The Two Best Shark Tank Questions

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If you love the show Shark Tank, you know there are some great personalities and entrepreneurs who headline the show.  Mark Cuban, Mr. Wonderful, Robert Herjavec, Damond John, Lori Greiner, and Barbara Corcoran.  Each world-class entrepreneur has a unique story of what got them on the stress-enduced ABC stage. They also have a simple and fundamental understanding of what works and likely what doesn’t when they evaluate prospective deals.

Watch every episode and you’ll come away with two questions:

  1. What are your sales?
  2. What does it cost you to make/distribute/service your product (i.e. profit)

No sales. No deal.

The more my career evolves, the more I understand there is no value, zero, without a sale created.  Ironically from a “sales guy’s” perspective I didn’t understand this right away in my early 20’s.  I loved marketing, the style, the brand identity, value and overall quality design big projects yielded. That said, sales make the world go round and everyone (EVERYONE) has something they’re selling.

The sharks know, if you don’t have sales, they don’t have an offer.  Goodbye!

If you’re not selling, you’re sold to the fact you’re stuck.

Step back and think of everyone selling something today…not who you think:

  • Presidents of colleges are selling their institutions of higher learning for grant money and talented professors
  • Parents sell their children nightly on the value of homework and good decision making
  • Nonprofits sell their ideology to prospective donors
  • A mid-level marketing manager is selling a new idea to his boss to drive more market share.  His commissions: $0
  • College coaches out on the recruiting trail are selling their school, their knowledge, and their vision for the future
  • A new pilates instructor is selling prospective students to fill up her “pilates for moms” 6-week evening class
  • I’m selling my blog and my ideas.  The ideas that will make you a healthier, wealthier, and more fulfilled life.

If for some reason you don’t like the word selling, immediately start getting comfortable with the word: influence.

Your ability to influence, directly impacts your ability to achieve, advance, or crush your goals.

ACTION ITEM: If you find yourself in a position of not getting what you want, or what you think you deserve, find your way back into your passion and selling/influencing an idea. Creating opportunities for your team, company, or even yourself will get you what you’re looking for!

Live Your Eulogy

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This is an interesting topic and somewhat morbid to be totally candid.  But I couldn’t get it out of my head this last week given a couple books I read.

How Will I Be Remembered?

For some reason, I spent a great deal of time thinking about what this all looks like 60+ years from now?  Can I make it to 93? I’m not sure, maybe another topic for another time.

I don’t mean for any of this post to relate to my life’s achievements or accomplishments.  Although I don’t think that is a terribly bad thing, I was thinking specifically about legacy. It’s one of the only true things you can leave behind (and not be taxed).

There is something really simple and beautiful about this thought process to me. Once you wrestle with the idea for a little bit you come to a striking conclusion. It is the ONLY acceptable answer to the equation called LIFE. The dirt will hit each of us in the face. Some will meet it with grace and some will meet it suddenly and unexpectedly. Either way…life expires.

The fear isn’t the part that draws my attention.

My attention was and is focused this last couple weeks on legacy. The cool thing is when the thoughts start, everything else becomes entirely trivial with our day to day lives. Think about it. What did I do today that really mattered?  If not selfishly for me, for someone else. Now ask yourself again, what is really important and does it directly relate to what you accomplished today?

What replaced the trivial thoughts (today’s insecurities) were some great questions.

  • What would the people close to me say about how I lived?
  • Is there a chance I was able to help this person, push them, or make them better?  If so, how?
  • Would a stranger I just met have good words or a positive story to share with my son as an example of how I lived?
  • Did I leave the family in a better place?
  • What can I change TODAY…right now if I didn’t like the story?

Once again, I really don’t know why this came about, but I’m happy it did.  I think the thoughts are healthy and allow a person like myself who doesn’t take much time to slow down to almost stop and consider how they’d like to be remembered.

The way a person is remembered is directly attributed to the day to day.  Small efforts, magnified over time.

