Archives For Perspective

Foreword

One thing I have learned is that for the most part, people express the same idea but they express it in many different ways and with many different words. It is the details in the expression, the words, and combination of words used, that give a story its colour, its texture, and brings it–and its lessons–to life.

We are unique combinations of our beliefs, values and life experiences. Differences notwithstanding, we, and our experiences, are important. Therefore, there is value in compiling and sharing these stories and the multitude of ways in which ideas are expressed. Combined, these stories weave a wonderful tapestry that exemplifies just how rich and beautiful life can be.

And who knows? An inadvertent remark or detail in the retelling of a story can stand to attention and have an impact in the world of a reader. And with that exciting possibility, perhaps the most valuable thing I can do is create the space where the stories of those whom I admire and respect can be shared.

Below are people that I have come across on my own life journey whom I deeply admire and respect. Whether it be their tenacity or courage, or relentless drive or passion, each individual generously reveals a different lens in response to the questions I regularly pepper them with.

As we continue on our sharing over this anthology, I will share tidbits and anecdotes as to why I hold them in such high esteem, and what I love most about them. In turn, I hope that you do too.

Have you experienced burnout? If yes, what have you learned?

There were days where putting one foot in front of the other to come to the office in the morning was almost too much to bear, and when I did get to the office I spent far too long staring at the computer screen not doing much.

Andrea Grisdale, Founder and CEO at IC Bellagio, Board Member at Entrepreneurs’ Organization. Bellagio, Lake Como.

Absolutely yes. I experienced burnout 8 years ago and I remember it well. The biggest “thank goodness” at that time was that I had a coach at the time who helped me navigate what I was experiencing.

I was exhausted, fed up, lacked energy, and was overall in a negative state of mind and being. There were days where putting one foot in front of the other to come to the office in the morning was almost too much to bear, and when I did get to the office I spent far too long staring at the computer screen not doing much.

In spite of this, I felt I could not walk out on my team when we were on an “all systems go” mode in the middle of travel high season despite knowing in my heart of hearts that I needed a break.

Thankfully my coach at the time invited me to look at the situation differently and helped me craft my communication piece to my team, clients, and partners to advise them that after many years building the business, I was now at the point where I could step away from the office for a month to take a much-needed break.

To this day I can still remember how anxious I was hitting the send button.

The reaction I got was amazing. There were so many beautiful emails wishing me a well-earned rest, asking me to promise not to worry, and assuring me that they would go above and beyond to “do me proud” and make sure the business was as great if not better when I returned. And this is exactly what I found.

Taking a month away from emails, traveling, appointments, and feeling like I had to do things was the best thing I ever did. I would never hesitate to do this again should I feel it the right thing to do.

I have since learned to delegate, step away—even a couple of hours earlier than normal—without feeling guilty in any way, and understand that working crazy hours is not the way life is meant to be.

A healthy work-life balance is crucial to my success and my future and that of the business. If I am going to be the leader of the business that I want to be, it’s my responsibility to make sure I show up 100% always, and only I can put myself in a position to make that happen.

A business will always take everything you give it and want more. Set your boundaries and focus on the long game.

Ben Ridler. Founder at RESULTS.com. Auckland, New Zealand.

This is one that I’ve lived and learned from.

Entrepreneurs have appalling health stats. Start a business and expect to shorten your life by 10 years or so. Mental health stats are worse with two-thirds of us having one diagnosed mental health issue and some having 2.

After leaving my last business which was 4 years of major stress, my body shut down, I took time out to recover and learn and was fortunate to be living with a health genius, Dr. Vanessa Ingraham, a lifelong health researcher and born into a medical family. Amongst her many qualifications, she’s a naturopathic doctor with a fellowship in anti-aging and regenerative medicine.

As I got more interested in the health of entrepreneurs and my own health journey, Dr. Ingraham and I extensively researched having a business to support the health of entrepreneurs. The business never launched but as part of it, I completed year-long training as a health coach with the BulletProof Training Institute and as a human potential coach.

I have just turned 50, am in the best physical and mental shape of my life, and am getting ready for the intensity of another global play in the B2B software-as-a-service space. Here are a few of the key learnings in no particular order.

1. Doctors are traditionally sickness experts and not trained in nutrition, supplements, mindfulness, circadian rhythm, etc. Their primary role is to treat symptoms.

2. You need to take responsibility for your own health. No one else can do it.

3. What we do is stressful and you need healthy release valves. Alcohol is not a health release valve and it’s a poison consumed at the levels that we consume it at.

4. The gym won’t affect your weight. It’s what you eat and drink.

5. Fat is not the enemy; sugar is. The recommended food pyramid is bad science and has been long disapproved.

6. Good nutrition and health is a way of thinking. It’s adopting a philosophy and strategy, not tactics or magic pills.

7. Mindfulness is easy to do and easy not to do; like goal setting. It is the most beneficial thing that we can do if we choose to only adopt one new habit.

Most entrepreneurs sacrifice their health for their business then something happens and they are in the hands of the sickness industry. If one is serious about having a long career as an entrepreneur, one needs to learn how to manage stress and find healthy ways to release and take ownership of one’s own health. I’ve seen many of us go by way of heart attack and cancer—both lifestyle diseases—and I’ve done a lot of damage to my health with years of high stress, alcohol, an average diet, and extreme exercise.

