash faster, whether it's with more of a service orientation, really spoiling the client, whether it's with having a global presence, whether it's creating a one-stop shop. I mean, there's so many ways to do it. And I always think about how Steve Jobs did it with the iPhone. It was originally the Blackberry, which had some issues. The screen wasn't too big. I mean, there were a number of issues, and he wanted it to be able to do a lot more than just have its email usage. So the point is, yes, I think it's the better way to go because there's so many things out there that are being done, but they're not being done as well as they could. And it's finding that hole, finding that problem to solve.

John (12:50): So every new wave of technology potentially presents challenges for established businesses. I would venture to say that the translation business is going through a bit of an evolution because of ai. So how would you advise people, in some cases, it's going to gut their profit. In other cases, it's going to make them have to pivot altogether. I mean, how did you look at that kind of changing world to pivot or think about how you had to change the company?

Liz (13:25): Just to mean, and you probably know this, but I did sell five years ago, but still,

John (13:31): Yeah, I was using that as an example. Oh,

Liz (13:33): Yes. No, no, absolutely. Because machine translation became a part of things during my time in the industry, and you're absolutely right. So what we did is we tried to incorporate it in any way that it could be helpful. And it was whether it was machine translation, cat tools, and now it's ai, and I'm sure they're using it to their advantage and making it so that it is helpful. But the other piece of it that we did, and I recommend doing it, is constantly innovating. And sure, we did it with starting as a company that had almost no technology because in 1992, you could barely mode something. I mean, there was no technology. It was crazy. But then along the way, we really incorporated technology. But as far as other things, we started a litigation solutions division. We started a staffing solutions division. We created technology solutions.

(14:27): And I think the point there is you get the client base and you work with these big companies and you see what else they need, and then you see what the needs are out there as time goes on, and you just keep innovating for your client base. So we kept working with the same clients. I mean huge global companies, but they needed other things. And it's anticipating the client's needs before they know they have them. It's constant innovation. And I think that's what we did during those 26 years that I was with the company. But I think I'm sure that's what they're doing now and what every great entrepreneur and every great C e O is doing.

John (15:03): Yeah, I mean, no question. Easier to sell more to people who already trust you than to go out and find new companies or new business. Absolutely. As people might've noted in the intro, in your intro, the first part talks about your foundation. So was philanthropy always a hope, a goal or kind of a happy side effect of what happened in your mind?

Liz (15:26): I think it always was a goal. I learned early on that I wanted to help people. I liked helping people. I mean, I did volunteer work, a lot of us did. But during my years as an entrepreneur, I didn't have time like any entrepreneur that you barely have time for your company and your family, and that's it. So I did figure eventually when I had more time, I would focus on the issues and I saw issues. I saw issues with women and how they were treated, how marginalized populations were treated, or people from marginalized communities were treated, and then all kinds of other issues. And the longer I've been doing it, the more issues I'm seeing everything from heart disease to cancer to hunger to gun safety. So now I did think, okay, I had a plan early on, and I'll tell you partly why I had a plan.

(16:22): One thing that happened to me when I was 14, it was kind of the big event of my life. It was life changing. I was hit by a car. I was walking across the street in Vermont, and I flipped over, had a fractured skull, was unconscious for three days. My parents didn't think I was going to wake up. And then they were thinking, okay, well if she wakes up, she's probably going to have severe brain damage. Not being able to be able to talk or not be able to walk or something or both. Anyway, after three days, I was fortunate I did come out of this coma, but there was someone else with the exact same injury. So I realized, oh my gosh, I'm the lucky one. I need to do something important here. I could have just as easily lost my life. And then of course, I was lucky with having parents who encouraged education and supported me through it, and being able to be an entrepreneur who hired amazing people. I mean, we in the end had an amazing team that really built our company. So I was one of the lucky ones. So now here I am trying to help people who don't come from situations where they can get the education. So work a lot on financial aid or try to encourage people to be entrepreneurs or I'm trying to help in all the areas that I just am more good fortune with, and some people don't have it. So that's the idea.

John (17:40): So talk a little bit about, you started to mention this a little bit, but did you see being a woman doing what you did as an advantage or a disadvantage?

Liz (17:51): I think

John (17:51): I have four daughters, so that's maybe why I posed the question that way, because I'd love your take. No,

Liz (17:57): Absolutely. I think the reason actually what prompted me to start the company that I left out, I was trying to move along my answer. I know people don't have all day, but when I was at the other company, shortly after getting my M B A where I was trying out finance, I was the only woman. And first thing that happened is whenever the phone rang, all the guys would yell Liz phone, because I was the woman. And I quickly realized, okay, that atmosphere was not for me. It felt sexist there, it did. Now, that was many years ago, going through the years as an entrepreneur and as a C E O or Co c e O, yeah, it was tough in a lot of ways, being a woman, people assumed that my partner was the c e o when they first met us, when we just walked in, and I was his assistant because I was the woman.

(18:48): And then I felt like as we grew the company, I think it can be harder for women because when women are tough, they're considered mean. Whereas when men are tough, they're considered great leaders. I definitely felt some of that. And then I guess the other issue I saw is not so much that it affected me over time because I was in that leadership role, but other women that I saw at other companies, sometimes in our company, I think they weren't always treated the way they should be. So I thought, okay, when I'm finished with this, I'm going to help them and support them because in many companies and in many parts of the world and in politics and throughout, it can be tougher for women. And so that's why I'm focusing on it. And the wonderful thing for your daughters is this. In the nineties, we didn't have a lot of groups, women's group support.

(19:40): Now at companies, we ultimately had a women's group at our company, we started one. There are so many amazing networking groups outside where women are supporting women and some wonderful men are supporting women too. And it's much better, but we still have a ways to go. And I think as far as your daughters, one last thing is obviously they may find a terrific situation. There are wonderful companies out there, but I also think it's great when women go and start their own companies and they can create their dream environment. And so I'm a huge proponent of that as well.

John (20:11): Well, I'll brag a little bit. One of them has started and sold a company already, and then the other one is, one of my other ones is actually runs my company. So Oh

Liz (20:20): My gosh. Oh wow. So they're entrepreneurs already

John (20:24): And very

Liz (20:24): Successful ones.

