Michelle Ray

Business and Leadership Keynote Speaker

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“Money doesn’t talk…It swears”

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“Money doesn’t talk…It swears” – Bob Dylan

In my upcoming book, “Lead Yourself First”, I dedicate several chapters to the subject of values. Values drive our behaviour and decisions, as well as our professional and personal relationships. Making values – based decisions in business and life aren’t always easy, even when we feel that we know ourselves well. One of the most difficult areas pertains to money and finances, especially if we find ourselves at the crossroads regarding career change or making an investment in a new business venture. Although there are some simple truths such as having your finances in order prior to taking such bold steps, conversations around money are often emotionally- charged due to the fact that our values also come into play.  Therefore, the subject isn’t merely about numbers, being practical or even logical.  Going through the process of ascertaining what lies behind the rationale to leave a job or stay, to invest or not to invest; to save or spend is an important exercise because we discover more about what is actually influencing such choices. In addition, the manner in which we justify our course of action is also a reflection of our principles.

The financial values dilemma is not only felt at an individual level. It happens in corporations on a daily basis. If you listen closely, you will hear people frequently professing values-laden statements regarding their workplace or direction of their organization. It isn’t unusual for leaders to experience conflict in this arena, especially during these times of uncertainty. While working with one client recently, one member of the senior leadership team was frustrated due to the push-back he was experiencing from his colleagues. He wished to maintain the status quo in terms of staff retention…in contrast to a number of his peers who he felt were reacting by taking an ultra cautious approach; entertaining cutbacks and terminations. Critical business decisions such as these may appear to be based on fiscal evidence. However, the values of a core leadership team are often driving the process.

Is it possible to be completely objective regarding where one may stand on financial values, or indeed our entire values system?  The challenge lies in the fact that we have all been influenced in varying degrees by the standards of others, be they family members, peers, associates, coaches or well-intended friends. Therefore, the sample inventory exercise below will reveal the extent to which you have allowed yourself  to be governed by accepted morals or ethics that perhaps hinder your professional and personal direction. There are no “right” or “wrong” answers. Rather, your responses reflect your current position and beliefs and illuminate information regarding your financial values that my surprise you. 

Values inventory clarification – Money

  1. What does financial freedom represent to you?
  2.  Do you subscribe to a scarcity or abundance mentality?
  3.  Were you taught to manage your money at an early age?
  4. When you think of the term “financially responsible”, how would you define it?
  5. What were some of the prevailing attitudes around money in your family?
  6. How has the recent economic volatility impacted your career? If you have not been affected directly, have you witnessed the effect on colleagues, business associates, and clients?

Leading yourself first in your organization, your career and your life requires clarity around questions such as these. Can you lead your team with confidence regarding business decisions that impact them directly? Do you trust yourself to take the necessary commercial risk to grow your business into a viable entity? Are you ready to take the leap of faith associated with a career change? When we truly understand that our values underpin everything about us that makes us tick, we are able to approach the crossroads with greater conviction.

Michelle’s book, “Lead Yourself First”  is due for worldwide release this year.

New Year…New Career: Are you ready for “me” management?

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This is the time of year when many people set New Years’ Resolutions or big goals for future. You may be thinking that 2012 is the year to start a new venture and finally resolve to start a new business or make a career change that has been on your mind for a considerable period of time. As exciting as your plans may be, you want to ensure to the best of your ability that your goals come to fruition.  We have all heard sayings such as “the only place that success comes before work is in the dictionary” and although it is one of the most overused clichés on the planet, the fact remains that many small businesses and solopreneurs fail because they mistakenly believe that self-employment provides a glamorous lifestyle. In my experience, nothing could be further from the truth. While there is no doubt that I enjoy my daily working life without routines or bosses (and wouldn’t have it any other way), buying into the notion that I no longer answer to anyone and can do whatever I please is not a winning strategy for long-term success. When it comes to practicing self-leadership at work and in business, it is important not to underestimate the challenges associated with being your own boss while deciding whether it is really for you.

Having entrepreneurial roots did not give me the rite of passage to financial freedom. It took considerable time for me to see my business as a viable enterprise. If I wanted to merely survive and make enough money to pay my rent and living expenses, I could have remained employed. However, the primary motivator was based on a lack of fulfillment.  My decision to start my first business as a speaker was based primarily on lifestyle considerations, coupled with the belief that if it were a truly viable enterprise that allowed me to do what I loved, it could afford me a way of life that would be immensely gratifying. At the core, I believed in myself enough to take the risk.

