Ten Business Lessons Learned Along the Way

10 Business Lessons from a 35 year, but continuing and still learning career

Transcript

1. Ten Business Lessons Learned Along the Way 35 Years and Still Learning Dr. Mike Schoultz
2. Lesson 1 Always put your people first
3. The Disney Culture “You can design and create, and build the most wonderful place in the world. But it takes people to make the dream a reality” - Walt Disney
4. “You have to treat your employees like customers.” —Herb Kelleher, complete answer, upon being asked his “secrets to success” Source: Joe Nocera, NYT, “Parting Words of an Airline Pioneer”
5. Lesson 2 Be a talent hound and put priority on finding the best people
6. “Development can help great people be even better but if I had a dollar to spend, I’d spend 70 cents getting the right person in the door.” —Paul Russell, Director, Leadership & Development, Google
7. Message: Some people are better than other people. Some people are a helluva lot better than other people.
8. Lesson 3 Build on your strengths … work around your weaknesses
9. “ Honor individual differences. Take people as they are. Don’t attempt to change or manipulate them to be like or to be someone else” - Warren Bennis
10. “…effective executives do not start out by looking at weaknesses. You cannot build performance on weaknesses. You can build only on strengths. Make weaknesses irrelevant.” - Peter Drucker
11. The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it. -Michelangelo
12. Lesson 4 Keep it simple in everything you do
13. “Simplicity is the ultimate sophistication” - Steve Jobs
14. Making the simple complicated is commonplace; making the complicated simple, awesomely simple... That’s creativity!
15. Lesson 5 Be a change agent … anticipate and embrace change
16. When the winds of change are blowing, you can either build a shelter or a windmill.
17. Re-invent constantly … lifetime learning
18. "I am always doing that which I can not do, in order that I may learn how to do it." - Pablo Picasso
19. The Importance of Continuous Learning The U.S. Department of Labor estimates that today’s learner will have 10-14 jobs … by the age of 38!
20. “It is not the STRONGEST OF THE SPECIES that survives, NOR THE MOST INTELLIGENT, but the one MOST RESPONSIVE TO CHANGE” - CHARLES DARWIN
21. Lesson 6 Make listening your core competence
22. It was much later that I realized Dad’s secret. He gained respect by giving it. He talked and listened to the fourth- grade kids in Spring Valley who shined shoes the same way he talked and listened to a bishop or a college president. He was seriously interested in who you were and what you had to say.” Sara Lawrence-Lightfoot, Respect
23. Lesson 7 Relationships are what count
24. Why does a customer choose you instead of your competitor?
25. 1. Trust 2. Confidence 3. Strength of relationship
26. “The key is to be part of peoples lives. People will always prefer to do business with friends” - Marty Kohr
27. Lesson 8 Be different to stand out and be heard
29. Lesson 9 Live your passion
30. “People want to be part of something larger than themselves. They want to be part of something they’re really proud of, that they’ll fight for, sacrifice for , trust.” —Howard Schultz, Starbucks
31. Lesson 10 Don’t fear failure
32. “ You miss 100 percent of the shots you never take" - Wayne Gretsky
33. To avoid situations in which you might make mistakes may be the biggest mistake of all. -Peter McWilliams
34. We learn from our failures. Period. Failure to acknowledge failure is a fatal disease. Treating failure like a disease is a fatal disease. - Tom Peters
35. Explore … “ Only those who risk going too far can possibly find out how far one can go .” - t. s. elliot
36. In the new era of business and social, playing it safe is the riskiest choice of all.
37. FINAL THOUGHTS
38. “ Twenty years from now, you will be more disappointed by the things you didn’t do than by the ones you did do. So throw off the bow line. Sail away from the safe harbor. Catch the trade winds in your sail. Explore. Dream. Discover.” - Mark Twain
39. Stay Hungry. Stay Foolish. Steve Jobs
40. About Dr. Schoultz Dr. Schoultz has thirty five years of business development, marketing, technology, and business operations experience. He served as VP / President of Distribution Technologies, a company he helped to found and grow to a 700 M + / year market leader. Dr. Schoultz Ph. D. is from the University of Virginia. CONNECT THE DOTS CONSULTING
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