Advertising
Advertising

Raise your People: Raise your Capital

Raise your People: Raise your Capital

The strive for profit can become a constant pressure in business. If you’re in a position of management or leadership, you’re probably familiar with the ever present need to push for growth.

What strategies actually work to not just boost sales and increase profits, but to raise the value of a business, to raise the capital?

Of course, you need to be attuned to the market place and ensure that what you’re selling, people want to buy. But this kind of thinking can also turn into a treadmill of external focus. Lose sight of what’s happening inside your organization, and you lose a golden opportunity to raise capital “from the inside out.”

Advertising

Managers and business owners have an innate sense of this. But there can sometimes be a problem with the language. There are conversations happening in board rooms and leadership meetings that circle around this sentence: How do we get our people to step up?

It implies that people are unmotivated or lacking in some way. And perhaps, in some cases, this is true. But more often than not, you’ll find organizations full of talented, hard working people who want to stretch themselves but aren’t given the right opportunities or tools.

But we provide a whole of PD for our staff—they’re always off doing some course or another!

That’s great. Training courses, coaching programs, external workshops, internal team building exercises—these all provide an experience of learning for staff. They might learn how to spot an opportunity or take the next step on their career ladder.

Advertising

But this kind of one-off learning usually produces one-off or limited results.

For far reaching results, that start to actually shift the culture of your organization, you may need to implement fundamental changes to learning. The key is you have to teach people how to think differently and think creatively.

This can be a huge challenge for some workers who have always played a passive role and been taught (implicitly or explicitly) to obey orders, wait for instructions and toe the line.

Advertising

Instilling a creative leadership mindset in your staff will give your organization a powerful edge. There are two very successful ways you can approach this kind of shift:

1. Implement an Emerging Leaders Program.

I’ve found this brings extraordinary results. Tap the people in your organization who show high potential talent and provide them with the chance to learn in a new way. The Emerging Leaders Program I’ve developed uses a combination of master class training sessions, 1:1 coaching and peer to peer guided facilitation supported by more experience leaders in the business.

This environment of collective energy and shared knowledge gives participants unique insights and can accelerate creativity and innovation. I recently ran an 8 month program with a company called Ridley Agriproducts. The aim was for each Emerging Leader to create a new offer or enhance an existing offering to their customers and stakeholders. The return of these individual commercial projects was reviewed and showed substantial results. As impressive as the commercial success was, just as important was the very clear increase in autonomy each participant gained.

Advertising

2. Do some intensive focus work with your Leadership Team

Great leaders lead by example. It’s crucial that you boost the skills and confidence of your leadership team on a regular basis. I worked recently with a large manufacturing company in Australia. We focussed specifically on developing their senior leaders to connect and engage with members and stakeholders in a more authentic way.

The commercial goal was to convert customers to clients. The great success of this initiative was a group led shift in language that named the outcome as: “casual customer to contented clients.”

Lifting the capability of your team—at management level and throughout the organization—is one of the most important and successful ways to raise capital. Once they truly understand and are enabled and empowered to stretch their own minds, the way they think, they will strive for ever increasing potential. This ultimately leads to raising financial capital. And the flow on is ongoing as people see and reap the rewards of learning to be more innovative.

Featured photo credit: structuredbusinessfinance via structuredbusinessfinance.com

More by this author

Raise your People: Raise your Capital Four Leadership Tips to Bring Out the Best in Your Team

Trending in Productivity

1 What Is Creativity? We All Have It, and Need It 2 How to Set Long Term Goals and Reach Success 3 Easily Distracted? Here’s How to Regain Your Focus 4 Why You Need to Set Future Goals (And How to Reach Them) 5 15 Productive Things to Do When Bored (So Time Is Not Wasted)

Read Next

Advertising
Advertising
Advertising

Last Updated on January 21, 2020

What Is Creativity? We All Have It, and Need It

What Is Creativity? We All Have It, and Need It

Do you think of yourself as a creative person? Do you play the drums or do watercolor paintings? Perhaps compose songs or direct plays? Can you even relate to any of these so called ‘creative’ experiences? Growing up, did you ever have that ‘artistic’ sibling or friend who excelled in drawing, playing instruments or literature? And you maybe wondered why you can’t even compose a birthday card greeting–or that drawing stick figures is the furthest you’ll ever get to drawing a family portrait. Many people have this common assumption that creativity is an inborn talent; only a special group of people are inherently creative, and everyone else just unfortunately does not have that special ability. You either have that creative flair or instinct, or you don’t. But, this is far from the truth! So what is creativity?