Now I train very little, walk a lot, and my weight has been stable for 4 years (it used to fluctuate 10 kgs every year). I don’t diet, I eat amazing food, and I’ve slowly managed to get my hormones back into balance. I’m a biohacker, I track my own medical data, get blood tests done regularly, sauna, and get outside in the sun every day that I can. It’s not rocket science but rather mainly common sense. Look at how people live in blue zones and you’ll get the idea.

Finally, remember that a business will always take everything you give it and want more. Set your boundaries and focus on the long game.

The old adage that if you do what you love, you’ll never work a day in your life, isn’t quite the whole truth. The whole truth is that you’ll never stop working.

Jamie Skella. Chief Operating and Product Officer at Mogul, Former Chief Product Officer at Horizon State. Melbourne, Australia.

The old adage that if you do what you love, you’ll never work a day in your life, isn’t quite the whole truth. The whole truth is that you’ll never stop working.

Yet, indeed, it doesn’t feel like a “job”. These kinds of scenarios have never led me to burnout. My lived burnout experiences have been the result of politics.

There are many good reasons that many entrepreneurs dislike the organizational complexity cliff that occurs at about 30 staff, regret establishing a board, or even wish they’d stayed private. (Elon Musk famously regrets taking Tesla public.)

That’s not to say you shouldn’t do any of these things, but it’s important to go into them understanding what the ultimate costs of this kind of success can be… with the biggest price of all being that it might not remain something you love.

Doing something you don’t genuinely love, a lot is the clearest path to burnout.

A passionate life is like a candle. When it burns, it is so captivating and we are drawn to the flame. It is in that flame that we are captivated and when we focus too much on it, everything else dims in comparison, and yet we draw closer still. If we are not careful, we eventually get too close and we burn ourselves.

Kym Huynh. Founder at WeTeachMe, Former President at Entrepreneurs’ Organization. Melbourne, Australia.

When I share with others what type of life I want to live, I oft state, “I want to live a life that is extraordinary in every sense of that word, and to live life as passionately as one can.” I apply this philosophy to every aspect of my life including entrepreneurship, and at times it has been to my own detriment.

A passionate life is like a candle. When it burns, it is so captivating and we are drawn to the flame. It is in that flame that we are captivated and when we focus too much on it, everything else dims in comparison, and yet we draw closer still. If we are not careful, we eventually get too close and we burn ourselves.

I have learned that passion is very much a tool that we wield. And like all tools they can be wielded to aid us in our goals and pursuits, or they can be wielded incorrectly and hinder or harm us more than it helps us. And so when I look at our I have utilized the tool of passion in my life (or any other tool for that matter), I also look at how I mitigate against its adverse effects. Often, the mitigation is in: (1) rest; and (2) making sure that all 4 areas of my life are balanced; personal, family, business, and community.

I worked weeks with only 2–3 hours of sleep because sleep was a hindrance to my success. Suddenly, I started making mistakes. I was tired during the day, and I struggled to make decisions.

Raymond Chou. Founder and CEO at Infront Consulting APAC. Kuala Lumpur, Malaysia.

Burnout is something I experienced multiple times. To mention the words “multiple” makes me cringe in personal disappointment. Burnout is not fun because we get unmotivated, tired and our ability to think straight is impaired.

I burned out in the moments when I had a string of deadlines and felt that I had the responsibility of getting everything perfectly done. Even if a teammate completed the work, I still needed to be the one to put the cherry on the top and scrutinize the entire cake.

I worked weeks with only 2–3 hours of sleep because sleep was a hindrance to my success. Suddenly, I started making mistakes. I was tired during the day, and I struggled to make decisions. This general lack of productivity lasted weeks. The worst part? I sacrificed my health.

I learned the hard way that life is a marathon and not a sprint. We can push hard but we need to listen to our body and take rests.

I learned to have yin and yang; a balance of life. We work hard but we must also rest. I make sure now I get in a 30-minute high-intensity interval training session or a 5 km jog every day. I take time to read something that grows my mind, and I am diligent with my supplements.

Without health, we can’t do all the things we dream of doing. Health is the center of everything.

It took me a long time to realize that all the stress I felt was of my own design.

Ron Lovett. Founder and Chief Alignment Officer at Connolly Owens, Founder and Chief Community Officer at Vida Living, Author at Outrageous Empowerment. Halifax, Nova Scotia.

I’ve certainly had burnout throughout my entrepreneurial career and it’s taken some time for me to reflect on why.

I experience most of my burnout during the time I owned a private physical security company.

Back then I was an entrepreneur with all the answers. Thinking you have all the answers causes everyone around you to ask lots of questions. As I starting to build the business, it was very challenging to keep up with the demands of those around me combined with wearing multiple hats in the business. It took me a long time to realize that all the stress I felt was of my own design.

