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Ambiguity… the Entrepreneur’s Friend

June 26, 2013 by David

“Ambiguity” — may be the largest force in the entrepreneur’s life and ecosystem.  Funding, customers, product development — all beyond the control of the entrepreneur.  The ability to handle ambiguity is a factor that I’ve encountered again and again in not only startups, but in real life, particularly the harsh environment of the emergency first responder.

Incomplete data, incomplete facts, partially completed product, inconclusive market data, partial context… limited time… what do you do?  Is this a threat?  An opportunity?  A distraction best ignored?

And as a leader, is this “business as usual” or does the environment shake you to your core? render you frozen with indecision… Is ambiguity  “comfortable” or at least familiar?

Is ambiguity your friend, or your foe?

In any uncertain situation whether business, or a traffic accident, I believe it is essential that the leader, or a leadership team, be comfortable with ambiguity.  So how do you spot this rare animal in a leader (or potential leader)?

Use the test here: http://jasonseiden.com/handling-ambiguity/ because his simple tests… resonate with my experience:

  • Comfort with unclear social settings
  • Intellectually curious
  • Strong and demonstrable “action orientation”
  • Good judgment

I couldn’t agree more.  Time and again I’ve found that leaders with those qualities/attributes… do fine with ambiguity.  And leaders not “comfortable” (an odd word, in this context) with ambiguity… they’ll drive themselves nutty, or at least their families.  Been there, done that.

Don’t have what it takes?  Don’t fret… it probably means your normal.  The ability to handle ambiguity, while “impressive” in the abstract, isn’t “normal” — in fact, these leaders can be hard to live with, hard to follow, hard to understand.  Don’t believe Hollywood’s projection of a leader… just because your leader is comfortable with ambiguity doesn’t mean they’re right.  Or easy to follow.  You may be a top performer in the leadership team precisely because you are not comfortable with ambiguity.

Most high performance teams need a combination of leaders comfortable with ambiguity, and members of the leadership team that insist on unambiguous decisions and stratetgy — wisdom and superior execution are a complicated combination of both perspectives.

Filed Under: Entrepreneurs, Leadership, Sometimes A Blog Tagged With: coach, entrepreneur, founder, measurable objectives, shared values, startup

4 Words That Will Change Your Career

March 6, 2013 by David

Clients of mine will recognize these four words instantly.

It is my belief that nearly every question asked of you, in almost every situation, should be answered with these four words.  Circumstances and context will determine if you should answer the specific question first, and then use the magic four words, or use the four words even before answering the question.

I promise: if you adapt this as a practice, you will change the course of your career.  Quite possibly your life.  And you will be a better friend, a better partner to your spouse, and a far better parent.

I came to this insight the hard way.  I missed opportunities, derailed potential partnerships, and slowed potential sales… sometimes fatally.  I count my failures in both professional situations, and personal ones.

And like so many practices, just because I have learned the importance of this practice… doesn’t mean it is easy.  I have found that I must constantly practice this art, this method… in each important conversation.

Why Do You Ask?

The practice of asking that question — just four short words — is the key to unlocking what is in the depth of a question.  And it leads to real conversations, which in turn will have depth.

This practice invokes several key attributes of a high-quality conversation with another person:

  • Respect for the questioner, that their question matters
  • Curiosity
  • Active listening
  • A suspension of your arrogance or hubris

You gain all four of these attributes when you answer the question… and ask why they asked the question.  There is almost always a question behind the question.

For example, when a potential employee asks about the health benefits offered in your company, do you leap to answer with the facts about the program, either in an elegant summary or a detailed comprehensive answer… before asking why?  The question may indeed be innocuous and literal… or it may be because the candidate turned down a recent job offer because the benefits were inadequate.  Wouldn’t you like to know that before you answered, or before they leave the meeting?

In a similar situation, I often see entrepreneurs launch into a defensive answer about their product pricing with little more than an innocent question from a prospect who says “What about pricing?”   They miss the opportunity to understand the basics of the question — indeed there may be a concern about pricing, but its also possible that the real information is that the potential customer is at the earliest stages of research and seeks ballpark pricing for a budget request for next year, or the year after.  The context of the question may affect how you answer.

