Growth.
The Future Does Not Fit in the Containers of the Past. Edition 121.
In a 24-hour period I had the opportunity to a) attend an Ad Council Event in New York where one key takeaway was how we grow and learn in our jobs and experience and not just by gaining academic credentials, b) launched this week’s latest What Next? Episode with a Vice-Chairman of JP Morgan Chase (link below) who discussed how to grow Client relationships and c) spoke with Kat Gordon the legendary founder of the 3% Conference on evolving careers and she noted that there are so many flavors of the way people and organizations grow where many of them are not about scale and size.
Most growth is internal.
When we speak about a person growing unless it is about a child or teenager it is not about physical growth but an emotional and mental deepening, a honing of craft, an enhancement of skills.
This growth comes through some combination of the turbulence and cycle of life, deliberate practice to improve or just the enhanced cognition, connection and tactile skills that come from repeated work or different experiences.
While some of this “growth” might be measured in financial metrics and some in other quantitative measures most growth is about a “way” then a “what”, about an internal shifting of priorities and perspectives than an external enhancement.
In fact, and unfortunately most growth comes when the external signs point to diminishment whether it be illness that brings a reduction in well-being, a career or financial setback that creates a dilution of assets and reputation or a loss of relationships and sense of bearing.
When most growth that matters and that makes people and organizations more resilient, or grows new muscles and perspectives and which builds mental, emotional, and other assets cannot be measured in the ways we gauge success we should think again about what “growth” is.
Growth might be about learning, recovering, overcoming and the scarred and tattooed with shocks of life might be the people we most want in these turbulent and changing times?
Growing business may not be about selling, speaking about your company’s way, or claiming you and your organization can do it all.
Fabrice Braunrot spent his entire working career at JP Morgan Chase where he worked full time for 34 years and now continues to be connected as a teacher and guide in their learning and development arenas helping mid-level executives grow and helping the adjustment of external senior hires into the company. Fabrice’s new career is as an investor in many areas including his passion of healthy food and eating.
In four decades of observing companies and clients all around the world Fabrice identified ways to grow business and relationships.
Growth comes through solutions, relationships, and trust.
Selling rarely works solving problems does.
Few clients or consumers are interested in buying what a company is selling. They have problems that must be solved, jobs that need to be done, goals that need to be achieved.
While this may be obvious, and many companies claim they do this look carefully and one observes 1) a focus and pressure on making the quarterly number which leads to pushing product and services versus understanding needs 2) following of “scripts” about how the sellers’ company has a new approach, a new organization, or a new product.
Understanding a clients’ needs takes time and any smart buyer knows when a seller is following a script. How many understand deeply what they are offering so that they can take the script and company mumbo-jumbo and frame it in their own language and to the Client needs?
Relationships are built on common frame of references
The buyer or client is a person too.
They have interests and passions. Today there are so many ways to learn about the person who is the buyer versus the buyer’s role and power in a company.
By understanding the person and connecting on what helps them grow as a person or what they are passionate about versus just the growth of the company is a way to connect.
Trust is often earned by helping Client’s find other solutions than the one you or your company is offering.
Often some or all the solution to a problem that a buyer may have might not be what you do at a world class level. Guiding and helping them find the best solution even if it is outside your organization is a very smart move most of the time.
a) The Client gains trust in you and will come to you with many more problems to solve whether you or your company can do it for them. This will allow for more opportunities to potentially solve problems for them or see patterns in needs that you and your company can build expertise.
b) The companies you send business to you will become strong partners and will often send business back and may be potential merger and acquisition candidates.
Grow by helping the other grow.
Growing by upgrading our mental operating systems.
Companies and teams grow when people grow.
Here are three short pieces (6-minute reads) on learnings on how we can all help our teams and ourselves grow in these turbulent times:
1)How to learn and build a habit of learning:
2)How to better understand other people and point of views:
3) How to take time to grow ourselves:
Photography by Peter Delaney
The Lies We Have Been Fed! Fabrice Braunrot was Vice-Chairman of JP Morgan Chase and is now the Co-Founder of Harvest Ridge Capital. On the latest episode of What Next? Fabrice discusses two of his obsessions; how to eat well and how to build great client relationships. Learn about “green washing” and why we need many more nuclear reactors! If you want to build trusting relationships, do not read from a script, but instead, solve their problems and consider the art of the French Impressionists!
Rishad Tobaccowala is an author, speaker, educator and advisor who helps people see, think and feel differently about growth. Growth of their business, their teams and themselves. Check out Rishad’s workshops that companies world wide are leveraging to unleash their talent and enhance their productivity: The Workshops. For more about Rishad Tobaccowala click here.
So relevant. Change doesn't come from place of comfort. Change is driven by a need to make something different. This hit home today - thank you!
Steve thanks!