The point of burnout and escalating business challenges forced me to allow others to have the autonomy to answer their own questions. This culture transformation was the first step and allowed me to step back from the day-to-day so that I could move to a different role of guidance and strategy. That was a journey in of itself and for another time. However, I can tell you that I’ve never looked back nor experienced burnout since getting the company culture right.

To me, business is a game that is meant to be enjoyed, and it is a game that I learned to play as a child, and that enjoyment has never left me.

Tony Falkenstein. Founder and CEO at Just Life Group Limited, Founder and CEO at Just Water, President at Entrepreneurs’ Organization. Auckland, New Zealand.

To me, business is a game that is meant to be enjoyed, and it is a game that I learned to play as a child, and that enjoyment has never left me. The circumstances have changed, but so they changed when I went from the sandpit to play snakes and ladders, from riding my bike to playing Monopoly, or from crossword puzzles to computer games.

I often wonder how people can burn out from business; it is just playing a game. However, I do understand that we are not all born the same way. I personally don’t need a holiday, as my work is like being on holiday. I recognize that most others don’t operate the same way, as they play the game too intensely and emotionally.

What do you think?

Do you agree or violently disagree with anything shared in this article? Or do you have any of your own stories that you want to share? Pop them in the comments and I will personally reply.

Call to action 

My goal is to help 1,000,000 people. My wish is to have these articles shared 1,000,000 times through the various social networks. For this reason, I provide this collection online for free and all I ask of you is this: If any of these articles have helped you in any way, please take a moment to share on social media, email to someone you think will find benefit, or print and leave it on the desk of someone whom you believe has the motivation, but lacks the tools to take themselves to the next level.

Don’t miss out on any new articles. Subscribe via email using the form at the bottom of this post and I’ll have the articles delivered straight to your inbox. Alternatively, you can also follow me on my various social media accounts: FacebookInstagramLinkedIn, and Twitter.

One thing I have learned is that for the most part, people express the same idea but they express it in many different ways and with many different words. It is the details in the expression, the words, and combination of words used, that give a story its colour, its texture, and brings it–and its lessons–to life.

We are unique combinations of our beliefs, values and life experiences. Differences notwithstanding, we, and our experiences, are important. Therefore, there is value in compiling and sharing these stories and the multitude of ways in which ideas are expressed. Combined, these stories weave a wonderful tapestry that exemplifies just how rich and beautiful life can be.

And who knows? An inadvertent remark or detail in the retelling of a story can stand to attention and have an impact in the world of a reader. And with that exciting possibility, perhaps the most valuable thing I can do is create the space where the stories of those whom I admire and respect can be shared.

Below are people that I have come across on my own life journey whom I deeply admire and respect. Whether it be their tenacity or courage, or relentless drive or passion, each individual generously reveals a different lens in response to the questions I regularly pepper them with.

As we continue on our sharing over this anthology, I will share tidbits and anecdotes as to why I hold them in such high esteem, and what I love most about them. In turn, I hope that you do too.

What is failure in its greatest sense?

Failure to me means not taking that risk at all

Adam Massaro, Partner at Akerman LLP. Denver, Colorado.

Failure to me doesn’t mean taking a risk and not achieving the desired outcome. Failure to me means not taking that risk at all.

When you embrace risk, you have the opportunity of learning something invaluable about yourself (or others).

Failure, therefore, is knowing that you had the opportunity to move forward or fix a problem, but not taking the steps to do so.

Failure is not living your days the way you want to live your life

Arnie Malham, Founder and President of BetterBookClub.com, Author and Speaker at Worth Doing Wrong. Nashville, Tennessee.

To look back on life (at any age) and realize you have more money than friends, more regrets than adventures, or more hate than love might all singularly qualify as failure. From my perspective, the culmination of all three might be the trifecta of failure in the game of life.

But life comes at you fast and failure on a daily basis might not be so easy to spot in ourselves. I’d submit the argument that failure, much like success, accumulates over time. It accumulates in the seemingly small daily choices of life. Our diet and exercise (#YoungerNextYear), our reading and conversations (#CompoundEffect), and how we prioritize our most valuable asset, our attention (#Indistractable).

The uncomfortable truth is this: how we live our days is how we live our lives. Therefore, failure is not living your days the way you want to live your life.

Failure is not living a life with intentionality

Finnian Kelly, Founder of Intentionality, Inc., International Keynote Speaker, Area Director for Entrepreneurs Organization. Aspen, Colorado

Failure is not living a life with intentionality but living a life by the conditioned state of your societal, cultural and familial influences. Failure is when you operate in a default mode and where you don’t fully live in the present and enjoy the wonder that is life.

No success in life can compensate for failure in the home

Kym Huynh. Founder at WeTeachMe, Former President at Entrepreneurs’ Organization. Melbourne, Australia.

I am of the belief that no success in life can compensate for failure in the home.

The wonderful thing about life is that we have agency i.e., that we have the ability to choose, to craft a vision or determine our destination, to make intentional decisions that move us closer to our vision or destination, to reflect, learn and course-correct as we go, and to hopefully one day be at a place where we are at peace with our past, content with our present, and hopeful for our future.

Therefore, I suggest that life is not chance, but premeditation.