John (20:26): I love that

Liz (20:27): They don't have to deal with these issues, or

John (20:30): Hopefully not, but Liz,

Liz (20:32): Wow, thank you. I said you had kids. I wasn't imagining they were old enough to do that. You're much two young

John (20:38): For them. I've got seven grandkids, so Oh my gosh.

Liz (20:41): You've accomplished a lot. Pretty more than I have.

John (20:43): Well, I wouldn't go there, but, well, Liz, I appreciate you stopping by the show today. You want to tell people where they can maybe connect with you or find out more about your work, especially the foundation, and then clearly pick up a copy of Dream Big and Win.

Liz (20:57): Oh, thank you. Thank you so much, John. Yes, so my website is https://lizelting.com/, and my website is https://ift.tt/wI0DEFR . And then the book, dream Big and Win can be bought on Amazon. So dream Big and Win. Liz Elting, Amazon, Barnes and Noble, or whatever your preferred retailer is. But yes, thank you so much, John. This was wonderful.

John (21:21): Well, I appreciate you taking a moment, and hopefully we'll run into one of these days out there on the road.

Liz (21:26): Oh, that would be amazing. So great talking to you. And so great talking to everybody.

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Weekend Favs September 9

Weekend Favs September 9 written by Shawna Salinger read more at Duct Tape Marketing

My weekend blog post routine includes posting links to a handful of tools or great content I ran across during the week.

I don’t go into depth about the finds, but I encourage you to check them out if they sound interesting. The photo in the post is a favorite for the week from an online source or one I took on the road.

• Signum.AI – Tired of chasing leads that go nowhere? Signum.AI uses AI to tell you the perfect moment to reach out so you’re talking to potential clients when they’re actually interested.
• PitchPower.AI – If drafting proposals feels like pulling teeth, PitchPower.AI is your relief. It cranks out professional proposals in mere minutes, letting you focus on what you do best.
• Shuffll – Struggling with the video content bottleneck? Shuffll is your shortcut to high-quality videos, produced 10x faster so you can engage your audience without the wait.
  

These are my weekend favs; I would love to hear about some of yours – Tweet me @ducttape

If you want to check out more Weekend Favs you can find them here.

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Small Business Metrics to Track: Measuring Success The Right Way

Small Business Metrics to Track: Measuring Success The Right Way written by John Jantsch read more at Duct Tape Marketing

Are you tracking the right metrics that truly measure your definition of success?

Many entrepreneurs and small business owners operate by gut feel, but that's not a reliable gauge of actual success. True progress isn't about being perpetually busy or keeping your phone buzzing. It's about setting tangible, measurable goals and executing a strategy that aims directly at achieving them. To keep you focused and make the most of your time—and even save a bit of money along the way—this guide explores how to set the right metrics and how to measure them effectively

• The Importance of Measurement for Success 
• 5 Metrics-Focused Tips to Achieve Meaningful Marketing Goals
• The Benefits of proper measurement for your Marketing Strategy

The Importance of Tracking Business Metrics for Success

Measuring success is not just a task; it's a necessity for growth. Working from a marketing strategy that relies on predefined metrics provides you with a guideline to follow and keeps you moving toward your goals. It enables a clear view of the trajectory, ensuring that your business progresses in the direction you want. 

Proper measurement also helps you to avoid unnecessary distractions. Your marketing strategy is your filter. It helps you say no to things that don't align with your plan, minimizing wasted resources and keeping your team on track. Creating and sticking to a measurement plan allows you to pinpoint distractions and eliminate them efficiently.

5 Metrics-Focused Tips for Small Business: How to Achieve Meaningful Marketing Goals

1. Set Quarterly Objectives

Setting quarterly objectives means dividing the year into four distinct periods and assigning specific, measurable, achievable, relevant, and time-bound (SMART) goals for each quarter. These objectives act as a compass for your marketing team, guiding your efforts and ensuring that everyone is aligned toward the same goals. By breaking down the annual goals into smaller, manageable chunks, you keep the focus sharp and make progress more measurable. It’s a good idea to focus on 3 main quarterly objectives and have everything you do filter through them. 

2. Track Conversions That Matter

Not all conversions are created equal. It's essential to identify the key actions that drive your business objectives, like lead forms being filled out or phone calls from ads. By concentrating on these vital conversions, you can align your marketing strategies to support these actions specifically. Tracking these conversions provides real-time insights into what's working and what isn't, enabling you to make informed decisions and adjustments as needed.

If you are having trouble identifying what small business metrics to track and the conversions that matter, go back to your quarterly objectives. If you can not identify how a conversion helps you achieve one of your quarterly objectives, it’s probably not worth tracking at the moment. 

3. Know your KPIs 

Don’t get caught up trying to track everything, at least not at first. Key Performance Indicators (KPIs) are the specific metrics that are closely tied to your business's revenue and profit growth. 

These business metrics can vary from industry to industry but often include factors like customer acquisition cost, customer lifetime value, conversion rate, and sales growth. By narrowing your focus to the 5 or 6 KPIs most relevant to your business, you can keep track of the most critical aspects of your marketing efforts. KPIs act as guideposts, helping you to gauge performance and make necessary adjustments.

4. Use the Traffic Light System

The traffic light system is a simple yet effective way to monitor progress toward your marketing goals. It allows you to take a quick look at all your KPIs and know immediately what needs attention or what goals need to be adjusted. You can use the colors of a traffic light - green, yellow, and red, to represent different stages of your progress.

Green: You're on track and meeting your objectives.

Yellow: Caution is advised; some areas might need attention or adjustment.

Red: Critical issues that require immediate action.

This color-coded system offers a visual representation of where you stand concerning your goals, making it easier to identify areas that need attention. By regularly assessing your status using the traffic light system, you can respond more quickly and make necessary changes to stay on track.

5. Setting Time to Review Metrics

Regularly reviewing your business metrics ensures you stay aligned with your objectives and adapt as needed. That is why it's important to allocate time to review your metrics consistently. Regular assessments help you stay aligned with your objectives and enable you to spot trends or anomalies early.

