Rise Leaders Radio
#43 Pay Attention, Stay Curious:  ”Hokusai Says”

#43 Pay Attention, Stay Curious: ”Hokusai Says”

August 31, 2021

 

He says look forward to getting old.

He says keep changing, 

you just get more who you really are.

- Roger S. Keyes, Hokusai Says

 

Podcast art:  The Great Wave off Kanagawa by Katsushika Hokusai

The Art is the First Iteration. We take it from there.

The poet reminds us that art is a product of inspiration and interpretation. The artist initiates us with their work and then it's up to us to add our own meaning. 

Hokusai rolls first by offering his art - the most well known is his beautiful woodblock series, Thirty-six Views of Mt. Fuji. Roger S. Keyes, an art-historian and poet picks up the dice and rolls again by offering an interpretation of Hokusai's work. What it meant to him. I must say I like the meaning he made of the great Japanese artist's paintings.

How does Poetry Inspire Action?

Listen as I read and notice what happens with you. Taking the poem in, I want to slow down. I want to pay more attention to my surroundings and to appreciate them. And to appreciate the individual and collective trajectory of our human and non-human lives.

I want to visit a museum and wonder about a piece of art or sculpture. What is the artist saying through their work?

Being impressed and then motivated to new action is a final phase of reading poetry. You can find the Guide to Reading Poetry, along with a copy of this poem. In Episode 18, I interview a colleague who reads David Whyte's Start Close In and we discuss ways to take in poetry.

What's the link between Poetry and Leadership?

I have opinions about how reading poetry elevates our leadership and our lives. I think it deepens our experience. If we use the poem as a practice for taking on another person's perspective like Keyes did, we can increase our empathy and ability to deal with paradox, complexity and conflict.

We can read poetry to build the muscles of our imagination, which can lead to creativity and innovation - highly sought after elements of our work and lives.

A Guide for Reading Poetry:
https://mailchi.mp/rise-leaders.com/a-guide-for-reading-poetry

Episode 18:
Using Poetry to Expand Perspective
https://rise-leaders.com/podcast?ppplayer=2166354b3000fc311ad1272907939efb&ppepisode=d0ab05a8823e580f4b6d08ccede05d34

Great Wave off Kanagawa, a painting from Hokusai:
https://commons.wikimedia.org/wiki/File:Great_Wave_off_Kanagawa_restored.jpg

To discuss executive coaching, leadership development program design, and workshop facilitation, please visit:
https://rise-leaders.com/contact-info/

#42 What if Sales IS the Center of the Universe?

#42 What if Sales IS the Center of the Universe?

August 17, 2021

Look at sales in a very simple definition - that is delivering value for what someone needs. If you look at sales in that light, that’s a very noble profession. It starts with helping make sure that companies have the right people in their organization and Sales[people] who have the right knowledge, mindset, approach, cultural fit for the business, but also work with other areas of business.” - Chris Goade

Aligning Sales and company culture

Sales is arguably the face of the business – and foundational to an organization's success. It’s intrinsically connected to each function of the business, interfaces directly with customers, and delivers the revenue and profits necessary for growth. This is why it’s critical to develop solid sales processes and talent.

Chris Goade is the co-founder of 360 Consulting and saw an untapped market to build, rebuild, and restructure sales organizations while developing its people. He discusses the importance of a sales culture and that it aligns with company culture. This happens by finding the right people, building the right processes, and nurturing cross-functional relationships.

When done well, this creates a win-win relationship for the business and the customer.

People, Mindset, Process

 [11:09] “Work to make sure you have the right people, the right mindset, a clear understanding from everyone in the organization of what you do in sales: How do we develop leads? How do we articulate our value proposition? How do we create winning relationships?...It's a process like accounting, production, operations.”

About CRMs

[17:26] “If you start off with, 'do we have the right tool configured correctly? Do we have the right processes in there? And always keep an eye on what the ultimate goal is - this changes the whole belief system around what a CRM can mean for your business.”