And with the basis that no success in life can compensate for failure in the home, we have within us the ability to build connected and successful families by giving the following: (1) love; (2) dedication; (3) patience; (4) sacrifice; (5) service; and (6) commitment.

P.S. Having a successful family is infinitely more fun than having a successful business.

Failure in its greatest sense is not trying, not starting that business, not approaching your crush, and not giving your idea an honest try

Randall Hartman, Founder at GROUNDWRK. Denver, Colorado.

One hears a lot of gobbledygook about failure in nearly every business success story and inspirational speaking event etc. For example: “My failures taught me insert-important-business-lesson),” or, “My failures made me the person I am today.”

In my opinion, failure in its greatest sense is not trying, not starting that business, not approaching your crush, and not giving your idea an honest try. The inaction is something you live with for the rest of your life and may be one of your greatest regrets when it’s too late.

If you are not failing you are not growing. I think this is particularly true for entrepreneurs.

Richard J Bryan, Founder at The Bryan Group Inc., Keynote Speaker and Author. Denver, Colorado.

I like the quote by Richard Branson, “If you are not failing you are not growing”. I think this is particularly true for entrepreneurs.

I remember needing to close a loss-making business and lay off all the staff in my home town of Bristol when I was 28. It was a harsh lesson about what can happen if one gets things wrong, but I learned a huge amount in the process that made me stronger going forward.

Failure is to not be the best to the people I care about, to never discover what my personal potential is, and to let happiness elude me in lieu of ego-driven activities

Ross Drakes, Founder and Creative Director at Nicework, President at Entrepreneurs’ Organization, Keynote Speaker, Host of One More Question Podcast. Johannesburg, South Africa.

The first is to not be the best to the people who I care about. So often we get distracted and stressed and take it out on those people who matter the most. Family and friends should not pick up the burden of the business.

The second is to never discover what my personal potential is. I am not talking about living to the standards of others but to live to ones that I myself define.

The first is to let happiness elude me in lieu of ego-driven activities.

It’s when we neglect the ability to reframe the negative as opportunities for insight and inspiration that we fail

Stu Swineford, Founder at Relish Studio, President at Anabliss, Partner at Forty105 LLC. Denver, Colorado.

Failure is not living up to one’s full potential, and accepting setbacks as permanent. Every moment holds opportunity for growth and discovery. It’s when we neglect the ability to reframe the negative as opportunities for insight and inspiration that we fail.

What do you think?

Do you agree or violently disagree with anything shared in this article? Or do you have any of your own stories that you want to share? Pop them in the comments and I will personally reply.

Call to action 

My goal is to help 1,000,000 people. My wish is to have these articles shared 1,000,000 times through the various social networks. For this reason, I provide this collection online for free and all I ask of you is this: If any of these articles have helped you in any way, please take a moment to share on social media, email to someone you think will find benefit, or print and leave it on the desk of someone whom you believe has the motivation, but lacks the tools to take themselves to the next level.

Don’t miss out on any new articles. Subscribe via email using the form at the bottom of this post and I’ll have the articles delivered straight to your inbox. Alternatively, you can also follow me on my various social media accounts: FacebookInstagramLinkedIn, and Twitter.

One thing I have learned is that for the most part, people express the same idea but they express it in many different ways and with many different words. It is the details in the expression, the words, and combination of words used, that give a story its colour, its texture, and brings it–and its lessons–to life.

We are unique combinations of our beliefs, values and life experiences. Differences notwithstanding, we, and our experiences, are important. Therefore, there is value in compiling and sharing these stories and the multitude of ways in which ideas are expressed. Combined, these stories weave a wonderful tapestry that exemplifies just how rich and beautiful life can be.

And who knows? An inadvertent remark or detail in the retelling of a story can stand to attention and have an impact in the world of a reader. And with that exciting possibility, perhaps the most valuable thing I can do is create the space where the stories of those whom I admire and respect can be shared.

Below are people that I have come across on my own life journey whom I deeply admire and respect. Whether it be their tenacity or courage, or relentless drive or passion, each individual generously reveals a different lens in response to the questions I regularly pepper them with.

As we continue on our sharing over this anthology, I will share tidbits and anecdotes as to why I hold them in such high esteem, and what I love most about them. In turn, I hope that you do too.

What does success look like to you?

Success on every front can often be tied to the books we read and the people we meet

Arnie Malham, Founder and President of BetterBookClub.com, Author and Speaker at Worth Doing Wrong. Nashville, Tennessee.

There are many forms of “success”: personal; parental; spiritual; spousal; and financial (just to name a few).

For me “business success” appeared when I began to understand the difference in being a “solopreneur” and being an “entrepreneur” #TheEMyth. “Entrepreneurial success” appeared when I began caring more about asking the “right questions” than having the “right answers” #ScalingUp. And “leadership success” appeared when I began thinking more like a “leader” in my company and less like a “boss” #GreatbyChoice.

Ultimately, success on every front can often be tied to the books we read and the people we meet. I certainly wish everyone great and abundant adventures in both.

Success is the ability to find time again so that you can do all the things you really want to do

Ash Rathod, Managing Director of Digital Focus Creatives. Leicester, United Kingdom.

