Podcasts > Creating Confidence with Heather Monahan > #487: BEST OF - Transform Your MINDSET, Transform Your LIFE with Steven Bartlett, Krista Mashore, Amjad Masad, Dileep Thazhmon, Martin Villig, Ankush Grove, Jerrod Blandino, & Colin O’Brady

#487: BEST OF - Transform Your MINDSET, Transform Your LIFE with Steven Bartlett, Krista Mashore, Amjad Masad, Dileep Thazhmon, Martin Villig, Ankush Grove, Jerrod Blandino, & Colin O’Brady

By Heather Monahan

In this episode of the Creating Confidence with Heather Monahan podcast, guests share insights on fostering a growth mindset, overcoming self-imposed limitations, and embracing challenges as opportunities for growth. The conversation explores practical techniques like reframing negative thoughts and viewing failures as learning experiences that spur iteration and improvement.

The guests also offer advice on building and managing effective teams, emphasizing the importance of delegation, open communication, and cultivating a culture of shared ownership. The episode touches on maintaining work-life balance and mental wellness as an entrepreneur, highlighting the value of self-care routines, supportive networks, and maintaining perspective.

#487: BEST OF - Transform Your MINDSET, Transform Your LIFE with Steven Bartlett, Krista Mashore, Amjad Masad, Dileep Thazhmon, Martin Villig, Ankush Grove, Jerrod Blandino, & Colin O’Brady

This is a preview of the Shortform summary of the Jan 1, 2025 episode of the Creating Confidence with Heather Monahan

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#487: BEST OF - Transform Your MINDSET, Transform Your LIFE with Steven Bartlett, Krista Mashore, Amjad Masad, Dileep Thazhmon, Martin Villig, Ankush Grove, Jerrod Blandino, & Colin O’Brady

1-Page Summary

Developing a growth mindset and overcoming limiting beliefs

Figures like Colin O'Brady and Krista Mashore emphasize the potential for growth and overcoming self-imposed limitations. O'Brady stresses that our abilities do not define us; rather, our capacity to grow does. He suggests adopting a "possible mindset" that views potential as unlimited.

In contrast to a fixed mindset, O'Brady promotes embracing "yet"—one may not be something currently, but there is room for growth. Mashore reinforces this through her "stop, snap, and switch" technique, interrupting negative thoughts by physically snapping a bracelet and reframing with a positive perspective.

Embracing challenges, failures, and feedback as opportunities for growth

Ankush Grove, sharing the winding journey his company underwent, highlights the inevitability of setbacks and the need to approach them with curiosity. While not directly stated, the attitude of experimenting displayed by Jerrod Blandino and Bartlett's approach with podcasting imply embracing challenges through trial and feedback.

The views of Bartlett and Bezos promote a culture where failures are opportunities to learn. Grove revisiting plans after mistakes and Mashore rebranding after a market crash exemplify how failures can spur iteration and improvement.

Building and managing effective teams and delegating tasks

Steven Bartlett acknowledges building a business necessitates delegation to a capable team. He seeks exceptional hires who can complement his strengths through initiatives like "bar raisers."

Bartlett relays Branson's advice on asking "who" can accomplish a task rather than "how" oneself can, exemplifying trust in others. Steve Jobs considered the team he assembled as his best product, signaling a leader's role in empowering an able team.

Amjad Masad advocates open communication, with team members voicing disagreements but still committing, fostering shared ownership. This culture encourages taking the lead in passionate areas and collective problem-solving.

Maintaining work-life balance and mental wellness as an entrepreneur

Martin Villig stresses routine practices like adequate sleep and socializing to support well-being. Jerrod Blandino highlights gratitude and fostering a supportive friend network for balance.

Thazhmon touches on the highs and lows of entrepreneurship, implying perspective is key for endurance. He suggests framing each day anew to maintain resilience. Overall, the importance of self-care routines, supportive networks, and perspective for sustainable success is underscored.

