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"If an entrepreneur's environment isn't set up in a way that helps them thrive, they lose interest, shut down and look for something else to focus their interests on. As a result, everyone in the entrepreneur's business and personal life suffers, not just them," says Coach Kevin.
Nigel was about to pull his hair out. After several years of business success, he stopped having fun. Frustrated and feeling burdened and drained, he was ready to walk away and go sell T-shirts on the beach in Mexico – literally. After years of success building a firm that designs, manufactures and supplies a comprehensive range of oil spill response equipment, Nigel starting facing several challenges. Competitors began manufacturing offshore in Asia, giving them a sizeable price advantage. Simultaneously, the Canadian dollar appreciated rapidly against foreign currencies, essentially wiping out the huge foreign currency gains that Nigel’s company enjoyed in earlier years.
As a result, the company struggled, sales decreased, and Nigel became overwhelmed and frustrated. He could have focused on many different problems from lagging sales to research & development; but, the key factor causing Nigel to lose interest was that his environment wasn’t set up in a way that worked for his style. It wasn’t congruent with his personality or ambitions.
As an idea’s guy, Nigel should have been setting the big picture vision and strategy – the role of a CEO, and the role he’s best at – and driving the business ahead. Instead, he was more like a chief operating officer, involved in the day-to-day operations, buried in details and stressed out and frustrated. Nigel is now focused on setting the vision, strategy and goals for the organization and has made a lot of decisions in the last year. Once struggling and considered a headache, Nigel's company has quickly become a turnaround story. Read more.
Breakthrough Concepts
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Entrepreneurs must create a business environment that matches their philosophy, style, expectations and ambitions; then they need to structure the business (and their life) in a way so that it fits like a custom-made suit. |
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The leader sets the tone; a leader’s mindset and behavior directly influences employee behaviors, customer interactions, supplier relationships, and overall business success. |
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Leaders need to be upfront and clear on their expectations for success. |
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Creating an environment that is right for you and setting expectations for success will lead to you being able to perform as an A-mazing leader. |
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Are you working with A-mazing People? |