I define success has the ability to find time again so that you can do all the things you really want to do. Whether it be personal or business, these are things that you do not because you need to do them, but because you want to do them.

The true meaning of success is asking yourself every day, “Am I living a life of Intentionality?”

Finnian Kelly, President at Entrepreneurs’ Organization, Founder at Intentionality, Founder at Wealth Enhancers. Boulder, Colorado

Success to me is about not having regrets. This doesn’t mean you can’t have mistakes—mistakes are natural—but rather how you respond to the mistakes and set yourself up for a different course of action in the future.

For me, the true meaning of success is asking yourself every day, “Am I living a life of Intentionality?” This means deciding how you want to feel and then taking deliberate action forwards.

I believe that the key to success is when one can identify if their entrepreneurial journey is aligned with their spiritual journey. That’s much more important than scaling a company to $100M.

The amount of financial success won’t matter at all if my home life, my health, or my mindset isn’t good

Katty Douraghy, President at Artisan Creative, Author at The Butterfly Years. Los Angeles, California.

Success means inner and outer harmony; personally and professionally. The amount of financial success won’t matter at all if my home life, my health, or my mindset isn’t good.

Success means happiness, fulfillment and contribution to something bigger than me.

Success is the creation of a life where we all walk each other home

Kym Huynh. Founder at WeTeachMe, Former President at Entrepreneurs’ Organization. Melbourne, Australia.

Success to me is the realization that every one of us have agency i.e., the ability to decide, and that we have the ability to determine how we see, and how we experience, the world.

Firstly, the understanding that when we change the way we see the world, our world changes. This understanding has given me choice in how I look at my life experiences, and subsequently how I experience life.

Secondly, the realization that we can’t change our past but we can create our future. And that we have the ability to envision a future; one that is hopefully so bright and vivid that it becomes a guiding light for all our life decisions.

Thirdly, the empowerment in knowing that the great thing about life is that we don’t have to look like what we want to become but rather, it’s all about heart and desire and skill. Satisfy those three requirements and the destination is inevitable.

And finally, the grace in knowing that as per the wisdom of David O. McKay, no success in life compensates for failure in the home.

And whilst home can mean “home” in the nuclear sense, if we include our friends, our communities and the lives we touch, and build a life where we lift each other, then perhaps we can create a life where we all walk each other home.

My philosophy is you need enough money to do the things you want to do but you also need enough time to enjoy it

Richard J Bryan, Founder at The Bryan Group Inc., Keynote Speaker and Author. Denver, Colorado.

Success is all about the freedom to choose how I spend my time both personally and professionally. When I became the CEO of our family business at the age of 28, I did it out of a sense of duty and not necessarily because it was what I wanted to do. My philosophy is you need enough money to do the things you want to do but you also need enough time to enjoy it.

I measure success in my late 40’s by what sort of legacy and positive impact I can leave behind

Steven Ziegler, Founder at Z3 Talent, Founder at ConstructionJobsColorado.com. Denver, Colorado.

In my 20’s and for much of my 30’s I was consumed with how much money and financial wealth I could create. Although those items are still important to me, I measure success in my late 40’s by what sort of legacy and positive impact I can leave behind. I’m certain this has a lot to do with the fact I have 3 kids and I am getting older!

I judge my successes by the positive effect I have on the wellbeing of others

Stu Swineford, Founder at Relish Studio, President at Anabliss, Partner at Forty105 LLC. Denver, Colorado.

I get the most joy out of knowing I have helped someone level up. Whether that’s making an introduction, shining a light on a solution to a problem they are facing, or helping them reach their goals and establish even bigger objectives, I get a ton of good vibes knowing that I was part of that success.

I judge my successes by the positive effect I have on the wellbeing of others. That and knowing I have given my all in an activity or objective. Because at the end of the day, that’s all we can do.

At the start I wore 20 hats. I drew a line in the sand and stated that once successful, I would be wearing 1 hat, and that hat is “owner”.

Tim Glennie, Co-Founder & Managing Partner at BridgeView. Denver, Colorado.

It is important to define success at the start of your entrepreneur journey.

My goal was simple. At the start I wore 20 hats. I drew a line in the sand and stated that once successful, I would be wearing 1 hat, and that hat is “owner”.

Success meant creating a business that could scale and have the proper processes and systems to operate without a dependency on an owner.

What do you think?

Do you agree or violently disagree with anything shared in this article? Or do you have any of your own stories that you want to share? Pop them in the comments and I will personally reply.

Call to action 

My goal is to help 1,000,000 people. My wish is to have these articles shared 1,000,000 times through the various social networks. For this reason, I provide this collection online for free and all I ask of you is this: If any of these articles have helped you in any way, please take a moment to share on social media, email to someone you think will find benefit, or print and leave it on the desk of someone whom you believe has the motivation, but lacks the tools to take themselves to the next level.

Don’t miss out on any new articles. Subscribe via email using the form at the bottom of this post and I’ll have the articles delivered straight to your inbox. Alternatively, you can also follow me on my various social media accounts: FacebookInstagramLinkedIn, and Twitter.

