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Category: questions

From Entrepreneur to Empowerer

Posted on by Nirmal Thapa

How can entrepreneurs grow their startup?

The qualities that help entrepreneurs start their businesses might not be the same that will help take the startup to the next level.

There will still be challenges that entrepreneurs will face when they have hired all the “right people” for the different roles of the company. If the entrepreneurs continue to become heavily involved in decision making of the different functions even when they have put “right people” in those positions, the company will be limiting itself. The entrepreneurs’ efforts might actually be counterproductive then.

For entrepreneurs to grow their company, most times they themselves become bottlenecks to the growth. It’s time to switch from being an entrepreneur to becoming an empowerer (one who empowers others to do their best). If entrepreneurs have empowered other leaders in the best way possible, the company will experience growth in many ways.

3 A’s to greatness

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Awareness. Action. Automatic.

Awareness is the first component of becoming great at a skill or craft.

Once awareness is established, action is needed to intentionally practice and work on the skill or craft.

After taking consistent action to get better, the skill or craft becomes automatic.

Working those muscles

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Being more creative, more inquisitive, more evolved requires working with intention on those creative/curious/reflection muscles.

If you want to be more creative, keep challenging yourself to think outside the box, look for different ways to solve the same problem or spend time around “creative people.”

If you want to be more inquisitive, keep asking questions, look for follow up questions and learn from others who have the knack for asking good questions.

If you want to be more evolved as a person, invest in yourself and reflect on your emotions, feelings, and behaviors.

When you keeping working on the “muscle/craft” you want to become better at, you will be skilled in it overtime!

What’s your authentic greatness?

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Authentic greatness is about realizing your individual uniqueness, purpose and living a fulfilling life daily.

Each of us is gifted with a talent and our purpose in life is to find that and live our life through it.

Some of us find our purpose early while others find it later. However, one of life’s goal should be to discover our purpose at our own pace.

imagine a world where each of us realizing our beautiful purpose and living life through it. The world would be even more amazing and lively.

Beyond the Comfort Zone

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In our comfort zones, we tend to feel at ease, almost no anxiety, stress free, and safe.

In the boundaries of our comfort zones, we tend to feel some or a lot of anxiety, stress, and get defensive.

Do we all have comfort zones? If so, do we stay in those zones or go beyond them?

Of course, we all have our comfort zones in different areas of our lives and activities that we do. As humans, we operate from a place where we make decisions from what we know, feel comfortable doing, and go about our personal and professional lives.

However, if those same comfort zones are limiting our own growth or from allowing us to reach our full potential, wouldn’t we want to go beyond them?

Imagine you have been selected as a member of your varsity basketball team. Your basketball coach sees a lot of potential in you and provides regular feedback. There are parts of your game that are already good and you capitalize on them. Then there are other parts of your game that you are not mostly aware of but your coach sees where and how you can improve on them. After each varsity practice, the coach comes up to you and gives you constructive feedback on your improvement areas. You listen to the coach but you are not REALLY LISTENING to your coach. You have a feeling that you are already good in certain areas and that’s the part the coach should praise you on. Yet here you are listening to the coach just talking about where you can be in the future and keeps going on and on the improvement areas, not so much your strength areas. After a few of these feedback sessions, you finally get the urge to just tell the coach that you are doing everything you can and get defensive because you don’t feel appreciated or valued by the coach. You have excuses and don’t take any responsibility or ownership.

Now what can happen next?

As a player, you can reframe the conversation with the coach as a way to see that the feedback is for your own growth and if you have want to reach the next level, you should do the activities the coach recommends you to do. Or you can stay defensive and feel entitled to think that you have already reached your potential and the coach doesn’t see that? Or just quit the varsity basketball team?

Comfort zones are there and will continue to be an integral part of each of us. Yet, if you want to live out your AUTHENTIC GREATNESS, how often will you push yourself out of your comfort?

A recommended read related to this topic “How to Leave Your Comfort Zone and Enter Your ‘Growth Zone“

Transitioning from an employee to an employer

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Entrepreneurship can be a beautiful journey.