The business world is not static, and neither is your marketing strategy. It's essential not to stay rigid. Sometimes, business goals and conditions change, and you should be prepared to modify your metrics or tactics accordingly. After all, if your strategies are effective, your business will grow, and adjustments will be necessary.

Embracing both discipline and flexibility in your approach will position you to respond proactively to shifting demands, keeping your strategies aligned with meaningful aspects of business growth and profitability. It's a balance that fosters not only the achievement of current objectives but also prepares you for future opportunities and challenges.

Download our AI Prompts for Building a Marketing Strategy

This toolkit can help you develop a complete marketing strategy to help you measure your success and stop wasting resources. It's a step-by-step approach designed to boost your marketing efforts, and create an effective measurement plan.

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The benefit of proper measurement for your Marketing Strategy

Understanding and measuring what's working (or not working) in your marketing strategy is essential. Without proper measurement, you can easily drift off course, waste resources, and miss out on opportunities for growth.

In a world filled with distractions and myriad ways to measure success, a well-defined marketing strategy acts as your roadmap toward achieving your goals and keeps you on the fast track to get there. From setting clear objectives to identifying the KPIs that truly matter, you can build a plan that aligns with your goals, avoids unnecessary pitfalls, and is flexible enough to adapt to change. 

You can download our AI Prompts for Developing a Comprehensive Marketing Strategy. Better yet, if you'd rather we handle the strategizing for you, book a call with us.

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How To Create The Life You Want In One Year

How To Create The Life You Want In One Year written by Shawna Salinger read more at Duct Tape Marketing

Marketing Podcast with Lisa McCarthy

In this episode of the Duct Tape Marketing Podcast, I interview Lisa McCarthy, co-founder and CEO of the Fast Forward Group. Lisa has designed a groundbreaking system that’s already changed the lives of over 100,000 professionals across industries, from tech giants like Google and Amazon to financial institutions like JP Morgan Chase.

Her book, “Fast Forward: Five Principles to Create the Life You Want in Just One Year,” lays out the actionable steps for transforming your career and personal life within a year. Today, we dive deep into these power principles and discuss the urgency of a one-year timeline.

Key Takeaway:

The essence of the Fast Forward system lies in its practicality and time-bound nature. A one-year plan, as opposed to more extended timelines, offers a sense of immediacy and accountability. The system challenges you to declare a vivid and specific vision, take immediate actions, and assume control over various facets of your life. With a balance between professional and personal growth, the Fast Forward system underscores the importance of being the driver—not just the passenger—in your life’s journey.

Questions I ask Lisa McCarthy:

• [01:22] What’s the idea behind creating your life in a year?
• [02:49] Why a one-year plan instead of a three to five-year plan?
• [03:52] What is the ‘power principle’?
• [05:26] What is the reasoning behind having people declare a bold vision for their lives?
• [10:00] The second principle is to reframe your negative stories. How do people flip the switch on that?
• [15:17] Can you provide examples of coaching people from their current language to more action-oriented language?
• [20:58] Where can people connect with you to learn more about your work or pick up a copy of your book?

More About Lisa McCarthy:

• Get your copy of  FAST FORWARD: 5 Power Principles to Create the Life You Want in Just One Year
• Connect with Lisa on LinkedIn
• Lisa’s website.

Get Your Free AI Prompts To Build A Marketing Strategy:

• Download now

Like this show? Click on over and give us a review on iTunes, please!

Duct Tape Transcript

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John Jantsch (00:00): Hey, this is John, and before we get started, I have a gift for you for being such an amazing listener. Everyone's talking about AI these days, but most of it's about tactics. We've created a series of prompts we use to create strategy, and you can have them for free. Just go to dtm.world/freeprompts and grab yours. Now. Let's get started.

(00:30): Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch. My guest today is Lisa McCarthy. She's the co-founder and CEO of the Fast Forward Group, a professional development and executive coaching company that has transformed the careers and lives of more than 100,000 professionals at leading companies around the world, such as Amazon, TikTok, Google, JP Morgan, Chase, Ford, and more. Lisa is designed a simple and immediately actionable system of power principles to help people achieve success and fulfillment in their whole lives. And that's what we're going to talk about today because that is the basis of her book. Fast Forward five Principles to Create the Life you Want in just one year. So Lisa, welcome to the show.

Lisa McCarthy (01:16): Thank you. Great to be here.

John Jantsch (01:19): So I'm sure everybody starts here. I'm going to have to start here. You put a timeline on somebody creating the life they want in one year. So tell me a little bit about the basis of that and where that comes from.

Lisa McCarthy (01:32): Yeah. Well, what we've found throughout our lives and careers is that people have a to-do list. They have goals, and it's challenging, particularly when you're working in a fast-paced, high pressure, constantly changing company to zoom out. And so we have a lot of ambition dreams that mostly we keep to ourselves, and if we do share them, they occur as a someday. And so our system recommends that people go one year out. And it's funny because when we first started working and developing the curriculum, Facebook was one of our first clients and they were working on a weekly basis printing money at the time, and they said, we can't go even a quarter out. We could only think till Friday. And we said, well, in order to get people thinking big and believing and seeing more possible, we have to go out one year. And some people will say, oh, should we go three years? And we say, you know what? One year you really are putting a line in the sand and there's things to commit to. And even if you don't get to them by the end of the year, even if you fail, it's worth playing for versus it's staying in your head as a someday.

John Jantsch (02:49): And I think that's a timeline that's probably, people can think, yeah, okay, a year, I can stick with that. But that's also some immediacy because there are plenty of books out there that talk about three and five-year planning for businesses, and I'm kind of with you. It's almost kind of like a wish at that point rather than a goal, isn't it?

Lisa McCarthy (03:06): Yes, very much. I think a year is viable and it also brings a little pressure, which is a good thing, which is a good thing because when something's bound in time, people feel more accountable. And in our system, we give a very rigorous approach to designing a vision one year out and stating as if it's already happened, which is very different from goal setting. And we ask them to be vivid and specific and measurable, not I want to improve something or I want to be a better manager. It's very specific and measurable. And then ask them, coach them to come back to the present and look at what are the next three steps I could take? So very different from my action or to-do list.