One thing I have learned is that for the most part, people express the same idea but they express it in many different ways and with many different words. It is the details in the expression, the words, and combination of words used, that give a story its colour, its texture, and brings it–and its lessons–to life.

We are unique combinations of our beliefs, values and life experiences. Differences notwithstanding, we, and our experiences, are important. Therefore, there is value in compiling and sharing these stories and the multitude of ways in which ideas are expressed. Combined, these stories weave a wonderful tapestry that exemplifies just how rich and beautiful life can be.

And who knows? An inadvertent remark or detail in the retelling of a story can stand to attention and have an impact in the world of a reader. And with that exciting possibility, perhaps the most valuable thing I can do is create the space where the stories of those whom I admire and respect can be shared.

Below are people that I have come across on my own life journey whom I deeply admire and respect. Whether it be their tenacity or courage, or relentless drive or passion, each individual generously reveals a different lens in response to the questions I regularly pepper them with.

As we continue on our sharing over this anthology, I will share tidbits and anecdotes as to why I hold them in such high esteem, and what I love most about them. In turn, I hope that you do too.

What have been your best or worst business partnerships? What did you learn?

See the silver lining or the positive. It allows us to forgive and to not feel victimized.

Ai-Ling Wong. Founder at The Decorateur, President at Entrepreneurs’ Organization. Kuala Lumpur, Malaysia.

I inherited a nightmare of a business partner in my last family business, and this inspired me to start my new business.

What I have learned is that there is a silver lining in every cloud. I now thank them for what I have today (although they don’t know it), and that, due to circumstance, I embarked on what I am truly passionate about.

See the silver lining or the positive; it allows us to forgive and to not feel victimized.

There is no blame. Only learning.

Alex Louey. Founder and Managing Director at Appscore. Melbourne, Australia.

Nick Bell and I have been business partners for 10 years, and friends for much longer. The key to our success is that our friendship is stronger than our business partnership.

We’ve had our disagreements but we are: (1) prepared to not let our ego drive our decisions; (2) prepared to let the other take the lead; and (3) if one is wrong or fails, we consider it just part of the journey. There is no blame; only learning.

There are always going to be ups and downs, and sometimes when things are down they can really be down. To know that you are working with someone that “has your back” strengthens and bolsters you, makes you brave, and makes it easier to overcome the inevitable challenges. Business is like a sport and a champion team will always beat a team of champions.

The worst business partnership I have witnessed occurred when greed, ego and jealousy overshadowed the goal of creating a great business where both partners are successful. The result? One business partner walked away because they decided the negativity in their life wasn’t worth a few million dollars.

When I was presented with an opportunity to walk away, I did. It was the best thing I ever did.

Andrea Grisdale, Founder and CEO at IC Bellagio, Board Member at Entrepreneurs’ Organization. Bellagio, Lake Como.

A few years ago, despite having some previous negative experience with the same business partner, I went against my gut feeling and agreed to a new joint partnership that on paper was: (1) a match made in heaven; and (2) an easy way into companies from both a commercial and positioning point-of-view.

This joint partnership, and what was sold to me, did not match reality, so when I was presented with an opportunity to walk away, I did, and it was the best thing I ever did.

When your gut tells you to walk away, do it, no matter how attractive the situation or how many people tell you otherwise.

Partnerships that are based on shared values and mutual trust are what I admire and strive for

Daniel Dickson, Managing Director at Amarco Enterprises. Sydney, Australia.

Partnerships that are based on shared values and mutual trust are what I admire and strive for.

Every good supplier or customer relationship that I have experienced has been one that was mutually beneficial; where both parties are heading in the same direction with the same goals, and a desire for each other to be successful. Both parties must understand each other’s values, both desire the same outcomes, and understand what success looks like for each party.

A trick to noticing and recognizing an unsuccessful partnership or business relationship is when you feel that the other partner is working against you or is not sharing and practicing the same values that you believe in. In these two scenarios, the business relationship is not mutually beneficial, and the partnership will not be successful.

The importance of living and breathing the values cannot be understated, and one should never steer off the concept of values-based decision making.

The best partnerships are where both parties spend the time to help one another succeed

David Fastuca. Founder at Ambisie, Founder at Locomote. Melbourne, Australia.

Partnerships are like marriages; they start with the best intentions but after time the spark that once started the relationship can wear off. That’s when things start to break down. Like a good marriage, partnerships require work from both sides.

Whenever I have experienced a partnership break down, it was due to one side always asking and taking without giving. Over time you start to feel used and then you despise the relationship.

The best partnerships are where both parties spend the time to help one another succeed. It takes work and takes time but like all great long-lasting partnerships, it can be worth it.

Choose your business partner like you choose your life partner

Demi Markogiannaki. Founder at WeTeachMe. Melbourne, Australia.

A business partnership that works well can make the journey of entrepreneurship easier and more fun, and a business partnership that doesn’t work well can make the journey of entrepreneurship destructive and filled with issues both personally and professionally. I have had the luck, and the misfortune, to have experienced both.

I’ve had the opportunity to work with partners that believed in, and stood with, me whilst I grew personally and professionally. Working with them made me feel understood, and in turn, helped me push myself beyond what I thought possible, and dare to be brave. These partnerships were marked with many moments of comfort, a psychological safety that helped me navigate failure, and joy in the celebrations of victories both big and small.