Change driven by Goals and supported with Accountability

[18:54] “Get participation from everyone on the team…And now it's not just someone saying, ‘Hey, you're gonna do this,’ or ‘This is policy’… that's a whole different kind of mindset and position to come from when you start to hold people accountable…
“We don’t change for the sake of change, but change to get to the goals. … [When] they have some ownership in that in that change, then it's not so scary.”

 

For further exploration:

360 Consulting DFW : https://www.360consultingdfw.com/
Chris Goade Linked In https://www.linkedin.com/in/chris-goade-535b2831/
 
To discuss executive coaching, leadership development program design, and workshop facilitation, please visit:
https://rise-leaders.com/contact-info/

#41  How to Be Free

#41 How to Be Free

August 3, 2021

“Everything can be taken from a man but one thing: the last of the human freedoms - to choose one’s attitude in any given set of circumstances, to choose one’s own way.”  - Viktor Frankl

Unlocking our freedom from within

When we think of independence, we often think of it as an external event, like Juneteenth or the Fourth of July. But freedom and independence, including personal freedom, is actually a process and practice that requires ongoing effort.
Internal freedom is our ability and willingness to live into our own creative potential. It's a mindset and comes from within. To achieve internal freedom, spend time reflecting on your values, motivations and authentic desires. Double-check that the dreams you're chasing are yours and not someone else’s. We unlock greater personal power when we recognize self-limiting beliefs and behaviors that inhibit our internal freedom.
The benefits are great: when we gain internal freedom, we live from a creative and empowered mindset.

 

What Internal Freedom looks like:

[07:46]“It looks like creating visions for our own life and then taking steps toward those visions. We’re honest and clear about what we want, not what someone else wants of us, or what we feel obligated to do.”
“Using discretion and intention for where we place our focus and attention…Know where you want to spend your time and attention and create boundaries and practices so that you find that sweet spot.”

How we hold ourselves captive:

[12:35] “Complying, staying small, and not rocking the boat. Staying quiet in meetings and agreeing.”
[14:47]“Not recognizing and valuing our own worth, expertise, contribution, impact - a feeling of not belonging.” For example, “’Everyone at my company has specific expertise…I run customer support so don’t have much to contribute.’”  One way this belief impacts someone is in feeling unable to say no in an attempt to prove one’s worth. Burnout and resentment follow.

For further exploration:

Journal Prompts for Freedom pdf https://mailchi.mp/rise-leaders/journal-prompts-for-freedom

Rise Leaders Radio Episode #13 with David Emerald: Three Vital Questions for Transformative Results and #33 with Jerry Magar: Putting Your Values Into Action (www.rise-leaders.com/podcast)

CliftonStrengths assessment
Man’s Search for Meaning by Viktor Frankl
 
Books by David Emerald:  The Power of TED* The Empowerment Dynamic + Three Vital Questions:Transforming Workplace Drama
 
Mastering Leadership by Robert J. Anderson and William A. Adams (socialized/self-authoring, creative/reactive)
 
Reboot:  Leadership and the Art of Growing Up by Jerry Colonna
Cassandra Speaks: When Women are the Storytellers, the Human Story Changes by Elizabeth Lesser
Owning Your Own Shadow by Robert A. Johnson
Loving What Is by Byron Katie
To discuss executive coaching, leadership development program design, and workshop facilitation, please visit:
https://rise-leaders.com/contact-info/

#40 Try the ‘blend’ : A practice to build stronger relationships and deeper trust

#40 Try the ‘blend’ : A practice to build stronger relationships and deeper trust

July 13, 2021

“When we’re blending, we felt in lockstep, we were in flow. Perhaps we even felt like the conversation was a nice dance. We felt open, connected with, 'gotten'…When we are able to blend, we have stronger relationships that are based on deeper trust.”

 

'Blend' to build stronger relationships

In a society that seems to value being right and accomplishing tasks quickly, a willingness to engage in the difficult work of connecting with what others care about is a game-changing mindset. Blending is one means of accomplishing this: an authentic willingness to be open to another person’s concerns, move with them, to hear and understand their perspective.