John Jantsch (03:56): Yeah. So you use the term power principle. I think most people understand at least the basic concept of a principle. What are you bringing to the table with this idea of a power principle?

Lisa McCarthy (04:06): Our system. So there's so much in life that we cannot control. We can't control the economy, we can't control the weather, especially now, we can't control a lot of things that are going to happen in our company that gets sent on down from the top and we can't control other people, although we'll keep trying. So the whole book is about where, what can I control? Where do I have the power to improve and change? Where can I take a hundred percent responsibility? So each of the power principles focus on giving people actionable tools and exercises to zoom out and take control of your life. A lot of people are just in the passenger versus the driver's seat, and we always say, you had the power all along. It's up to you to exercise it. So declare bold vision, then we move to choosing a new perspective. You can control your mindset, creating an action plan. You can control where you spend your time and energy, and then we move into communication, another thing you can control. So it's all about control and power in a positive way, in a positive way, and taking responsibility for how your life looks.

John Jantsch (05:26): Let's talk a little bit about that first one. You mentioned the idea declare a bold vision. I mean, I think, I don't know, I've done several thousand interviews on my podcast over the years, a lot of books on leadership and that idea of a vision for a business is really common idea. You have a specific exercise for that. I'd love it if you could unpack maybe why you, because I think a lot of people accept this idea. A lot of people have trouble actually doing it, so I wonder if you could kind of unpack your exercise for that.

Lisa McCarthy (05:55): Yeah. Well, the exercise is for an individual. So a lot of times people are doing visions for their team or their company, and those can be very compelling. And this is about at an individual level, a year from today, what does extraordinary success look like? Really defining it. So it's not about wordsmithing, a three page, excuse me, a three sentence essay, which always used to drive me crazy when I took courses like that. This is about, we're going to give you seven questions, John, and you are going to step off the treadmill and you're going to answer those questions. And these questions are not just about business goals, these questions are about your whole life. So as an example, the very first question is a year from today, what are you known for? People are typically not conscious of how they're showing up and who they're being, not only as a leader or as a professional, but as a sister, as a parent, as a friend, as a colleague.

(07:06): So very early in the book and our program, you're going to raise your consciousness because most people, they're not even thinking they're just going sleeping. Then we have traditional business questions about what would extraordinary look like in terms of growth. We have all disciplines. So for engineers, it's going to look different from salespeople, it's going to look different from lawyers. But you really want to define not only outcomes that are predictable. We don't want to play unpredictable. This whole process is about playing for bold, uncomfortable outcomes that you may not had to achieve. And if you think about corporate America, it's not designed for that. People want to play it safe under promise, over deliver, get paid, get promoted. This is not that exercise, this is that exercise. Keep it to yourself. We recommend sharing some of the things with your manager because if you're not letting your manager know a year from today, here's where I want to be in terms of my career, don't plan on moving.

(08:09): Your hard work is not going to, excuse me, get you promoted, right? You have to take ownership of your career. So you're writing down bold, uncomfortable business outcomes. If you don't feel uncomfortable, you're not playing big enough but uncomfortable in a way that you're not up at two in the morning, uncomfortable in a way that I would feel so proud a year from today to have myself and my team accomplish that. And then how do you bring that same level of boldness and rigor and discipline to your personal life and to your relationships? I mean, we've had people in the program say, I don't think about the quality of my relationships. I want to stay married. I want to get together with my friends. But they're not really thoughtful about who are the people that really matter. And in the end, at our funerals, they're not going to talk about 25% business growth or market share.

(09:07): I mean, it's all important. Work is fulfilling. And if you drop out, whether it's culture, friendships, health, and when we work with people, they're dropping out a lot of those things. I've had people in the program that they'll sleep when they retire, they'll spend time with their kids after the I P O. And so this is an opportunity to really believe fundamentally that I can succeed and excel at work and I have enough time to do what's important. I can take time and invest in my wellbeing. I can make a list of the relationships that matter and pay attention. For most human beings, this is a breakthrough. They're just not thinking like that. They're not thinking whole life. And that's really what sets this book apart from most of the things on the market.

John Jantsch (10:00): I want to dive into number two, choose a new perspective. You talk about reframe negative stories that hold you back. I don't think anybody would disagree with that, but a lot of those negative stories that hold people back, they've had a lifetime of carrying those around. How do you flip the switch on that?

Lisa McCarthy (10:18): Yeah, that is for sure. First off, I'll state that my partner and I are not therapists. We're not PhDs in brain science. The book does have a lot of research in it. And what's made the biggest difference is practicing this model on our own lives and then sharing it with people throughout the last decade. You're absolutely right, there's negative. First of all, if you're walking through life thinking, I just crushed that presentation, I'm going to get promoted. I'm such a great parent, I've never looked better, keep going. But that's not usually what people are saying, right? We're saying negative. We have negative stories about ourselves, other people and the circumstances, and they really do hold us back. Now, why do people change? They change because they ultimately unpack the negative story and recognize the cost. So step one is, what is my negative perspective or story?

(11:21): What is the cost of that story? And then what's another story I could choose? So as an example, and I'll share one of my own, when I was back in corporate America, there was a reorg. There were many, but I got layered under someone that I was not a fan of, and I went home, and this was more temporal. It wasn't something that I had for decades, and a lot of times people have those too. But I was very upset, very disappointed, and went off about it with my husband, how did this happen? And this is not fair and this is never going to work, and I'm giving you the very short version. But my overall story was like, this is a mistake and it's never going to work. And then when my husband said, well, are you going to put together your resume? Are you ready to find another job?

(12:14): I said, absolutely not. I love my team, I love this company. I'm paid well. And he said, well, am I going to have to listen to this every night? Which was a fair question. And this was really self-coaching. Self-coaching, using the model, which everybody that reads this book can do. I certainly could have suffered for months and months complaining to my colleagues and complaining to my friends. But given I didn't want to change the circumstances and leave the company, I brainstorm new perspectives, which is what our model helps you do. And I ultimately took on, I can learn from every manager. Now, did I believe it at the time? It wasn't authentic, but I then said, okay, so this is my new perspective. What can I do? Well, I can have breakfast with him and get to know him as a human being. I can share in a very proactive way our business vision and strategy and get his coaching on various things.