If you are contemplating leaving your job or starting a new venture, your capacity to be brutally honest regarding your expectations is a good place to start. When it comes to making choices such as pursuing a new vocation or business, your most important asset is mindfulness. It is all about practicing “me” management…being able to effectively manage yourself. The first step requires honing an unfamiliar kind of mental toughness that will force you to personally dig deep and assess your own reality while loving what you do in order to stay the course.

Achieving professional success is not only about honing one’s business acumen. It requires the ability to truly lead oneself by clarifying one’s values and beliefs. The truth is that many of us buy into the accepted wisdoms of society rather than formulating our own. As a result, we experience an inner conflict as the real “me” is trying to find the way. For example, do you value balance and are you “living it”? Can you discern your own truth and are you able to follow through on your own values and beliefs by putting them into action, rather than rhetoric? This type of values test invariably comes with the territory when you are your own boss. The more clarity we gain around our values, the more effective “me” management becomes. Are you ready?

 PS: Look for my brand new book and website in 2012!

2012: Photo by Salvatore Vuono

 

Getting Unstuck: Finding momentum to create change

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The truth is that many of us are never taught how to lead ourselves at work, in business and in life. As a result, we settle for mediocrity and dissatisfaction.  Why is it that so many talented, creative people stay in jobs that make them miserable?  Is it because family responsibilities must come first and the financial risks associated with leaving are too great? Is it the fear of the unknown, the comfort of the status quo? “Better the devil you know”…etc? Or is self-doubt, a lack of faith, trust…perhaps all of the above? We have a burning desire to transform professionally and personally, to alter the course of our vocation, to let go of people and situations that no longer serve us, yet we hold back. Until the level of discontent becomes greater than the fear of change; we will stay stuck, perhaps for many years.

The Towers Watson’s 2010 Global Workforce Study of over 22,000 employees in 22 markets revealed some key points regarding career change and choices. These are particularly interesting findings for anyone considering making life-altering decisions regarding one’s professional path. From their surveys, they discovered that mobility is at a decade-long low point, and many are sacrificing career growth for a secure job. Their results also indicated that confidence in leaders and managers is disturbingly low.

A recessionary environment exacerbates the feeling of helplessness, as we believe that we cannot escape our situation. When we experience enormous frustration ith our employer due to a poor relationship and lack of support from our immediate manager, we slowly begin disengaging from our work. When you add these two factors together, it is no wonder that people lose interest in what they are doing and genuinely feel stuck. How do you free yourself from the “trapped” experience?

1.  Realize that self-doubt is often at the core of your fear

In the words of Anaïs Nin: “And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom.” Recognize that the opposite of fear is faith. We prefer to stay “safe” and therefore it is understandable that we can easily justify our rationale to maintain the status quo. By listing the “pros” and “cons” associated with moving in, we can get clarity around the feeling of being at an impasse.

2. Pay attention to the signs that are pointing you in another direction

When we are caught up in the fear, we often miss the signs indicating a new path. By taking the step outlined above, we will have more awareness regarding the signposts that are either subtle or flashing neon lights, guiding us elsewhere.

3. If your job and workplace aren’t going to change, it is up to you to initiate change

Staying stuck in a job or career where the situation has become untenable will invariably take a toll. Only you can decide whether that psychological toll of staying outweighs the financial risk of leaving. If you can find the momentum to re-think your attitudes and beliefs around creating change, change will happen!

 

Fish Jumping: Photo by Danilo Rizzuti

 

Workplace Motivation…Three common myths

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One of the old age questions leaders ask is“How do I motivate my team”?  The answer is not as complex as you may think.  In fact, there are a number of myths associated with the notion of creating and maintaining a happy, productive work atmosphere that warrant scrutiny at all levels of an organization. Ask yourself if any of these apply and what you can do to focus on creating more motivators and eliminate, or at the very least minimize the existence of demotivators.

