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.
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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.
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.
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.
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
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.
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.
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.
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 ...
Developing a growth mindset and overcoming limiting beliefs
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.
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.
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.
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.
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 ...
Embracing challenges, failures, and feedback as opportunities for growth
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.
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.
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.
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.
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.
Building and managing effective teams and delegating tasks
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.
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.
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.
Maintaining work-life balance and mental wellness as an entrepreneur
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