(13:14): And ultimately, I did. I did. So it was really about completing the past and all this stuff. I had a story about him. I have big collecting evidence. That's what we do as human beings. And then unfortunately, human beings often choose to be right versus happy. So that's what the model really helps you with. If you have a negative perspective about other people, we're so busy being right and righteous, and I always say in the program like, Tom is not getting fired because that's what they're hoping. So Tom or that team is not getting eliminated. So if you need Tom or that team to be successful, what's another perspective you could take on? And then we have people in the program that have collected evidence for years that I'm not good with conflict. I'm not good speaking in large groups. I'm not strategic, whatever it might be.

(14:11): I'm not good with numbers collecting evidence throughout the years. And that's what stopped them. Because if you believe something to be true, you're not going to take any actions to change it. So this has been so game changing for people to try on a new perspective about themselves and about other people, even if they don't believe it at first. It may not be authentic at first, but they're willing to say, okay, the current lens I'm looking through is disempowering and there's high cost to me, so let me just go for it. Take on this new perspective. And it's been massively valued to people we're constantly hearing back over the last decade, they've had a breakthrough in confidence, they've had a breakthrough in communication and in relationships, both professional and personal. You're not quitting your family, this is your family.

John Jantsch (15:04): You do have to admit though, that you kind of wanted to punch your husband a little bit at the time.

Lisa McCarthy (15:09): Probably it wasn't the best night of our marriage, but I wanted him just to listen, but it didn't play out that way.

John Jantsch (15:18): Alright, let's talk about, you talk a lot about, in the book about language and changing your language of action, you actually call it. Can you give me some examples of where you've coached people through, here's the language you're using today, here's the language of action that you might consider.

Lisa McCarthy (15:35): Yeah, so one of the biggest pain points our participants face in their companies is meetings. And the reason this is such a pain point is because people are generally going back to back with phone calls and meetings. There's very little preparation. People are winging it. They may spend more time preparing for a client meeting and they've never been trained in. How do you manage a conversation towards a desired outcome? Because if you think about it, most meetings have an agenda. This is what we're going to cover, which has a lot of what we'd call in the stands we're going to describe, we're going to forecast, we're going to explain all of those things can make a difference. And we're coaching people to get on the field, okay, what do we do on the field? We start with the finish.

(16:33): How will this meeting be successful at the end? What is our desired outcome from this phone call or this team meeting? We're not just here to cover and inform. As an example, if it's an internal meeting, we're out to, if I'm a manager, I'm out to have my team leave appreciating how their work contributes to the greater vision and leave with ideas that are going to ignite them and inspire them to work in a productive way that week versus covering stuff that's boring where people are checked out and on their phones. And this really has helped our, for example, our sales teams, because often we get with sales teams and they have a long deck largely about themselves because they're so excited about their products and they have a lot to say, and you got to reel that back because we always need to stand in the customer's shoes and say, what do they care about?

(17:30): And why should they care about anything that we have to say? And so that's a breakthrough for a lot of sales teams. Let's start with their business, their priorities, their competition. What would be a breakthrough for them? How have we helped other clients address those challenges and how can we help you? So I'm riffing that like, oh, it's so easy. But people aren't doing that. They're going in capability pitches or not going in with a plan at all, particularly with internal meetings. So we're training people in managing conversations, and we even have a conversation planner in the book. So you can start from the finish and ensure that it is a conversation versus a presentation. A lot of people are getting into a meeting, they're presenting, they're trying to get through their slides, and then at the end with four minutes left, they're saying any questions?

(18:26): And that question, any questions is the death toll. Nobody's going to say anything. Nobody's going to say anything. So part of the training is if I really want to get feedback, I need to say, Sam, what are your thoughts on this? Or open up a question. What are you thinking right now? How does this fit in with the rest of your strategy? Does this match up with what you're seeing your people are saying? So you're asking open-ended questions. And one of the most powerful plays in managing conversations is you ask the questions and then you stare at people and then they ultimately speak. A lot of people, if they're so uncomfortable with silence that they just move into the next question and start talking. So part of this breakthrough in communication is listening, is pausing, is giving people a chance to think, but it's always about starting with the finish.

(19:26): And while mostly in the book we focus on professional application of this, it's super relevant with coaching, whether it's at work or at home, right? Because if I want to need to give some constructive feedback, I want to start with the finish and say, how am I going to leave this person empowered to believe that I care and see how changing his or her behavior and mindset will be a value to them? And that's not usually, we're really not being thoughtful about what's happening over there, what's happening over there, even with your kids. My kids will go on and on about some complaint and then I will have them feel heard. Got it, got it, got it, got it. And even though I'm dying to give advice, I'm not going to do that. I'm going to ask them, well, what do you think you should do? How would you like it to look? And this is all in the book, what are the coaching questions to help people help themselves, which is very hard to do because we're dying to help everyone.

John Jantsch (20:42): Plus I just want the damn answer.

Lisa McCarthy (20:44): Just tell me what to do, just tell me what to, and that's a big challenge in management and at home, except for my husband. He doesn't want to be told what to do. Yeah, he says that he doesn't work for me.

John Jantsch (20:59): Lisa, I certainly appreciate you just taking some time to come by the Duct Tape Marketing podcast. Why don't you tell me where you invite people, where they might connect with you, find obviously about your work, and pick up a copy of Fast Forward?

Lisa McCarthy (21:09): Sure. So our website is fastforwardgroup.net , and there's a tab right there where you can tap on the book. We're in presale right now, and order it at a variety of different places and you'll get it in September or it will make a massive difference in your career and life, and that's how to find out more.

John Jantsch (21:31): Well again, I appreciate you taking a moment to stop by and hopefully we'll run into you one of these days out there on the road.

Lisa McCarthy (21:36): Great. Thank you, John.

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Navigating the Performance Paradox

Navigating the Performance Paradox written by John Jantsch read more at Duct Tape Marketing

Marketing Podcast with Eduardo Briceño

In this episode of the Duct Tape Marketing Podcast, I interview Eduardo Briceño. He is a global keynote speaker and facilitator who guides many of the world’s leading companies in developing cultures of learning and high performance. Earlier in his career, he was the co-founder and CEO of Mindset Works, the first company to offer growth mindset development services. 