I’ve had the opportunity to work with partners that were misaligned in values. Having different values does not mean a person is “bad” per se, but it does mean that the lens in which each person views the world is different. In this partnership, I felt “useless”, was blamed and shamed for failure, and my ideas were discounted for not being “good enough”. The negativity detracted from the moments of happiness and made me feel like an imposter. It took a long time for me to draw a line in the sand, decide that “enough is enough”, and stand up for both myself and others. I wish I had done this sooner.

Choose your business partner like you choose your life partner. There will be moments of joy, and there will be moments of challenge. There will be many issues and problems to navigate, and to learn from, together. You will both grow, change and evolve. Stay united and support one another, and never let trust and respect between you both be compromised.

When the time comes that I take another of my own to market, I’ll be certain to make sure I am the person who takes it there

Jamie Skella. Chief Operating and Product Officer at Mogul, Former Chief Product Officer at Horizon State. Melbourne, Australia.

Your business partner can either lift you or suppress you.

Having founded a startup–based on a multi-year commitment to devising and building the tech that underpinned it— I willingly agreed to the appointment of another individual to take the helm as CEO. In hindsight, despite my reservations, agreeing to this was born out of a then-insecurity about my own ability to run the company.

It was a tough lesson—one that cost the business gravely—and it left me bitterly vindicated and more ready than I ever was to trust myself in the future. While most of my recent years have been spent working on the ideas of others, when the time comes that I take another of my own to market, I’ll be certain to make sure I am the person who takes it there.

The success, or failure, of business partnerships starts and ends with values

Kym Huynh. Founder at WeTeachMe, President at Entrepreneurs’ Organization. Melbourne, Australia.

The success, or failure, of business partnerships starts and ends with values.

When there is an alignment of values, there is a strong foundation of trust and respect, an environment with ample opportunity for building deeper bonds, and as a result, a resilience for weathering the inevitable storms that will come.

Building a business, when there is a misalignment of values, is akin to building a fortress, that is perched on top of a haphazard rickety wooden stand, on an ever-changing sandy shoreline. Communication becomes more difficult, and this breeds an environment where anger and resentment festers. In this scenario, nobody wins.

When I assess potential business partnerships, the questions I ask myself are:

  1. Are the lens in which I, and my potential business partner, look at the world the same?
  2. Are the rules by which I, and my potential business partner, live and experience life the same?
  3. Are the methods in which I, and my potential business partner, make decisions, guided by a similar set of values?
  4. Do I, and my potential business partner, live and breathe a similar set of values?
  5. What are the differences between my values and that of my potential business partner? Can these difference in values peacefully coexist?
  6. What are the things I admire and don’t admire, about my potential business partner? If I dig deeper, what values do they hint at or uncover? Are the differences cogent with my values?

Building a business requires a tremendous amount of time and energy. Shared values are critical, and form the foundation of what one builds. If I am to make the decision to spend a tremendous amount of time and energy, to ensure that they do not go to waste, I’ll make sure to get the foundations (values) right first and foremost.

Every partnership must start with an aligned set of values. From these values, we align direction, and from this direction, we align our respective roles

Raymond Chou. Founder and CEO at Infront Consulting APAC. Kuala Lumpur, Malaysia.

I found the business partner for my second business in a drinking buddy. Over our shared time, he encouraged me to start the business; he was to contribute the capital and I was to contribute the blood, sweat, and tears. We defined our roles clearly whereby I would take care of sales and be the face of the company whilst he would take care of administration and finance. It sounded like the perfect plan.

The years went by and the business did not perform to expectation. There was a lot of naming, blaming, and shaming: (1) “You should run the department faster!”; (2) “We are not getting paid and cash flow is tight because you are not invoicing fast enough.”; (3) “You should push more sales!; and (4) “You are spending too much and not getting enough in!” The straw that broke the camel’s back occurred when he believed that we should “give incentives” to our customers to get deals. I was firmly against this idea.

Unfortunately what started out as a great friendship ended in a broken business partnership. We no longer talk and this saddens me greatly.

My greatest lesson in partnership is that every partnership must start with an aligned set of values. From these values, we align direction, and from this direction, we align our respective roles.

I am inclined to suggest that business partnerships are more delicate than marriages in the sense that in marriage when things don’t go according to plan, both parties have love to fall back on. In a business partnership, it is WORK and requires digging deeper. It is not enough to say, “That’s a great idea. Let’s do it together!” I believe the lack of digging deeper here is the reason why so many business partnerships fail.

I now employ a “dating period” whereby all partners agree to a 1 year period where we work on the business with no shares in the company. The person who creates the idea holds 100% during the first year, and a contract is drawn up that stipulates after 1 year, an evaluation is done; and if values, directions, and roles are still aligned–and all parties feel happy moving forward–shares are allocated.

The best business partnership for me occurred when partnering with people that had completely opposite skill sets

Ron Lovett. Founder and Chief Alignment Officer at Connolly Owens, Founder and Chief Community Officer at Vida Living, Author at Outrageous Empowerment. Halifax, Nova Scotia.

