Leadership: Building a Tribe from your Team (Tesla Vs Ford)

Andrew Ford, Tesla V Ford market cap

Last week Tesla hit a significant milestone in their business which prompted an unusual reaction from one of the world's largest car maker. The reaction was surprising and lead to some important leadership branding lessons for us all to consider.

Andrew Ford, Elon musk tesla 3

 

If you missed the news last week, Tesla announced the first 7,000 cars rolled off the production line of the new model 3; their version of a family electric car. Elon Musk was pretty proud of the team and tweeted to his 22.2 million followers about achieving the milestone. Great leadership, recognising the team for their efforts.

Not everyone was as pumped as Elon however. The CEO of Ford Motor Company Europe decided to chime in with his own thoughts, trying to belittling Tesla with his larger production capacity, saying they make more cars. Whoopdeedoo.

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The impressions I had about this response was that it was a petty remark and one that doesn't boost the confidence of his team or his leadership. If you were on his team what would he say to you about your success?

That someone in the team does it better? I am sure his intentions were to help the team morale, but snide remarks doesn't boost morale. Focus on the positives.

Secondly, while Ford does produce many more cars than Tesla, the market capitalisation of the business has fallen under the Tesla brand. Meaning Tesla, with their much lower revenue and production, is actually worth more than Ford.

Thirdly, Elon could have replied and mentioned said market cap or many other benefits that Tesla has over Ford currently. But that's not great leadership either. So what were his next tweets about? Responding to Steven with a counter tweet, reminding him that he only has 3k Twitter followers compared to your millions? Nope.

Elon tweeted about working on building an underwater submarine from rocket ship parts to get the Thai soccer team kids out of the cave in Thailand. Now that's leadership.

Andrew Ford, Elon Musk tweek

 

In this situation what would you do as a leader?

The reason I follow Elon, as so many do, and regard his brand of leadership as more authentic is that his actions speaks louder than words. That's the reason I follow Elon and not others. Authentic action.

What do you think?

Andrew

 

Last call for e-ttraction brand coaching!

e-ttraction coaching.png

The new financial year is only a week away! Exciting for those accountants looking forward to the EOFY parties, but for most of us we take stock of where we are at with our careers and businesses.

If you have always wanted to have your own business as a side hustle or to one day take full time, now is the time to act.

I have released another five e-ttraction coaching spaces 1:1 with me to either start or scale a passion business from $0 to $100k. 

The process is 12 weeks following the Social Star University system with weekly meetings with me. 

Pre-pay this financial year to get a bonus four weeks additional coaching free!

To apply click here.

Cheers Andrew

The e-ttraction of writing a book

An interesting thing happens when you write a book, you get all sorts of e-ttraction.

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On my recent holiday to Cebu, Philippines I met a great guy, Orly Darnayla, who is running a startup incubator, Entrepreneur Beach Club. I liked his style and left him a book at my hotel, he left me a t-shirt. He was impressed that I was an author and wanted to do some more work with me. As a side benefit once the receptionist knew I was an author they looked at me with new found respect and wanted a signed copy of my book! I didn't quite get a free breakfast however they were very nice to me from then on.

When I got back to Melbourne's freezing weather I realised I missed the beaches, weather and people of Cebu. It's a beautiful place but a pretty poor country so I thought how can come back for some sun and also help the locals?

This idea lead to some discussions with my team and Orly and yesterday I inked a deal with him to bring my Launch in 12 Weeks training program to the Philippines! 

We will invite 20 early stage startups or corporate escapees from Australia or expats from Manilla to Cebu for an intensive e-ttraction program to kick-start their businesses. We are just finishing our Melbourne training program and why not do the next one at the beach!

The best part is that for every paying participant, we will give a free spot to a local entrepreneur to lift their communities out of poverty. Buy 1 Give 1 style.

All of this because I wrote a book and then started a conversation with a guy at a bar!!

e-ttraction at its finest :) 

Stay tuned for more details and if you feel like an e-ttraction boost to your business, send me a message and I can give you some more details.

Cheers Andrew

e-ttracting new people and opportunities into your business

Entrepreneur beach club Philippines

Cash is king, as your accountant would say. But I would argue that people are the lifeblood of business. It's people who generate that cash. They are the staff, partners, clients and supporters who promote your business. They build the technology, operate the equipment, make the sale and keep the relationships moving forward.

But how do you e-ttract the right people for your business?

If you have been following my blogs for awhile you would have heard me talk about valuesand the importance of forming your business around what is really most important to you. Meeting the right people is a reflection of your values. Just like your target market will be similar to yourself, your best business contacts will have similar values to you.

If you know your values and have clarified and accepted exactly what you want, and separated what everyone else wants from you. The next step is to set some intentions about who you want to meet. It's similar to the laws of attraction principles that have been around since Napoleon Hill's time, however we don't just think and grow rich, we think and take action to grow rich!

I had an example of this on my latest boliday (working holiday) when I was at the beautiful and extravagant Shangri-la hotel in Cebu, Philippines. I wasn't staying there but went there as they have a cool bar over looking the ocean so I went for a few drinks to check it out.