His new book, The Performance Paradox: Turning the Power of Mindset into Action, helps you discover how to balance learning and performing to bolster personal and team success.

 

Key Takeaway:

The performance paradox is based on the constant focus on performing tasks at a high level which can lead to burnout and stagnation rather than improvement. Eduardo highlights the importance of incorporating learning and improvement into daily tasks and goals and he explores the concept of the “learning zone” and the need to balance performance with deliberate efforts to experiment, seek feedback, and continuously grow.

Questions I ask Eduardo Briceño:

• [01:08] What is the paradox?
• [01:37] So the paradox is that instead of people getting better, they actually burn out or perform worse?
• [04:22] You’re suggesting something that’s very structured, right? Is that really the only way to get things done?
• [06:38] What you’re suggesting is that we can actually empower people to make leadership-type decisions, right?
• [07:52] The book is broken up into two major sections targeting the individual as well as the organization. One of the tools that you talk about for the individual is the idea of a growth propeller. Can you explain that?
• [10:48] If you work at a place and you like the place you work at, but your coworker community is not necessarily driving you to meet your goals in the learning capacity. Is that something you should proactively be thinking about building?
• [12:27] How do I create a learning organization? What are some of the things that an organization can do, especially if they haven’t been seeing themselves as such?
• [14:29] Should we add learning goals as part of how we would evaluate the effectiveness of a team member?
• [16:22] What are the characteristics that you think really have to exist for this to work?
• [18:32] Have you seen incentive packages and recruiting approaches that really are rewarding that growth mentality?

More About Eduardo Briceño:

• Get your copy of The Performance Paradox: Turning the Power of Mindset into Action
• Connect with Eduardo on LinkedIn
• Eduardo’s website.

Get Your Free AI Prompts To Build A Marketing Strategy:

• Download now

Like this show? Click on over and give us a review on iTunes, please!

Duct Tape Transcript

Email Download New Tab

John Jantsch (00:00): Hey, this is John, and before we get started, I have a gift for you for being such an amazing listener. Everyone's talking about AI these days, but most of it's about tactics. We've created a series of prompts we use to create strategy, and you can have them for free. Just go to DTM world slash free prompts and grab yours. Now. Let's get started.

(00:30): Hello and welcome to another episode of the Duct Tape Marketing Podcast. This is John Jantsch. My guest today is Eduardo Briceño. He's a global keynote speaker and facilitator who guides many of the world's leading companies in developing cultures of learning and high performance. Earlier in his career, he was a co-founder and CEO of Mindset works, the first company to offer growth mindset development services. We're going to talk about his new book, the Performance Paradox: Turning The Power of Mindset into Action. So Edar, welcome to the show.

Eduardo Briceño (01:04): Thank you, John. Thanks for having me here.

John Jantsch (01:06): You bet. So let's start with the title. What is the paradox?

Eduardo Briceño (01:10): The performance paradox is the counterintuitive phenomenon that if we're always performing, our performance suffers. So we actually achieve lower results if we're only performing. And by performing, I mean focusing on doing things as best as we know how, trying to minimize mistakes, what we're doing come game time. That's what I mean by performing.

John Jantsch (01:37): So the paradox of that then is you're saying that's actually the counterintuitive thought is instead of just getting better and better, you actually have burnout or people they perform worse? Is that what you're saying?

Eduardo Briceño (01:48): Yeah, we can have burnout, but at the very least, like you're saying, we don't get better. So what happens is to understand the idea. If we take it out of our context, let's look at, for example, sports. If you take any sport, you're in the game. Say for example, you're playing tennis and you're in a championship, you're trying to win the game, you're having trouble with a particular move, you're going to avoid that move during that match because all you care about is winning and doing things as best as you know how. But then for the great athletes, the people who become fantastic at what they do after the game, they go to their coach and say, coach, I have to work on this thing. This thing that I wasn't doing during the game, I wasn't doing. Now I need to work on that. So that's a very different activity, an area of attention and focus than when we do, when we're performing and often in work and life, we just get wrapped up in our to-do list, just worried about getting things done, and that keeps us at our current level of effectiveness rather than finding opportunities to be more effective over time and achieve more.

John Jantsch (02:52): It's interesting, I've heard athletes talk about that, particularly athletes that have become entrepreneurs talk about this idea that I only play once a week. I'm only on game time once a week. The rest of the time I'm working on stuff, I'm practicing. Entrepreneurs are like, it's 24 7, I'm a game time, and it really does make a lot of sense.

Eduardo Briceño (03:12): And so well with athletes, they have kind of the privilege that they can spend a lot of time in practice focused only on performance and then that short amount of time where they're performing or focused only on improvement most of the time, and then that short amount of time where they're in game time, they can show us what they have learned, how good they are in our normal jobs and life, we need to be getting things done all the time or most of the time. So the opportunity for most of us is to get things done in a way that's also going to lead to improvement. So that we have two goals as we do things. One is to get things done, but the other one is to figure out ways to do things better. So that means we have to not be doing the same thing in the same way every day, but we have to be trying new things, experimenting, listening to your podcast to get ideas about what to do differently, reading, soliciting feedback from customers or measuring what we do in terms of marketing to see what works better, doing AP tests all the time.

(04:12): So those are examples of how we can get things done in a way that's also going to lead to improvement.

John Jantsch (04:19): When I listen to you talk about that, I mean that you're really suggesting something that's very structured. I mean, this is not like nap time would be right? It's like every day at two o'clock we should have nap time, or every day at two o'clock we should have learning time. I mean, is that really the only way it's going to get done? There's always more to do in the performance category, right?