The best business partnership for me occurred when partnering with people that had completely opposite skill sets.

I previously owned a construction company and my partner focused on construction, margins, operations, and the management of suppliers whereas I focused on strategy, business development, HR, and finance. This worked so well. I’ll never partner with someone who has a similar set of skills to me.

The worst partnerships I have experienced were due to not flushing out our long-term vision (exit strategy etc.) and not turning our eyes to our values from day dot. These have caused breakups for me within the first twelve months.

Plan as though it will fail as the odds are you will be right

Tony Falkenstein. Founder and CEO at Just Life Group Limited, Founder and CEO at Just Water, President at Entrepreneurs’ Organization. Auckland, New Zealand.

Many business partnerships are formed because your partner is your friend. Being a friend at 21, prior to family and kids, the odds are against the partnership surviving.

There are two inherent problems:

  • If you both have the same skills, what have you achieved? You just have two payrolls to cover rather than one.
  • Between the ages of 20–30, your life is full of changes. What you dream of when you are 21 is completely different to when you are 30.

Once you have obligations such as a lifelong partner or children, you cannot afford to be living off the smell of an oily rag. In contrast, your business partner might be quite happy proceeding that way.

I am personally against business partnerships, even at any age. It just becomes another hurdle to jump over, and you are always compromising, otherwise, you end up with resentment and as enemies.

If you must get into a business partnership, the most important clause is the “exit” clause. Plan as though it will fail as the odds are you will be right.

The most powerful gift my business partner gave me was the experience of depth rather than breadth

Tui Cordemans. Founder at Koh Living. Melbourne, Australia.

The most powerful gift my business partnership gave me was the experience of depth rather than breadth.

Because I had someone who both relied on me and gave me much, I did not have the option to jump ship whenever I wanted a new experience.

This partnership taught me that one gains the most out of life when one goes deep and some of my learnings from this (resilience and how to live a life of meaning) is priceless.

What do you think?

Do you agree or violently disagree with anything shared in this article? Or do you have any of your own stories that you want to share? Pop them in the comments and I will personally reply.

Call to action 

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The word “entrepreneur” actually sucks. Being an entrepreneur is not cool. Building something successful is cool.” — Alex Louey

Being an entrepreneur is hard. You have no money and it’s a struggle. It’s hard but if you continue, and you persevere, and you keep on pushing to find different angles, you will succeed. With your ideas, don’t be precious about them. The reason why my business partner, Nick, and I work together well is because we are not precious about our ideas. In business, there is no place for egos.” — Alex Louey

Culture and values are actually the most important part of our hiring process. If we have two candidates and Candidate B is less skilled but has an awesome personality, will be a benefit to the culture and there is drive, we’ll go with Candidate B, even if Candidate A is a superstar. The team doesn’t win with one person.” — Alex Louey

Just because a customer says, “I want this done,” or “I want it by then,” doesn’t mean we say “yes”. If we can’t achieve what the customer wants, then we can’t create the desired experience, and so we need to make our expectations clear. The hardest thing to do is to actually say “no”. For too long I was surrounded by people who said, “Yes, Shan,” and that didn’t help. It may stroke your ego temporarily but it won’t help. I now look for people who say, “You know what? It’s not gonna fly. Not today. Maybe next week but not today.”” — Shan Manickham

Putting together a bunch of core values, that’s a piece of cake. Get a whiteboard, get everyone to put up their concepts and ideas, pick the most popular, put a few emojis up, and bang you’re done. That’s easy. The next thing you need to do is believe in them and get them instilled so that they are being used on a daily basis to make a decision within your business. And once that happens, things become a lot easier.” — Shan Manickham

A key thing is believing in the people that work for you. If you’ve selected the right people, you got to believe in them. You’ve got to be able to hand over reigns. It probably feels like you don’t want to hand over the reigns and you probably feel like you can do a better job but at some point, you have got to be able to say, “I’m gonna hand this over. I’m gonna believe in you. I’m gonna put the right measures in place.” So you’re going to trust and verify, but you’ve got to start with the trust first. Verifications come later.” — Shan Manickham

I don’t think you will ever know if it’s the right move, but I think you can make it the right move. You can sit there and do a lot of research, it all tells you the right stuff but if you can’t execute on it, all that research means nothing. Did I know the moment? Absolutely, not.” — Alex Louey

With thanks to

Alex Louey is the founder of Appscore, the team behind Yarra Tram’s famous Tram Tracker app. Alex knew nothing about building apps when he went into business, but he knew all about project management. He recommends working with your strengths and surrounding yourself with people who can do things that you can’t.

Shan Manickam is the MD and owner of warehouse solutions business Cross Docks Australia. Shan tried to go into the business through a management buyout which failed, but it pushed up the price for the buyer, so they sacked him. That was enough to put a fire in his belly to form his own company. He recommends hiring for culture rather than skills.

About Masters Series by WeTeachMe

Masters Series is a show about inspiring entrepreneurs, creative thinkers, and visionary dreamers, and the stories behind how they built their companies.

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Question of the day

What was your favourite quote or lesson from this episode? Please let me know in the comments.