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Business Event - May 2017 M500 Wrap

Stefan Kazakis on 27 May 2017

What better way to wrap up the month than with a fantastic M500 event this week.  As a team, we sometimes forget what a great event it is, after all it’s what we do every month, but we really do eat from our own cooking and strive to be 1% better every single day … and it would appear according to feedback that this month we nailed it!

Our guest speaker Adam Thyssen of Procal Dairies shared that we need to let go of our small business mentality to future-proof our business.  He shared that when he was selling $1600 of product a month, any errors were small and corners could be cut to rectify mistakes.  Once they began selling $1M+ per month, any mistakes were much bigger and it was not feasible to cut corners anymore.  Delegation had to occur and the systems and processes needed to be built to ensure scalability.

When asked for his top 3 tips for the business owners in the room, our Champion in Business Emanuel Papas from Rhodes Projects shared that you must love what you do, surround yourself with good people and if you see an issue act swiftly to correct it.  He also said that ‘to let it grow is to let go’ …. Explaining that as business owners we need to delegate and entrust the team to step up; knowing that mistakes will be made but that those mistakes won’t break the business.  

During Think Tank, I shared the Johari Window, a simple and useful tool for understanding and training self-awareness, personal development, improving communications and team development amongst other things.  It was developed by two American psychologist Joseph Luft and Harry Ingham in the 1950.Johari Window

I explained the quadrants:

  • Arena, what we see in ourselves and know others can see it too.
  • Blind spot, what is seen by others but which we either cannot see or do not want to admit is seen. 
  • Mask, what we see in ourselves but keep hidden from others
  • Future, the unknown what is not seen by others or ourselves.

The theory is that for us to become better leaders we must all learn ways to expand the Arena quadrant by constantly seeking and listening to feedback from trusted and respected people.  We have to be okay to share what’s important to us and be prepared to receive feedback about ‘handbrakes’ that everyone else can see, but that we cannot.  By listening to, and sharing feedback more often, you will ensure that together you and your team are future-proofing your business.

Well that wraps up the future-proofing theme for the month of May.  We welcome the arrival of winter next week, a new month and a new theme.  Stay tuned!

 

Stefan



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