Many individuals enter the workforce and work for several years before striking out on their own. Some individuals go straight into entrepreneurship before working for anyone else. There are several questions/scenarios that an aspiring entrepreneur(s) considers when deciding to stay in the current job (if working) to going completely in on their business opportunity/venture.

Few of the questions that can come up during this transition phase are:

Is this the right time to quit the job and focus completely on the business opportunity/venture?

Do I really need to quit my job to work on this business opportunity? Can I do both at the same time if I prioritized my time better?

What is the minimum monthly revenue I should be earning from my business before leaving my job to do the venture full-time?

How will I manage my daily/monthly/yearly expenses before the business really takes off?

When will I realistically get my first customer?

At what point will I actually make more money from doing entrepreneurship than when I was working for someone else?

There’s no exact science or art in when the best time is to launch a business. People launch businesses at all different times/seasons/economic cycles etc. Companies have started in recessions, economic growth cycles, pre-Covid era, during Covid era, post-Covid era. Here are some numbers around Small-Business Statistics. Note that 4.3 million new business applications were filed in 2020.

Is success really “self-made”?

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We often see the below headline in the media (blogs, magazines, articles etc.) to describe an individual or founders’ success.

They were self-made billionaires. They were self-made entrepreneurs.

Then the rest of the media coverage goes something like this…

Person A’s company is now worth a billion dollars. Having started in her garage four years ago, Person A has disrupted the industry and won every industry award.

Person B had a dream to change the industry and with another co-founder, they developed a MVP over a weekend. Now their work has become an industry standard and they are pioneers in helping to move the industry forward.

Using the word “self-made” to describe individuals running successful organizations does not provide the full picture. We have fallen so much in love with the narrative of a solo entrepreneur or visionary who did it all. From having nothing at all to now running one of the biggest so and so company in the world. However, it’s rarely one individual who does everything and becomes successful. There is always a team who is helping to run the company and making sure everything is operating as smoothly as possible. That team could be a handful of individuals or a few hundred or thousand. Yet the credit or the media coverage usually goes to the founder(s) who took the risk, “sacrificed” almost everything, and made an impact.

Maybe it’s about time we find a different word to describe this type of success than calling them “self-made.”

What’s a word that celebrates the individual’s work plus highlights the contribution of the team?

the “perfect” work

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Seth Godin’s blog today was Unbeatable vs Perfect. In it, he states that Google has killed more than 200 projects over the last few decades. They fail all the time. MORE THAN 200 PROJECTS!!!

Over the years, I knew Google discontinued a few products/services here and there but did not expect more than 200. Often we see a company, professional, or industry expert present an almost “flawless” or “perfect” product/service out in the world. We expect our work to be like theirs or close to it as possible. We forget that we are on our own journey to greatness. There is no need to compare, contrast, or feel deflated. What you can do from the work you see out there is to draw inspiration, motivation and keep going at your pace. There is “never” a perfect version of something and there is “always” room for improvement.

If Google waited for the “perfect” project/product/service to ship, we won’t be talking about them in 2022. They launched in 1998 and are still relevant to us more than ever before!

Also if I waited for the “perfect” blog to post, this post would be in my Drafts and you won’t be reading it at this moment. Thanks for reading my “not-so-perfect” blog.

What will your Ted Talk be about?

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Imagine receiving an invitation to give a Ted Talk. What will your Ted Talk be about?

Each of us have unique experiences in the world and these experiences shape our perspectives, thoughts, and behaviors. Each of us has an authentic story and it deserves to be heard. There are many platforms out there to share your story and Ted is one of them.

In your Ted Talk, what will you focus on? what stories will you share? what experiences have shaped who you are today? If you had only 15 minutes stage time, how will you use that time effectively? What is your gift to the world?

Handling dissatisfying situations

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In Albert Hirschman’s book “Exit, Voice, and Loyalty: Responses to Decline in Firms, Organizations, and States” he mentions that there are four different options for handling a dissatisfying situation.

Decades of research show that you have a choice between exit, voice, persistence, and neglect. Exit means removing yourself from the situation altogether. Voice involves actively trying to improve the situation. Persistence is gritting your teeth and bearing it. Neglect entails staying in the current situation but reducing your effort.

