Thursday, January 02, 2025

NEW INC. MAGAZINE COLUMN FROM HOWARD TULLMAN

 

The President-elect and the mayor of Chicago are great examples of how not to behave at critical moments. Entrepreneurs, take note. 

EXPERT OPINION BY HOWARD TULLMAN, GENERAL MANAGING PARTNER, G2T3V AND CHICAGO HIGH TECH INVESTORS @HOWARDTULLMAN1

JAN 2, 2025


In the generous spirit of the holidays, I’ve concluded that no one in government is completely worthless – even the chaotic, disappointing, and destructive reign of Chicago’s current mayor offers some modest learning opportunities for us mortals. As the saying goes, if you can’t be a good example, at least you can be a horrible warning, and Mayor Brandon Johnson is doing an excellent job of showing the world what a professional government official should never do.

Unfortunately, it’s highly unlikely that his behavior is going to change any time soon. So, the chaos of present-day Chicago will continue.

Hizzoner blithely lies regularly to the press and to the public about when and what he knew about crooks and other bad actors in his administration – typically right after they’re outed and discreetly shown the door. His stories about how much he knew about the behavior of Ronnie Reese, his disgraced and departed communications director, are just the latest examples.

Chicago’s finances will always be dependent on the largesse of the state of Illinois and so he says that he and his people are working closely with the folks down in Springfield, the capital. The folks in Springfield, on the other hand, report that they barely speak to him and his team about anything material and haven’t since he was elected over a year ago.

He is still technically on leave from but also on the ledgers of the Chicago Teachers Union (accruing time in service, the actuarial benefits of salary increases, and bumps in his expected CTU pension) while he bigfoots the Chicago Pubic Schools board. He has also tried to rush through an expensive contract for union bosses, and claims to be above the fray.

The list goes on.

But I think that Johnson has some value for entrepreneurs who regularly find themselves in water over their heads and for anyone else who’s concerned about what’s going to happen when Donald Trump regains the Oval Office.

Whatever you think of the mayor’s travesties, they’re just a preview of what’s coming down the pike. Think of Trump as a supersize version of everything that Johnson represents. Our mayor may have been a mediocre teacher for the few minutes that he tried that “career,” but he seems intent on his administration following in Trump’s footsteps.

The circus starts, of course, with language. Brandon is a master of arranging fancy words that sound important but mean nothing. He’s trying to bluff his way through questions and, when anyone questions his comments or challenges his conclusions, he deploys the race card and sulks off the stage.

Trump’s approach is actually less about big words and BS and more about bullying and bravado. Trying to parse any lengthy truth from Trump – even after the media sanewashes his material – is a fruitless gesture. Every one of his all-cap pronouncements is its own word salad.

Both mopes foment hate, and they thrive on its adrenaline, which they foster and enflame every day. They spend their time not building, but blaming; it’s always someone else’s fault. Everyone is after them and out to get them for whatever the current reason or excuse of the day may be.

They are the embodiments of the fake-it-‘til-you-make-it sickness that still infects the tech world.

The lesson for someone struggling, as every new business-builder does from time to time, to keep up with the constant flow of concerns or to cope with unforeseen obstacles, uncertainty, and complexity isn’t to point fingers, offer phony excuses, spew venom and threats, or make up stories that no one believes. It’s to slow down, hunker down, learn from your mistakes, focus on a few critical concerns, and shut your mouth until you have something relevant and truthful to say. As Thumper’s mom cautioned the little guy: “If you can’t say something nice, don’t say anything at all.”

The second failing that these gentlemen share is a reluctance to do the work required to lead, no sense of humor or curiosity, and a lack of interest in education, preparation, analysis, or research. Not surprisingly, in both of their cases, it’s of considerable value to know what you’re talking about and what you’re doing. They are seat-of-the-pants and spur-of-the-moment cowboys who will say anything to get through the day and disparage the efforts of the people who actually know what the facts are and, more important, what the alternatives and consequences of various choices and decisions may be.  

Worse, these two may be the world’s worst listeners, although they love the sound of their own voices and those of the sycophants who shield them from reality. Actions are rarely based on advice and analysis; everything is reactive. Trump, in particular, can’t go for a moment without attempting to grab the spotlight, stir the pot, and dominate the news cycle with whatever confused thought, threat, or lie might enter his head. They’re both in a hurry to go nowhere fast. They never sweat the small stuff or focus on the details and consequences of their actions – as every entrepreneur incessantly does.  

Because they don’t do their homework, they don’t build effective teams or support organizations, and they don’t listen to anyone who’s not telling them exactly what they want to hear.

Entrepreneurs appreciate and understand the need for speed and quick reactions, but their mindset and thought processes are entirely different from the ready-fire-aim methodology of the culture war crusaders in Chicago and Washington. The best business-builders I know – contrary to the media mythology – are careful, analytical to a fault, and far more conservative than you’d imagine, because they focus as much on the downside risks of any new actions to their people and to their businesses as they do on the upside opportunities. They take intelligent risks, but never randomly gamble – especially with the lives and livelihoods of others.

Trump and Brandon are more than happy to burn down the buildings and blow up the lives of millions. They’re all about optics – dressing up in racing suits and gilding everything with fake gold. This is why Trump has bankrupted practically every business he’s ever touched and why Brandon is well on his way to torching the central business district of Chicago in his fevered quest to serve his progressive masters.

 

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