1-Page Summary

Additional Materials

Counterarguments

  • While a growth mindset is beneficial, it's important to recognize that there are some inherent abilities or traits that may not be changeable, and it's equally important to accept and work with one's innate characteristics.
  • Techniques like "stop, snap, and switch" may not be effective for everyone, and some individuals may require more in-depth psychological interventions to address negative thought patterns.
  • Not all challenges, failures, and feedback can be viewed positively or as opportunities for growth; some may indicate a need to reassess goals or methods fundamentally.
  • Embracing failure as a learning opportunity is valuable, but it's also crucial to recognize when repeated failures indicate a flawed approach or strategy that needs significant change.
  • Delegating tasks is essential for team management, but over-delegation can lead to a lack of oversight and potential disconnect from the core operations of the business.
  • Trusting others to accomplish tasks is important, but without proper oversight and accountability, this can lead to mismanagement and a lack of responsibility.
  • Open communication is key in a team, but there must be a balance to ensure that dissent does not lead to persistent conflict or hinder decision-making processes.
  • While maintaining work-life balance is crucial, the demands of entrepreneurship sometimes require periods of imbalance, and the notion of balance can vary greatly between individuals.
  • Relying on a supportive friend network is beneficial, but it's also important for entrepreneurs to develop their own coping mechanisms and resilience independent of others.

Actionables

  • You can track your personal growth by keeping a "challenge journal" where you note down daily challenges and your responses to them. This journal should include what the challenge was, how you felt, what you learned, and how you can apply this learning in the future. For example, if you faced a difficult client at work, write about the strategies you used to handle the situation and what the outcome teaches you about dealing with similar challenges.
  • Start a "curiosity project" by picking a recent setback and exploring it in-depth through research, discussions with others, and self-reflection. Create a small presentation or report for yourself detailing what happened, why it may have occurred, and what different approaches could be taken next time. If you failed to meet a personal fitness goal, investigate various fitness methods, nutritional advice, and psychological factors that could improve your approach.
  • Initiate a "team empowerment week" where you encourage each team member to lead a meeting or project part that plays to their strengths or interests. This could involve a shy team member leading a brainstorming session on a topic they're passionate about, or someone from a different department sharing their expertise. The goal is to recognize and utilize the diverse capabilities within your team, fostering a sense of ownership and collaboration.

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#487: BEST OF - Transform Your MINDSET, Transform Your LIFE with Steven Bartlett, Krista Mashore, Amjad Masad, Dileep Thazhmon, Martin Villig, Ankush Grove, Jerrod Blandino, & Colin O’Brady

Developing a growth mindset and overcoming limiting beliefs

Transformative figures like Colin O'Brady and Krista Mashore emphasize the potential for personal growth and the importance of mindset in transcending self-imposed limitations.

Recognize that you are not defined by your current skills or experience, but by your potential for growth.

O'Brady encourages people to consider their personal "Everest" and to challenge the limiting beliefs that may hold them back. He asserts that our current abilities do not define us; rather, our capacity for growth does. Reflecting on his own experience and those of others, O'Brady reveals that even the most successful individuals began as novices and were able to improve their skills through commitment and a willingness to learn.

Shift your mindset from a fixed, defeatist perspective to a growth-oriented, opportunistic one.

O’Brady contrasts a fixed mindset with a "possible mindset" that views potential as limitless. He discusses how you do not need to be a master to claim a new identity—starting an endeavor, such as running, makes you a runner, regardless of your level of proficiency. Dileep Thazhmon also resonates with this idea, speaking about the value of taking action with the information one has, which aligns with accepting imperfection and embracing risk.

Rather than adhering to a belief that one will never achieve a certain state or skill, O'Brady promotes embracing the concept of "yet"—one may not be something at the moment, but there is always room for growth. He shares his journey from not being a rower to undertaking the challenge of rowing across the Drake Passage through perseverance and learning.

Embrace failures and setbacks as valuable learning experiences rather than barriers to success.

O’Brady talks about the common fear of failure and advises people to see it not as an impediment but as a moment for growth and d ...