In a weird way its a goal I’m in pursuit of.  Trouble for all of us is, we don’t know when it will be.  Or maybe that’s exactly where the beauty lives. So until then, I’ll just have to put the work in every day and the legacy will take care of itself.

ACTION ITEM: Look at a story of a life well lived.  I don’t care if the person lived to be 25 or 105.  If you can define the life well lived, you have a legacy to pursue.

 

Discipline of Incremental Growth

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Do you know how many people really “get rich quick?”

A few lucky people every year win the lottery. One slip of paper with the perfect selection of numbers led to a financial windfall and life-chaning funds that could last generations…could.

Sadly, almost 70% of people who come into a lump sum of money (including lottery winners) ended up broke in seven years according to Yahoo Finance.

Seven years!!!  How can that be?

Lets look at a different angle. How about the person so determined to lose a ton of weight that they starve themselves and crash down 40-50 lbs in a very short amount of time. Inevitably what happens next? The weight comes back, sometimes in greater force. The person is left defeated in their failed attempt.

WHY DOES THIS HAPPEN?

It happens because there is zero behavior inline to manage the immediate abundance in the lottery example. Zero behavior in place to continue on a healthy path to keep the weight off. None of this means I don’t want you to be rich or lose a substantial amount of weight.  It means there is a piece we’re lacking in this: free one day shipping, :60 second meal, six-minute abs, speed dating world.

DISCIPLINE

I recently read and shared a terrific book called, “The Slight Edge” and shared it on my Keen Mind Facebook Page. You can download your copy of the book here. I highly encourage you to read it.

Without giving it all away, “The Slight Edge” focuses on, you guessed it, discipline and consistent (albeit small at times) improvement. I believe the author states best, “easy to do, easy not to do” daily activities magnified over time for large gains.

The challenge with this is most of us have zero patience for “small” or “consistent” improvement. We want to get it ALL and we want it NOW. But once again, this rarely EVER happens. Ever! We all want 0—>100 real quick!

How could this impact your retirement?

Ask a wise financial advisor, “What is the #1 reason most people never reach their retirement goal?” Answer: They started too late. It’s not that they didn’t make enough money, which you would think would be a prime factor. It is, but after a short while the dollars invested can’t replace time.

Why is this important? Because the slow and incremental growth of the stock market has proven to yield large returns but only after the first 15-20+ years of investment. Take away the first 20 years of saving discipline and what do you have? A job in your seventies to pay the bills, that’s what. Happy retirement 😉

I’m fighting this now personally with fitness. I’m working to get back into what I consider really good shape. I used to be able to dunk a basketball, run miles, or do endless pushups and pull-ups. Sadly, I lost the discipline and focus on the incremental the last couple years. Now I’m getting back on the horse to achieve these goals again, but its going to take patience, discipline, focused and continued energy, and incremental growth. And pain, so far, pain.

Think about this…In either case, my discipline won.

My discipline won. Really think about it. You’re either disciplined to achieve a goal, or disciplined to NOT achieve it with inactivity.  Feels kind of different when put this way doesn’t it? When I think about being disciplined with inactivity toward a target I get pretty fired up to get moving immediately.

Many small actions, compounded over time, yielding tremendous results.

ACTION ITEM: Focus on the long game. The benefit in adopting the behavior and creating the habit will yield the truly lasting benefits of not only the desired outcome, but the MASSIVE incremental benefits of the work being done over time in pursuit of your achievement.

Every SEAL started with just one push-up

Mark Devine: SEAL FIT

 

 

Is Colin Cowherd Right Hawkeye Fans?

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If you haven’t heard or seen it, here is a rant by the “somewhat” popular Colin Cowherd regarding the Iowa Hawkeyes and their 9-0 schedule.

You mad bro?

You think I’m mad? I’m a huge Hawkeye fan. I bleed black and gold and will support my Hawks through and through. I must be ready to shout through the roof at this idiot at his under-appreciation for Iowa football.

But I’m not.

Here’s the thing. In the first component of his argument…he’s right. Where are the “great” non-conference games? Historically they’re hard to find. So what. This is a problem I see with our society and it goes all the way to how we vote and who will be in the white house in 2016.

