Monday, February 27, 2023

NEW INC. MAGAZINE COLUMN FROM HOWARD TULLMAN

 

Why You'll Need to Become a Different Kind of Leader

The leadership vacuum created by Washington leaves us without people we can look up to. Entrepreneurs can fill that role -- but you need to step up your game. Here are four ways to do it. 

 

BY HOWARD TULLMAN, GENERAL MANAGING PARTNER, G2T3V AND CHICAGO HIGH TECH INVESTORS@TULLMAN

The next few years, as the pandemic becomes endemic, are going to be some of the most challenging times any company leader will face in their career-- however long they've been at it. Building your business from scratch, rebuilding your existing enterprise, or growing to accommodate new and different opportunities are all going to be brutal tasks. In part because the path forward is so uncertain and the players and circumstances have changed in so many ways. Most of the traditional management tools, storytelling skills, role models, and cultural crutches we've relied on are no longer up to the job. As difficult as it may seem, post-pandemic, the road ahead for CEOs and other senior managers is going to be bumpier than the last three years.

Common concerns and shared values are fractured, scattered; agreed-upon facts and basic behavioral ground rules for deal making no longer exist, and employees' career aspirations, work-life expectations, and goals are all up for grabs. We live in a DIY world where the "story" is always suspect, employees make up their own realities and choose their own situational moralities; compromise is regarded as signs of weakness, and no one knows who to trust or whether anyone should be trusted.

Some of these issues are the rotten remnants of the bottomless pit of crime, corruption, and lies of the Trump presidency. The lies these days outlast the liars; others are the product of years of the destructive influence of social media, where the dream of enhanced connection morphed and soured into hatred, division, and separation. Finally, the loss of more than a million American lives through COVID-19 has shaken everyone's belief in our competence and ability to handle the next crisis.

Our employees, our customers and clients, the media and the general public continue to have less and less trust, comfort and confidence in our national and corporate leadership. This is directly and negatively impacting the prospects for the economy's rapid recovery and growth. Every business leader today needs to learn how to operate in these hostile and critical environments. And sadly, we won't have the previous maps and guidelines that used to help us navigate.

In addition, given the sorry state of our performative politics, we also can't expect any material help or effective leadership from Washington any time soon-- whether it's the bad faith actions of the MAGA morons or the inability of the Democrats to get anything done in the face of the twin obstacles of Republican obstruction and continued right-wing lower court rulings. Does anyone even remember when we had civic, judicial, and corporate leaders that we could honestly look up to? Today, we're stuck with clowns and criminals on all sides; serial liars, lifelong losers, lunatics, and leftover retreads -- a sorry surfeit of dimwits and deniers whose pathetic and obstructive antics are a constant waste of time and energy as well as a global embarrassment.

So, it appears that it's up to the business builders-- the ever-eager entrepreneurs and those remaining credible corporate and company executives as well-- to develop, deliver, and then live up to objectives and behaviors that show the way forward. And we have to do a much better job of sending and selling our messages than even the politicians on the sane side of the fence have done to date.  

 

Here are my four suggestions.

Hold Your Own Head Up - What You Do is More Important Than What You Say

Leadership isn't just a position, it's an ongoing process of storytelling, role playing, and modeling the behavior that's expected of all team members. Leaders can cast shadows or light; in troubled times, we can make ourselves miserable or make ourselves strong -- it takes the same amount of effort. Don't expect others to listen to your advice and ignore your actions or inaction. When bad things happen, as Dr. Suess said, you can let them define you, let them destroy you, or let them strengthen you. The right choice is obvious. Your faith in yourself and your business needs to be stronger than your fear of failure and it needs to be readily apparent to all your people.

 

Commit Yourself and Your Resources Wholeheartedly

Don't try to do things cheaply that you shouldn't do at all, or put lipstick on a pig. The cost of doing things halfway or half-heartedly is the same as doing them correctly and far less stressful. Sticking to your principles 97% of the time is painful and grueling and actually much harder than going all the way all the time. There's no such thing as a minor lapse in integrity. Have the strength and the willpower to do the important things quickly, completely, and to the very best of your ability. If you're not all in, you don't have a position; you've merely got an opinion offered from the cheap seats and not worth much. It just doesn't pay to be tentative: you can't steal second base with one foot on first. If you're going to agree to do something, just say "yes". Don't say "yes, but" because anything you say before "but" won't really mean a thing. "Maybe" is a loser's word-- don't say "maybe" when you should say either "yes" or "no" and mean it.

 

Remind Your Team that You've All Been Here Before and Survived

The best entrepreneurs have learned that, while skill and smarts are important, the largest single determinant of success in the long run is perseverance -- persistence with intention -- not beating your head against a brick wall but understanding that you've faced and triumphed over larger obstacles in the past and that the newest threats are just another set of mountains to climb. Recognizing, reacting, responding and adapting to the latest challenges isn't any more difficult than it was in the past. But it does require confidence and belief in your team and an appreciation for the old Bob Marley line that "you never know how strong you are until being strong is your only choice." Sharing prior wins, war stories, desperate times of old and super close calls are all ways to reinforce the message that the only way out of the current swamp is all the way through it to better days.

 

Resist the Temptation to Settle for Silence.

Talk is cheap and plentiful and when the world's on fire around you, there's a powerful tendency in business discussions, and especially in painful personnel negotiations, to "buy" peace and to secure some silence by settling for half a loaf or just giving up on some important concerns. It's always a mistake to deny your convictions for the sake of peace and quiet. Seeking universal consensus so that everyone feels good about the result (except you) is also foolhardy, unachievable and likely to lead to mediocre results in the end.

There are plenty of other problems with settling as well, but the biggest one is that the moment you settle for less than you need or deserve, you generally end up with even less than you settled for. Buying peace is too high a price to pay for a makeshift solution; no business can afford to start making these kinds of bad trades. It's a variation of the old foolish strategy of feeding the beast in the hopes that he'll get satiated before he gets around to eating you. The "asks" never end and the short term answers distract you from addressing the real problems which - just to be clear - don't ever disappear or go away. They just fester and get worse. 

Bottom line: Now's the time to take the time to make sure that everyone on the team is eager, anxious to move ahead, and aligned with where the business needs to go. They're all going to be looking to you for direction and guidance. Make sure you're prepared and up to the task.