Can I Be Creative?

The fact is, that everyone has an innate creative ability. Despite what most people may think, creativity is a skill that everyone can learn and hone on. It’s a skill with huge leverage that allows you to generate enormous amounts of value from relatively little input. How is that so? You’ll have to start by expanding your definition of creativity. Ironically, you have to be creative and ‘think out of the box’ with the definition! Creativity at its heart, is being able to see things in a way that others cannot. It’s a skill that helps you find new perspectives to create new possibilities and solutions to different problems. So, if you encounter different challenges and problems that need solving on a regular basis, then creativity is an invaluable skill to have.Let’s say, for example, that you work in sales. Having creativity will help you to look for new ways to approach and reach out to potential customers. Or perhaps you’re a teacher. In this role you have to constantly look for new ways to deliver your message and educate your students.

Advertising

How Creativity Works

Let me break another misconception about creativity, which is that it’s only used to create completely “new” or “original” things. Again, this is far from the truth. Because nothing is ever completely new or original. Everything, including works of art, doesn’t come from nothing. Everything derives from some sort of inspiration. That means that creativity works by connecting things together in order to derive new meaning or value.From this perspective, you can see a lot of creativity in action. In technology, Apple combines traditional computers with design and aesthetics to create new ways to use digital products. In music, a musician may be inspired by various styles of music, instruments and rhythms to create an entirely new type of song. All of these examples are about connecting different ideas, finding common ground amongst the differences, and creating a completely new idea out of them.

What Really Is Creativity?

Creativity Needs an Intention

Another misconception about the creative process is that you can just be in a general “creative” state. Real creativity isn’t about coming up with “eureka!” moments for random ideas. Instead, to be truly creative, you need to have a direction. You have to ask yourself this question: “What problem am I trying to solve?” Only by knowing the answer to this question can you start flexing your creativity muscles. Often times, the idea of creativity is associated with the ‘Right’ brain, with intuition and imagination. Hence a lot of focus is placed on the ‘Right’ brain when it comes to creativity. But, to get the most out of creativity, you need to utilize both sides of your brain–Right and Left–which means using the analytical and logical part of your brain, too. This may sound surprising to you, but creativity has a lot to do with problem solving. And, problem solving inherently involves logic and analysis. So instead of throwing out the ‘Left’ brain, full creativity needs them to work in unison. For example, when you’re looking for new ideas, your ‘Left’ brain will guide you to a place of focus, which is based on your objective behind the ideas you’re searching for. The ‘Right’ brain then guides you to gather and explore based on your current focus. And when you decide to try out these new ideas, your ‘Right’ brain will give you novel solutions outside of the ones you already know. Your ‘Left’ brain then helps you evaluate and tune the solutions to work better in practice. So, logic and creativity actually work hand in hand, and not one at the expense of the other.

Advertising

Creativity Is a Skill

At the end of the day, creativity is a skill. It’s not some innate or natural born talent that some have over others. What this means is that creativity and innovation can be practiced and improved upon systematically.A skill can be learned and practiced by applying your strongest learning styles. Want to know what your learning style is? Try this test. A skill can be measured and improved through a Feedback Loop, and can be continuously upgraded over time by regular practice. Through regular practice, your creativity goes through different stages of proficiency. This means that you can become more and more creative! If you never thought that creativity was relevant to you, or that you don’t have a knack for being creative… think again! You can use creativity in any aspect of your life. In fact you should use it, as it will allow you to to break through your usual loop, get you out of your comfort zone, and inspire you to grow and try new things. Creativity will definitely give you an edge when you’re trying to solve a problem or come up with new solutions.

Start Connecting the Dots

Excited to start honing your creativity? Here at Lifehack, we’ve got a wealth of knowledge to help you get started. We understand that creativity is a matter of connecting things together in order to derive new meaning or value. So, if you want to learn how to start connecting the dots, check out these tips:

Advertising

Featured photo credit: rawpixel via unsplash.com

Advertising

Read Next