The fact is, I really like Colin Cowherd.

I like his often contrarian viewpoints and his ability to get under the skin of an issue without fear of who he may offend. Has this earned him many friends? I don’t know and I don’t care. I’m sure he has lots of friends. I’d share a beer or glass of wine with him because at least he’s interesting.

The point is, people, society, call it what you want, have to be able to hear an argument, reason with it, and at minimum understand it. Truly digest the point he’s making and not simply react like he’s bashing every Iowan in the face with an ugly stick (this is any stick with an Iowa State logo by the way). See what I did there. Jab jab.

Ferentz is a good guy. He’s a good coach. He also has a 9-0 football team who sits at #5 in the college football playoff rankings ready to pounce. A 9-0 football team with a schedule stronger than many others (to this point) in the season. This season. This year. We’re 9-0. Hopefully it continues.

Enjoy it! This doesn’t happen all the time in Iowa and we better damn embrace it.

Colin’s argument is history. He’s right. So what. Shrug it off.

Our argument is the here and now. Live it, and by all means Iowa football, win out so we can WEAR IT OUT as Hawk fans.

Then we’ll see that happens and what we’re really made of.

Point made Colin. We’ll take it from here.

What I meant to say is….My Life is AWESOME

How often do you feel this is what a person is really wanting to say with a post on social media?  I mean really wanting to say deep down in their gut (where true intent lives)…just as they’re posting 20+ pictures of a sexy SoCal getaway in the hills of Laguna.

My. Life. is. Awesome.

This concept had been brewing in me for a while, and now I’m ready to let it out.

Full Disclosure: My wife and I went to Colorado last week for a little getaway.  Just her and I and no little man.  We went to Boulder, explored the mountains, ate great food, sipped craft beers at local breweries, ate more great food, and really just relaxed and enjoyed each other’s company.  It was a terrific little four day adventure in place we both wanted to explore.

Colorado (13,000 Ft) 2015

Rocky Mountain National Park – Colorado (13,000 Ft) ~2015

What’s my main point in all of this?

It was the right thing for us!

Do me a favor and go to your Facebook page or Instagram account right now!   Tell me what you see.  I bet I can guess.

  • Friends having the time of their life at a big dinner party
  • Tropical getaways
  • Soon to be ski trips
  • Golf trips
  • Unreal sporting events (Cubs Playoffs – I was there too!)
  • Big city living
  • Cabin life
  • Milestone moments
  • Soon to be crazy Halloween parties
  • Friends-giving celebrations
  • and the list goes on.

If you want to spend (waste) at least 30 minutes a day wallowing in your “lack of lifestyle” please go ahead.  Or, you could just as easily decide exactly what it is you want to do and be grateful in that pursuit.  But please, make a decision.  Too many people are unhappy with social induced jealously and choose nothing but more sad scrolling.

Of course, there is this one last entirely crazy option.  You could actually be happy for the people pursuing their lives and dreams.  I mean genuinely, HAPPY!  Give it a try and see how good it feels to be happy for someone else.

To wrap up this rant and to be totally candid, our life is super awesome…to us.  The trips we take are on our list of adventures we want to pursue.  They don’t have to be yours.  What’s that…you want to go camping…in a tent…without a shower?  No thank you, but I hope you have a blast doing it! (and please watch out for the mosquitos and snakes)  Eeeeekkkk!

Does this mean you shouldn’t share pics of your travels?  After all, it’s all about sharing these days right?

Share, share, share away.  If someone else is unhappy for you, it is likely they are unfulfilled in their own pursuits.  I really hope the tone of this message isn’t presumptuous.  My intent is to be real and attack the issue I see all too frequently.

Have we achieved everything we’ve set out to achieve?  Hell no.  Actually far from it.  But that doesn’t mean we’re not attacking our dreams with a plan and expressing gratitude along the way.