You see, almost everyone avoids asking the real question they want to ask.  Or they don’t want us to know why they’re asking, out of habit or strategy.  For many reasons they either overtly or subconsciously cloak the true basis of their question with… a polite question.

People blessed by nature or nurture with a high “EQ” (Emotional Quotient) understand that the first step to depth in a relationship, even a first-time business meeting, is empathy.  And that empathy is in part about seeing the situation from the other person’s perspective.  It is emphatically not about providing the other person with facts, an opinion, or the right answer.  Slow down, and make sure you understand the question from their perspective.  Why Do You Ask?

Engineers, analytic minds, and those who were straight-A students in school are often drawn into a question, hearing it as a literal, formal question, and leaping to answer it.  They’ve been waiting for “good questions”!  You can almost see them waving their arm in a desperate attempt to get the teacher to call on them, so they can demonstrate their mastery of the topic, and provide the correct (and often numbingly comprehensive) answer.

I blame the American culture and education system, where “getting an A”, being right, and “achieving” is supposedly the ultimate in self-actualization, and in turn has bred this instinct to answer the question quickly and forcefully.  Slow down.

Sure, answer the question in as brief a form as possible, and then respect the intelligence and intentions of the questioner with… your own question: “but Why Do You Ask?”

Better yet, pose Why do You Ask? before answering the question at all.  Together, you may discover the original question isn’t relevant, or perhaps even distracting.

Be curious, set aside your confidence that you know why they asked (isn’t it obvious?), be humble in the awareness that there may be far more to the question than you could ever know.

 

In February, 1999 one of the smartest and most accomplished “young” venture capitalists in Silicon Valley agreed to meet with me, as a favor to his colleague and our mutual friend, Ed Kozel, then the recently exited CTO of Cisco.  I had just co-founded a venture capital firm, and wanted to expand my network of co-investors.  Ed was doing me a big favor; ordinarily a tiny, unproven venture firm from Seattle wouldn’t have had a chance of getting this meeting.

Michael Moritz of Sequoia was as sharp, curious, and engaged as his reputation made him out to be; I knew that I was very lucky to be hosted for the visit in their offices.  We were both cordial and comfortable, and it was a pleasant conversation.  After I provided a brief summary of my past, we got down to the good stuff — and one of Moritz’s questions was whether there was a future in “search” as a business.

I had just sold my second startup to Infoseek / Walt Disney.  Quando was a boutique, customized search technology (we found events such as concerts, and pricing for products used in comparison shopping).  I remember thinking to myself “Hey, good question.  I mean, I actually know something about this stuff, and I also know that Infoseek has already started to ignore their search engine group… search as a business is almost over.”

I couldn’t tell you exactly what I said, but I know this: it was off the top of my head, I didn’t pause before answering, and I didn’t put much thought into it.  In fact, I can’t remember what I said.  But I was confident and pushed on, watching to see of what he made of my answer.  I will confess, I was eager to impress.

The gist of my answer was: I didn’t think there was much future in search.  Moritz asked again, this time asking if paying to be included in the results from a search engine could work as a business.  Again, I was dismissive… after all, we couldn’t figure out how to do it, so we hadn’t even tried to charge for search results, and instead we re-sold our search services wholesale to portals like America Online and Disney, which gave the search results away to their users.

Moritz pressed me at least a third time, maybe even a fourth… but I continued to be negative, imagining more dumb banner ads in the manner that they were displayed in 1999…  I saw a look cross his face that I didn’t understand, but the meeting soon ended, and I was ushered out the door.

I never spoke to Moritz again, and of course like everyone else, a couple of months later I read about his lead role in the first venture capital investment in a Stanford startup called Google.  $25 million invested in search.

Please understand that during the entire meeting I never asked Michael Moritz a single question.  I didn’t pose a single Why Do You Ask? to his questions, even when they were repeated.  I wasn’t curious, I wasn’t respectful, and I wasn’t really listening.  And I wanted an “A” in this class.

