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How To Bounce Back After Getting Knocked Down In Life, Work or Business

 

I Lost It All

It was November 2010, I was living in Silicon Valley with my wife and children when I lost it all.

I had to let go of all of my employees, 20 of them across Australia and the US.

I lost the multimillion dollars worth of angel and venture capital investments I had secured.

I lost all my life savings which I had used as startup capital to bankroll the business before raising external funding.

I lost my job as the CEO of my company and my only source of income.

I lost the family home back in Australia as I couldn’t afford to keep paying rent in Palo Alto USA and mortgage repayments back in Australia.

Oh and our youngest of 3 children was just 30 days old and we had 10 days to pack and leave the US because my work visa was conditional on my business and a few weeks later I found out an immediate family member was diagnosed with cancer.

Many people have asked me how do you recover from something like that?

That was almost 10 years ago and I don’t have all the...

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Why You Must Now Become a Wartime (Founder, CEO, Sales) Leader & How To Go On The Offensive

Regardless of your title, if you are responsible for your company’s strategy and revenue, read on, you have great responsibility, risk and opportunity ahead of you.

I first came across the concept of the Peacetime/Wartime CEO in Ben Horwitz’s book, The Hard Thing About Hard Things. Ben explains :

Peacetime/Wartime in Business

Peacetime in business means those times when a company has a large advantage vs. the competition in its core market, and its market is growing. In times of peace, the company can focus on expanding the market and reinforcing the company’s strengths.

In wartime, a company is fending off an imminent existential threat. Such a threat can come from a wide range of sources including competition, dramatic macro economic change, market change, supply chain change, and so forth.

On his blog, Ben goes on to provide examples of the differences between Peacetime CEOs and Wartime CEOs.

Why Now (March 2020) is Wartime in Business

Businesses are facing an...

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5 Questions Leaders Should Be Asking Themselves During Times Of Crisis

crisis leadership Mar 10, 2020
 

Life and business are full of unknowns.

Right now we have entered an unprecedented phase of global challenges, political and economic uncertainty, panic and irrational human behaviour, all of which will adversely impact businesses and jobs.

And behind all business and jobs are the people we lead.

As a leader - more than ever, now is the time to step-up.

You need to provide confidence to your team and customers, give them mental and emotional safety and determine the best path forward for your business.

So to get started, here are 5 questions you should be asking yourself right now:

  1. How Am I Ensuring Our Mission & Values Are Being Reinforced And Are Top Of Mind?

    Dr Peter Fuda talks about great organisations being able to answer 4 questions:

    Where are we going?
    How will we get there?
    How are we going to be on this journey? (values)
    Why do we exist above and beyond making money? (mission)

    As a leader how well can you articulate your answers to these four questions and how are you...
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Be Guided By Your Purpose and Finding Satisfaction In Your Soul

leadership podcast Aug 29, 2019

Listen here >

Or listen on >  Apple Podcast | Spotify | SoundCloud

Sidney Minassian, Founder of ImpactLadder shares his perspectives on The Business Caring Formula Podcast with host Emma Arakelyan.

Sidney talks about:

  • His early career and why he has started multiple companies,
  • Being guided by your purpose, finding mandate and seeking satisfaction in your soul,
  • The importance of values alignment in your career and leadership style,
  • Leveraging your personal brand for career growth and sales success,
  • ImpactLadders vision and mission for developing people and teams to become their extraordinary
  • What not to do in your career and as a leader,
  • The importance of role models (it's not what you think).

You can buy Emma's book on Amazon The Business Caring Formula

 

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The One Skill To Have A Great Life Over The Next 50 Years

In a recent interview for the Navitas Ventures blog, Mick Liubinskas asked ImpactLadder Founder, Sidney Minassian what was the one skill he'd recommend he teach his kids to have a great life over the next 50 years.

Sidney answered that question and also covered :

  • How ImpactLadder is taking an unconventional approach to training and development;
  • What is the motivation & ROI for managers to develop their employees;
  • Differentiating symptoms vs problems; 
  • Micro-credentials and life long learning;
  • Disruption to traditional education from Universities;
  • Kodak Moment (disappearing when you don't innovate and adapt fast enough); and
  • AI's role in Education in the next 10 years.

 

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Your 5 Impact Hats - Understanding Impact Series

When you think about having an impact on a person, team or project it may feel overwhelming. Where do you start? What do you do? How do you measure it? And How much is enough?

In the Understanding Impact Series we define and describe impact by the Stages, Roles, Reach and Purpose.

This series is intended to create a framework for understanding the ‘what’ of impact, rather than the ‘how’. We cover ‘how to create impact’ in our ImpactLadder programs.

This article covers your 5 Roles (Impact Hats) in the Understanding Impact Series.

In our last article we established the 5 Stages of Impact are:

  1. Understand
  2. Help
  3. Empower
  4. Elevate
  5. Transform

So corresponding to each stage, you have a role to play. At each stage you’ll be wearing the relevant ‘Impact Hat’.

The 5 Roles are:

  1. Confidant
  2. Consultant
  3. Coach
  4. Mentor
  5. Influencer

1. Confidant

At the ‘Understand Stage’ your role is a ‘Confidant’.

As a ‘confidant’...

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The 5 Stages of Impact - Understanding Impact Series

When you think about having an impact on a person, team or project it may feel overwhelming. Where do you start? What do you do? How do you measure it? And How much is enough?

In the Understanding Impact Series we define and describe impact by the Stages, Roles, Reach and Purpose.

This series is intended to create a framework for understanding the ‘what’ of impact, rather than the ‘how’. We cover ‘how to create impact’ in our ImpactLadder programs.

This article covers the 5 Stages of Impact in the Understanding Impact Series.

The 5 stages of impact are:

  1. Understand
  2. Help
  3. Empower
  4. Elevate
  5. Transform


1. Understand

At the most basic level people feel appreciated and positively impacted by your interactions with them if they have been simply ‘heard and understood’.

When you’re listening intently look out for the following three categories of what people want you to know:

  • What are people thinking (head), most often a situation or...
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7 Ways To Increase Your Professional Value

value creation May 06, 2019

#1 Know The Business

When you are on the ‘same page’ as the business you will engender a deeper level of conversation, you will ask better questions, you will push back on the right issues and overall you will command the respect of your colleagues beyond your functional (task, project, product) brilliance.

You should know and be able to quickly articulate key business details such as:

  • what industry you are in;
  • what are the top performing product / service lines;
  • what are your best channels to market;
  • who are your primary customers;
  • who are your most strategic partners (and why? what’s in it for them);
  • who are your biggest competitors and what is their strategic or competitive advantage;
  • who are your likely unexpected competitors and
  • who is going to disrupt you or your industry externally

#2 Get To Know Your Customer’s Customer

Don’t settle with just understanding the ‘Marketing’, ‘Risk’, ‘Operations’...

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