What I meant to say with this post is….My Life is AWESOME.  I’m thankful for the crazy wonderful relationships we have and those who we get to share our adventures with.  Be thankful.  It can be gone in an instant.

ACTION ITEM: There is tremendous comfort and confidence gained in pursuit of your lifestyle.  Please make sure you’re not hopelessly following someone else’s destination.

Get To vs. Have To

Last week’s adventure proved a very telling story when forming perspective.  I invite you to join along.

Get To vs. Have To

I Get to….

vs.

I Have to….

I headed to New York City last week on business.  A trip I’ve made many, many times.  I left Wednesday morning and as customary for any time I leave, there is a slight feeling of loneliness and abandonment (from my wife).  I hate it.  Every time.  I’m sure she wouldn’t believe me telling you this, but sometimes I selfishly feel like it’s harder on me.  At least she gets to be there with our son Landon.  Sorry honey.

I’m wishing I was there.  I’m missing putting my son to bed.  I’m remorseful of her doing all the work on her own.  None of this is easy, and deserves a hero’s thank you to my wife or any wife who has a similar challenge.

This is where I personally have to make a choice.  Put yourself in my shoes and tell me how this feels.  Same exact scenario: entirely different mindset.

I HAVE TO…

I HAVE TO go to New York.  I HAVE TO go there, to meet some people to hopefully advance our team’s opportunities and all along, I’m away from my family (which I love).  I HAVE TO deal with a day of travel there and a day of travel back.  The traffic is horrendous and it takes forever to get anywhere on time.  The people are usually less than pleasant.  I HAVE TO stay in a hotel where I know no one and try to find my way around this mega city.  I HAVE TO make these few days go fast. Who wants to deal with this?

Lets take a look at the other perspective.

I GET TO…

I GET TO got to New York City.  I GET TO go there to: meet terrific new people, work with Fortune 100 brands, try new and fabulous food, experience a vibrant city culture (albeit for a few days) and have a blast doing it.  I GET TO be at an exclusive Samsung event where I will be one of only a few hundred people to see their newest devices before they hit stores.  I GET TO be in New York City, the center of the media universe.  I GET TO scope out all the cool places I can take my wife this fall when we make the trip together.  Thanks to technology, I GET TO FaceTime my wife and son every night and at least for a few moments pretend I’m in the same room they are.  I GET TO make the most of this opportunity, because when I do, I know it will pay off.  Who wouldn’t want this?

You may be wondering, where did this come from?  The answer: Thomas Edison.

I heard this story a couple weeks ago while listening to a podcast.  One night while retiring home to his family the brilliant inventor was interrupted by an urgent guest banging at his door.  His factory and research lab was ablaze and couldn’t be stopped by fire departments in the surrounding 8 communities.  His inventions destroyed.  His life’s work in the factory would vanish in the form of smoke and ash.  What did Thomas do?  Would he panic?  Would he burst into tears because his life’s work was certainly destroyed?

He said the following,

Come along quickly kids.  You won’t ever see a fire like this again in your life!

The facts of the matter were as follows according to Mr. Edison.  The factory needed cleaning anyway.  There were numerous piles of scrap and debris that would no longer be a nuisance.  Furthermore, the fire was like no other fire ever witnessed.  The unique blend of chemicals and scientific compounds made for a six story inferno with some of the most lively colors a fire could ever produce.  He wasn’t going to stop the fire, why not make the most of it while it burned.

I GET TO vs. I HAVE TO

Working on your perspective and mindset is like bathing.  You don’t have to do it every day, but those around you sure appreciate it when you do.

ACTION ITEM: Next time you’re on the “Woe is me” train, consider your Get to vs. Have to mindset.  If you’re still stuck, imagine someone else who would desperately love to have the same opportunity.