This week we’re looking at what blending is (and isn’t); how to sense it; and how to observe, reflect, and practice it.

What Blending Isn't:

[3:42] “When we're having an experience of not blending or not being blended with, we may say that we feel pushed into something. We might feel stiff-armed or kept at a distance. We feel like we had the rug pulled out from underneath us.”

Observation Before Action

[6:07] “The magic in all of this is in raising our self-awareness so that we can catch ourselves when we're blending well, and not so much.”

[8:38] “Observe yourself. Notice the situations where you blend well. And when you don't, I've given you clues already to look for: when you jump in to fix, advise or shut something down, or when you move into complying and pleasing.”

 

Center, Calibrate and Connect

 [10:57] “When you're actually in the blending conversation, connect to what you care about. Center yourself physically, release tension, calibrate your nervous system. Now connect with the other person and engage by asking questions and attempting to expand your own perspective.”

For further exploration:

Rise Leaders Radio Episodes focused on embodiment: #32 Speak Up Stand Up:  Chris Johnson on Becoming Fierce; #25 The Leadership Pause with Chris Johnson (www.rise-leaders.com/podcast)

Pushing Hands - An embodied exercise:  Wikipedia https://en.wikipedia.org/wiki/Pushing_hands

"Embodied Leadership: The Somatic Approach to Developing Your Leadership" – Pete Hamill https://bookshop.org/a/16835/9780749465643

"The Leadership Dojo: Build Your Foundation as an Exemplary Leader" – Richard Strozzi-Heckler https://bookshop.org/a/16835/9781583942017

To discuss executive coaching, leadership development program design, and workshop facilitation, please visit:
https://rise-leaders.com/contact-info/

 

#39 Your Body’s Role in Being an Effective + Resilient Leader

#39 Your Body’s Role in Being an Effective + Resilient Leader

June 29, 2021

“Our embodiment is our extraordinary ability to put complex actions and interactions on autopilot. So that what comes next, or how to respond, becomes second nature... I'm talking about the body as a reflection of the person who lives within it.”

-Amanda Blake, Your Body is Your Brain

Embodiment, Learning and Leadership

Amanda Blake is the author of Your Body is Your Brain, a Ph.D. candidate in Leadership and Management, and an expert in experiential leadership learning and the art and science of embodiment.

Today we explore the positive impact that embodied self-awareness has on our resilience, our effectiveness in leading, and ultimately in living a more fulfilling life.

What is embodiment?

[06:55] “Embodiment is a felt sense way of knowing about ourselves about others and about the world…non-judgmental attention to what our interior state is to our sensations or movements…A way of being, a way of knowing, and a way of paying attention.”

A pathway to resilience

[18:39] “When we start to develop our embodied self-awareness, part of what happens is we get better at noticing the red flags, and stress.”
[19:57] “It's like this secret superpower where you can go, ‘I'm just going to soften my shoulders a little bit here, I'm just going to relax my jaw or feel myself sitting in my seat.’ All of a sudden, that starts to change the constellation of stress hormones in my body.”
Recognizing when you carry stress in your body is the first step to overcoming and bouncing back. This can help us return to the path we need.

Embodiment is personal and pragmatic

[24:10] “It's very unique and individual what we might need or want to do to counteract the tendencies we might have that can be totally unconscious.”
[25:55] “Prime people to think about, okay, for this meeting, this conversation, this activity, how do you need to bring yourself to it? What way of being will best serve the outcome that you're aiming for? Then how do you embody that..whatever that may be?”
Do you need to open your shoulders and lean forward to better engage? Do you need to soften anywhere to relax and appear approachable? It’s up to you to determine what’s best for the situation and what to do physically to bring your best self.

For more conversations on embodied leadership, try out Rise Leaders Radio episodes #25 & #32.