How do you respond to dissatisfying situations?

Text reference: Originals How non-conformists move the world by Adam Grant

The creative narrative

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“She is so creative.”

“He is really creative.”

“That’s the creative team.”

Creativity is hard to define. Each one of us is creative – that creativity can be seen at our homes, workplaces, the hobbies we have, the activities we do, and it can be anywhere and everywhere.

What type of environment helps in facilitating creativity could be a more interesting question to ask. In my experience, the initial moments of feedback given to an individual who is exploring her or his creativity is critical. In those initial moments, the words and behavior (feedback/response) absorbed by the individual will shape how he or she sees creativity and the world around them. These earlier experiences can form a narrative and a fixed or growth mindset can be set towards creativity which can have a profound effect in the individual’s ensuing years. Creativity is a muscle and it gets better through exercises and engagements.

All of us are creative in our own unique ways. Change the narrative, change the outcome!

Curiosity is its own reason

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Albert Einstein once said “Don’t think about why you question, simply don’t stop questioning. Don’t worry about what you can’t answer, and don’t try to explain what you can’t know. Curiosity is its own reason. Aren’t you in awe when you contemplate the mysteries of eternity, of life, of the marvelous structure behind reality? And this is the miracle of the human mind-to use its constructions, concepts, and formulas as tools to explain what man sees, feels and touches. Try to comprehend a little more each day. Have holy curiosity.”

Quote as mentioned in Mastery by Robert Greene

Then what else do you see, Arjuna?

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“What do you see?” I see the eye of the bird.

“Do you see the tree?” No.

“Do you see the branch?” No.

“Do you see the bird?” No.

“Then what else do you see, Arjuna?” Nothing, I see only the round black eye of the bird.

Excerpt from The Mahabharata – A conversation between Arjuna and Dronacharya

Your company’s “Chief Question-Asker”

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“The most important thing business leaders must do today is to be the “chief question-asker” for their organization” says Dev Patnaik of Jump Associates.

Patnaik says that “the first thing most leaders need to realize is, they’re really bad at asking questions. The business executives rose up through the corporate ranks because “they were good at giving answers. But it means they’ve had little experience at formulating questions.” Without the company leadership setting the tone and culture to the rest of the organization that asking questions are important and critical to the business growth, it’s no surprise that the employees are not asking any or enough questions. If the employees who understand the company’s products/services are not asking any or enough questions to the customers/end users for feedback, or asking questions to explore new products/services in the market, the company will become stagnant and the competition will take over.

Adam Bryant, The New York Times Corner Office Column writer says that “the best leaders understand that asking open, exploratory questions can help them figure out what’s coming and where new opportunities lie, so that they can lead their company in new directions.” Leaders have to show vulnerability and humility to ask questions which is more important than upholding the persona of the leader who must “be all-knowing, decisive, and in possession of infallible gut instincts, all of which leaves little room for questioning.”

Are you the company’s “Chief Question-Asker”?

Quotes are from “A More Beautiful Question” by Warren Berger

What’s your dominant question?

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Jim Kwik, author of Limitless says a dominant question is the thing we keep asking ourselves, over and over throughout our day. It’s what drives our decisions in the moment and focuses our obsessions when we’re alone. He says the dominant question feels permanent but it is not.

“The questions you ask yourself will shape your life.” – Jim Kwik

In Entrepreneur magazine (June 2021), Jim shares his experience working with the actor Will Smith. They realized that Will’s dominant question is “How do I make this moment magical?” Jim recalls “One night, he was with Will Smith and his family on a movie set and it was 2am and everyone was freezing. He starts making hot chocolate for everybody, even though there’s a crew there that does that for them. He starts bringing us blankets. He starts cracking jokes. He starts telling stories. And I realized. He’s living his dominant question.”

2 WAYS TO FIND YOUR DOMINANT QUESTION according to Jim Kwik
  • Review 

Listen. Reflect on your thoughts, listen to your inner talk. Sit in silence. Silence isn’t empty, it will be full of your own questions.