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Developing a growth mindset and overcoming limiting beliefs

Additional Materials

Counterarguments

  • While potential for growth is important, current skills and experience can be critical in certain contexts, such as job qualifications or specialized tasks, where immediate expertise is required.
  • A growth mindset is beneficial, but it's also important to recognize and respect one's own limits and boundaries to avoid burnout or overcommitment.
  • Not all failures and setbacks can be easily reframed as learning experiences, especially when they result in significant emotional or financial distress.
  • Starting an endeavor does not automatically grant a new identity; some might argue that a level of proficiency or commitment is necessary to truly embody a new role.
  • Accepting imperfection is valuable, but there are situations where high standards and precision are necessary, and risk-taking must be calculated.
  • The concept of "yet" can sometimes lead to procrastination or an excuse for not achievin ...

Actionables

  • Create a "growth journal" to document your journey, focusing on progress rather than perfection. Start by writing down your goals and noting the skills you wish to develop. Each day, reflect on what you learned, not just what you achieved. For example, if you're learning to play the guitar, instead of being discouraged by a song you can't play yet, write down the chords you've improved on and the strumming patterns you're starting to master.
  • Develop a "challenge habit" by setting a weekly task that pushes you out of your comfort zone. This could be anything from trying a new recipe, learning a basic phrase in a new language, or even attending a community class on a subject you know little about. The key is to choose tasks that are achievable but still stretch your abilities, helping you to internalize the belief that you can grow through new experiences.
  • Implement a "positive pivot" technique whenever you catch yourself in a ...

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#487: BEST OF - Transform Your MINDSET, Transform Your LIFE with Steven Bartlett, Krista Mashore, Amjad Masad, Dileep Thazhmon, Martin Villig, Ankush Grove, Jerrod Blandino, & Colin O’Brady

Embracing challenges, failures, and feedback as opportunities for growth

Understanding that the journey to success is not a straight path is crucial, and this journey involves embracing challenges, failures, and feedback as stepping stones rather than stumbling blocks.

Understand that the journey to success is rarely a straight line, and that setbacks and obstacles are inevitable.

Ankush Grove shares the 10-year journey of his company becoming a unicorn, revolutionizing the food industry with the internet. The path they tread was filled with unique challenges and obstacles which had no playbook—implying a journey brimming with unexpected turns and learning opportunities. He shares that mistakes were made, like a pivot from their approach with dark kitchens when they realized customer brand expectations, indicating setbacks are inherent parts of the journey. Similarly, Thazhmon suggests that the enjoyment of the building process aids in dealing with setbacks as a founder. This indicates a mental separation of the magnitude of setbacks from the internal perception of them. It is this perspective that helps in embracing challenges.

Approach these challenges with a spirit of curiosity and a willingness to experiment, rather than fear and avoidance.

Although not explicitly mentioned, Jerrod Blandino's experimentation with makeup, creating new concoctions aiming to give people joy, reflects an attitude of curiosity and willingness to experiment. Bartlett too expresses this indirectly by discussing the importance of increasing the rate of experimentation to keep up with the rapid changes in the 21st century.

Actively seek out feedback, even when it's difficult to hear, and use it as a tool for self-improvement.

Without direct mentions, Bartlett’s approach to experimenting with multiple facets of a podcast involves seeking feedback on those changes. It’s an implied understanding that each experiment inherently includes learning from feedback. Meanwhile, although not openly discussed, the process of trial and error which Bartlett and Bezos embrace at their companies, striving to find successful strategies, suggests an active search for and use of feedback for advancement.

Recognize that critical feedback, when received with an open mind, can be a valuable source of insight and motivation for personal and professional growth.

This principle is evident in the approach Bartlett outlines, expressing how failure is a form of feedback, and feedback is essential for gaining knowledge—thus power. By creating a role s ...