Free download mentioned in this episode: Stress to Serenity Guide:  https://embright.org/centering-challenge/

To connect with Mandy:
Website:  https://embright.org/
About Mandy: https://embright.org/mandy/
LinkedIn: https://www.linkedin.com/in/amanda-blake-892195/

Order the book through Bookshop: https://bookshop.org/a/16835/9780999368107

#38 Ecosomatics |Connect to your body to connect to your world

#38 Ecosomatics |Connect to your body to connect to your world

April 20, 2021

“When we connect to our own energy and life force, we're actually connecting to the big energy out there in the world…And this is the venue, the entry point into connecting with all the rest of life around us.” - Mark Mooney

Connect with your body, connect with the world
According to Mark Mooney, the embodied or self-actuated self includes a deep connection to all the rest of life on the planet. Achieving this requires an understanding of somatics and ecosomatics.

Somatics is a body-centered approach to learning and transformation; we learn through our body to reach our potential. Ecosomatics integrates deep ecology, which acknowledges the inherent value and interconnection of all living things. Tapping into our senses and sensations lays groundwork for both.

This week Mark explains how our bodies and our “ historical shaping” inform our strategies for navigating the world. He also explains how connecting with nature enhances our wellbeing - and how to connect with nature even when it’s not easily accessible.

Be fully in the experience of life
[15:36] “We might as well be in the experience of life as opposed to thinking of life. Joseph Campbell suggested that we're not looking for the secret of the meaning of life. He suggests that we're looking for the experience of life, which means experiencing all of our emotions fully.  Being fully aware in the moment and to the things going on around me. [Then the] experience of life just gets better.”

Our shape suggests our mood
[22:15] “That's an interesting part about shaping. You look at people’s shape, a ‘resigned shape’ is one of the things that people can see the most: kind of collapsed - looks like there's a weight around the neck…it’s part of the defense of ‘let's make myself smaller.’ I'll bring my energy and I'll condense my musculature. I'll actually bring my head down. Now I'm going to be smaller.”

Connect to your senses to become present and alive
[50:21] “Cultivate your connection to your senses. Go for a walk (and nature is probably going to give you the easiest time to do this) and spend 10 minutes strictly in one sense…so I could walk slowly and just pay attention to what I hear. What's the furthest away thing I can hear? What's the closest thing? What's high pitch, what's low and bass? And just pay attention and listen to the quality of sound.”
[54:28] “It opens a world getting connected to our senses on this level, it opens a world that we're just not usually paying any attention to.”

Resources mentioned in the episode:
Mark Mooney:
mooney23@comcast.net
ecosomatic.com
https://www.linkedin.com/in/mark-mooney-6116a49/
Strozzi Institute:
https://strozziinstitute.com/
Richard Strozzi-Heckler, PhD:
https://strozziinstitute.com/about-2/#richard-strozzi-heckler
Deep Ecology + George Sessions: https://en.wikipedia.org/wiki/Deep_ecology#:~:text=Deep%20ecology%20is%20an%20environmental,in%20accordance%20with%20such%20ideas.
Arne Naess:
https://en.wikipedia.org/wiki/Arne_N%C3%A6ss

To subscribe to the Rise Leaders newsletter for more resources:
https://mailchi.mp/426e78bc9538/subscribe
To discuss executive coaching, leadership development program design, and workshop facilitation, please visit:
https://rise-leaders.com/contact-info/

#37 Intimacy, Self-Orientation & Fear | A Deep Dive Into Trust

#37 Intimacy, Self-Orientation & Fear | A Deep Dive Into Trust

April 6, 2021

"If we insist on being buttoned up, polished professionals, that gets us a certain distance in our business lives. But showing up as a human being and being willing to relate to our clients and our colleagues as human beings, not just as professionals, gets us 10 times further.” - Andrea Howe

Strong connections build trust
Andrea Howe kicks conventional business to the curb and transforms how people work together. Augmenting our talk with Charlie Green in episode 36, Andrea helps us take a deep dive into the foundations of trust for us to accomplish this.
 