Eduardo Briceño (04:40): Yeah. So structures are so powerful and habits, I agree. So for example, a structure that a lot of teams have is a weekly meeting. And so at LinkedIn for example, they have a weekly meeting with their top 100 leaders, and when they started focusing on growth mindset and on improvement, what they did is they tweaked the agenda for the weekly meeting where there's a section of that meeting where every week they talk about what somebody learned the prior week during that time, anybody is welcome to come and say, Hey, this is what I learned, this is what I'm going to do differently going forward. So their colleagues can benefit from that lesson as well. Or when we're doing marketing, making sure we have ways to measure the effect of the different campaigns to see what works better and continuing to iterate from there. Absolutely, the structures and habits are critical or individually what we do every morning. And for me, being deliberate about what I'm trying to get better at and reminding myself of what that is every morning, the morning habit becomes effortless. I do it every morning, but then it prompts me to be looking for opportunities to improve in that area throughout the day.

John Jantsch (05:47): So you actually identify a couple zones when people are in their performance zone as when they're in their learning zone and learning's not just simply reading a book, is it?

Eduardo Briceño (05:57): No, absolutely. So I mean, it can be right? Learning can be reading a book or watching something or listening to something, but learning can also be integrated with performance. So there's the learning zone, the performance zone, and then there's, when we do the two together, often people have talked about that as learning by doing, but the reality is we don't just learn by doing. If we just do something, it doesn't actually lead to learning to, but we can learn while doing so that we can do things and get things done in a way that we're going to be generating ideas, trying new things, measuring what works better and getting better over time as we get things done.

John Jantsch (06:36): So again, thinking about this structure, would you suggest that people actually need to identify, I don't know if we call it zones, but time for learning and then further that, I mean, sometimes learning by doing means you have to be really bad at something or less productive maybe to find it a better way. So we also have to have permission for that. We

Eduardo Briceño (06:58): Absolutely, when the stakes are high and mistakes are very costly, we switch to our performance zone and that is appropriate and that we need to be doing that when the stakes are high, when there's a very important customer that we're meeting with or it's a championship game, we want to be putting our best foot forward. So to your point, we want to identify what does my performance zone look like? When is that and when do I want to not focus on learning and when and how do I want to focus on learning? What strategies am I going to use? Who is going to help me learn? Well, who am I going to be soliciting feedback from and being deliberate about that and aligning with our colleagues on that. Because if you're going into a meeting with a customer and you're not clear on, are we just going to be performing, putting our best foot forward doing what works, which is appropriate sometimes, or are we going to be experimenting in a small way here and just getting on the same page, right? Yeah.

John Jantsch (07:50): Yeah. So the book is broken up into two major sections, targeting the individual as well as then the organization, because those two, especially in the workplace, those two are going to go hand in hand how successful the individual is. Might have something to do with how open the company is to this idea. But one of the tools, I'm a consultant as well, so I love a good metaphor and framework. One of the tools that you talk about for the individual is this idea of a growth propeller. I wonder if you could kind of unpack that one.

Eduardo Briceño (08:19): Yeah. So the growth propeller is something that helps us think about how we want to continue to evolve ourselves to be great learners and great performers, and really it can help us think about how we want to shape ourselves to be successful in any area of our lives. And so at the picture propeller with three blades at the center of it, we have our identity and our purpose. And the three blades are beliefs, habits, and community. So when it comes to our identity, it's really important for us to see ourselves as a learner, as someone who is continuing to change. And over time, sometimes we want to think of ourselves as naturals, like we are gifted and we have something special around us, and that's why we can do things very well. And then that doesn't lead us to continue to want to learn and get even better over time.

(09:09): And when we struggle, we take that as evidence that we're not good, and so we go do something else. So our identity of being a learner and continuing to change over time, we need a purpose, a reason that we care about for both putting effort into learning and effort into performing. So that's like we can be tinkering with things that we care about, thinking about the contribution and the effect that we have on our colleagues and our customers so that it gives us a purpose, like the energy to put effort into both zones. And then I unpack some kind of key beliefs, habits, and aspects of our community that help us be more effective in both of those zones. For example, belief about transparency is really important. When we make our thinking visible to other people, then we can learn more because they can give us feedback on our thinking and they can learn more because we're making our thinking visible to them.

(10:02): So that's an example of a belief. What do we think about transparency and how do we use it in our lives in terms of habits, how we respond to mistakes is what I call a responsive habit, but how do we practically drive our growth and what are some proactive habits or something to think about? And our community is super important, the people around us, because the people around us, whether they see themselves as learners, whether they act like learners with us and in collaboration with us, that affects us a lot. So who are we working with and living with and how are we continuing to shape ourselves? And the way that we collaborate with each other is something to think about as well.

John Jantsch (10:42): So further on the community aspect, it feels a little bit like you're saying. I mean if you work at a place and you like the place you work at, but your coworker community is not necessarily going to drive you to meet your goals in the learning capacity, I mean, is that something you should proactively be thinking about building who can I, even if it's networking or mentors or something, who can I surround myself with? Not necessarily just my coworkers?

Eduardo Briceño (11:09): Absolutely. Yeah, we can think about what can I most influence or control or influence. So the thing that I can most control and influence is myself. So how do I perceive things? How do I behave? And then there's the people who are close to us and we can try to influence them. We can try to share an idea or a video or an article with them and say, Hey, this resonated with me. What do you think about this? Do we want more of this in our team? And see if you can continue to shape the culture of your team in the way that you want. Sometimes teams will respond to that, sometimes they won't. And we can work on continuing to get better in our ability to influence others. But to your point, we can look also beyond our team, whether it is our friends or other people in other departments or mentors, and get those relationships that will support us and help us learn and grow over time.

John Jantsch (12:03): Like book clubs, we have a Slack channel that people are constantly dropping in, Hey, here's something I read, I think everybody would be really interested in. So those little things can actually, I've seen them have impact on the culture.

Eduardo Briceño (12:15): Absolutely.

John Jantsch (12:17): Alright, so the second half you talk about this idea of a learning organization. So I'm going to ask you a question that would probably take you 20 minutes to answer, but I guess the short form, I mean, how do I create a learning organization? What are some of the things an organization can do, especially if they haven't been seeing themselves as such?

