𝐁𝐞𝐲𝐨𝐧𝐝 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬𝐡𝐢𝐩 𝐁.𝐄. 2.0
𝐂𝐡𝐚𝐩𝐭𝐞𝐫 1: 𝐉𝐢𝐦’𝐬 𝐕𝐢𝐞𝐰 𝐟𝐫𝐨𝐦 2020. 𝐁𝐢𝐥𝐥 𝐚𝐧𝐝 𝐌𝐞
Build a meaningful life by building relationships.
WHEN, WHOM & WHY have a mentor or mentee.
Mentorship should start early. Nowadays many mentors are more of coaches, and they run mentorship as a business. Passive mentorship is possible through observing those whom we see as our passive mentors or by reading books written by those we perceive as our passive mentors.
Mentees become mentors of the next generation.
Values come before goals, before strategy, before tactics before products, before market choices, before financing, before business plans, and before every decision.
A statement of values: We hold these truths to be self-evident. Values come first, and all else follows - in business, in career, in life.
Living to core values is the hard stuff.
Never confuse a great life with a long life.
Exceed the Limit of our potential.
What is our full potential?
How do you achieve it?
Some people’s lives are different and better because of you.
𝐂𝐡𝐚𝐩𝐭𝐞𝐫 2: 𝐉𝐢𝐦’𝐬 𝐯𝐢𝐞𝐰 𝐟𝐫𝐨𝐦 2020. 𝐆𝐫𝐞𝐚𝐭 𝐕𝐢𝐬𝐢𝐨𝐧 𝐖𝐢𝐭𝐡𝐨𝐮𝐭 𝐆𝐫𝐞𝐚𝐭 𝐏𝐞𝐨𝐩𝐥𝐞 𝐢𝐬 𝐢𝐫𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭.
Which Seat do you sit on? What makes for a key seat?
Business is like bus purchases. You might be tempted to pick a destination first. However, the first thing you need to do is decide who will fill the seats.
The person in that seat has the power to make significant people's decisions. Failure in the seat could expose the entire enterprise to significant risk or potential catastrophe.
Pareto rule 80/20: 20% of people do the 80% of the job. They bring the highest revenue to a company/ institution.
Money is not a good motivator.
You can’t retain the best people only through money. More motivation is needed.
Right people
What’s your strategy for hitting that target? By skilling people up for their roles, you can either develop them or replace them with better people. Although it is usually more advantageous to develop rather than replace, there are times when it makes more sense to replace.
Right Culture
One way to build an enduring great company that makes great products is to have the right people working in the right culture.
Now that the key roles have been filled, you should focus on retaining talent by creating an environment that promotes autonomy, responsibility, and recognition among employees.
You don’t have to worry about where you are going as long as you’re on the right bus. It’s halfway there already.
Key Takeaways.
A great culture in an organization is a platform for self-motivation.
Sometimes your request for mentorship might be rejected. Consider passive mentorship.
A moment of prayer. Always remember to pray. Mentor from coincidence with life (Maybe a mistake happened, and someone offered to mentor you so that you don’t make the mistake again) is an answered prayer.
Always strive to retain the best employees.
Test drive for employee: Maybe through referral, internship, or attachment.
Replace or reassign someone if they outgrow their role or the role outgrows them.
𝐂𝐡𝐚𝐩𝐭𝐞𝐫 3: 𝐋𝐄𝐀𝐃𝐄𝐑𝐒𝐇𝐈𝐏 𝐒𝐓𝐘𝐋𝐄
How do we become better in decision-making?
How do we know we made the right decision? Experience in decision-making. Have the right people on the table of decision-making.
Analytical skills may assist in making decision-making.
Intuition and Gut can assist us to know when we make the right decision.
Charisma does not equate to a great leadership function and style. Too friendly to people at the expense of being firm and fair. Jesus Christ was a great leader with Charisma.
You do not need a powerful charismatic personality to inspire people to do great things.
Key to a leader’s impact is sincerity. To convince them he must himself believe.
Far better to be an uncharismatic leader who gets the right people to confront the brutal facts than to be a magnetic force of personality who leads compliant followers to disaster.