  • Record

Journal every day. Review and record your day, and you’ll start to notice patterns skewing towards the things you find important in your life.

Read more at Discovering Your Dominant Question

Useful resources on curiosity and questions

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Articles/blogs:

The DNA of the World’s Most Innovative Companies

Curiosity is a Must-have Skill

The Business Case for Curiosity

Forget Brainstorming. Try Questionstorming

Why must businesses step back in order to move forward?

Videos:

How to Ask Better Questions | Tim Ferriss

The Truth about Being the “Stupidest” in the Room | Simon Sinek

Podcasts:

Cal Fussman’s Big Questions podcast

The Career Contessa Podcast

The Tim Ferriss Show

Akimbo A Podcast from Seth Godin

Others:

The Right Question Institute

A More Beautiful Question

This list will be continuously updated. Please share any resources that can be added to this list.

What’s your energy focused on?

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Your energy has immense power. What you put your energy into will create the results accordingly. Being aware of your energy, focusing the energy on your important goals and priorities, and taking utmost care of your energy is crucial to achieving success and getting the results you want.

The Law of Attraction is based on the belief that thoughts are a form of energy and that positive energy attracts success in all areas of life, including health, finances, and relationships. If your mindset is about positive energy and thoughts, it will lead towards positive results and vice versa.

As a salesperson, instead of focusing the energy on only your personal goals (earning high commission and getting a sale as quick as possible), if you focus your energy on actually helping the customers solve their problems and get what they want, the results can be phenomenal. As a manager, if your objective is only about achieving your personal goals above your team’s goals, then you will face continuous challenge. As a coach, if you want to achieve greater success as a team, you have to put the team’s goals ahead of your own. When the focus is on only your personal goals, your drive, motivation and energy will all follow accordingly and you might face more challenges along your path to success. When there is wholehearted focus on your customers’ goals and also your personal goals, the results can be remarkable.

When I approached the day with a single goal in mind and the right energy, I was able to achieve greater success. With a singular focus and making it a priority to helping my customers get what they want, I was amazed to see the overall results. What I focused my energy on completely changed the day and the results I got.

So what’s your energy focused on?

Books that inspire asking questions

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Here are a few books that I found to inspire each of us to ask more questions. These books delve into the power of asking important questions, questions that can change the direction of a person, group, or company and provide insights into using questions as a helpful guide in our personal and professional lives.

Feedback for growth

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Growing up in a household or being in an environment where you get mostly or only positive feedback, you will expect that type of feedback in all areas of your personal and professional life. How helpful is the (mostly or only) positive feedback for the person receiving it in the long run? Is that positive feedback motivating the person or setting up expectations/beliefs that are not really assisting her or him? If only positive feedback is being given by a coach to an athlete/by a parent to a child/by a manager to an employee, then it can be more counterproductive than productive.

Constructive feedback is better for us. We need to know where we are good at and where we need to improve. When we get feedback of our strengths and improvement areas, we can allocate our time, energy, and focus accordingly. If we become tempted to create a perfect world of positive feedback from coaches to athletes, parents to children, and managers to employees, we are being in the fixed mindset. It’s important to adopt a growth mindset which “leads to a desire to learn and therefore a tendency to embrace challenges, persist in the face of setbacks, see effort as the path to mastery, learn from criticism, find lessons and inspiration in the success of others. As a result, they reach ever-higher levels of achievement” (Carol S. Dweck’s Mindset: The New Psychology of Success)

How are you using the feedback you are getting?

Asking questions to understand better

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Simon Sinek, author of Start With Why and other books says that “asking questions doesn’t mean you’re the stupidest person in the room; it usually means you’re the only one brave enough to speak up.”

Some of the reasons why we aren’t asking enough questions even when we don’t understand the topic of discussion are the beliefs/thoughts/internal questions we have going in our head:

By asking this question(s), will it make me look “stupid”?

Would I look like the person who doesn’t understand this topic if I ask this question?

It’s actually not relevant to me at all so why ask this question.

I am the “expert” or “smartest” person in this room. Why ask questions and make myself look like a beginner?

Do I have the “authority” to ask questions in this group or in this context?

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