In the end, not only did I not really get anything out of the meeting (and neither did he, obviously)… but I missed an opportunity to learn about one of the most explosive business models in human history, from one of the people at the epicenter.  I missed the opportunity to deepen my relationship with an individual whom I admired and from whom I could have learned a great deal from in subsequent years.  I even disrespected the favor Ed did by arranging the meeting in the first place.  I whiffed this ball.

And it was a slow, underhand pitch.

I can give you countless other examples in my personal and professional past where I was too eager to answer the literal question, especially when I knew the answer, and as a result, missed the multiple opportunities that emerge when you are curious.

The thing is, I am curious, to my core.  I had the motive, but not the skills or the craft.

Adopt these four words as your practice, and use them both at home and in the office.  More than an attractive new habit, dedicate yourself to making this kind of interaction your skill and your craft.  And I guarantee you will deepen your relationships and enjoy more opportunities than you otherwise would.  Really.

 

p.s. see my Recommended Reading list for the just-published book To Sell Is Human: The Surprising Truth About Moving Others by the irrepressible Dan Pink on how this issue relates to sales.  An essential tool for all entrepreneurs, as the implications go far beyond what you may think of as “sales”.

Filed Under: Leadership, Sales, Sometimes A Blog Tagged With: cisco, coach, communication, curiosity, ed kozel, google, mentor, michael moritz, quando, walt disney

My Role in Your Success

February 8, 2013 by David

I’ve been ruminating on why I so thoroughly love my job… and this morning I received another reminder.

One of my clients related how he landed a client this week, following a methodology for presenting his proposal & price. He got the project he wanted, at the price he wanted, and the kind of client he wanted. It was his first sale.

Ever.

In fact, he hasn’t even left his current employer; he’s been developing his new start-up for months (years?) and was still developing concepts… when an opportunity arose.

Me? My role was helping him understand the sales cycle, the role of the proposal… specifically content, timing, and how-to-present. He confessed it didn’t seem natural to him, and the methodology flew in the face of what he knew of “sales” (largely informed by Hollywood). But he held the faith, and did it.
And nailed it.

I can’t tell you the deep satisfaction it gave me to hear this. About 1,000% more satisfying than if I had done the deed. It’s one thing to do it yourself; it’s quite another to help someone tap your years of experience and do it themselves. Then you know you what you do, and how you do it, matters.

I’ll be talking more about how this happens, and why, in a future newsletter.

K Grainger Win
But for today, let’s celebrate his victory.

Another business launches…

Filed Under: Coaching, Sales, Sometimes A Blog Tagged With: clients, coach, entrepreneur, founder, sales

Coaching for Doctors

October 4, 2011 by David

The always articulate and insightful Atul Gawande explains in the New Yorker magazine how coaching might improve almost anyone, not just athletes and singers… he’s a surgeon, and he got a coach, and improved.

Fascinating: http://www.newyorker.com/reporting/2011/10/03/111003fa_fact_gawande?currentPage=all

Filed Under: Coaching, Sometimes A Blog Tagged With: coach, leadership, measurable objectives, new yorker magazine

How To Choose A Coach

August 6, 2011 by David

Chapter 2

(From my upcoming book)

 

You’ve probably heard how fantastic coaches can be, and how they can truly leverage your commitment and investment.  You’re wondering if that’s really true, and if it is, how do you choose one?  And you may be wondering if the expense is worth it.

In general, coaching in almost any discipline or sport is “worth” it because the one-on-one attention can be so productive.  It is scarcely imaginable that a sports team could exist, let alone consistently win, without a leader with more experience than the players, the benefit of a “big picture” perspective, possession of a literal or figurative book of strategy, and the objectivity inherent in standing on the sidelines.  While there are exceptions to this rule, where the coach is also one of the players, the weighty load of leadership combined with sheer scale quickly pushes “player/coaches” exclusively into the coaching role — successful company officers in the military are continually promoted to roles away from the sharp end of the spear.  There is a long tradition of successful performance of individuals counseled and aided by effective coaches.

My First Coach

While both of my parents seem to have had the “math gene”, I credit my Uncle Stephen (an honorary title) for my achievements in math, high school Advanced Placement status, and a lifelong comfort with numbers and calculation.  He was my one-on-one tutor at the end of fifth grade.