Knowing my values pretty well, I know that business is pretty close to the top for me. Everyday I want to do something in my business. I had already sat on the beach, been to the gym, seen where Magellan was killed by the Cebu king (true story!), read a book but I wasn't quite done.

Being the first one in the bar, I noticed a guy working furiously on his laptop overlooking the ocean drinking a beer. He seemed like a local and I thought he was a photographer for a wedding or the resort by the gear he had. Being me, I said G'day and started a chat which lead to the normal 'so what do you do?' conversation. It turns out he is a local entrepreneur trying to create a movement of new business creation to help his local people. He works from various beach resorts and has formed a group around this - the Entrepreneurs beach club Philippines - how awesome is that!

Why is this story relevant for you? Let's unpack this for a moment. Firstly, knowing and accepting my values I like to work on my holidays. Most people would say you shouldn't work, you should relax, but I can't relax unless I feel like I am doing something productive. I love it so why fight it?

Secondly, I set an intention of doing more work overseas and particularly in the Philippines as I love travel and the people there are awesome. I already hire people there, but I wanted something more.

Thirdly, I am open to opportunities. This is the big one. Many people will know they want something, set and intention and when it appears in front of them - they don't grab it. I believe you can feel the opportunity if you are open to it. It's possible to sense that that is an opportunity. Trust your instincts, they are often smarter than your five senses. Start the conversation, be open to meeting new people.

Fourth, explore the opportunity. After talking to my new mate Orly Darnayla for awhile I realised that this is a great contact to help me bring my 'Launch in 12 Week' course to Cebu, I can teach in his program or at the least, we could hang out on my next trip!

In conclusion, my advice to e-ttract new people and business opportunities in your life. Be clear on your values and live them. Set intentions of what you want. Take advantage of the opportunities that life presents and explore the potential new relationship as you never know where it can lead you.

Andrew

P.S. If you would like to explore your e-ttraction in my new 1:1 coaching program message me and we can see how my 12 step process could assist your business grow.

#BYOB Episode 014 - Darren Bourke: Create the lifestyle you most want

BYOB Darren Bourke.jpg

Today on the podcast we chat with Darren Bourke, a business coach, mentor and consultant to small and medium business owners for 15 years and author of The Fourth Moon.

Darren shares his story from his humble beginnings as a regular employee to building and owning his successful business. He specialises in coaching business owners to replicate his lifestyle design using his tried and tested methodology in achieving sustainable business success.

 

What is covered in this episode:

  • Who is Darren Bourke?

  • Darren’s methodology in making money, time and lifestyle work together

  • The lifestyle Darren lives, how he lives it and why it’s something people should emulate

  • Book: The Fourth Moon by Darren Bourke

  • The idea of the busy fool and how to change and overcome it to open yourself up to more time and opportunities

  • Darren’s work and family history and the story of following his dream of building and running his own business

  • How a sabbatical helped him re-calibrate and discover what he really wanted to do

  • Helping businesses by changing their format without changing their goals

  • Darren’s rituals and activities to keep him going and retain his focus

  • The story of launching his own brand and business

  • His new venture, Coachtopia, and how he wants to help start-up coaches to build their businesses

  • Business models and how it helps

  • One piece of advice from Darren to improve your business

 

Links mentioned in the show:

Website - Darren K. Bourke

Book: The Fourth Moon by Darren Bourke

Ebook: The Success Algorithm

LinkedIn - Darren K. Bourke

#BYOB Episode 013 - Understanding what resources you need to start your own business

 

Today on the podcast I talk about the fourth stage in the Attract process – Resources.  

There are three areas we focus on in the resources section - time, money and connections.

In this episode I cover:

  • The importance of focusing on those activities that you enjoy doing and get you into a state of flow

  • The daily routine of writing out your intentions each day

  • How to map out your time allocation

  • Writing down the ten things you love and hate doing in your business to understand where you need to focus your time on and where you need to delegate.

  • Knowing the value of your time to understand the amount you can spend to outsource

  • Understanding that you don't know what you don't know and why it is important to get the right help when starting out

  • Knowing how much to invest when starting out

  • How to use your connections and network at the beginning of your service based business

  • What is your ultimate destination - what do you want to do and when

Links mentioned in the show:

Tim Dwyer podcast

Run Well marathon training

 

#BYOB Episode 012 - Morry Morgan: How to transition between different businesses at different stages of life

 

Today on the podcast we have a laugh with Morry Morgan as we explore his entrepreneurial story and what led him to cofound a comedy school having never been a comedian himself.

He shares his learnings from living and owning a business in China and how his teaching background and an on-stage technical failure lead him to create The School of Hard Knock Knocks.