Building trust can feel risky. It requires shedding protective mechanisms to reveal vulnerability and, as a result, make human connections. In the workplace this often spurs fear. After all, it can be a tough balancing act to appear competent and set professional boundaries while also taking opportunities to let our guard down and reveal ourselves. Fear also inhibits true connection because it magnifies self-orientation. We can’t truly be there for others if we allow our own fear to take hold and guide our interactions.  

As you’ll discover, these 3 elements are interwoven, but when they’re examined, you can see how an awareness of them helps a novel way of working and thriving unfold.

Face fear
[14:37] “Human beings, professionals, struggle with fear…[sometimes] it’s a subtle, insidious force that has us suddenly doing or saying things that maybe aren't the optimal from a trust-building standpoint. But it's pervasive, and I think it's critical for us to attend to…we’ve got to shine some light on it, normalize it, practice ways to manage it and mitigate it, and therefore be able to show up not only more powerfully in a more grounded and centered way, but also more courageously.”
[28:01] “So think about it, when we're in a fear-based place, even if it's subtle, the ability to really tune in to another human being is compromised.”

Intimacy builds a safe haven
[31:16] “In looking at the data we've collected over more than a decade now, those with the highest intimacy scores tend to also have the highest trustworthiness scores…
“If there isn't safety in a relationship…if you're my client, what's the likelihood that you're going to disclose to me or even be willing to explore with me the real issues? What really needs to be attended to? What you're really concerned about are what your fears are.”

Generosity: The antidote to fear
[39:51] “Be willing to give stuff away. Give away ideas. Give things away. And that doesn't mean not valuing your services [or] charging appropriately for your services. But one of the best ways for people to have an experience of who you are is to get a little taste of it. So why not be willing to invest, give them a little demo…a way of getting to know you, who you are, and what you're capable of.”

Resources:
Linked In: https://www.linkedin.com/in/andrea-howe-she-her-22a105/
Trusted Advisor Associates: https://trustedadvisor.com/
The Get Real Project: https://thegetrealproject.com/
(Upcoming Webinar): https://trustedadvisor.com/webinars
The Trusted Advisor Fieldbook: https://trustedadvisor.com/books/the-trusted-advisor-fieldbook

Episode 36: A Way of Being for Sustainable Sales Success:  Focus on Trust, Courage, Intimacy: https://rise-leaders.com/podcast/?ppplayer=2166354b3000fc311ad1272907939efb&ppepisode=abad7dfecb82a6462b25f83e0101fc4d
Trust Equation Guide: https://rise-leaders.com/trust-equation-guide-2/ 

 

To subscribe to the Rise Leaders newsletter for more resources:
https://mailchi.mp/426e78bc9538/subscribe
To discuss executive coaching, leadership development program design, and workshop facilitation, please visit:
https://rise-leaders.com/contact-info/

#36:  A Way of Being for Sustainable Sales Success:  Focus on Trust, Courage, Intimacy

#36: A Way of Being for Sustainable Sales Success: Focus on Trust, Courage, Intimacy

March 23, 2021

The goal of most sales books and training programs is to get more sales. The goal of trust-based selling is to help the customer…The paradox is that if you abandon attachment to the sale as the goal and instead do the sale as a fortunate byproduct, you'll actually do better.” - Charles H. Green

The trust equation
How do we measure trust? In sales and marketing, the fundamentals of interpersonal trust haven’t changed despite the digitization of the past 20 years. The mediums may change, but ultimately, it’s about people connecting with other people. While that sounds simple, in practice it can be complicated. That’s why Founder of Trusted Advisor Associates Charlie Green has distilled the elements of trust into one equation.

Charlie delves into how building trust is a boon to interpersonal and even organizational success. In our conversation, he explains and gives examples of each element of trust, the trends he sees in his work with business leaders, and how showing up for relationships authentically better serves others in the end.

Myths of trust:
[15:56] “ [that] trust takes a long time to build and a moment to destroy. Time is not the issue. Courage is the issue. It's the ability to react appropriately to the other person in the moment.”