Your leadership style will be a function of your unique personality characteristics.
Quiet, shy and reserved
Outgoing and gregarious
Hyperactive and impulsive
Methodical.
Cultivate your Style; don’t try to be someone you are not or take on a style that doesn’t fit.
Effective leadership consists of two parts: Leadership function and leadership style.
As a leader, you are supposed to catalyze a clear and shared vision for the company and to secure commitment to and vigorous pursuit of that vision.
For great leadership, first, get your “WHY.”
As a leader, counterbalance any criticism in practice with a bit of praise. Positive feedback tends to improve performance.
𝐂𝐡𝐚𝐩𝐭𝐞𝐫 4: 𝐕𝐈𝐒𝐈𝐎𝐍
Have a Vision for yourself. What Vision do you aspire to?
In your personal life, family, career.
As an effective corporate leader, catalyze a clear and shared vision for the company and secure commitment to and vigorous pursuit of that vision.
You begin with Vision, move to strategy, and then to tactics.
Vision is essential to greatness.
A shared vision is like having a compass and a distant destination in the mountains. The vision must transcend the founder.
Your Vision is your WHY.
How do you help entrepreneurs with all the cradles of workers?
Vision messages should be understandable to Five-year-old kids. People will resonate with the message.
Vision is composed of three basic parts:
Core Values and belief
Purpose
Mission.
Mission must be sincere and authentic; something that you want to obtain badly enough that you are willing to make personal sacrifices for its attainment.
Purpose is the fundamental reason for your company’s existence.
Core values and beliefs must be an absolute authentic extension of the values and beliefs you hold in your gut as a leader.
𝐂𝐡𝐚𝐩𝐭𝐞𝐫 5: 𝐋𝐔𝐂𝐊 𝐅𝐀𝐕𝐎𝐑𝐒 𝐓𝐇𝐄 𝐏𝐄𝐑𝐒𝐈𝐒𝐓𝐄𝐍𝐓
What is LUCK?
Be at the right place at the right time. Be prepared.
Be prepared for your time: Preparation and persistence are key.
Luck favors the prepared.
Good or bad luck: What you do with the unexpected.
Whatever good or bad luck comes your way; you can use it to achieve great things.
Is the Environment part of the Luck?
Environment accelerates your growth. Your initial seed determines your direction of growth.
Big doesn’t equate to great and great doesn’t equate to big.
Failure stories are never discussed.
Great companies never started great.
Visionary entrepreneurs suffer more setbacks in the early stages of their business. After these setbacks, they developed strategies and structures that rendered them bulletproof against future failures, not just from bad luck.
Taking an alternative route does not equate to quitting. Winners never quit and quitters never win.
Never Never Never give up!
Never Never Never give in!
Ideas are as good as you work on them.
𝐂𝐡𝐚𝐩𝐭𝐞𝐫 6: 𝐖𝐇𝐀𝐓 𝐌𝐀𝐊𝐄𝐒 𝐆𝐑𝐄𝐀𝐓 𝐂𝐎𝐌𝐏𝐀𝐍𝐈𝐄𝐒 𝐓𝐈𝐂𝐊-𝐌𝐀𝐏
Those who think and do, own the future.
Charismatic leaders are so eloquent. But that is not enough to drive a company from good to great.
𝐋𝐞𝐯𝐞𝐥 5 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩.
Level 5 – Level 5 Executive
Level 4 - Effective Leadership
Level 3 – Competent Manager
Level 2 – Contributing Team Manager
Level 1 – Highly capable Individual.
Growth from level 1 to level 5.
You are given level 1, other levels are built.
Most people reach level 3 and stagnate there. Sometimes even if they deliver growth, they become arrogant. They most times don’t take feedback positively.
Brutal Facts.
Bible: Proverbs 27:5-6
5 Better is open rebuke than hidden love.
6 Wounds from a friend can be trusted, but an enemy multiplies kisses.
𝐂𝐡𝐚𝐩𝐭𝐞𝐫 7: 𝐒𝐓𝐑𝐀𝐓𝐄𝐆𝐘
What is the Essence of Strategy?