Eduardo Briceño (12:37): So one is to start exploring these ideas and thinking about are we a know-it-all organization that values people who behave like know-it-alls or the people who are most respected in a team, people who are sure that they have the right answer, or are they people who might know a lot, but they're continuing to expand their understanding, they're asking questions, they're soliciting other people's ideas and exploring really, what do we think about this idea of continuous growth and Olympic athletes continue to work even to get even better, even though they're the best in the world? Do we want that type of culture? So the intention, do we want to create a learning organization? What does that mean? And then depending on where you are in the organization, your next steps might be different. If you're an executive, you might want to think about your executive team and talk about with the executive team, what are your core values that maybe you want to refresh?

(13:35): How do you give guidance to the organization on what key behaviors those core values entail? Maybe soliciting some feedback from the organization in terms of what are the strengths of the organization and here's what we're thinking. What do you think about this? We love your feedback, but even if we're in the middle of an organization or in the bottom of an organization, we're just starting out our careers. We can influence our circle, like our team, even within an organization that might be call it a know-it-all organization, there are teams that can be great learning teams, and the culture really is a culture with the people that we have the closest relationships with. So we can create those islands of excellence and of deep relationships and collaboration, even if we work in an organization that has whatever culture,

John Jantsch (14:20): So many organizations pay is based on performance evaluation. Are you suggesting that we should add learning goals as part of how we would evaluate the effectiveness of a team member?

Eduardo Briceño (14:35): Well, so there's the performance evaluation and it is completely reasonable to have bonuses and performance be based on performance and on outcomes. But we see over and over across organizations and industries that the people who figure out systems and habits to make the learning zone part of their everyday life perform better. So those people achieve higher performance, they achieve higher bonuses because they figure out ways to engage in the learning zone on a daily basis. And so in performance management, it's an opportunity to have people reflect not only on their performance goals, but also on their learning goals. What do I want to get better at? How am I going to go about it? Who might help me along the way? What resources can I tap and think about, okay, for the last quarter or the last six months, I said I was going to get better at X in these ways. How did that go? Did I actually get better? Is that actually making an impact? And if we share those learning goals with our colleagues, our teams, then that can be very powerful because they can give us feedback that's relevant to that thing that we're interested in along the way.

John Jantsch (15:45): What have you seen, what characteristics or traits do you find an organization is either really is abundantly clear that they have those and so they can adopt this? Or the backwards way to ask that is what traits are missing in organizations that try to do this? Because for example, anytime somebody comes and says, oh, here's our new initiative, we're going to do X, but there's no trust because you've said that a hundred times and we've never done X. It's pretty tough. So I asked you a question and then I sort of answered it probably, but I'll tee that up. What are the characteristics you think really have to exist? A learning

Eduardo Briceño (16:24): Organization? People feel that continuous growth is a default, that the organization believes that they can continue to grow and expand their skills and develop throughout the organization. And that there's resources for them, right? There's resources for them to grow, whether it's mentorship or through some organizations might have even role playing or simulation rooms or all kinds of different structures. And so part of that is, and you alluded to this, is that people feel safe to take risks, to try new things, to solicit feedback, to say, Hey, I am not sure that meeting went great. I'm not feeling great about it. I would love your ideas about what I could do better next time. Or in this particular meeting, I'm going to be working on this specific thing. I would love for you to look for that so that after a meeting you can give me feedback on it or I can give you feedback if I saw something that I thought would be an opportunity for greater impact. So where people can have open and honest, transparent conversations, feeling that's bringing them closer together, getting to know each other better, and they're contributing to each other's learning and performance.

John Jantsch (17:36): I suspect there are organizations that the culture is such that people would see that actually as a weakness to be asking for help, to be saying, oh, I want to learn this new thing, or maybe this job, my zone of genius, I'd like to work on this because I'd like to go here. I mean, that takes a level of trust and transparency that maybe doesn't exist in a lot of organizations.

Eduardo Briceño (17:59): Yeah, I agree. I think it doesn't exist in a lot of organizations, so we have to build that trust. And what we're saying is not that people are not competent, and so they need to spend more time learning in these organizations. People are very competent, but they want to get even better. So when we're hiring somebody, for example, we don't want to hire somebody who has learned the skills that are needed for the job. And even the better, the skills are better, but then we want to grow from there. We want to go from good to great, from great to greater.

John Jantsch (18:32): Yeah. Have you seen incentive packages and recruiting approaches that really are rewarding that growth mentality?

Eduardo Briceño (18:39): Yeah. So first there's, in recruiting, there's the employer brand. When you communicate with the candidates, do you communicate that this is a company that really will support your growth? And once people who want to work hard and continuing to develop themselves in collaboration with others. So there's that kind of employer branding. Then there's the onboarding of how do you onboard people and teach them how do we learn in this organization? What resources, habits, and structures do we have to learn? And also using that as an opportunity to get these people with fresh eyes to give you feedback on what they see because we can learn so much from these new people who are just seeing things with fresh eyes. And then in terms of compensation, when we tie monetary rewards to learning, there can be some unintended consequences. So it's better actually to elevate the purpose of the work and the satisfaction that comes from growth and from the higher performance from growth and leave the compensation tied to actually the performance and the results.

John Jantsch (19:46): Yeah, I've actually seen some people kind of gamify it where it might not be compensation, but it'll be some sort of perks from the company store or something like that, really just to kind of keep it fresh and gamify a little.

Eduardo Briceño (20:00): Totally. One of the companies that I mentioned in the book, many companies, it's named Clear Choice Dental Implants, and they have some awesome games where people learn with each other through games. They have gamified their learning pathways in the organization. So that, for example, if you are in the middle of a learning progression to continue progressing, you have to help somebody who is earlier in their progression, maybe by giving them feedback or observing them and giving them feedback or something like that. So yeah, those gamifications can be really fun.

John Jantsch (20:33): Awesome. Well, Eduardo, are you want to, again, appreciate you stopping by the Duct Tape Marketing Podcast. You want to tell people where they can connect with you and obviously find out more about the Performance paradox?

Eduardo Briceño (20:43): Sure. So my website is briceno.com. It's my last name.com. I have a monthly newsletter. I am active on LinkedIn, and the book is available wherever books are sold. It's the performance Paradox, turning the power of mindset into action. Thanks again, John, for having me today.

John Jantsch (20:59): I appreciate you taking the time, and hopefully we'll run into you one of these days out there on the road in real life.

Eduardo Briceño (21:04): I look forward to it.

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