Trust helps you serve better:
[18:07] “The problem is never what the client said it was in the first meeting. And that's not the fault of the client, they're trying to do their best job of defining what the problem is and have all their own unconscious biases…but the magic that happens between seller and buyer, if it's done right, results in a higher-level, more complex, more accurate shared problem definition. And that's a very valuable part of the consultative relationship, coming to a shared definition of what really is the problem.

Position yourself to earn trust:
[27:45] “We've all had conversations with people who are checked out, and you can feel, 'they're not paying attention to me', 'they don't care what my answer is to this'…and we don't trust those people. On the other hand, if somebody does us the grace, the dignity, the honor, the respect of actually paying attention, we’re drawn to those people. And we reciprocate and listen to what they have to say. It's a matter of respect, in a way.”

Resources mentioned in this Episode:
https://trustedadvisor.com/ videos, articles, etc.

The Trusted Advisor 20th Anniversary Edition

https://trustedadvisor.com/books
 
https://www.edelman.com/trust/2020-trust-barometer

www.rise-leaders.com/podcast Episode 17: Building Trust at Work:  The Trust Equation

https://rise-leaders.com/trust-equation-guide-2/ Trust Equation Guide

https://www.linkedin.com/in/charleshgreen/

To subscribe to the Rise Leaders newsletter for more resources: https://mailchi.mp/426e78bc9538/subscribe

To discuss executive coaching, leadership development program design, and workshop facilitation, please visit:
https://rise-leaders.com/contact-info/

#35 Solving the Virtual Distance Crisis:  It’s All About Connection

#35 Solving the Virtual Distance Crisis: It’s All About Connection

March 9, 2021

“Think of virtual distance as an unconscious sense of social and emotional detachment that starts to grow. As we use more and more computer-mediated communications, it shows up as changes in our behavior because we don't feel as close to people, but we may not realize that it's happening to us.” - Dr. Karen Lojeski

Perhaps you can relate to the scenario where we’re answering emails and get stuck in the “mind fog.” You might be distracted by other tasks that await you, or you’re wondering whether you’ve interpreted the sender’s email tone correctly.

Over time situations as these reveal that there’s so much lost in virtual interaction, a lack of focus and context that’s valuable in building trust.

This fog between people that results from our increasingly virtual world is what Dr. Karen Lojeski calls virtual distance. It’s the loss of context around interactions that we naturally get from being in the same physical environment, helping us understand what someone means and how they feel. Ultimately it distills human connection, which is critical to our wellbeing as a species. Karen’s computer science background led her to seek out quantifiable data around this phenomenon and how awareness of it can promote a human-first approach in the workplace.

The Impact of Virtual Distance is Measurable

“What we know through the math is high virtual distance is the statistical equivalent of not only low trust, but distrust… But when you manage virtual distance and bring it down, which we can predictably do with specific techniques and prescriptions, trust turns into good trust, and it also builds, and you can get very strong trust.”

“We measure 10 outcomes – things like job satisfaction, employee engagement, etc., and innovation and revenue increases or decreases. So we do measure very tangible outcomes. And when virtual distance is high, it usually has a negative relationship. So if it's high, then you get lower trust and distrust, lower job satisfaction, lower employee engagement.”

The Importance of Human Connection

“The bottom line is, the worst thing you can do to a human being is put them into an isolated situation. It's just, it's before food before water, we need each other. And then if we're with someone else, it's easier for us to find food by water, and to be okay and to feel okay.”

Business Success Requires an Open Heart

“We've just developed bad habits and forgot that it's not just the number on a balance sheet that counts, it really is the people… The first thing you have to address is the fact that it's really there, that people are really in need of leadership and some help on a human level. And the best way to control your future business trajectory is to open up your heart.”

Lean In: A Need for Connection

'We are all sharing this context. So that's one thing leaders need to understand is to lean into the crisis, and talk about it and discuss it and make room for that discussion in business so that people can share whatever it is they can over online means.'