Freed from the constraints of other students and a regulated pace, we quickly covered the necessary ground of my delinquency — to my parent’s horror I had somehow avoided learning my multiplication tables, and thus the recruitment of Uncle Stephen, a math professor from a university in Budapest, recently fled to the U.S..  Within weeks, we were covering elementary algebra, and then to my delight, moving on to geometry and base number systems other than 10, and so on.  Late into high school I would suddenly realize in class that I already had covered the material with Uncle Stephen, 5 to 6 years earlier.  What a gift.

If I have a profound regret in my 30 year career, it is my relatively late (and weak) adoption of mentors and coaches along the way.  Despite the deep lesson of Uncle Stephen, I made it a regular practice to go it alone, to tough it out, to prove to myself (and my parents, and others) that I “could do it myself.”  It wasn’t just that I had something to prove, it was a source of comfort and reassurance to myself that I was worthy, valid, and capable.  Even today, I value self-reliance and competence among the highest accomplishments one can achieve.  And it isn’t any coincidence that this is a measure that one can take of one’s self — external objectivity doesn’t seem necessary.  One can be self-reliant in measuring one’s self-reliance!

See where this is going?

Many, if not most, of the entrepreneurs I have met in the hundreds of startup companies that have contacted me for investment, endorsement, and assistance fit this profile.  They are confident, armored with thick skin, and ready to prove themselves.  And perhaps too ready to prove that they can do it without help.

What’s Important About Your Coach

As with any close working relationship, the first requirement is communication.  You’re going to want someone you feel comfortable talking to, and what that really means is that from your first interaction with a prospective coach, you should feel like you are heard.

I mean “heard” in the fullest sense of the concept — pauses where they listen, questions that clarify and confirm what they thought they heard you say (so that they can fine-tune what they heard), and the hard-to-describe sense that they “get it” about what you just said.  The style and specific tactics for achieving this will vary from coach to coach, but the results are easy to feel.  You are heard.

This isn’t just because it feels good to be heard (it does).  It is essential that they get your perspective, because they can’t help you achieve your goals unless they can hear you describe them.  And this isn’t just a one time deal — your goals will probably evolve, and certainly your situation will evolve.

By the way, their ability to “get what you’re saying” should be relatively instantaneous.  Their ability to “get you” and understand who you are, and where you are coming from, well that might take a while.

If you have any doubts about the listening abilities of your prospective coach (or your current coach!) then it isn’t a good match.

Shared Values

As we will discuss in another chapter, I’ve found that we’ve all developed coping strategies for getting along with other people.  Scientists have worked to quantify this, and better understand this, but to summarize their results — entrepreneurs are generally more successful when they have a highly defined “EQ”, emotional intelligence.  In contrast to I.Q., the ability to reason, use metaphors, and solve problems, EQ can be broadly defined as relating well to other people and communicating effectively with a broad spectrum of personality types.  For many experienced business people, it is no surprise that EQ is an indicator of success in business, particularly in new ventures.

Yet if you benefit from this advantageous attribute, it can undermine your choice of a coach.  In other words, just because you can get along with nearly anyone, don’t use that low hurdle in evaluating the fit of your prospective coach to your style of interaction.  Raise the bar, and seek a coach with whom you have shared values.

The coach-client relationship is most effective when it is intimate, in the sense that any subject, problem, or issue is within bounds.  Even extroverts may not share everything they feel, fear or hope for with their friends and colleagues.  Discussing fears and goals are part of the coaching process, but you’re just not going to get your full value unless you disclose them.  And you’re unlikely to do that with someone you can “get along with” but with which you share few values.

How do you determine your values, and your prospective coach’s values?

[to be continued]

Filed Under: Coaching, Excerpts from the Upcoming Book, Sometimes A Blog Tagged With: business venture, coach, communication, emotional intelligence, endorsement, entrepreneur, goals, investment, leader, leadership, mentor, officer, shared values, startup

New Book

Own Your Brand: An Executive Coach Helps You Refine Your Personal Brand on LinkedIn

Just released by Col du Granon Press, David’s first book is now available at bookstores worldwide.

About David

David has been advising entrepreneurs and leaders since 1998. He founded Flashing Red Light eleven years ago. More about David...

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