Admit Failure Quickly

Man up and admit you messed up before things get worse. You definitely walk a fine line between giving up too early and giving up too late. Either way, it’s imperative that you anticipate failure. Bring it up as soon as things start turning sour. Addressing your anticipation with others will hurt you less than failure itself; if anything, it may help you minimize casualties or possibly keep the train on the tracks. Identifying and debriefing failure is the key to learning from mistakes and sharing your education with others.

A Deal Is Not a Done Deal Until Money Hits the Bank

No matter how good you feel about it, do not boast, act on or go to press about a deal you just made (business, employment or otherwise) until the first check goes through. I learned this in Hollywood and continue to stand behind it as I make deals or watch deals unfold around me. You can never completely guarantee a deal will go through until it actually goes through. You can make a serious fool out of yourself by jumping the gun, making public announcements or spending money you don’t have. Better to keep your mouth shut and fingers crossed until fiction becomes fact.

Earn Leadership

English: Abraham Lincoln, the sixteenth Presid...

You cannot snap your fingers and wake up a leader; you must earn it through the respect of people who might follow you. Good leaders earn respect on their own, without nomination or title inheritance. Strong leaders grow through decision-making in everyday life, in small groups and in situations where no one else stands up. Picking a place to eat and pushing solutions to problems are small decisions that, if successful, will help you build a full portfolio of respect. If not earning credibility enough to become the President of the United States, your immediate circle will at least look to you as a problem solver or for restaurant recommendations. Leadership and title come in many shapes and sizes, so it’s important for you to choose how you want to contribute to the world. You can lead few or many, intimately or anonymously. Earn respect by mastering your trade, making a difference or showing compassion for others. Demonstrate your actions in public. You cannot fancy yourself a leader until other people fancy you a leader first.

Hiring Should Be More Like Dating Than An Arranged Marriage

If you find yourself responsible for staffing a team, do not take the responsibility lightly. You will bring people on board with whom you may spend more time with than your real family. More than finding skilled people who fit the bill, you need to find people with whom you like to spend time.

The modern approach to hiring is more like an arranged marriage than dating. Members of the company sit in a room together and grill the candidate, call references, and put the interviewee to the test. It’s a lot like your romantic prospect’s family attending the first date and grilling you about housecleaning or parenting. Not a natural courtship process. While perhaps less “professional,” a reasonable amount of the interview process should be spent eating, drinking and hanging out with the interviewee. It’s one thing to get to know someone through his or her skills. It’s a whole other ball game to get to know someone culturally.

It does not matter whether he or she is a prodigy talent – if you can’t get along together in person, more harm will come than good. Never hire from a phone interview alone.

How do you find “datable” hires? Start by encouraging your team to invite friends. Friends of friends have a better cultural in than a random chap off the street. If no luck with friends of friends, branch out through the network. If you find someone promising, do not settle on business references alone; find a way to collect social references as well. If nothing else, take him or her out to dinner or throw a company party. Have a little fun. Make sure you can have a good time together. After all, you’re bringing on a new member to the family. Behave and celebrate accordingly.

Your Dreams Inspire

Most dreamers are too caught up in the pursuit to appreciate the impact their dreaming has on other people. It’s one thing to chase your dreams; it’s a whole other animal to inspire others to chase theirs. Don’t keep your dreams locked in the basement. Share them with the world. By living and sharing your dreams openly, you offer followers a cognitive and spiritual boost of confidence. If you can do it, so can they. Help everyone who listens to you understand that.

Don’t just dream for yourself. Dream for people who respect you. Dream for the world.

You Can’t Manage Others If You Can’t Manage Yourself

Everyone is a critic and thinks he or she can oversee others. The truth, I’m afraid, is that critics are the last people you want to work for. We all want to be treated well, have our opinions valued and respect our leaders – not get kicked around by opinionated and scattered fools. I’ve been fortunate to have great leaders in my life. But no one is perfect. The most common mistake my managers have made is setting expectations and not walking the talk. You cannot live a lie. People can smell it from a mile away. Expect your team to do something and fail to do it yourself? You lose credibility and respect.

If you want to keep a team organized, you need to be an organized person. If you want your people to lead healthy lives, you need to set the example. If you expect everyone to meet deadlines, you need to do the same. If you want your people to be frugal, you must not spend a dime more than you need to. Leaders need to have their own shit together. I’m not saying that, as a leader, you need to set all these expectations. What I’m saying is that, as a leader, you must lead by example. You must not exclude yourself from your own expectations. That would make you a dictator, not a team player. You will be ousted from the throne. Demonstrate to your team that you can follow and value your own instructions. Do that, and your team will respect you. Sit back, point fingers and do your own thing? I smell a mutiny.

Let It Flow

If you want to foster a culture of open ideas, you cannot stand in the way. Do not shoot suggestions down, do not fight back and never stifle the feedback loop. Close your mouth and bite your tongue if you have to. Whatever it takes to let your team know that they are being listened to and that there is room for their ideas. After ideas have been heard, let open debate ensue. Invite extra opinions and open your ears even wider. Make sure opinions are genuinely collected and heard. Show the idea collection process with surveys, emails, whiteboards, etc. if you think it will help your team see and appreciate your reception to their opinions. And do not fear disagreements. Disagreements are healthy – they suggest that ideas are being contributed and tested. As with any relationship, team relationships stand to grow and strengthen through overcoming disagreements.

If you need to make a quick decision and do not have time for collecting feedback, don’t close the deal immediately. Help everyone understand why you feel the way you do and thank them for their understanding. At the very least, it shows you respect their autonomy and the other contributions they make.

Agree On the Mission

Before doing anything else, you should check to make sure your entire team agrees with and can own the mission at hand. It’s very important to make sure that you are on the same page with everyone before embarking on a collaboration. If people diverge in completely different directions, you stretch the project thin and go nowhere. You cannot easily push the cart in one direction if your partner is pulling it in the other. Discuss the mission and agree on the meaning behind the problem you are trying to solve first before setting out to find a solution. If everyone is pushing in the same direction, you may have enough momentum to get the cart out of the mud.

What or Who Are You Competing Against?

Do you even know? No one can genuinely create a sense of urgency without cause or reason. Everyone is competing against the clock (we’re mortals, after all), but why? For what reason? Is it a race? Against whom?

If you have a clear opponent to beat, that’s easy. Wave the enemy’s flag in spite and embrace competition as a positive energy in your organization or life. Move forward and fast, as if it were a fun game.

If you are a startup or non-profit without grasp of a market, what are you competing against? Most small organizations compete against sinking bank accounts. Young companies not yet cash-flow positive must sweat their burn rates and execute on their vision before running out of money. If the money drain is your greatest enemy, make a big deal about that, too. Don’t hide it from your people; share the bank statement with managers if you want them to understand that particular sense of urgency. They will understand.

You cannot motivate people from scratch. You can only give them the tools, information and environment to hopefully inspire them to motivate themselves. As a leader, you must know what you are competing against. And do not forget to share that information with your people who suffer the whip every day.

Treat Impatience With Patience

Stress and impatience crescendos when met with more stress or impatience. Two impatient fools in a room don’t make a right. When your friend, spouse, child or boss unleash momentary wrath on you, you can fight back and feed the wrath – or go into monk mode and stay calm. If you enjoy conflict and saying things you don’t mean, go ahead and lift your verbal sword. Otherwise, be the better man or woman. Treat impatience with patience.