 

 

Blog bonus: here are a few shots I took from the Samsung Unpacked Event in NYC

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JK Shin. President & CEO of Samsung

 

 

 

 

 

 

 

 

 

 

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Samsung unveils Galaxy S6 Edge+ & Note5

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Hands on device display

 

 

 

 

 

 

 

 

 

 

Samsung Pay

Samsung Pay

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Samsung Note5 Up Close

Three Words Magnetic Teams Know

Three Words

I was having a conversation a week or two ago with a couple of friends about growing business, teams, and the challenges each presents.  We got to talking about how to specifically challenge team members to be great and having each member feeling fulfilled in their career path.  Two big challenges for everyone.  The goal is a team of magnets, pulling each closer together and growing in strength while working with one another.

A question was posed, “How can one person make this happen for 5, 10, 20+ people?  That’s a huge undertaking!”

My answer was three simple and short words.

“Give a shit!”

If a person truly wants to build a lasting team, they’ll give first.  If a person wants to complain about what they’re not getting from their team or team members, I will always challenge to look internally first.  Own up to what isn’t happening and start caring more.

If you’re thinking the answer is too blunt, it probably is.

The great owners, entrepreneurs, leaders, teammates, and coaches, who make great progress with their units, CARE unconditionally for their team.  They invest and don’t always worry about what they can get in return.  There is enough shared confidence in the unit to pay it forward.

Over the years I’ve seen many teams grow, and many die slow deaths with selfish leaders.  The teams who experienced tremendous success and growth looked after one another.  In one powerful instance, I saw a very close team pray together.  If you’ve ever seen this and stood admiring, it is quite a site!  Good work Tim & Corey!

In other successful instances, I’ve witnessed teams push one another toward a shared vision by pulling each other closer to the mission.  In each instance, the team had tremendous vitality and magnetism.  This vitality and magnetism crushes every challenge, competitor, and opportunity in its path.  To push through a challenge, pull the unit together.

In every instance, the successful gave a shit and limited selfish thoughts.

What does this look like in the business world working with cynical consumers everywhere? There is a story circulating the internet about Southwest Airlines.  Maybe you’ve seen it.  If not, it’s worth the read.  Plane has Already Left the Gate, Receives THIS News, Turns Back Immediately.  Someone at Southwest with a heart made the really simple choice to care.

I frequently listen to the audio book, Hyper Sales Growth by Jack Daly.  Jack tells a wonderful story about a time when he was much younger working in a supermarket.  He had an elderly woman shopping for a specific vegetable, and the supermarket was out of stock.  She asked young Jack, “Can you please help me find the fresh spinach?”  Jack’s response (knowing they were out of the leafy vegetable), “Of course, can you give me about 10 minutes and I’ll meet you at the checkout with the spinach?”

What did Jack do next?

He immediately took off to a competing supermarket.  Took money out of his own pocket, bought the spinach (2 bags just in case), and quickly made his way back to the supermarket to meet his patron at the checkout.  “Here is your fresh spinach Mrs.,” said Jack.  This one is on us.  Thank you for the continued support and patronage,” smiled young Jack ear to ear.  He knew he’d done the right thing.  His manager had taught him well.

Is there an ugly side to caring too much?

Of course there is.  Not everyone will care.  You will get your feelings hurt.  Move away from these people quickly and get them the hell away from your unified team.

Have you ever seen a good sports team go out and buy the newest high-dollar free agent on the market, hoping to be great with the addition?  What happens next?  The superstar wants to do it their way, and the culture suffers.  The team is actually worse off.  I’ve seen it too many times.  I’ve tried it.  It doesn’t work.

ACTION ITEM:  You can choose to be the asshole and get what you want…(for a while).  I hope you’re prepared to be hopelessly lonely.  Why not choose caring instead and build something that lasts?

Excuse Me While I Get Offensive

Time to Get Offensive

Offense vs. Defense

Some will immediately say, “Defense wins championships.”  Maybe.  But, I’ll argue truly great offense can’t be stopped.

My personality, my history, my focus, has always been offense.  Yes, this probably hurt me a little in my basketball career, but I’m wired for offense.  Score, score, score, and more, more, more.  It’s who I am. There is no hiding from who I am. Get buckets!