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Embracing challenges, failures, and feedback as opportunities for growth

Additional Materials

Counterarguments

  • While setbacks and obstacles are common, some individuals or companies may experience a relatively smooth path to success, which can be attributed to a variety of factors such as market conditions, timing, or unique innovations.
  • A spirit of curiosity and willingness to experiment can be beneficial, but it must be balanced with strategic planning and risk management to avoid unnecessary failures and resource depletion.
  • Seeking out feedback is important, but it is also crucial to discern which feedback is constructive and aligns with one's goals, as some feedback may be misguided or irrelevant.
  • Critical feedback can be valuable, but it can also be demotivating or harmful if it is not delivered in a constructive manner or if the recipient is not ...

Actionables

  • Create a "Setback Journal" to document and reflect on challenges, noting what you learned and potential solutions for the future. By writing down setbacks as they occur, you can analyze them objectively, identify patterns in the challenges you face, and brainstorm ways to overcome them. For example, if you're learning a new language and you struggle with speaking fluently, your journal could detail specific instances where you stumbled and strategies to practice those difficult areas.
  • Develop a "Feedback Welcome" sign for your workspace or a digital equivalent for your online profiles to encourage others to share their insights with you. This visible cue reminds you and informs others that you're open to constructive criticism. You could use a small whiteboard or a custom sign that says "Feedback Welcomed Here" and place it where colleagues or friends can see it. In a digital context, add a note in your email signature or social media profiles inviting feedback on your work or ideas.
  • S ...

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#487: BEST OF - Transform Your MINDSET, Transform Your LIFE with Steven Bartlett, Krista Mashore, Amjad Masad, Dileep Thazhmon, Martin Villig, Ankush Grove, Jerrod Blandino, & Colin O’Brady

Building and managing effective teams and delegating tasks

Building a successful business or venture is a collaborative effort, and understanding how to effectively build and manage teams is crucial. Leaders like Steven Bartlett, Richard Branson, and Amjad Masad offer insights into how they have navigated the process of delegation and team management to achieve their goals.

Recognize that building a successful business or venture is not a solo endeavor, but rather a collaborative effort.

Steven Bartlett, who has operational involvement in only a fraction of his company's 41 ventures, acknowledges the importance of hiring exceptional people to whom he can delegate tasks. By investing around 20 hours a week on recruitment, Bartlett seeks out talented individuals who can complement his strengths and fill in the gaps where he is not an expert.

Seek out and empower talented individuals who can complement your own strengths and fill in gaps in your expertise.

Bartlett's policy of "bar raisers" focuses on hiring individuals who will raise the company's overall average in terms of attitude and cultural values. He emphasizes the significance of each team member, suggesting that the collective expertise and performance of the team are what truly create value for the business.

Prioritize effective delegation and trust in your team members, rather than trying to do everything yourself.

Bartlett reflects on advice from Richard Branson about the importance of asking "who" can accomplish a task rather than "how" one can do it themselves. Branson, who has always had to delegate due to dyslexia, exemplifies the benefit of relying on others by not knowing what net profit is, yet running one of the largest groups in Europe due to his ability to empower and trust his team.

Understand that as a leader, your primary role is to set the vision and strategic direction, while empowering your team to execute on the day-to-day operations.

Instead of immersing oneself in the minutiae of daily operations, a leader should focus on setting the vision and strategic direction. Bartlett details this approach by explaining that his principal responsibility is to find and empower the right people to run the companies. Similarly, Steve Jobs considered the team he built at Apple as the best product he made, underscoring the leader's role in assembling a capable and dynamic team.

Foster a culture of open communication, accou ...

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Building and managing effective teams and delegating tasks

Additional Materials

Counterarguments

  • While hiring exceptional people is important, it can lead to a competitive or high-pressure environment that may not be suitable for all types of businesses or employees.
  • Empowering individuals is beneficial, but without proper guidance and support, it can result in a lack of direction or misalignment with the company's goals.
  • Focusing on hiring individuals who raise the company's overall average might overlook the value of diversity in thought and experience, which can also be beneficial to a team.
  • Effective delegation is key, but over-delegation can lead to a disconnect between leadership and the operations of the company, potentially causing strategic missteps.
  • Setting the vision and strategic direction is crucial, but leaders who are too removed from day-to-day operations may become out of touch with the challenges their teams face.
  • A culture of open communication is important, but it must be balanced with efficient decision-making processe ...