 Myth # 1: The paycheck is a primary motivator

Although remuneration may initially attract people to a particular job, it isn’t enough to sustain interest, productivity and engagement. In fact, money has never been at the top of the list of workplace motivators, yet is often seen as the key solution in the attraction equation. The allure associated with the overall salary package is tangible and short-term. For leaders, providing a pay cheque may be easier than finding the energy to truly connect one-on-one with everyone on a team. Moreover, when individuals say that they are at work “just for the paycheck”, they are denying the existence of a fundamental intrinsic motivator; i.e. to be recognized as a person with deeper needs… as someone who wants to know that they matter in the grand scheme of their workplace. They have something valuable to offer their employer and if they are unable to tap into their unique worth, then simply “showing up at work” becomes are drudgery and emotionally dissatisfying experience.

Myth # 2: Building in more extrinsic motivators creates a better atmosphere 

While it is true that we are all motivated by different things outside of ourselves, the more useful approach for a business in terms of achieving a highly inspired atmosphere is to pay attention to the existence of demotivators, as opposed to the absence of motivators. The most common demotivators include working with chronically negative people, (in management or non-management positions) who successfully drain other peoples’ energy reserves. I have found that a lack of action builds resentment amongst those who desperately want their leadership to deal with these people issues. Another popular belief is that by encouraging people to work longer hours in exchange for a more pay (also known as overtime), people will be motivated to work harder. In effect, longer hours justify a slow-down approach to work and do very little to enhance productivity and profitability. The physiological consequences of overtime are heightened levels of stress, which are in fact demotivators rather than motivators.

Myth #3: Happy people remain satisfied and don’t require as much “nurturing”

There is no doubt that contentment regarding ones workplace and job function is a desired state. However, once we have achieved a sense of fulfillment regarding our work, praise and recognition remain critical as on-going intrinsic motivators. We all require different “strokes” in terms of being acknowledged. A wise leader will recognize the differences between those who seek appreciation privately and publically. Validating effort and results is also an individual responsibility, no matter what our job title may be. Peer recognition is a powerful energizer that is often more meaningful than any other form of appreciation, as we often hold the opinions of our co-workers in the highest regard. Therefore, it behooves us to express admiration and applause for a job well done, regardless of our position.

 

Photo By Renjith Krishnan

Eight steps to communicating Change

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Using Caring Communication when dealing with Change:  

During the past few months, a trend has emerged regarding the information clients are requesting that I cover during my presentations and workshops. Almost always, the topics of workplace communication and managing change come up during the pre-event conference calls. Therefore, it is no surprise that these two subjects are inexorably linked. We cannot effectively manage change without communication and if we don’t communicate effectively, we experience frustration and resistance to change. There are a myriad of change realities that organizations and individuals are trying to grasp.  How do you confidently communicate change? For organizations, the biggest concerns relate to greater transparency, compliance, accountability, cut-backs and budget constraints. How do organizations communicate these issues without inciting fear and negativity? Unfortunately, blunders occur because change is communicated hurriedly; without careful consideration, thought or care.

At the heart of it all is that people and organizations as a whole are trying to achieve one thing: Buy-in. The question is: “how do I get people to buy into the change process?”  The most important and often neglected fact is that the responsibility for any communication always lies with the SENDER. It does not matter whether communication is face-to-face, email or telephone. It is not the receiver’s job to try and decipher meaning. The sender needs to be clear and adapt the delivery of their message based on the receiver’s preference and style. In order to masterfully communicate change, as the sender and initiator of the communication, the key is in knowing how to deliver the news with sensitivity. The old adage “before I care how much you know, I need to know how much you care” must be recognized in the sequence of communicating change. Emotions first. Logic second.  Here are the steps, in order:

  1. Recognize that change is an emotional experience
  2. Address the receiver’s fears
  3. Tell the recipient/s how the change will benefit THEM
  4. Show them at least one greater benefit of the change that makes sense to them, versus the maintaining the status quo
  5. Ask for input and actively listen to responses
  6. Tell the recipient/s how the change will benefit the organization
  7. Involve the recipient/s in the change process
  8. Celebrate the accomplishment of moving through the change as a team

If you follow these eight steps, plan your delivery and sincerely take the time to think about how the receiver will interpret your news regarding change, the likelihood of a negative reaction will be significantly diminished. Remember, you have already established a reputation based on your current repertoire of communication skills. When you alter your style, people are often suspicious and may doubt your new approach. It takes time to build credibility as a great communicator.

Photo: Time For Change by Salvatore Vuono