'People right now are psychologically retreating from other people, because we have to stay safe and healthy. But that habit is going to take a while to break... leaders, we should be planning for it. We should be thinking through this and saying, we're actually going to have to help people come out of their shell, and feel more comfortable being exposed to other people, again, as long as it's scientifically safe and healthy to do that. But we may actually see new types of training, ... we're adapting to stay alive and to stay safe. But we're sort of maladaptive to human social contact.'

Resources in this episode:
https://virtualdistance.com/
https://www.linkedin.com/in/drkarenlojeskivirtualdistance/
https://bookshop.org/a/16835/9781119608592*
*By purchasing through Bookshop you'll support local, independent bookstores. Rise Leaders is an affiliate and may benefit from your purchase.

To subscribe to the Rise Leaders newsletter for more resources: https://mailchi.mp/426e78bc9538/subscribe
To discuss executive coaching, leadership development program design, and workshop facilitation, please visit:
https://rise-leaders.com/contact-info/

#30. Local Economy Multipliers | Michael H. Shuman

#30. Local Economy Multipliers | Michael H. Shuman

December 1, 2020

Shop local is a mantra we’re hearing – and hopefully practicing – more often these days. Did you know we can also invest local? Michael H. Shuman is an expert in local economies. He’s a lawyer, economist, entrepreneur, author and activist when it comes to local. We cover the positive social and economic impact of local investment and talk about challenges and new solutions local business owners face. Hint: those that innovate – teaming up with like-minded small businesses in their vicinity, crowdsourcing, engaging their customers – are more likely to thrive.

Finally, the ability to invest in local businesses through self-directed IRAs and solo 401(K)s is becoming easier and provides a bridge between investors and local business owners.

 

“Local businesses spend more of their money locally, and with those local relationships, what happens is that money stays in the economy. And you get the multiplier effect, which generates more income, wealth and jobs.”

– Michael H. Shuman, Director,

Neighborhood Associates Corporation

 

The symbiosis between local business and their neighborhood

[10:06] “Regression analysis of communities across the United States [shows] that in those communities with the highest density of locally owned business, there’s the highest per capita job growth rate. And another study from the Federal Reserve in 2013 shows that when you look at counties across the United States and those counties with the highest density of locally owned business, there's the highest per capita income growth rate.”

[11:03] “They are part of [communities] through volunteering, working through schools, supporting schools, etc. And it shows that in communities with a high density of locally owned business, there are higher rates of volunteership higher rates of voting, higher rates of engagement, and charities, higher rates of social stability.”

Strength in numbers

[12:46] “My biggest piece of advice to a local business proprietor is, stop acting alone, you don't have the bandwidth to do everything you need to do to succeed. What you do need to do is bring in partners…partners in your ownership. I would bring in some of your customers as co-owners of your business, and also as helpers in the decision-making of your business.”

[28:16] “It's pretty hard for one local business, especially a small one to take this initiative on his or her own. But if you have a collection of 20, or 50, or 100, businesses working together, these are problems that can be solved. The COVID-19 pandemic has been an invitation to local businesses who've been struggling to think about how to pursue their business model a little bit differently, a little bit more collaboratively.”

Female and minority-owned businesses are setting new standards

[16:18] "What we've seen with investment crowdfunding is that half million Americans put about $370 million into 1500 businesses. The most disproportionately successful businesses have been those run by women and people of color, those are the ones who have welcomed in grassroots ownership, grassroots partners. And also it represents the people who were locked out of the conventional capital markets. All of these outgroups are innovating in a different and exciting way."

 

Michael H. Shuman's website and more resources:

https://michaelhshuman.com/

https://twitter.com/smallmart

https://www.facebook.com/MichaelHShuman

 

By purchasing through Bookshop you'll support local, independent bookstores. Rise Leaders is an affiliate and may benefit from your purchase.

Put Your Money Where Your Life Is: 

https://bit.ly/3oevBNL

The Local Economy Solution: 

https://bit.ly/3o65c4u

Local Investing Groups & LIONs:

https://bit.ly/397Js45

Interview with Turn's founder Lauren Clarke:

https://bit.ly/3o0sx7C

Rise Leaders' newsletter:

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