Play more offense

This is why I decided to make a move in my career at the end of 2014.  I needed to get back to playing offense.  I needed to be making more moves and taking a bit more risk. I needed the jolt of uncertainty, a new challenge, and eye-opening experiences of new relationships and new endeavors.

Tim Ferriss recently interviewed Chris Sacca on the Tim Ferriss Show Podcast. (Side note, Chris is a really REALLY interesting and smart dude.  Specifically I’d encourage parents to listen to how he was raised). Sorry, back to the story. I listened to the podcast on my flight back from New York City last week and loved what Chris had to say about two life changing decisions that set him on the wave he’s currently riding today.

Decision Number 1: He chose to get back on offense.  That’s what triggered this post.

Chris has an undergrad degree and law degree from Georgetown.  He spent time at Google in it’s early years, made millions, lost millions, went into debt, and is now worth an estimated $1.07 billion.  Just to clarify the $.07 billion is $70 million if you’re into that.

I have a friend who started the company MMOGM.  Make Moves or Get Moved.  The site says is beautifully.

It started as a slogan.

Turned into a motto.

Bottom line, it’s a lifestyle!

Boom!  Do you think that sounds like playing offense or defense? Do you think these guys needed the approval of the outside world to start this concept.  HELL NO!

To play offense you don’t need to be ready to save the world or start that company. Speaking candidly, I thought long and hard about my decision last year and wasn’t ready…YET.  It didn’t mean I couldn’t continue to play offense.

Coaches hate mistakes.  But, they can live with making an aggressive mistake.   Why?  Because the key word isn’t mistake, it’s aggressive.  Dictate pace.  Force the issue.  Make mistakes quickly, learn faster, and move forward with better direction.

Aggression, energy, motion, and velocity.

ACTION ITEM: More of the gas pedal, less of the brake.

 

 

Read a Book and Disagree With It

Do you like apples?

Read a Book and Disagree With it

My favorite movie of all time is Good Will Hunting.  There’s a wonderful scene in the movie where the main character Will Hunting(played by Matt Damon) confronts a Harvard-mouth poser for reciting lines from historical literature to position himself better in the eyes of a young dame (Minnie Driver).

Will delivers a dynamite quote,

“See, the sad thing about a guy like you is, in 50 years, you’re gonna start doing some thinking on your own, and you’re gonna come up with the fact there are two certainties in life. One, don’t do that. And two, you dropped a hundred and fifty grand on a f—— education you could’ve gotten for a dollar fifty in late charges at the public library.”

What can this possibly teach you?

To anyone reading this with a Harvard education, don’t think for a second I’m demeaning your hard work and investment.  Instead, think about what Will is really saying in the quote above.

It’s really easy to buy a book, consume it, and agree with it’s every word. Genius!  Just the kind of thinking that will solve our problems moving forward.  Maybe you even memorize a few passages along the way.

No.  Challenge the book.  Learn to think critically and develop your own molded viewpoint of the world.

Read many books.  Make many agreements and many disagreements.

ACTION ITEM: This is how you grow.  New viewpoints, challenging opinions, and open thinking.  Just don’t wait the 50 years to do some thinking of your own.

“How do ya like them apples!!!”

1 Minute of Inspiration – From Shia Labeouf

If you had to watch one video today, I highly recommend this one from Shia Labeouf.   It will require only one minute of your precious Sunday afternoon time.

Who doesn’t have one minute?

https://youtu.be/nuHfVn_cfHU

It’s very easy to get caught up in the semantics, delivery, style, and Shia’s intensity in this video.  Don’t, like it or not.

Pay attention to the message, don’t get lost on the messenger.

After you’re done watching the video, I’d like to think the next three things are vitally important.  I did them.

  1. What are my dreams & BIG goals?
  2. What did I say I was going to start yesterday/this week to achieve my dreams & goals?
  3. How can I take the first step in that direction?

ACTION ITEM: Nothing like a little Sunday reflection time to get the week rolling in the right direction.  Please do steps one thru three I suggested above and be honest.  The truth can hurt (it often does for me), but the good news is you can change it and that’s where achievement happens.