 

 

What is covered in this episode:

  • How his entrepreneurial journey has led him to create a business around teaching comedy and being a 'bucket list ticker'.
  • The impact going to China and leaving Australia had on his business journey.
  • The challenges of running and owning a business in China.
  • How you recover from storms can define you as an entrepreneur.
  • Testing your product in a market where you are unknown.
  • How an 'onstage fail' inspired him to learn the act of comedy.
  • How experiencing a poor customer journey led him to start the School of Hard Knock Knocks.
  • Understanding the impact that Key Opinion Leaders (KOLs) can have on the growth of your business.
  • How podcasting helped Morry to reach KOLs in the comedy industry.
  • The future focus of scaling up his business to different locations.
  • How he is re-purposing his content across SHKKs social media.
  • The importance of looking after his past students and how that helps with new referrals and word of mouth.

Links mentioned in the show:

The School of Hard Knock Knocks

#BYOB Episode 011 - Understanding how your lifestage impacts your start-up business

 

Over the last few weeks we have looked at values and personality as important aspects of creating a business that attracts people to you.  Today we look at the third component - Life Stages.

If you don't know where you are and where you want to go, how can you plan for the future?

You need to know what you want in order to set your business intentions. 

What age are you is the first thing to look at in Life Stages.  Age can often determine your current values and life priorities and these need to be understood when building and designing a business on your terms.  

Life stages is all about timing and what capacity you currently have in your life. Entrepreneurship is about understanding where we are and planning for what is coming up.

When do you want to retire? What do you want to do when you retire? Retirement is about being able to choose what you want to do. 

Once you know what you want retirement to look like, map out how long it is going to take you and what you need to do to get there.  Intention, time and lifestyle are all key factors.

It can take 5 to 10 years to make a remarkable business.  Five years to get a business that can create a lifestyle income and another 5 years to make an asset to sell.

What are your intentions for the next 5 to 10 years, map out what it is going to take to get there and then consider what you will need to get there. 

We will dig deeper next time into Resources, what you will need to have to get you to where you want to go.

Take action this week by visiting the Life Stage module at Social Star University.

Free Your Time With e-ttraction

Andrew Ford, Social Star, e-ttraction blog

Had 'Mondayitis', 'Humpday' or said 'ThankGodIt'sFriday' then read on...

Working for someone else has it's benefits, stable pay, regular holidays and you can leave the stress at the office. But...you don't have one thing that matters most. Control of your time.

Are you able to...

- Leave the office when you feel like it?

- Work with people who lift you up and inspire you?

- Do the type of work that fulfils you and makes you jump out of bed each day?

If the answer is no, perhaps it's time to consider a change.

Change is scary, but let's face the facts. The days of secure and long-term employment are behind us.

Over 50% of the workforce in the USA is contingent, (contracted not employed), and the trend is escalating in Australia. You are only one restructure away from being retrenched or 'downsized'. Artificial Intelligence, robotics and outsoucing job overseas is increasing dramatically.

So what's the alternative?

Be Your Own Boss 

What does freedom look like? It looks like being your own boss. You can still be employed but the difference is you are in control of your career, not your company.

What does freedom look like?

...freedom to see your kids when you want too

...freedom to work with people who share your values

...freedom to do the work you enjoy the most

In reality, we are all independent consultants selling our services for a price; it doesn't really matter if it's for one company (job) or many (business owner). The result is the same, you get paid for the level of value you add to the businesses you serve. However, one big difference is the control of your time.

Building your personal brand is the best investment you can make in your career.

How do you answer the question - "What do you do?" 

If you answer with your job title, how will you progress? How will someone see your full value?

Understanding your core value proposition and developing quality online branding assets around your value is the path to Being Your Own Boss, controlling your career and having freedom of time. 

But how?

After working with hundreds of corporate workers seeking more from their career, we developed a unique 12 step system to create your time freedom.

We call this system...e-ttraction = digital attraction.

The first step in the process is to understand what your compelling value proposition is and how to articulate it clearly. Your personal pitch.

On Monday, May 28th 6:30pm in Melbourne, I will be running a Pitch workshop to help you start the e-ttraction journey. Click here to see the details.

My mission is to empower everyone to follow their passion and work in a career they love. Each week I will be sharing parts of this method and examples of how it can benefit you so follow the journey with me to get ownership of your time.

Andrew Ford

The e-ttractionist

#BYOB Episode 010 - Elphie Coyle: Creating a team around your personality is essential to start up success

 

Elphie Coyle is master at knowing his strengths and how to build a team around his weaknesses. Hear his journey to entrepreneurship and how his particular background and style is reflected in all his businesses.

We discuss how he uses 5 freedom areas as his guiding principles in life and business and the impact owning a computer at the age of 7 kicked off of his entrepreneurial journey. 

Listen as we dive deep into the mind game that is entrepreneurship and how choosing to work allowed him to escape a self-imposed freedom trap.  He shares how his relationship with money has changed, mentors that have shaped his thinking, the importance of knowing your numbers and what it took for him personally and professionally to come back from the brink of losing everything.  

"Dance in divine love with the moment, whilst building keystone performance habits towards our best vision, integrating our past & preparing for the worst through total self sustainability."
- Elphie Coyle