A strategic plan for a company creates a competitive advantage.
Create value for Customers. Happy customers create value for the company.
What good thing are you good at?
For example, Safaricom is good in MPESA. So far the best in the telecommunication industry in Kenya.
Operationalize your vision through strategic planning.
For example, Kenya Vision 2030: to transform Kenya into a newly industrializing, middle-income country providing a high quality of life to all its citizens.
The strategy follows Vision.
Ask key questions on Vision before getting to strategic planning.
Performance of management. Setting targets for the employee on how to achieve the strategy.
When do you come up with Strategic planning?
Strategic planning is a continuous management tool and a stepping stone to achieving your BHAG.
BHAG: Big Hairy Audacious Goal.
Revise the strategy every 2 years due to the many changing dynamics.
A start-up needs a strategic plan too.
Aligning to your long-term goal through a strategy.
Ask a tough question.
Why are you joining the market?
𝐂𝐡𝐚𝐩𝐭𝐞𝐫 8: 𝐈𝐍𝐍𝐎𝐕𝐀𝐓𝐈𝐎𝐍.
Woodwork factor.
By solving your problem, other people who have the same problem come out of the woodwork.
Be the first client of your product.
Articulate your problem and solve it.
Great innovation is out of solving a problem.
Define the problem.
The problem should speak out.
You are invited into a problem by the problem existing.
Mistakes
Innovation requires experimentation and mistakes. You can’t have one without the other.
The lesson learned from a mistake makes it valuable, not the mistake itself.
Conventional wisdom
Breadth and diversity breed creative insights. People with different experiences and backgrounds working on the same problem will usually produce more creative answers.
The single biggest roadblock to creativity and innovation in business is conventional wisdom.
Innovation is not a heavenly visitation. Innovation and punishment don't go hand in hand.
Results and exposure lead to conventional knowledge. Open up, and cross-check what is going around.
The uncommon man fits the rest world into his world.
𝐂𝐡𝐚𝐩𝐭𝐞𝐫 9: 𝐓𝐀𝐂𝐓𝐈𝐂𝐀𝐋 𝐄𝐗𝐂𝐄𝐋𝐋𝐄𝐍𝐂𝐄
How do you execute a strategy?
Preparation
Responsibilities.
Challenges for the execution of strategy.
No connection between strategy and people.
Normal operations of an organization away from strategy.
No clear plan for the implementation of the strategic plan.
Who is doing it?
What is being done?
The budget for implementation and the budget are open to everyone who is a stakeholder in the implementation of the strategic plan.
Leaders are the key stakeholders in the implementation of the strategy.
If you have good people/teams and a bad plan, they will change the plan to be good.
Example: The former President, the late Mwai Kibaki used the old constitution for the better part of his term and delivered spectacular development in Kenya.
Leadership is key for strategic plan implementation.
Human beings always shape up. As far as they get to know why they have to do things stipulated in the strategic plan.
Do the right thing at the right time.
Deadline
Every project has a deadline.
Meet the deadline, it calls for discipline and commitment.
Deadline is a test of discipline ~ Dr. Emmanuel Mango.
There is the power of a deadline.
𝐀𝐀𝐑: 𝐀𝐟𝐭𝐞𝐫 𝐀𝐜𝐭𝐢𝐨𝐧 𝐑𝐞𝐯𝐢𝐞𝐰.
Implementing lessons learned after review.
The aspect of completeness is inconsistent.
𝑯𝒆𝒂𝒓𝒕𝒇𝒆𝒍𝒕 𝒈𝒓𝒂𝒕𝒊𝒕𝒖𝒅𝒆 𝒕𝒐 𝑵𝒖𝒓𝒊𝒂 𝑩𝒐𝒐𝒌𝒔𝒕𝒐𝒓𝒆, 𝒇𝒐𝒓 𝒂𝒍𝒍 𝒕𝒉𝒆 𝒔𝒖𝒑𝒑𝒐𝒓𝒕 𝒂𝒄𝒄𝒐𝒓𝒅𝒆𝒅.