Actionables

  • You can start a peer-recognition program at work to highlight team members who exemplify great attitude and cultural values. Create a simple system where employees can nominate their peers for small rewards or public recognition when they notice someone going above and beyond, reinforcing the importance of a positive company culture.
  • Develop a personal habit of weekly reflection to improve your delegation skills. At the end of each week, take 15 minutes to jot down what tasks you've delegated, to whom, and the outcomes. Assess what went well and where you can improve, focusing on how you can better empower your team for the following week.
  • Initiate a monthly 'solution brainstorming' session with your team to enha ...

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#487: BEST OF - Transform Your MINDSET, Transform Your LIFE with Steven Bartlett, Krista Mashore, Amjad Masad, Dileep Thazhmon, Martin Villig, Ankush Grove, Jerrod Blandino, & Colin O’Brady

Maintaining work-life balance and mental wellness as an entrepreneur

For entrepreneurs, maintaining work-life balance is crucial for ensuring mental wellness. Martin Villig, Jerrod Blandino, and Thazhmon highlight strategies to prioritize self-care and personal well-being alongside professional demands.

Recognize the importance of prioritizing self-care and personal well-being, even in the face of intense professional demands.

Establish routines and habits that support your physical, mental, and emotional health, such as regular exercise, adequate sleep, and mindfulness practices.

Martin Villig advocates for treating entrepreneurship like a marathon, implying the necessity of endurance and sustained self-care. He emphasizes the value of setting routines to support well-being, such as getting eight hours of sleep nightly from his second year onwards. Furthermore, he encourages going out, engaging in sports, and spending time with friends as effective ways to relieve stress.

Cultivate a support network of friends, family, and mentors who can provide perspective, encouragement, and a sense of balance.

Actively seek out opportunities to step away from work and engage in activities and relationships that nourish your spirit and rejuvenate your energy.

Villig underscores the importance of having a supportive system, including family, friends, and the community, noting it can provide help, advice, and a morale boost during challenging periods. Jerrod Blandino stresses the significance of expressing gratitude and trust, being supportive of friends' successes, and fostering a network conducive to overall well-being and balance.

Develop strategies for managing stress, anxiety, and burnout, and be ...

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Maintaining work-life balance and mental wellness as an entrepreneur

Additional Materials

Counterarguments

  • While establishing routines is beneficial, excessive rigidity can lead to stress when unexpected work demands disrupt those routines.
  • Cultivating a support network is important, but relying too heavily on others can sometimes lead to dependency and may not always be feasible for entrepreneurs who frequently relocate or work in isolation.
  • Stepping away from work for rejuvenation is ideal, but some entrepreneurs may find it challenging to do so due to the unpredictable nature of startup demands or financial pressures.
  • Managing stress and anxiety through structured strategies is useful, but these strategies may not be one-size-fits-all and can sometimes ignore the complex and unique nature of an individual's mental health needs.
  • Regular self-reflection is important, but too much introspection can lead to overthinking and increased anxiety for some individuals.
  • The concept of treating entrepreneurship as a marathon suggests a steady pace, but the fast-changing landscape of business may sometimes require sprint-like efforts that conflict with this approach.
  • Encouraging engagement in activities to relieve stress assumes that entrepreneurs have the time and resources to do ...

Actionables

  • You can create a "well-being swap" with a friend where you exchange self-care activities weekly, ensuring variety and accountability in your routines. For example, if you usually go for a run, your friend might suggest a painting session for relaxation, and vice versa, encouraging each other to try different methods of stress relief and rejuvenation.
  • Start a "micro-habit" chain by choosing a small, manageable self-care activity you can do daily for just five minutes, like deep breathing or writing down things you're grateful for. The key is consistency; a micro-habit should be so easy that you can stick with it every day, building a sense of accomplishment and resilience.
  • Implement a ...

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